leadership
confidence high
sentiment neutral
materiality 0.35
ICU Medical amends CEO Vivek Jain's contract: base salary $775K, enhanced equity vesting
ICU MEDICAL INC/DE
- CEO Jain's base salary to $775,000 under amended employment agreement effective March 1, 2022 through March 2025.
- Upon involuntary termination, equity awards granted Jan 2020-Dec 2021 vest fully (performance at target).
- For termination near a change in control (60 days before to 2 years after), all time-based equity awards vest in full.
- Agreement term until March 1, 2025, with automatic one-year renewals unless 60 days' notice.