other material
confidence high
sentiment neutral
materiality 0.50
Vista Gold enters consulting deal with ex-SVP Rozelle; $225/hr, $360K change-of-control success payment
VISTA GOLD CORP
- Agreement effective Jan 1, 2024, for one-year term; Rozelle provides transitional technical services as qualified person.
- Compensation at $225/hour, with minimum 200 hours during first six months; no expense reimbursement unless specified.
- Success payment of $360,000 due within 30 days if Vista Gold signs binding change-of-control deal before July 1, 2024.
- On change of control, agreement terminates immediately; Rozelle also gets full vesting of 2023 and March 2024 performance awards.
- Rozelle acknowledges voluntary retirement; transition does not constitute termination without cause under prior employment agreement.