Ramaco Resources (METC) has issued an announcement.
Ramaco Resources, Inc. has revised its severance plan for key executives, introducing the Ramaco Resources, Inc. Change in Control Severance Plan, effective July 9, 2024. This updated plan outlines enhanced severance benefits for executives in case of involuntary termination or resignation with good reason during a specified “protected period” following a change in control at the company. Benefits include a substantial lump sum payment based on salary and bonuses, accelerated equity vesting, extended health coverage, and additional 401(k) contributions, contingent upon agreement to non-competition and non-solicitation terms.
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