VAALCO discloses COO Thor Pruckl's employment terms: $400k base, 75% bonus target

VAALCO ENERGY INC /DE/

Thor Pruckl's employment agreement includes $400,000 annual base salary, reviewed annually.
Eligible for annual cash bonus target of 75% of base salary, based on performance goals.
Long-term incentive awards up to 75% of base salary; also receives housing, vehicle, and $17k pension.
Severance: upon involuntary termination (except cause/death/disability), receives prorated annual bonus.
Employment may be terminated by company with 90 days' notice or reduced with Notice Payment.

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