Five9 extends key employee severance plan through April 2027; terms unchanged

Five9, Inc.

Compensation Committee approved two-year extension of 2019 Key Employee Severance Benefit Plan on Feb 11, 2025.
Plan now expires April 4, 2027 instead of April 4, 2025; no changes to benefit levels or eligibility.
Named executive officers covered: CEO (Tier 1), CFO (Tier 2), COO and EVP Product Engineering (Tier 3).
Benefits include cash severance up to 18 months of base salary plus bonus, COBRA, and full equity vesting upon change-in-control termination.

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