Vista Outdoor (VSTO) has provided an announcement.
Vista Outdoor Inc. has awarded incentive bonuses totaling $500,000 each to key executives for their role in recent merger and separation agreements to encourage their continued involvement as the company seeks strategic options to enhance shareholder value. The bonuses will be paid partly upfront and the rest upon the successful completion of a strategic initiative, provided the executives remain employed until that time. Should an executive be terminated without cause before the payout, the remaining bonus is due within 30 days of their departure.
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