other material
confidence high
sentiment neutral
materiality 0.30
Contineum Therapeutics adopts Executive Severance Plan for named executive officers
Contineum Therapeutics, Inc.
- CEO Carmine Stengone designated Tier 1 participant; CSO Lorrain, CFO Slover designated Tier 2 participants.
- Non-CIC severance: 12 months base salary + pro-rata bonus; health coverage up to 12 months.
- CIC severance: 150% (Tier1) or 100% (Tier2) of salary+bonus; equity acceleration; health to 18/12 mo.
- Plan replaces prior severance agreements; participants must sign release and arbitration agreement.
- Plan effective May 24; participation agreements executed May 28, 2024.