Palo Alto Networks adopts continued service policy; adds CIC severance for CFO and President

Palo Alto Networks Inc

Continued Service Policy allows SVP+ employees to retain equity vesting if they resign at age 55+ with 5+ years tenure and stay as advisors.
CFO Dipak Golechha and President BJ Jenkins receive change-in-control severance: lump sum base salary, 100% target incentive, 12 months COBRA.
Change-in-control vesting accelerates time-based equity for 12 months post-termination if executive is fired without cause or resigns for good reason.
No guaranteed benefits under the Policy; each award is individually assessed by the Compensation Committee.

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