Contineum Therapeutics Sets Executive Severance Plan

Contineum Therapeutics, Inc. Class A (CTNM) has shared an announcement.

Contineum Therapeutics, Inc. has implemented an Executive Severance Plan to provide security for its top executives and select employees in case of involuntary separation from the company. Executives like CEO Carmine Stengone are eligible for a year’s salary and a portion of their bonus in severance, with added benefits and full vesting of equity awards if the termination is related to a change in control of the company. The plan includes various tiers of benefits based on the executive’s level, aiming to offer financial stability and maintain a committed leadership team during transitions.

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