other material
confidence high
sentiment neutral
materiality 0.50
Opus Genetics amends CEO and CFO employment agreements; enhances severance upon Change in Control
Opus Genetics, Inc.
- CEO Magrath severance multiple raised to 1.5x salary+target bonus on CIC termination; COBRA extended to 18 months.
- CFO Jhaveri severance multiple raised to 1.0x salary+target bonus; COBRA extended to 12 months.
- Magrath also gets prorated target bonus for non-CIC qualifying termination.
- Jhaveri's enhanced sever eligibility expanded to include 3 months prior to a Change in Control.