Concentrix revamps executive change-of-control severance to 2x base salary plus target bonus

Reuters2026/07/24 21:19

By:Reuters

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Concentrix adopted an amended and restated Executive Severance Plan on July 23, 2026, replacing its Change of Control Severance Plan.
Change-of-control terminations now trigger severance equal to 2x base salary plus target bonus, net of withholding.
The prior change-of-control benefit provided 18–24 months of salary continuation based on the past three years’ compensation.
Outside a change of control, eligible terminations now provide severance equal to base salary plus target bonus, net of withholding.
The plan adds a “best-net” Section 280G cut-back provision.

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. Concentrix Corporation 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: 0001803599-26-000139), on July 24, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Concentrix revamps executive change-of-control severance to 2x base salary plus target bonus

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