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ChargePoint Holdings (CHPT) just unveiled an update.
ChargePoint Holdings, Inc. has established new severance plans for its key management and senior employees, providing financial protection in case of termination without cause. These plans outline severance benefits, including cash payments based on salary and bonus, COBRA premium payments, and the acceleration of equity award vesting. The plans are designed to offer stability to executives and senior vice presidents or vice presidents, with enhanced benefits if a termination occurs during a change in control period.
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