EPAM Systems Inc. Announces New Executive Severance Plan Offering Enhanced Benefits for Qualifying Terminations
EPAM Systems Inc. has announced the approval of its new Executive Severance Plan, effective June 23, 2025. Under this plan, executive officers, including the Chief Executive Officer and Chief Financial Officer, are eligible for severance payments and benefits upon specific qualifying employment terminations. The plan provides a lump sum cash severance payment of 1.5 times the executive's current base salary plus target bonus, with the Chief Executive Officer receiving two times this amount. It also includes payment or reimbursement of COBRA premiums for 18 months, extending to 24 months for the CEO, and acceleration of vesting for certain restricted stock unit awards. This plan aims to provide financial security to executives during transitions.
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. EPAM Systems Inc. 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: 0001140361-25-023813), on June 26, 2025, and is solely responsible for the information contained therein.
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