Microvision (MVIS) has provided an announcement.
MicroVision, Inc.’s CEO, Sumit Sharma, has entered into a new employment agreement that maintains his $530,000 base salary with the potential for adjustments by the board. The agreement includes eligibility for both short-term and long-term incentives and ensures his participation in the company’s executive severance and change in control plan, alongside other employee benefits. Additionally, Sharma is obligated to adhere to standard confidentiality and non-compete clauses and is set to receive an equity award of 1,125,000 restricted stock units, vesting over three years.
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