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As Of Filer Filing For·On·As Docs:Size 12/11/17 Johnson Controls Int’l plc 8-K:5,9 12/11/17 3:444K |
Document/Exhibit Description Pages Size 1: 8-K Current Report HTML 29K 2: EX-10.1 Material Contract HTML 23K 3: EX-10.2 Material Contract HTML 167K
Document |
Date of Report (Date of Earliest Event Reported): |
Ireland | 98-0390500 | |||
(State
or Other Jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification Number) | ||
One
Albert Quay | ||
Cork, Ireland | ||
(Address of Principal Executive Offices) | ||
Registrant's Telephone Number, including Area Code: 353-21-423-5000 | ||
Not
Applicable | ||
(Former name or former address, if changed since last report) |
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
(§240.12b-2 of this chapter). | ||
Emerging growth company | ¨ | |
If an emerging growth company, indicate by check mark if the registrant has elected not to use
the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | ¨ |
Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
• | permit former officers and other employees to participate in the Severance Policy at the Company’s discretion; |
• | revise
the severance benefits payable to the Company’s Chief Executive Officer (the “CEO”) so that, upon an involuntary termination without cause prior to a change in control, the CEO will receive a cash severance payment equal to two (2) times the sum of annual base salary plus target bonus and continued health benefits for 24 months, and upon an involuntary termination without cause or a good reason resignation within two (2) years after a change in control, will receive a cash payment equal to three (3) times the sum of base salary plus target annual bonus and continued health benefits for 36 months; |
• | revise
the severance benefits payable to all participants (other than the CEO) so that, upon an involuntary termination without cause prior to a change in control, the participant will receive a cash severance payment equal to one and one half (1.5) times the sum of base salary plus target bonus and continued health benefits for 18 months, and upon an involuntary termination without cause or good reason resignation within two (2) years after a change in control, will receive a cash payment equal to two (2) times the sum of base salary plus target bonus and continued health benefits for 24 months; |
• | provide that all equity awards will vest pro rata upon an involuntary termination without cause, subject
to the achievement of any performance goals for performance awards; |
• | a pro rata annual target bonus payment upon an involuntary termination without cause or good reason resignation within two (2) years after a change in control; and |
• | revise the non-competition, non-solicitation, and confidential information covenants set forth therein, and require that each participant in the Severance Policy sign a participation agreement,
including an acknowledgement that the participant is bound by such restrictive covenants. |
Letter Agreement between Johnson Controls International plc and George R. Oliver dated December
8, 2017 |
Johnson Controls International plc Severance and Change in Control Policy for Officers, Amended and Restated December 7, 2017 |
JOHNSON CONTROLS INTERNATIONAL PLC | ||||
Date:
December 11, 2017 | By: | |||
Name: | ||||
Title: | Corporate
Secretary | |||
This ‘8-K’ Filing | Date | Other Filings | ||
---|---|---|---|---|
Filed on / For Period End: | 12/11/17 | 8-K | ||
12/8/17 | ||||
12/7/17 | ||||
12/6/17 | 3 | |||
1/24/16 | 8-K | |||
List all Filings |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 12/14/23 Johnson Controls Int’l plc 10-K 9/30/23 146:19M 11/15/22 Johnson Controls Int’l plc 10-K 9/30/22 146:21M 11/15/21 Johnson Controls Int’l plc 10-K 9/30/21 137:24M 11/16/20 Johnson Controls Int’l plc 10-K 9/30/20 135:24M |