Adobe approved a retention letter providing Louise Pentland specified severance benefits if terminated without Cause or for Good Reason.
| IndividualLouise Pentland | RoleNot disclosed | Type of ChangeRetention letter / Severance arrangement approved | Effective DateApproval on July 14, 2026; severance triggered upon termination date | ReasonNot disclosed | Replacement InfoNot disclosed | Background DetailsNot disclosed | Board/Committee Role ChangesNot disclosed | Severance DetailsLump-sum equal to 12 months base salary plus 100% of target bonus; COBRA premiums for up to 12 months; potential accelerated vesting of 50% of specified RSUs if termination prior to July 15, 2027; accelerated vesting of time-based awards pro rata to Jan 31, 2027 if termination prior to Jan 31, 2027; conditioned on release execution and non-revocation. | Sunset ProvisionProtections expire 12 months after new CEO commences employment |
Original SEC Filing:
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