Enact Holdings adopts executive severance plans with enhanced CEO benefits

Enact Holdings, Inc.

CEO Rohit Gupta eligible for 2.0x salary+bonus lump sum under Executive Severance Plan, 2.5x under CIC Plan.
Other EVPs/SVPs get 1.0x (Executive) or 2.0x (CIC) multiplier on salary+bonus on qualifying termination.
Plans also include pro-rata bonus, up to 18 months COBRA, and accelerated vesting of deferred compensation.
Named participants: CEO Gupta, EVP/CFO Mitchell, EVP/GC Stolove; effective February 10, 2022.
Benefits conditioned on release, non-compete (12 months), non-solicit (24 months), and non-disparagement.

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