Ciena enters renewed change in control severance agreements with executives through Nov 2028

CIENA CORP

Effective Nov 30, 2025, Ciena entered revised change in control severance agreements with CEO Gary Smith, CFO Marc Graff, and other named executives.
Terms substantially equivalent to prior agreements; severance benefits unchanged; fixed term through Nov 30, 2028.
Clarifications include integration with Executive Compensation Clawback Policy and Section 409A compliance.
Previous three-year agreements expired on Nov 30, 2025; renewal is part of standard three-year review cycle.

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