Genelux formalizes CEO Thomas Zindrick employment agreement with $595K salary, bonus, and severance

GENELUX Corp

Base salary set at $595,000 per year effective April 1, 2023.
Eligible for annual discretionary bonus up to 55% of base salary.
Equity awards vest 25% on first anniversary, then monthly over 36 months.
Severance: 12 months salary plus target bonus outside change in control; 18 months plus bonus within CIC period.
COBRA premiums paid for up to 12 or 18 months depending on termination timing.

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