Climb Global Solutions adopts executive severance and change in control plan

Climb Global Solutions, Inc.

Board approved Severance Plan on April 14, 2023, with three tiers of benefits tied to seniority.
Plan changes equity vesting from single to double trigger upon change in control for all awards.
CEO Dale Foster designated Tier 1; CFO Andrew Clark, CMO Charles Bass, CIO Vito Legrottaglie designated Tier 2.
Plan replaces prior severance agreements for named executive officers who signed participation agreements on April 20, 2023.
Severance includes base salary continuation, COBRA, pro-rated bonus, and equity acceleration based on tier and termination type.

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