DocuSign, Inc. announced amendments to its Executive Severance and Change in Control Agreements, effective January 15, 2025. These amendments make permanent certain enhancements for qualifying terminations of employment that were previously set to expire on December 31, 2024. The updated agreements cover Blake Grayson (Chief Financial Officer), Robert Chatwani (President and General Manager, Growth), and James Shaughnessy (Chief Legal Officer).

For qualifying terminations outside a change-in-control period, each covered officer will receive 12 months of base salary, 12 months of COBRA coverage, 100% of their target bonus, and 12 months of equity vesting acceleration. During a change-in-control period, the same benefits apply, but equity vesting acceleration increases to 100%.

These agreements do not constitute employment contracts but ensure severance benefits under specified conditions. The enhancements are subject to each officer providing a release of claims in favor of DocuSign.