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amended and restated its Severance and Change in Control Plan for employees in Level 21 positions, effective September 30, 2026. The company disclosed the changes in a Form 8-K filed with the U.S.
Securities and Exchange Commission on October 2, 2026. The updated plan applies to specific employees in job category position Level 21.
Under the revised terms, participants who execute a separation and release agreement and continue to adhere to confidential information and invention assignment agreements are entitled to additional benefits beyond those available under the prior version of the plan.
For terminations without cause that are not connected to a change in control, participants will receive a pro-rated portion of their target annual bonus for the year of termination.
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