other material
confidence high
sentiment neutral
materiality 0.30
Rocket Pharma adopts severance program; new CEO/GC/COO employment agreements
ROCKET PHARMACEUTICALS, INC.
- CEO Gaurav Shah gets $674,856 base salary, 60% target bonus; 15-month severance (non-CIC) and 18-month (CIC).
- GC Martin Wilson gets $547,313 base salary, 45% target bonus; 12-month severance, plus 12-month CIC terms.
- COO Christopher Stevens amendment: 12-month base salary severance, CIC terms include target bonus and prorated bonus.
- New severance program covers all eligible US employees; CEO gets 15/18 months, ELT 12 months, VPs 6/9 months, etc.