Amcor said it adopted an Executive Change in Control Severance Plan for covered executives, including its named executive officers, effective September 23, 2025.

1. 01

   Amcor said it adopted an Executive Change in Control Severance Plan for covered executives, including its named executive officers, effective September 23, 2025.

2. 02

   The company said the CIC Plan provides "double trigger" severance protection, which applies when a qualifying termination of employment occurs in connection with a change in control.

3. 03

   The company said severance at the time of a change in control and a related termination without cause or resignation for good reason would include cash severance equal to a multiple of base salary and target annual bonus: 2x for the Chief Executive Officer and 1x for other officer participants.

4. 04

   The company said severance benefits also include a pro rata bonus for the year in which the termination occurs, accelerated vesting of equity awards, and a limited period of post-employment healthcare coverage for U.S. participants.

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