TTEC Holdings Inc

As previously disclosed in the 2023 proxy materials, in 2022, the Compensation Committee approved a one-time equity incentive program, known as the VCP, which was designed to create an opportunity for a few senior executives, including some of the NEOs, to receive equity grants aligned to stretch revenue and adjusted EBITDA for the Company and measured based on the Company’s performance during the 2022 through 2025 period. Executives were selected to participate in the program based on their direct ability to impact the performance of the business during the measurement period. Based on the Company’s expected performance in 2025, the Compensation Committee has determined that the Company would not reach the minimum performance thresholds in either Revenue or adjusted EBITDA for the VCP measurement period. Therefore, no awards will vest nor become payable under this incentive program in 2026.