leadership
confidence high
sentiment neutral
materiality 0.40
NextDecade amends CEO employment agreement with new $1M base salary and enhanced severance
NextDecade Corp
- Matt Schatzman's amended contract runs through April 15, 2029 with automatic one-year renewals.
- Base salary set at $1,000,000; annual bonus target of 130% of base, subject to board discretion.
- Non-cause/good-reason severance: 24 months base salary, 200% target bonus, plus 24 months COBRA cost.
- Change-of-control severance (within 24 months): 36 months base, 300% target bonus, equity acceleration, and 36 months COBRA.
- Agreement includes non-competition, non-solicitation, and confidentiality covenants.
item 5.02