PROCEPT BioRobotics modifies severance for non-CEO execs: severance doubled to 12 months, lump sum on change of control

PROCEPT BioRobotics Corp

Severance period for non-CEO execs increased from 6 to 12 months for termination without cause not tied to a change of control.
Upon change of control, performance-based equity awards will vest at no less than target performance level.
Cash severance payments for change of control termination changed from installments to single lump sum.
Eligible executive officers will be asked to sign new agreements reflecting these changes; CEO terms unaffected.

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