leadership
confidence high
sentiment neutral
materiality 0.65
Immunic CEO Daniel Vitt enters $670,000 retention bonus as board searches for new CEO
IMMUNIC, INC.
- Retention bonus of $670,000 payable if Vitt remains employed through 91st day after new CEO hired.
- Bonus also payable if Vitt is terminated without cause or resigns for good reason before retention date.
- Retention bonus credited against any cash severance due under existing employment agreements.
- Agreement includes mutual non-disparagement covenants between Vitt and the company.