Netflix amends Performance Bonus Plan, removes 162(m) limits, adds prorated payout on involuntary termination

NETFLIX INC

Eliminated maximum award amount and references to Section 162(m) of the Internal Revenue Code.
Provides prorated bonus for involuntary termination (other than for Cause) during a Performance Period.
Grants Compensation Committee discretion on payment timing and ability to amend the Plan.
Awards subject to any applicable clawback or recoupment policies.
Allows Committee to set performance goals including revenue, subscriber metrics, profit, cash flow, stock price, etc.

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