Everspin formalizes employment terms for CTO Sanjeev Aggarwal and Interim CFO Anuj Aggarwal

EVERSPIN TECHNOLOGIES INC.

Sanjeev Aggarwal to continue as CTO/VP Technology at $276K base salary, eligible for bonus up to 50%.
Anuj Aggarwal to continue as Interim CFO at $210K base salary, eligible for bonus up to 50%.
Severance includes 12 months base salary continuation, COBRA premiums, and accelerated equity vesting.
Agreements effective April 3, 2021 (Sanjeev) and July 2, 2021 (Anuj); supersede prior offer letters.

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