Adeia enters new change-in-control severance agreements with CEO and four other officers

Adeia Inc.

CEO Paul Davis receives 200% of base salary plus target bonus upon termination within 3 months before or 12 months after a change in control.
CFO Keith Jones, CLO Kevin Tanji, and two other NEOs receive 100% of base salary plus target bonus under similar conditions.
Agreements have a 3-year initial term with automatic one-year renewals and extend 12 months after a change in control.
Severance payments require execution of a general release and continued compliance with confidentiality covenants.
Equity awards accelerate vesting upon a qualifying termination within the change-in-control window, with performance awards at target.

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