other material
confidence high
sentiment neutral
materiality 0.55
Milestone Scientific amends CEO Arjan Haverhals' agreement; severance extended from 6 months to 2 years
MILESTONE SCIENTIFIC INC.
- Amendment extends severance period for CEO Arjan Haverhals from six months to two years upon qualifying termination.
- Change applies to continued Base Compensation and certain other benefits, subject to standard payroll and withholding.
- All other terms of the employment agreement remain unchanged; amendment recommended by Compensation Committee.