leadership
confidence high
sentiment neutral
materiality 0.30
Precigen enters continuing employment agreements with CFO and COO providing 12-month severance
PRECIGEN, INC.
- CFO Harry Thomasian Jr. and COO Rutul R. Shah entered continuing employment agreements approved Feb 2, 2024.
- Severance payment equals 12 months base pay upon termination without cause or for good reason.
- Company will cover COBRA premiums for up to 12 months following qualifying termination.
- Agreements are substantially similar to those for other named executive officers (excluding CEO).