other material
confidence high
sentiment neutral
materiality 0.50
SINTX Technologies signs new 2-year exec agreements with CEO Olson and CIO Honigblum
Sintx Technologies, Inc.
- CEO Eric Olson receives $375,000 annual base salary and 40% target bonus; CIO Gregg Honigblum receives $325,000 and 35% target bonus.
- Agreements have 2-year term with automatic renewal; severance of 12 months' base salary for termination without cause or for good reason.
- Change-in-control triggers payment of 3x (base salary + target bonus), pro-rated bonus, and 36 months of health coverage.
- Company will provide gross-up payment for any excise tax under Section 4999 of the Internal Revenue Code.