On May 14, 2021, Plantronics, Inc. and the Company’s Executive Vice President, General Manager, Products, Thomas Puorro, agreed that Mr. Puorro will transition out of the Company, expected to occur on June 15, 2021 (the ‘Separation Date’). Mr. Puorro will continue to provide services to the Company to ensure an orderly transition of his responsibilities for which he will continue to receive his present base salary and all existing employee benefits through the Separation Date. The Company has engaged an external recruiting firm to identify and evaluate a potential successor. Pursuant to the Company's standard form of executive severance agreement entered into on May 14, 2019 with all then current executives, including Mr. Puorro, Mr. Puorro will receive the following severance benefits in exchange for entering into the Company’s standard severance and release agreement (‘Severance Agreement’): (a) Base salary of 12 months; (b) 100% of target bonus in effect for fiscal year 2022; and (c) Subject to his timely election, the Company will pay COBRA coverage for Mr. Puorro and his eligible dependents, without charge, to the extent required by the American Rescue Plan Act of 2021 (“ARPA”) (which currently applies to periods of eligible COBRA coverage beginning on or after April 1, 2021 and ending September 30, 2021) for the greater of: (a) the period of time required under the ARPA; or (b) a cumulative total (including without limitation any entitlements under the ARPA) of twelve (12) months from the Separation Date (calculated from the first day of the month following his Separation Date) or until such earlier date on which Mr. Puorro becomes eligible for health coverage from another employer. The Severance Agreement will further provide for, among other provisions, a customary general release of claims in favor of the Company and continuing confidentiality, non-disparagement, and non-solicitation obligations. Mr. Puorro will not receive any equity awards for fiscal year 2022 and any equity awards that remain unvested on the Separation Date will be forfeited.