Paymentus approves severance agreement for Interim CFO and revises director compensation policy

Paymentus Holdings, Inc.

Board approved Change in Control and Severance Agreement for Interim CFO Paul Seamon.
Outside change in control: Seamon gets 6 months base salary and healthcare if terminated without cause or for good reason.
During change in control: lump sum 75% base salary, prorated bonus, 9 months healthcare, equity vesting acceleration.
Board also adopted revised Outside Director Compensation Policy, removing initial $340K RSU grant for new non-employee directors.
Revised policy adds cash compensation for short-term ad hoc board committees; effective Feb 13, 2023.

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