other material
confidence high
sentiment neutral
materiality 0.50
MediaAlpha enters severance agreements with two named executive officers
MediaAlpha, Inc.
- Agreements with Jeffrey Coyne and Cathy Cunningham effective June 21, 2022.
- 12 months' base salary severance (18 months on change of control); prorated annual bonus; COBRA coverage.
- Change-of-control trigger: within 3 months before or 12 months after, severance multiplier increases to 1.5x.
- All time-based equity awards vest fully on change-of-control qualifying termination.
- Severance conditioned on release of claims and compliance with non-compete/non-solicitation covenants.