Omnicell adopts new Executive Severance Plan with enhanced CIC benefits for named officers

OMNICELL, INC.

Plan approved July 30, 2023, covers CEO, EVPs, and SVP (Nchacha Etta, Corey Manley, etc.)
Severance multiples: CEO gets 1.5x base+target outside CIC, 2x inside; EVPs get 1x/1.5x
CIC Protection Period extends 6 months before to 24 months after change in control
Benefits include cash, COBRA subsidies (12-24 months), outplacement, and up to $15k legal fee reimbursement
Plan supersedes prior severance and change-in-control benefit plans

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