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

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.