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Change-in-Control Benefits Can Incentivize Valuable Transactions, Protect Executives
Meridian Compensation Partners, LLC 
Sept. 27, 2018
"These benefits should meet key design objectives, pass an external test of fairness, and avoid windfalls upon executive departures. Directors should consider the following concepts when designing CIC severance protections for executives.... [1] Participation.... [2] Benefit levels.... [3] Excise tax.... [4] Other retention tools."
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