Socket Mobile (SCKT) has provided an announcement.
Eric Glaenzer was appointed as Vice President and Chief Technology Officer of his company, leveraging his extensive experience since 2005, including his previous role as Chief Software Architect. His new executive employment agreement, set until 2028 with potential for renewal, includes provisions for termination, with a severance package that offers continued salary, health insurance benefits, and a portion of variable compensation. Additionally, Glaenzer’s stock options and restricted stocks are addressed in the agreement, which also includes potential bonus eligibility in the event of a company takeover. The agreement’s benefits are contingent upon Glaenzer’s release of claims against the company.
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