Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On September 9, 2021, Altice USA, Inc. (the "Company") and Abdelhakim Boubazine
mutually agreed to Mr. Boubazine's resignation as President, Telecom and Chief
Operating Officer of the Company effective September 9, 2021 and entered into a
Transition Agreement (the "Transition Agreement") pursuant to which Mr.
Boubazine will serve as a Senior Advisor to the Company's Chief Executive
Officer through December 31, 2021 (the "Separation Date").
While employed as a Senior Advisor to the Company's Chief Executive Officer, Mr.
Boubazine will continue to receive his base salary in effect immediately prior
to his resignation and be eligible to participate in the Company's benefit plans
subject to the terms thereof. Prior to the Separation Date, Mr. Boubazine's
previously granted Company stock options will continue to vest under the terms
of the Altice USA 2017 Long Term Incentive Plan and his applicable award
agreements.
Following the Separation Date, Mr. Boubazine will have the right to receive (i)
payment of one year of his most recent annual base salary, payable over a
12-month period, (ii) payment of his 2021 annual bonus in March 2022 based on
salary paid in 2021, as determined by the Company at the time based on the
business performance of the Company, and (iii) three months of
Company-subsidized COBRA coverage. Mr. Boubazine's entitlement to the payments
and benefits described in the foregoing sentence are subject to his execution
and non-revocation of a form of separation agreement (the "Separation
Agreement"). Mr. Boubazine will be subject to confidentiality covenants, as well
as a 12-month post-termination covenant not to compete and 12-month covenant not
to solicit employees, customers and vendors. In addition, each of Mr. Boubazine
and the Company agree to release claims against the other party.
The above description of the Transition Agreement and Separation Agreement is a
summary and the full text of the agreement will be filed with the Company's
Quarterly Report on Form 10-Q.
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ALTICE USA, INC. 
