KBR raises non-CEO severance multiple to 1.5x in amended change-in-control agreements
KBR•Key compensation and termination changes
- Cash severance multiple for executives other than the CEO increased to 1.5x base salary plus target bonus.
- “Good Reason” expanded to cover material pay cuts, reduced duties, contract breaches, or relocations beyond 50 miles.
- “Cause” tightened, with added notice and cure mechanics in change-in-control terminations; strategy disputes or missed targets excluded.
- Retirement terms reset to objective age-service thresholds; RSU treatment shifted to pro-rata vesting on retirement.
Amended change-in-control agreements for key executives
KBR on July 10, 2026 replaced existing severance and change-in-control agreements for key executives with amended and restated versions.
