Beachbody enters severance letter with President Michael Neimand: 0.5x salary (1x on CIC), equity vesting acceleration

Beachbody Company, Inc.

Severance equal to 0.5x base salary (1x if termination within 12 months after change in control), paid over 6 months.
Health insurance subsidy for 12 months; additional 12 months vesting on time-vesting equity (full acceleration on change in control).
Severance conditioned on signing a general release of claims; cause and good reason definitions standard.
Letter executed April 10, 2024; does not modify salary, benefits, or at-will status.

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