leadership
confidence high
sentiment neutral
materiality 0.30
AVAX One discloses ex-CFO Polimeni separation terms: $10,000/month consultant through March 31, 2027
AVAX ONE TECHNOLOGY LTD.
- CFO Chris Polimeni resigned August 17, 2026; separation and consulting agreement dated October 13, 2026, effective August 18, 2026.
- Polimeni is engaged as an independent contractor from August 18, 2026 through March 31, 2027 at a monthly fee of $10,000, paid within 15 days after each month.
- Separation payment continues his monthly fees through August 31, 2026, paid in a lump sum on the first regular payroll date after the Effective Date.
- Agreement includes a general release of claims, 21 days to consider, a 7-day revocation window (notice to Pete Wylie), and confidentiality covenants.
- Company's release excludes claims for intentional misconduct or gross negligence; consultant gets no employee benefits or unemployment insurance.