EX-10.1
CBIZ, Inc.
**CBIZ, INC. **
**CHANGE IN CONTROL SEVERANCE PLAN **
*INTRODUCTION *
CBIZ, Inc., hereby establishes the CBIZ, Inc. Change in Control Severance Plan (the “Plan”) to provide for the payment of severance to eligible employees of the Company who suffer a loss of employment under the terms and conditions set forth in the Plan. The Plan shall be effective as of July 28, 2026 (the “Effective Date”) and shall continue until terminated as provided herein.
ARTICLE I
*DEFINITIONS *
The following words used herein shall have the following meanings wherever used in the Plan:
1.1 “Accrued Amounts” means all amounts earned or accrued, but not paid as of the Participant’s Termination Date, including (i) base salary, (ii) reimbursement for reasonable and necessary expenses incurred by the Participant on behalf of the Company prior to the Termination Date, and (iii) accrued but unused paid time-off.
1.2 “Annual Compensation” means the sum of the Participant’s Base Salary and Target Annual Bonus.
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