leadership
confidence high
sentiment neutral
materiality 0.50
SINTX Technologies enters employment agreement with CEO Eric K. Olson
Sintx Technologies, Inc.
- Six-month term, auto-renewed for six-month periods unless 30 days' notice.
- Mr. Olson receives a $25,000 cash bonus upon execution of the agreement.
- Annual base salary of $350,000; eligible for annual bonuses and equity awards.
- Severance without cause/good reason: up to 3 months' salary (or remainder of term) or 12 months if within 3 months of change in control.
- Severance conditioned on execution of a general release of claims.