Cirrus Logic amends exec severance plan; CEO gets 200% target bonus on change-of-control termination

CIRRUS LOGIC, INC.

Compensation Committee approved amendments on Jan 20, 2022 to Executive Severance and Change of Control Plan.
CEO receives 200% of annual target bonus (other execs 100%) plus prorated bonus upon change-of-control termination.
CEO's COBRA cash payment extended to 18 months; for non-change-of-control termination, CEO gets 12 months, others 6.
Added recoupment provision allowing clawback of severance plus interest if subsequently discovered Cause.
Definitions of Cause and Good Reason updated to specify additional circumstances triggering or excluding severance.

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