Universal Display amends CFO's change-in-control agreement to eliminate tax gross-up

UNIVERSAL DISPLAY CORP PA

On May 31, 2023, Universal Display and CFO Brian Millard amended his Change in Control Agreement.
The amendment eliminates the provision that would pay a tax gross-up for excise tax under Section 4999.
Section 9 of the agreement is deleted and replaced with "[Intentionally Omitted]".
Consideration for the amendment was $10.00 in cash.
The amendment is effective immediately; all other terms of the agreement remain unchanged.

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