On March 23, 2026, Clarivate PLC's Board of Directors approved the Amended and Restated Executive Severance Plan (A&R Executive Severance Plan), which will provide severance payments to members of the Executive Leadership Team, including named executive officers, upon termination under specified circumstances. This plan updates the original Executive Severance Plan adopted on June 30, 2021, maintaining similar terms but with notable changes. The A&R Executive Severance Plan allows for severance payments upon a 'Qualifying Termination,' which includes terminations for 'good reason' in connection with a change in control. Key changes include the eligibility of the CEO as an ESP Participant and provisions for severance payments upon termination for good reason. The plan also outlines the treatment of restricted stock units (RSUs) upon termination, ensuring that outstanding and unvested RSUs will vest under certain conditions. The plan is designed to align with the company's governance and compensation strategies, providing clarity and support for executive transitions.

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