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Actionable news in VNTV: VANTIV Inc,

Departure of Directors or Certain

.

Board

) of Vantiv, Inc. (the

Company

) approved and adopted certain amendments to the Vantiv, LLC Executive Severance Plan (the

Plan

). The amendments to the Plan were adopted as part of the Companys ongoing effort to maintain an executive compensation program that is consistent with competitive practices.

The amendments provide the Chief Executive Officer, Executive Officers and Senior Officer participants, respectively, with severance payments equal to 1.5x the sum of base salary plus target bonus for the year of termination, 1x the sum of base salary plus target bonus for the year of termination and 0.5x the sum of base salary plus target bonus for the year of termination in the case of a Qualifying Terminat ion (as defined in the Plan) outside a Change of Control Protection Period, and severance payments equal to 2x the sum of base salary plus target bonus for the year of termination, 2x the sum of base salary plus target bonus for the year of termination and 1x the sum of base salary plus target bonus for the year of termination in the case of a Qualifying Termination within a Change of Control Protection Period. In addition, Participants are entitled to receive their...


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