BigCommerce approves severance: CEO gets 12-mo pay, other execs 6-mo on qualifying termination

Commerce.com, Inc.

Compensation Committee approved severance letters on Aug 9, 2022 for CEO Brent Bellm, CFO Robert Alvarez, CCO Russell Klein, CSO Robert Kaloustian, CTO Brian Dhatt.
Non-CIC qualifying termination: CEO receives 12 months base salary and healthcare; other execs receive 6 months each.
CIC-related qualifying termination (within 3 months before or 18 months after change in control): all execs receive 12 months base salary and healthcare.
Severance conditioned on execution of release and continued compliance with restrictive covenants.
Letters supersede prior salary severance and healthcare agreements but not other benefits like equity acceleration.

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