UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) On November 16, 2022, Ecolab Inc. (the “Company”) and Timothy P. Mulhere, Executive Vice President – Special Initiatives – Institutional of the Company, who will be leaving the Company effective December 31, 2022, entered into a separation agreement which includes, among other terms, compensation provisions, a release of claims by Mr. Mulhere and non-competition provisions. The compensation provisions include the continuation of Mr. Mulhere’s base salary through December 31, 2022, continued eligibility to receive a 2022 bonus under the Company’s Management Incentive Plan with a minimum bonus payment of $793,800, and payment of fifty-two weeks of severance in the amount of $27,380.77 per week, paid in equal installments on the regular payroll dates for active employees through December 31, 2023.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. | Description | Method of Filing | ||
(104) |
| Cover Page Interactive Data File. |
| Embedded within the Inline XBRL document. |
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