leadership
confidence high
sentiment neutral
materiality 0.25
Ceva amends CFO equity vesting acceleration provisions to align with CEO terms
CEVA INC
- Fourth amendment to CFO Yaniv Arieli's employment agreement dated April 1, 2024.
- Stock option acceleration for termination without Cause or Good Reason now applies to all time-based awards, including RSUs.
- Acceleration within 12 months post-Change of Control limited to time-based vesting only, not performance-based.
- Amendment reflects mutual understanding consistent with CEO equity award acceleration terms (May 2007 Board authorization).