United Fire Group Inc. has announced a new Change in Control Severance Agreement for its SVP & Chief Human Resources Officer, Steven D. Hernandez. Effective August 28, 2025, the agreement includes an 18-month non-competition clause. In the event of a company change in control and subsequent termination without cause, Hernandez will receive a severance benefit of 1.5 times his highest annual base salary plus target annual incentive compensation. Additionally, he will benefit from an 18-month continuation of certain insurance benefits, full vesting of long-term incentive awards at target levels, and specific outplacement services.
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