Verra Mobility adopts new Annual Incentive Plan for 2025, replacing prior short-term plan

VERRA MOBILITY Corp

New AIP effective Jan 1, 2025; supersedes Second Amended and Restated Short-Term Incentive Plan.
Bonuses based on company performance factors (e.g., adjusted EBITDA, revenue) and individual performance multiplier.
Bonuses require achievement of an EBITDA threshold before any company-performance-based payout.
Participants include named executive officers; Compensation Committee approves targets for CEO and ELT.
Plan may be amended or terminated at any time by Compensation Committee.

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