Hagerty adopts executive severance plan and amends employment agreements for five executives

Hagerty, Inc.

New Severance Plan provides 24-month salary continuation for CEO McKeel Hagerty and 18 months for other eligible executives on qualifying termination.
Russell Page enters new employment agreement with base salary of $650,000 and target incentive of 100% of base salary.
McKeel Hagerty's amended agreement sets base salary at $1,200,000 and target incentive at 280% of base salary.
Other executives (McClymont, Ahn, Briglia) receive amended agreements with base salaries of $650,000 and varying equity award targets.
Severance benefits are subject to release of claims and restrictive covenants; no benefits for voluntary resignation without Good Reason.

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