other material
confidence high
sentiment neutral
materiality 0.40
CV Sciences enters new employment agreement with CFO Joerg Grasser; base salary $350K with deferred comp
CV Sciences, Inc.
- Term through Dec 26, 2024; Base salary $350K, reduced to $235K plus deferred comp accrual.
- Annual bonus target 20% of base salary, discretionary by Board.
- Change-of-control bonus: lump sum 2x $350K ($700K).
- Severance: without cause or good reason, continuation of salary & benefits through term (min 1 yr); equity vesting accelerates.
- Cause or voluntary termination: only unpaid deferred comp and salary through date; no severance; unvested equity forfeited.