Henry Schein adopts executive severance plan with 1.5x multiple for officers; revises change-in-control plan

HENRY SCHEIN INC

Compensation Committee approved Executive Severance Plan effective April 10, 2025, covering members of Executive Management Committee (except CEO).
Severance multiples: 1.5x base salary+avg bonus for executive officers; 1.0x for others; paid over severance period.
Requires release of claims; includes pro-rata bonus, equity acceleration, COBRA subsidy up to 18 months, outplacement.
Contains non-compete, non-solicit, non-disparage covenants; violation triggers forfeiture and recoupment.
Amended CIC Plan adds non-duplication language to reduce benefits by any severance already paid under Severance Plan.

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