Vera Bradley signs severance agreements with COO-CFO Layding, brand chief Paraie
VRA•Legal-fee reimbursement
Vera Bradley will reimburse Layding up to $5,000 for legal fees tied to negotiating the agreement.
Executive severance agreements filed
Vera Bradley entered executive severance plan agreements on July 24, 2026 with CFO and COO Martin Layding and Chief Brand Officer Melinda Paraie.
Termination without cause or for good reason triggers 12 months of base-salary severance, an earned prior-year bonus, and a prorated current-year bonus.
Benefits and change-in-control provisions
Benefits also include up to 12 months of COBRA premium payments, accelerated vesting for sign-on RSUs, and prorated vesting for other RSUs through Jan. 31, 2028.
A change-in-control window adds six months of base salary if termination occurs within six months before or 24 months after a deal.
