other material
confidence high
sentiment neutral
materiality 0.30
Clarivate amends executive severance plan; CEO now eligible, good reason triggers added
CLARIVATE PLC
- CEO added as eligible ESP participant under amended severance plan.
- Good reason resignation in connection with change in control qualifies for severance.
- RSU vesting upon non-CIC termination: pre-2027 grants accelerated over 18 months; post-2027 grants prorated.
- Upon CIC termination: all RSUs and PSUs vest in full; PSUs at HRCC-determined performance level.
- Severance multiples: 18 months base + bonus (non-CIC); 24 months (CIC); COBRA lump sum.