other material
confidence high
sentiment positive
materiality 0.30
Booking Holdings adopts policy limiting cash severance for execs to 2.99x salary plus bonus
Booking Holdings Inc.
- Policy caps cash severance for executive officers at 2.99 times annual base salary plus target bonus.
- Adopted by Compensation Committee on April 5, 2023; effective immediately.
- Policy requires stockholder approval to exceed 2.99x threshold.
- No change to existing arrangements; applies to future severance terms.