NYT adopts executive severance plan; amends CEO contract with enhanced change-in-control benefits

NEW YORK TIMES CO

Executive Severance Plan grants 52 weeks base pay for Exec Committee members; 26-52 weeks for other Section 16 officers.
CEO Meredith Kopit Levien excluded from plan; receives amendment extending non-solicitation to 18 months and updating non-compete.
On Change in Control, Exec Committee members get 1.5x cash severance; CEO gets 2x base salary plus 2x target bonus.
Plan effective Jan 15, 2026; replaces prior severance agreements for participants; includes restrictive covenant requirement.

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