ACCO Brands (ACCO) has released an update to notify the public and investors about its officers.
Mr. Monko was appointed as Executive Vice President and President, International at ACCO Brands Corporation’s subsidiary, Esselte Polska, with an employment contract effective January 29, 2024, until December 31, 2026. His annual compensation includes a base salary of 2,544,036 Polish Zloty, a potential 75% bonus, eligibility for long-term incentives, and various benefits. The contract may end early under specific conditions and includes post-employment non-compete and non-solicitation clauses with a potential 25% base salary compensation for compliance. Details of termination payments and intellectual property assignments are also outlined, with the option for Esselte Polska to waive the non-compete provisions post-termination.
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For a comprehensive understanding of the announcement, you can read the full document here.
