Summary by Moomoo AI
On February 7, 2024, PayPal Holdings, Inc. announced the departure of Aaron Karczmer, the company's Executive Vice President, Chief Enterprise Services Officer. Karczmer is set to leave the company on April 30, 2024, under a Separation Agreement that qualifies him for severance pay, an Annual Incentive Plan bonus, health benefits, equity award treatment, and outplacement services. This arrangement is consistent with a 'Qualifying Termination' as defined in the company's Executive Change in Control and Severance Plan. The agreement, which includes a release of claims and compliance with restrictive covenants, was detailed in a Form 8-K filed with the SEC and follows the terms outlined in the Plan that was filed on February 8, 2024.
