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On January 8, 2024, PayPal Holdings, Inc. disclosed the details of a Separation Agreement with Peggy Alford, the company's Executive Vice President of Global Sales and Merchant Services. The agreement outlines the terms of Ms. Alford's departure from PayPal, which is scheduled for January 31, 2024, following the initial announcement made on December 6, 2023. Under the terms of the agreement, Ms. Alford will receive severance pay, bonuses for fiscal years 2023 and a pro-rata bonus for 2024, health benefits, and equity award treatment, all consistent with a 'Qualifying Termination' as defined in the company's Executive Change in Control and Severance Plan. This plan was previously filed with the SEC in February 2023. The agreement also includes a release of claims and compliance with restrictive covenants.
On January 8, 2024, PayPal Holdings, Inc. disclosed the details of a Separation Agreement with Peggy Alford, the company's Executive Vice President of Global Sales and Merchant Services. The agreement outlines the terms of Ms. Alford's departure from PayPal, which is scheduled for January 31, 2024, following the initial announcement made on December 6, 2023. Under the terms of the agreement, Ms. Alford will receive severance pay, bonuses for fiscal years 2023 and a pro-rata bonus for 2024, health benefits, and equity award treatment, all consistent with a 'Qualifying Termination' as defined in the company's Executive Change in Control and Severance Plan. This plan was previously filed with the SEC in February 2023. The agreement also includes a release of claims and compliance with restrictive covenants.
2024年1月8日，PayPal Holdings, Inc.披露了与该公司全球销售和商业服务执行副总裁佩吉·奥尔福德签订的分离协议的细节。该协议概述了继2023年12月6日首次宣布之后，奥尔福德女士定于2024年1月31日离开PayPal的条款。根据协议条款，奥尔福德女士将获得遣散费、2023财年的奖金和2024年的按比例发放的奖金、健康福利和股权奖励待遇，所有这些都与公司高管控制权变动和遣散费计划中定义的 “合格解雇” 一致。该计划此前已于2023年2月向美国证券交易委员会提交。该协议还包括解除索赔和遵守限制性契约。
2024年1月8日，PayPal Holdings, Inc.披露了与该公司全球销售和商业服务执行副总裁佩吉·奥尔福德签订的分离协议的细节。该协议概述了继2023年12月6日首次宣布之后，奥尔福德女士定于2024年1月31日离开PayPal的条款。根据协议条款，奥尔福德女士将获得遣散费、2023财年的奖金和2024年的按比例发放的奖金、健康福利和股权奖励待遇，所有这些都与公司高管控制权变动和遣散费计划中定义的 “合格解雇” 一致。该计划此前已于2023年2月向美国证券交易委员会提交。该协议还包括解除索赔和遵守限制性契约。
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