Evolv Technologies Holdings approves severance plan; CEO, CFO get 12-18 months pay

Evolv Technologies Holdings, Inc.

Severance Plan approved Oct 25, effective Jan 1, 2023; covers VPs and above including named execs.
CEO Peter George and CFO Mark Donohue are Tier 1: 12 months salary (no CIC), 18 months (CIC).
Bonus: 100% of target for CEO/CFO; other Tier 1 execs receive pro-rated bonus.
Benefits include COBRA coverage; within change-in-control period lump sum and equity acceleration.
Plan supersedes prior individual severance agreements for eligible employees.

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