The latest announcement is out from Innovative Solutions And Support ( (ISSC) ).
Innovative Solutions and Support, Inc. has revised its employment agreement with CEO Shahram Askarpour, enhancing his severance package. If Askarpour is terminated without cause or resigns for a valid reason, he’ll receive a year’s salary and health insurance premiums. Should a change of control occur, he’s entitled to double his salary and maximum bonus, immediate equity vesting, extended option exercise time, and 18 months of health coverage. Additionally, the definition of a valid resignation reason includes significant role reduction, pay cuts, excessive relocation, or the company’s contractual breach, with a structured notice and cure period.
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