EPAM Systems adopts executive severance plan with cash and equity acceleration

EPAM Systems, Inc.

Plan covers executive officers including CEO and CFO; effective June 23, 2025.
Non-CIC severance: lump sum of 1x base salary plus target bonus, 12 months COBRA, time-based RSU acceleration for next 12 months.
CIC severance: 1.5x (CEO: 2x) base salary plus target bonus, 18 (CEO: 24) months COBRA, full equity acceleration including performance awards at greater of target/actual.
Benefits require execution of release and compliance with restrictive covenants; subject to clawback policy.
Retirement-eligible executives (age 60+ with 5+ years and age+service >=70) also eligible for plan benefits.

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