other material
confidence high
sentiment neutral
materiality 0.60
VeriSign renews .net Registry Agreement with ICANN through June 2029 on same terms
VERISIGN INC/CA
- Renewed .net Registry Agreement runs through June 30, 2029, no changes to material terms.
- Pricing provisions allow up to 10% annual price increase on .net domain name registration with proper notice.
- VeriSign must collect $0.75 fee per .net domain on ICANN's behalf.
- Agreement maintains six-year term, same service levels, termination and renewal terms as 2017 agreement.