Global Partners LP has announced a new employment agreement with Sean T. Geary, effective January 1, 2026, following his transition from Chief Legal Officer to Senior Legal Advisor. Under the terms of the agreement, Geary will participate in the 2025 compensation plan and be eligible for long-term incentive plans and benefit programs. Upon termination for any reason, he will receive all accrued salary and benefits. If terminated due to death or disability, Geary or his estate will receive a lump sum equal to 100% of his base salary, a discretionary pro-rated bonus, and 18 months of insurance premium payments. If his employment is terminated without cause or through constructive termination, Geary will also receive a lump sum of 100% of his base salary, a pro-rated bonus, and 18 months of insurance premium payments. If the agreement is not renewed, he will receive 50% of his base salary and a bonus for the year of termination. Additional provisions include confidentiality, non-competition, and non-solicitation terms.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Global Partners LP published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-001335), on January 06, 2026, and is solely responsible for the information contained therein.