Guardion Health Sciences Inc (GHSI) just unveiled an announcement.
The Company has made pivotal amendments to the employment agreements of key executives Jan Hall, Katie Cox, and Craig Sheehan, enhancing severance packages, transaction bonuses, and offering lump-sum payments under certain conditions related to a Change of Control. These changes incentivize continued employment and compliance with restrictive covenants, while also providing for the possibility of repayment if the executives take on roles with the acquiring entity post-Change of Control. These strategic moves align executive interests with corporate goals during critical transition periods, ensuring stability and focus on company objectives.
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