Team Inc. amends executive severance policy, caps change-in-control benefits at 24 months

TEAM INC

Amendment reduces maximum supplemental salary and compensation payments to 24 months for change-in-control-related terminations.
Supplemental bonus payment now calculated using higher of most recent year's actual bonus or two-year average, or target if no bonus earned.
Effective July 7, 2026; applies to covered corporate executive officers.
No departure or appointment of officers reported; only policy amendment.

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