Meridian Compensation Partners, a leading executive compensation and corporate governance consulting firm, has completed a comprehensive Study on the prevalence of executive change-in-control (“CIC“) arrangements among 200 component companies of the S&P 500® index (“Study Group“) and the benefits provided under such arrangements.
Key findings of the Study include the following:
- 75% of Study Group companies reported maintaining CIC arrangements that provide cash severance benefits to one or more Named Executive Officers (“NEOs“).
- 100% of these companies condition the payment of cash severance upon the occurrence of a double-trigger event (i.e., involuntary termination without “cause“ or voluntary termination for “good ...
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