On August 6, 2025, Carnival said it entered into compensation protection and restrictive covenants agreements with Josh Weinstein, Chief Executive Officer, David Bernstein, Chief Financial Officer, Bettina Deynes, Chief Human Resources Officer, and Enrique Miguez, General Counsel.

1. 01

   On August 6, 2025, Carnival said it entered into compensation protection and restrictive covenants agreements with Josh Weinstein, Chief Executive Officer, David Bernstein, Chief Financial Officer, Bettina Deynes, Chief Human Resources Officer, and Enrique Miguez, General Counsel.

2. 02

   The company said that in the event of termination without Cause, the severance will equal the sum of 2 times (for the CEO) or 1 times (for the other officers) the annualized base salary, and 2 times (for the CEO) or 0.5 times (for the other officers) the annual target cash bonus.

3. 03

   Carnival said the severance will be paid in equal installments over 2 years for the CEO or 1 years for the other officers, and the right to receive severance is conditional on the officer's execution of a customary waiver and general release.

4. 04

   The company said the agreements include confidentiality, non-competition, non-disparagement and non-solicitation restrictive covenants, with the non-competition and non-solicitation covenants applying for 2 years for the CEO or 1 years for the other officers following termination, regardless of the reason.

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