Exhibit 10.3 EMPLOYMENT AGREEMENT Secure Identity, LLC (the "Employer" and the Employer together with its parents, subsidiaries, and affiliated entities are referred to as the "Company"), and Jennifer Hsu ("Executive") (collectively, the "Parties") agree to enter into this EMPLOYMENT AGREEMENT dated as of February 20, 2025 (this "Agreement") as follows: 1. Employment. The Employer hereby agrees to employ Executive, and Executive hereby agrees to be employed by the Employer, upon the terms and subject to the ...

Core Insights - Ken Cornick, Co-Founder, President, and CFO of CLEAR, is stepping down from his executive roles and transitioning to an advisory position, having been instrumental in the company's growth from 190,000 members in 2010 to over 30 million members today [1][4] - Michael Barkin has been appointed as the new President of CLEAR, effective March 31, 2025, bringing extensive experience from his previous roles, including Executive Vice President and CFO at Vail Resorts [2][4] - Jen Hsu will take over as Chief Financial Officer, also effective March 31, 2025, with a strong background in corporate finance and investor relations from her time at Chewy, JPMorgan, and Goldman Sachs [3][4] Company Overview - CLEAR's mission focuses on creating frictionless experiences for its members, with a secure identity platform that enhances safety and ease in various environments, including travel and digital interactions [5] - The company emphasizes privacy, ensuring that members retain control over their information and that their data is not sold [5]

NEW YORK, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Clear Secure, Inc. (NYSE: YOU), the secure identity platform, has posted a shareholder letter containing its 2024 fourth quarter and full year financial results on its Investor Relations website at https://ir.clearme.com. CLEAR will host a conference call to discuss those results at 8:00 AM (ET) today. Investors and analysts can access the live teleconference call by dialing toll-free 877-407-3089 for U.S. participants and +1-215-268-9854 for international partici ...

New enrollment location offers convenient option for consumers to enroll or renew in TSA PreCheckNEW YORK, Feb. 25, 2025 (GLOBE NEWSWIRE) -- CLEAR (NYSE: YOU), an authorized TSA PreCheck® enrollment provider, continues to expand locations outside the airport environment to enroll and renew consumers in the Trusted Traveler program by opening a new location at Plaza Las Américas in San Juan, Puerto Rico. This marks CLEAR’s first non-airport location in San Juan for TSA PreCheck enrollment and renewal service ...

Company Overview - Clear Secure (YOU) shares increased by 5.2% to $23.55, following a period of 7% loss over the past four weeks, indicating a significant recovery in stock performance [1] - The company is experiencing strong membership growth, increased TSA PreCheck enrollments, strategic enterprise partnerships, and enhanced operational efficiency, which are contributing to higher retention rates and free cash flow [1] Earnings Expectations - Clear Secure is projected to report quarterly earnings of $0.28 per share, reflecting a year-over-year increase of 64.7% [2] - Expected revenues for the upcoming quarter are $203.45 million, representing a 19% increase compared to the same quarter last year [2] Market Trends - The consensus EPS estimate for Clear Secure has remained stable over the last 30 days, suggesting that stock price movements may not sustain without changes in earnings estimate revisions [3] - Clear Secure holds a Zacks Rank of 3 (Hold), indicating a neutral outlook in the current market context [3] Industry Comparison - Clear Secure operates within the Zacks Internet - Software industry, where another company, Blend Labs (BLND), has also maintained a Zacks Rank of 3 (Hold) [3][4] - Blend Labs is expected to report an EPS of $0.01, which is a 114.3% increase from the previous year, but has not seen changes in its consensus EPS estimate over the past month [4]

Core Points - Clear Secure, Inc. declared a quarterly dividend of $0.125 per share and a special cash dividend of $0.27 per share, payable on March 18, 2025, to holders of record as of March 10, 2025 [1] - The dividends will be funded from cash distributions made by Alclear Holdings, LLC, which include mandatory tax distributions and discretionary distributions [2] - The Board authorized a $200 million increase to the existing Class A Common Stock share repurchase program, resulting in an aggregate remaining authorization of approximately $232 million after using approximately $68 million [3] Future Considerations - The declaration, timing, and amount of future dividends will depend on various factors including the Company's operational results, cash flows, financial position, capital requirements, and general business conditions [4] - The timing and actual number of shares repurchased will be determined by management based on stock price, trading volume, market conditions, and other business considerations [4] Company Overview - CLEAR's mission is to create frictionless experiences, with over 27 million members and a growing network of partners globally [5] - The identity platform aims to transform everyday experiences, ensuring members have control over their information and that member data is not sold [5]

