other material
confidence high
sentiment neutral
materiality 0.50
Acasti Pharma enters new employment agreement with CEO Prashant Kohli
Grace Therapeutics, Inc.
- Annual base salary of $500,000 and eligible for discretionary bonus up to 50% of base.
- Severance of 12 months' base salary if terminated without cause (including after change of control).
- Subject to board approval, may receive stock options under the company's equity incentive plan.
- 12-month non-compete and non-solicitation clauses; standard benefits and vacation included.