Kaltura adopts Severance Plan; CEO gets 12-month salary on qualifying termination

KALTURA INC

Plan covers key employees for Qualifying Termination (no cause/good reason) and Qualifying CIC Termination.
CEO Ron Yekutiel: 12-month base salary continuation + prorated bonus + 12-month COBRA; on CIC: 18-month base salary lump sum + 150% target bonus + full equity acceleration.
CFO John Doherty, CPO Eynav Azariya, CCO Natan Israeli: 6-month base salary continuation + 6-month COBRA; on CIC: 8-month base salary lump sum + prorated target bonus + full equity acceleration.
Severance supersedes prior notice provisions in executive agreements; requires execution of release.

item 5.02item 9.01

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