other_material
confidence high
sentiment neutral
materiality 0.35
NV5 adds Good Reason termination provisions to employment agreements of three officers
NV5 Global, Inc.
- Amends agreements of Edward Codispoti, Richard Tong, and MaryJo O'Brien effective May 14, 2025.
- Adds 'Good Reason' definition including material duty change, pay breach, or relocation >30 miles.
- Executive must give 90-day notice, company has 30-day cure; termination must occur within 30 days post-cure.
- Upon termination without cause or for Good Reason, Codispoti receives 1-year salary severance; all three get immediate equity vesting.
item 5.02item 9.01