other material
confidence high
sentiment neutral
materiality 0.30
Minerva Neurosciences amends CEO Luthringer's employment agreement with enhanced severance terms
Minerva Neurosciences, Inc.
- CEO Remy Luthringer to receive 12 months base salary continuation upon termination without cause.
- Pro-rata annual bonus (assumed at 50% of base salary) + accelerated vesting for awards vesting within 6 months.
- Base salary set at $600,096 per year.
- Amendment effective December 13, 2022.