ServiceNow CEO Bill McDermott commits to stay through at least 2030; severance policy updated

ServiceNow, Inc.

Amendment effective Jan 1, 2026: McDermott will serve through Dec 31, 2030 as CEO, co-CEO, Exec or Non-Exec Chairman at Board discretion.
In CEO/co-CEO role total comp tied to peer-group performance; as Exec Chairman comp commensurate with responsibilities.
Severance on CIC termination: 2x base salary+target bonus, COBRA 24 months, full vesting of unvested RSUs and PRSUs (at actual).
Retirement after age 65: pro-rata vesting of time-based RSUs from awards granted >=1 yr prior; unvested PRSUs vest at actual at end of period.
Death triggers full vesting of all unvested RSUs and PRSUs at target; Disability provides continued vesting based on actual performance.

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