other material
confidence high
sentiment neutral
materiality 0.50
RadNet enters new employment agreements with four top executives
RadNet, Inc.
- New agreements effective Sept 1, 2022 for CFO Stolper ($575k), COO Eastern Forthuber ($650k), COO Western Hames ($650k), EVP/CAO Patel ($575k).
- All four have >10 years service; severance pay = 2x base salary + 2x average cash bonus; Hames gets additional $1.05M lump sum.
- Time-based equity fully vests upon change in control or qualifying termination; COBRA benefits continued for 2 years.
- Agreements are at-will with uniform terms; replace prior individual contracts.