Twilio adopts Executive Incentive Compensation Plan for named executive officers

TWILIO INC

Plan approved by Compensation and Talent Management Committee on Nov 30, 2023.
Permits cash or equity incentive awards tied to performance goals; target awards and bonus pools set by Administrator.
Administrator retains discretion to increase, reduce, or eliminate actual awards before payout.
Payment conditional on employment through payout date unless death or disability; plan subject to clawback policy.
Plan is effective immediately and remains in effect until terminated by Administrator.

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