Post Holdings Inc (POST) has released an update.
Post Holdings, Inc. has launched a new Supplemental Executive Retirement Plan to incentivize and retain top management and key employees, effective from February 19, 2024. This unfunded plan offers cash balance benefits based on a percentage of salary and bonuses, with additional credits for past service and annual interest. Vesting of benefits is linked to continuous service, reaching specific age and service milestones, or events like change in control, death, or disability. The Committee retains the right to amend or terminate the plan, ensuring flexibility for the company’s future needs.
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