Kinetik adopts Executive Severance Plan with change-in-control benefits

Kinetik Holdings Inc.

Plan effective Feb 28, 2024; covers eligible executives (Tier 1 & Tier 2) and all employees via separate Employee Plan.
Severance includes lump sum based on base salary, target bonus, and years of service; enhanced for Change in Control.
Additional benefits: prorated actual bonus, accelerated equity vesting, and health coverage up to 36 months for Tier 1.
Benefits contingent on release of claims and compliance with restrictive covenants.

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