Myomo Inc (MYO) has released an update.
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Myomo, Inc. has updated its financial agreements with executives David Henry and Harry Kovelman. CFO Henry’s amended contract includes a $260,000 base salary, potential annual incentives up to 55% of his base salary, and accelerated stock option vesting in case of a change in control. Meanwhile, CMO Kovelman’s revised agreement provides for severance payments, health insurance contributions, and similar stock option benefits under the same conditions, ensuring both are compensated fairly in the event of sudden changes within the company.
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