Choice Hotels updates severance agreements; new 2025 SBA form adopted

CHOICE HOTELS INTERNATIONAL INC /DE

Entered updated Non-Competition, Non-Solicitation and Severance Benefit Agreement (2025 SBA) with Chief Segment Officer Raul Ramirez.
2025 SBA provides single lump-sum severance and health-care continuation payment, replaces installment payouts.
Amended existing agreements for Dominic Dragisich, David Pepper, Scott Oaksmith, and Simone Wu to align change-in-control severance with Section 409A.
Amendments add cooperation, protected rights, and tax-withholding clarifications consistent with 2025 SBA.
2025 SBA expected to be used with future executive officers, subject to committee approval.

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