CPS Technologies enters executive employment and change of control agreement with CEO Brian Mackey

CPS TECHNOLOGIES CORP/DE/

On November 21, 2023, CPS Technologies entered an executive agreement with CEO Brian Mackey.
Agreement provides 12 months salary continuation on qualifying termination without cause.
COBRA reimbursement for company-paid portion during salary continuation period.
Unvested stock options accelerate fully upon a change in control or change in control termination.
Agreement includes indemnification of Mackey under certain circumstances.

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