Sweetgreen adopts severance plan; CEO/CFO get enhanced change-in-control benefits

Sweetgreen, Inc.

Effective Aug 27, 2026, Sweetgreen adopted a Severance Plan for designated executives.
CEO Jonathan Neman and Chief Concept Officer Nicolas Jammet designated Tier I; CFO Jamie McConnell and COO Jason Cochran Tier II.
On change-in-control termination, Tier I gets 1.5x salary, Tier II 1x; plus pro-rata bonus, COBRA up to 18/12 months, full vesting of time/performance-satisfied equity.
Non-CIC termination: Tier I 1x, Tier II 0.5x salary, pro-rata bonus, COBRA 12/6 months.
Plan supersedes prior severance provisions in employment agreements unless participation agreement says otherwise.

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