Mattel adopts amended executive severance plan with 2.0x/1.5x/1.0x multiples for top officers

MATTEL INC /DE/

Plan effective March 22, 2023; covers CEO, COO, CCO, CFO, and CLO.
CEO: 2.0x severance multiple (24 months); CFO/COO/CCO: 1.5x (18 months); CLO: 1.0x (12 months).
Non-change-of-control severance includes prorata bonus, equity vesting, health coverage, up to $50K outplacement.
Change-of-control termination within 2 years: 2.0x lump sum, full equity acceleration, 2-year COBRA.
CEO, CFO, COO get full acceleration and up to 3-year post-termination option exercise period.

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