American Well enters new employment agreement with President of International, Phyllis Gotlib

American Well Corp

Annual salary of $485,000, with 10% designated as special compensation for non-compete/confidentiality.
Target annual cash bonus of 100% of base salary; eligible for equity grants under 2020 plan.
Severance: 1x base salary paid over 12 months upon qualifying termination; equity acceleration near change in control.
Non-compete and non-solicitation restrictions apply for 12 months post-termination.
Agreement replaces prior contract dated Jan 1, 2018, effective April 8, 2022.

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