Twilio Inc.
Twilio Inc. Amends Executive Severance Plans
Summary
On September 30, 2024, Twilio Inc.'s Compensation and Talent Management Committee amended the Company's Amended Chief Executive Officer Severance Plan and the Company's Senior Executive Severance Plan. The amendments provide that a specified percentage of the participant's annual target bonus will be payable upon a qualifying termination in connection with a change in control. Eligible participants will receive a lump sum cash payment, monthly cash payments for COBRA health continuation, and full accelerated vesting of all outstanding and unvested equity awards, subject to certain conditions.
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Exhibits (2)
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About Twilio Inc.
Twilio Inc. is a cloud communications platform company that empowers developers to build and manage software communications solutions. Known for its robust application programming interfaces (APIs), Twilio facilitates voice, messaging, video, and email functions for a myriad of applications, making communication simple and programmable. The platform serves a wide array of industries, including retail, healthcare, education, and finance, enabling these sectors to seamlessly integrate communication services into their applications. Founded in 2008, Twilio has established itself as a key enabler of digital transformation, providing scalable and reliable communication technology to businesses of all sizes. Through its pioneering technology, Twilio continues to play a pivotal role in the evolution of customer engagement strategies, supporting companies worldwide in crafting personalized connections with their clients and users. It is known for its customer-centric approach, continuously evolving its services to meet the dynamic needs of the global communications market.
Official SEC Documents
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