Twilio amends executive severance plans: CEO gets 24mo salary + 200% bonus on change-in-control termination

TWILIO INC

CEO severance on change-in-control termination: lump sum of 24 months base salary plus 200% of target bonus, full equity acceleration.
Senior executives (non-CEO) severance: lump sum of 18 months base salary plus 150% of target bonus, full equity acceleration.
COBRA subsidy extended: CEO up to 24 months, senior execs up to 18 months after qualifying termination.
Performance-vested equity awards deemed satisfied at target level for accelerated vesting under change-in-control.
Amendments approved by Compensation Committee on September 30, 2024; effective upon execution of release.

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