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| JBT > SEC Filings for JBT > Form 8-K on 2-Jan-2013 | All Recent SEC Filings |
2-Jan-2013
Change in Directors or Principal Officers, Financial Statements and E
(e) John Bean Technologies Corporation (the "Company") previously disclosed that it entered into amended and restated executive severance agreements with each of the Company's named executive officers (each such named executive officer referred to in this Form 8-K as an "Executive"). On December 27, 2012, the Company and each of the Executives agreed to amend those executive severance agreements (the "Executive Severance Agreements") and entered into a first amendment to the Executive Severance Agreements. The form of the first amendment to the Executive Severance Agreements is attached hereto as Exhibit 10.1, and the amendments included therein may from time to time be used in the form of executive severance agreements to be entered into with other executive officers of the Company.
The first amendment to the Executive Severance Agreements provides that, if any payment of severance compensation under Section 3.3 of the Executive Severance Agreements constitutes deferred compensation under Section 409A of the Internal Revenue Code of 1986, as amended from time to time, and any successor thereto, and such payment is payable within a period that spans two calendar years, such payment of severance compensation shall be paid in the later calendar year.
(d) Exhibits.
Exhibit No. Description
10.1 Form of First Amendment to John Bean Technologies Corporation Amended and Restated Executive Severance Agreements
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