Concentrix Corp's board approved an amended executive severance plan on July 23, 2026, replacing the old change-of-control severance plan. Key change: for execs let go within two months before or 12 months after a change of control, severance goes from salary continuation (18-24 months based on tenure) to a lump sum of 2x base salary plus target bonus. It also adds severance for non-change-of-control terminations (1x base salary plus target bonus) and a "best-net" 280G tax cut-back provision.
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