Paypal Holdings (PYPL) has released an update.
PayPal, Inc. has reached a Separation Agreement with their Executive Vice President, Aaron Karczmer, who will be leaving the company on April 30, 2024. Karczmer’s departure meets the criteria for a “Qualifying Termination,” which entitles him to severance pay, a bonus, continued health benefits, equity award treatment, and outplacement services. This agreement aligns with the company’s existing Executive Change in Control and Severance Plan, ensuring a comprehensive compensation package in exchange for a release of claims and adherence to certain restrictive covenants.
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