other material
confidence high
sentiment neutral
materiality 0.40
Sonida Senior Living amends CEO employment agreement; salary to $550K, bonus target 85%
SONIDA SENIOR LIVING, INC.
- Base salary raised to $550,000 from $474,778, effective Jan 1, 2025.
- Target bonus increased to 85% of base salary, up from 75%.
- Non-compete period extended to 18 months; 'Cause' definition expanded with 30-day cure.
- Severance enhanced: 1.5x base+target bonus over 18 months, plus accelerated equity vesting and benefits.