Payoneer Unveils Executive Change-in-Control Severance Plan

Reuters
2025.12.03 21:22
portai
I'm PortAI, I can summarize articles.

Payoneer Global Inc. has introduced a Change in Control Severance Plan for executives, offering lump sum payments, medical coverage, and equity vesting upon termination post-change in control. The CEO and CFO may join if they sign a participation agreement. This AI-generated brief is based on Payoneer's original content from EDGAR, dated December 3, 2025.

Payoneer Global Inc. has adopted a new Change in Control Severance Plan for its executives, including named executive officers. Under the plan, eligible participants who are terminated without cause or resign for good reason following a change in control will receive a lump sum cash payment equal to their annual base salary plus target bonus, up to 12 months of continued medical and dental coverage at active employee rates, and immediate vesting of outstanding time-based equity awards. Treatment of performance-based awards will be handled according to their respective award agreements, with time-vesting conditions deemed satisfied at termination. The Chief Executive Officer and Chief Financial Officer are not currently included in the new plan, but may become eligible if they sign a participation agreement. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Payoneer Global Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950103-25-015693), on December 03, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here