Q2 Holdings enters amended executive employment agreements with enhanced severance for CEO and NEOs

Q2 Holdings, Inc.

CEO Flake: non-CIC severance of 200% salary + pro-rata target bonus over 24 months; CIC severance 250% salary lump sum, full equity vesting, COBRA up to 30 months.
Other NEOs (Mehok, Blue, Furrer, Breeden): non-CIC severance of 150% salary + pro-rata target bonus over 18 months; CIC severance 200% salary lump sum, full equity vesting, COBRA up to 24 months.
New agreements impose non-compete/non-solicitation covenants: 24 months for CEO, 18 months for other NEOs.
Agreements dated September 23-24, 2021; replace prior employment agreements and condition benefits on release of claims.

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