Balchem adopts executive severance policy and enhances deferred comp match for officers

BALCHEM CORP

New Executive Severance Policy provides cash severance (multiple of salary plus target bonus) and COBRA for termination without Cause or Involuntary Termination within Change in Control (CIC) Period.
Outside CIC: cash paid in installments over Severance Period; equity treated per award terms. Within CIC: equity accelerates fully (time-based) and performance at target.
Company will match executive contributions to deferred compensation plan up to 6% of base salary, matching the 401(k) plan percentage.
Severance conditioned on signing a separation agreement with restrictive covenants including non-compete and non-solicit.
Policy effective February 12, 2025; Committee retains authority to interpret and amend.

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