Company Overview - Clear Secure, Inc. (NYSE: YOU) is a secure identity company focused on creating frictionless experiences for its members [3] - The company has over 27 million members and a growing network of partners globally [3] - CLEAR's identity platform aims to transform everyday experiences in travel, work, and leisure by enhancing security and ease of use [3] Financial Results Announcement - Clear Secure will report its financial results for the fourth quarter and full year ending December 31, 2024, on February 26, 2025, at approximately 6:00 a.m. ET [1] - A live webcast and teleconference to discuss the results will take place at 8:00 a.m. ET on the same day [1] Investor Access - Investors and analysts can join the live teleconference by calling toll-free 877-407-3089 for U.S. participants and +1-215-268-9854 for international participants [2] - A replay of the webcast will be available on the investor relations website after the event [2]

Group 1 - Clear Secure's stock closed at $23.13, reflecting a +0.57% change, outperforming the S&P 500's gain of 0.03% [1] - The company has experienced a 13.21% decline in stock price over the past month, while the Computer and Technology sector gained 2.31% and the S&P 500 increased by 4.19% [1] Group 2 - The upcoming earnings per share (EPS) for Clear Secure is projected at $0.28, indicating a 64.71% increase year-over-year [2] - Revenue is estimated to be $203.45 million, representing a 19% increase compared to the same quarter last year [2] Group 3 - Recent revisions to analyst forecasts for Clear Secure are important as they reflect short-term business trends and analysts' confidence in the company's performance [3] - The Zacks Rank system, which incorporates estimate changes, provides actionable ratings and has a history of outperforming the market [4][5] Group 4 - Clear Secure has a Forward P/E ratio of 18.02, which is a discount compared to the industry's average Forward P/E of 30.99 [6] - The Internet - Software industry, part of the Computer and Technology sector, ranks in the top 30% of all industries according to the Zacks Industry Rank [6]

Core Insights - CLEAR has announced the integration of its identity verification solution within Epic's "Identity Verification for MyChart" Toolbox, aimed at enhancing patient identity verification and security of health information [1][2][3] Integration and Benefits - The integration provides health systems with a turnkey solution for accurate, seamless, and secure patient identity verification processes, reducing administrative burdens and enhancing cybersecurity [2][5] - Over 290 million patients with electronic records in Epic can benefit from this integration, which simplifies account creation and recovery workflows through automated verification [3][5] - Health systems can customize verification flows with over 60 verification checks, including document-based identity verification, enhancing the consumer experience in healthcare [4] User Experience - Existing CLEAR users can verify their identity instantly using a selfie, while new users can enjoy a similar experience after a one-time setup [5] - The integration aims to streamline patient experiences, maximize security, and minimize friction in healthcare interactions [5][6] Security and Efficiency - The integration strengthens security at critical touchpoints like account creation and recovery, protecting patient data from cyber threats [7] - CLEAR's identity verification solution is designed to be implemented quickly without disrupting existing workflows, promoting operational efficiency [7] Market Context - In 2024, over 600 healthcare data breaches occurred in the U.S., with an average cost of $5 million per breach, highlighting the need for enhanced security measures in healthcare [5]

Company Overview - CLEAR is launching its identity verification technology at Portland International Airport (PDX), aiming to enhance travel experiences in Oregon [1] - The launch is expected to create 53 jobs and generate over $3 million annually in local economic impact [1] - CLEAR serves a total of 59 airports and has over 27 million members, providing expedited identity verification through dedicated lanes [2] Service Details - CLEAR Plus membership costs a little over $16 per month, with discounts available for certain airline members and military personnel [3] - Members can verify their identity using biometric data, such as eyes or fingerprints, which streamlines the security process at airports [2] Community Impact - The addition of CLEAR at PDX aligns with the city's commitment to consumer rights and responsible technology use, enhancing the traveler experience while respecting local policies [2] - The Port of Portland is focused on economic growth and accessibility, aiming to include underserved communities in the region's development [4]