PRA Group enters new employment agreement with CEO Vikram Atal through Dec 2025

PRA GROUP INC

Employment agreement effective Dec 1, 2023, expires Dec 31, 2025, unless terminated earlier.
Base salary remains $950,000; eligible for annual bonus and equity awards under existing plans.
Severance on without-cause/constructive termination: greater of remaining base salary or 1.5x base (2x on change of control), plus 1.5x target bonus (2x on change of control), plus 24 months COBRA.
Agreement supersedes prior letter agreement dated March 27, 2023.
Contains restrictive covenants: non-solicitation, non-competition, non-disparagement, confidentiality.

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