other
confidence high
sentiment neutral
materiality 0.60
SOBR Safe enters CEO employment agreement with David Gandini; $300K base salary through Dec 2025
SOBR Safe, Inc.
- CEO David Gandini receives $300,000 annual base salary; bonus at least 30% of base under Annual Bonus Plan.
- Term runs January 30, 2023 through December 31, 2025; auto-renewal for one-year terms unless notice given.
- Severance equal to one year of base salary if terminated without cause or for good reason, subject to release.
- Unvested equity accelerates upon termination without cause or for good reason; change of control triggers full vesting.
- Equity grants and salary adjustments determined by Compensation Committee and Board.