other
confidence high
sentiment neutral
materiality 0.30
TTEC formalizes employment agreement with CAO and interim CFO Francois Bourret
TTEC Holdings, Inc.
- Base salary of $400,000; annual bonus target up to 40% of base salary; equity grant opportunity up to 40% of base salary.
- One-time retention cash bonus of $300,000 payable in three installments (25% Oct 2023, 25% Mar 2024, 50% Dec 2024).
- Severance: 12 months base salary continuation for without-cause termination; change-in-control severance of 1x base salary lump sum.
- Agreement effective September 27, 2023, memorializing terms previously disclosed in October 3, 2023 8-K.