Sweetgreen adopts severance plan with change-in-control payouts for top executives - SG News | RalliesSweetgreen adopts severance plan with change-in-control payouts for top executives
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SG• Sweetgreen adopts severance plan
- Sweetgreen adopted a severance plan effective Aug. 27, 2026, covering designated Tier I and Tier II participants.
- Change-in-control exits: Tier I gets 1.5x base salary; Tier II gets 1x, with pro rata target bonus.
- Change-in-control terms also provide COBRA premium coverage up to 18 months for Tier I, 12 months for Tier II.
- Equity awards accelerate on qualifying change-in-control terminations, including time-vesting awards and performance-satisfied awards.
- Outside change-in-control: Tier I gets 1x base salary; Tier II gets 0.5x, with shorter COBRA coverage.
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