Stepan Company Adopts New Executive Severance Benefit Plan
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Stepan Company has announced a new Key Executive Severance Benefit Plan effective November 26, 2025. The plan offers severance payments to selected employees, including executives, upon certain involuntary terminations. Tier 1 executives receive 18-36 months of pay, while Tier 2 receive 12-24 months, depending on the circumstances. Benefits require a release and waiver of claims and adherence to restrictive covenants. Equity awards are governed by existing agreements.
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