IFF's board approved one-time transaction incentive awards tied to the sale of its Food Ingredients business. CEO J. Erik Fyrwald received RSUs with a grant date value of $700,000 that vest in full on the third anniversary of the grant; three other named executives received cash awards of $700,000, $700,000 and $350,000. Nothing vests or pays unless the transaction closes, and all awards are forfeited if the definitive agreement is terminated.
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