CPS Technologies enters change-of-control severance agreement with CFO Griffith

CPS TECHNOLOGIES CORP/DE/

Agreement provides 12 months salary continuation to CFO Charles Griffith upon change-of-control termination.
Company will reimburse CFO's COBRA premiums for up to 12 months post-termination.
All unvested stock options held by CFO will accelerate and vest upon change-of-control termination.
CFO subject to 12-month non-compete and non-solicitation restrictions following termination.

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