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    • Lincoln Financial Caps Executive Severance Benefits

    March 1, 2023 by Allison Bell

    Lincoln Financial has adopted a new cash severance policy for top executives.

    The life insurer said in a notice filed with the U.S. Securities and Exchange Commission that it will not establish any new severance plan providing cash benefits that exceed 2.99 times the sum of the executive’s base salary and annual bonus opportunity, unless it receives shareholder approval for the severance agreement.

    Click HERE to read the full story via ThinkAdvisor

    Originally Posted at ThinkAdvisor on February 23, 2023 by Allison Bell.

    Categories: Industry Articles
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