Team Inc cuts change-in-control severance benefits to 24 months - TISI News | RalliesTeam Inc cuts change-in-control severance benefits to 24 months
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TISI• Team cuts change-in-control severance under executive continuation policy
- Team cut change-in-control severance under its executive continuation policy, capping supplemental salary or compensation periods at 24 months.
- Bonus make-whole will use the higher of the most recent actual bonus or the two-year average; target bonus applies if none paid yet.
- The bonus-related payment will be made as a single lump sum on the date the supplemental salary payment is due.
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