other
confidence high
sentiment neutral
materiality 0.50
American Well amends CCO Weiler's contract; adds severance for voluntary exit after June 2025
American Well Corp
- CCO Weiler gets one-year base salary severance, pro-rata bonus, and equity vest continuation if she voluntarily resigns without Good Reason after June 1, 2025.
- Company also reimbursed Weiler up to $15,000 in legal fees for negotiating the amendment.
- Amendment effective August 16, 2024; new severance terms apply only if she does not accept a new position prior to termination.
- The equity vesting provision accelerates unvested awards that would have vested in the first year after termination.