Exhibit 10.62
CSG SYSTEMS INTERNATIONAL, INC. EXECUTIVE SEVERANCE PLAN
Participation Agreement
This Participation Agreement (this “Agreement”) is made and entered on the 28th day of March, 2023 (the “Effective Date”), by and between CSG Systems International, Inc. (“CSGS”) and Kenneth Michael Kennedy, Chief Operating Officer and President – Revenue Management and Digital Monetization of CSGS (“Executive”).
Background
Statement of Agreement
For and in consideration of the promises made in this Agreement and for other good and valuable consideration, the parties hereto agree as follows:
For purposes hereof, “disability” means Executive becomes incapable by reason of physical injury, disease, or mental illness of substantially performing his duties and responsibilities for the Company, with or without a reasonable accommodation, for (i) a continuous period of 6 months or more, or (ii) 180 days in the aggregate (whether or not consecutive) during any 12-month period.
IN WITNESS WHEREOF, the CSGS has caused its duly authorized officer to execute this Agreement, and the Executive has executed this Agreement, on the dates set forth below.
EXECUTIVE | CSG SYSTEMS INTERNATIONAL, INC. |
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By: /s/ Kenneth M. Kennedy | By:_/s/ Elizabeth A. Bauer |
Name: Kenneth M. Kennedy | Name: Elizabeth A. Bauer |
| Title: Chief Experience Officer |
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Exhibit A
Please see attached for the 2023 Executive Severance Plan *
* Note that the 2023 Executive Severance Plan is filed as Exhibit 10.60 to CSG’s Quarterly Report on Form 10-Q for the period ended March 31, 2023.