Spok Holdings enters severance agreement with CFO Calvin Rice providing enhanced benefits

Spok Holdings, Inc

CFO Calvin Rice entered severance agreement effective Aug 15, 2023, approved by Compensation Committee.
Pre-change termination without cause: 26 weeks base salary plus 2 weeks/year up to 52 weeks, pro-rated bonus, COBRA.
Post-change termination: lump sum of 1.5x salary plus 2 weeks/year up to 2x salary, target bonus, COBRA 18 months.
Agreement includes 12-month non-compete and non-solicitation covenants.

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