NCR amends exec severance agreements to protect key leaders in potential spin-off/sale

NCR Voyix Corp

CEO Hayford gets CIC-level severance if terminated within 2 years after or 90 days before a qualified transaction.
President Sullivan and EVP Layden get enhanced severance and equity vesting upon a qualified transaction.
CFO Oliver's amendment includes similar protections; if offered CEO role post-transaction and declines, treated as good reason.
Amendments define 'qualified transaction' including spin-off/sale of Commerce or Banking segment, signaling possible break-up.
Pre-2023 equity awards treated as Mutually Agreed Retirement vesting for certain execs under specified conditions.

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