Eaton Corporation plc has announced a new compensation agreement for Ernest Marshall, the company's Executive Vice President and Chief Human Resources Officer, who is set to depart on September 30, 2025. As per the agreement, Marshall will receive a payment amounting to 1.5 times his current annual salary and target annual incentive under Eaton's short-term incentive plan. Additionally, he will be eligible for pro-rated benefits in open award periods under the company's performance-based short- and long-term incentive programs. The agreement also guarantees the continued vesting of his unvested stock options and restricted share units. This arrangement follows a filing with the Securities and Exchange Commission detailing these compensation terms.
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