Pitney Bowes grants Interim CEO Jason Dies $600k retention payment, enhanced severance

PITNEY BOWES INC /DE/

Base salary $875k unchanged; monthly stipend $60k; target bonus 80% of base salary.
One-time cash payment of $600k payable at 5-month anniversary or earlier upon termination without cause or for good reason.
Severance on qualifying termination: 1.5x base salary plus 1.5x target bonus as lump sum, plus 18 months COBRA.
Early retirement vesting accelerated by one year under applicable benefit plans.
Board adopted new Indemnification Agreements for all directors and executive officers, covering expenses and liabilities.

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