Concentrix adopts amended executive severance plan, expanding change-of-control terms
On July 23, 2026, Concentrix's Board adopted an Amended and Restated Executive Severance Plan that replaces its Change of Control Severance Plan, following an annual compensation review. The amended plan raises severance for executives terminated without cause within two months before or 12 months after a change of control, and adds severance for such terminations outside that window.
Key points
- Plan adopted July 23, 2026, replacing the Change of Control Severance Plan.
- Change-of-control severance changes from salary continuation of 18 to 24 months to two times base salary plus target bonus, less withholding.
- New severance of base salary plus target bonus, less withholding, applies to terminations outside the change-of-control window.
- Plan adds a 'best-net' Section 280G cut-back provision; full plan filed as Exhibit 10.1.
The filing
Written by AI on Nov 8, 2026, 1:54 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 24, 2026.
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