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Cisco | 8-K: Separation Agreement and General Release, by and between Cisco and Jeff Sharritts

Cisco | 8-K: Separation Agreement and General Release, by and between Cisco and Jeff Sharritts

思科 | 8-K：思科和Jeff Sharritts签订分离协议和一般性声明
美股SEC公告 ·  2024/07/19 16:07

Moomoo AI 已提取核心信息

Jeff Sharritts, former Executive Vice President and Chief Customer and Partner Officer of Cisco, has concluded his employment as an executive advisor effective July 15, 2024. The company has entered into a Separation Agreement that outlines his departure terms.Under the agreement, Sharritts will receive accelerated vesting of time-based restricted stock units scheduled through December 2025 and eligibility for retirement vesting of certain performance-based restricted stock units. Additionally, he will receive a cash settlement of $2.59 million, comprising 18 months of base salary, annual target bonus, and 17 months of COBRA premiums.The separation benefits are contingent upon Sharritts executing a release of claims and maintaining compliance with Cisco's Code of Business Conduct, related policies, and the company's Proprietary Information and Inventions Agreement.
Jeff Sharritts, former Executive Vice President and Chief Customer and Partner Officer of Cisco, has concluded his employment as an executive advisor effective July 15, 2024. The company has entered into a Separation Agreement that outlines his departure terms.Under the agreement, Sharritts will receive accelerated vesting of time-based restricted stock units scheduled through December 2025 and eligibility for retirement vesting of certain performance-based restricted stock units. Additionally, he will receive a cash settlement of $2.59 million, comprising 18 months of base salary, annual target bonus, and 17 months of COBRA premiums.The separation benefits are contingent upon Sharritts executing a release of claims and maintaining compliance with Cisco's Code of Business Conduct, related policies, and the company's Proprietary Information and Inventions Agreement.
杰夫·沙里茨，前思科执行副总裁兼首席客户及合作伙伴官，已于2024年7月15日结束其作为执行顾问的工作。公司已签署一份分离协议，明确了他的离职条款。根据协议，沙里茨将获得加速归属截至2025年12月的时间限制股票单位的权益，并有资格获得某些基于业绩的限制股票单位的养老权益。此外，他将获得259万美元的现金赔偿，包括18个月的基本工资、年度目标奖金和17个月的COBRA保险费用。分离福利的获取取决于沙里茨签署索赔解除协议，并遵守思科的业务行为准则、相关政策，以及公司的专有信息与发明协议。
杰夫·沙里茨，前思科执行副总裁兼首席客户及合作伙伴官，已于2024年7月15日结束其作为执行顾问的工作。公司已签署一份分离协议，明确了他的离职条款。根据协议，沙里茨将获得加速归属截至2025年12月的时间限制股票单位的权益，并有资格获得某些基于业绩的限制股票单位的养老权益。此外，他将获得259万美元的现金赔偿，包括18个月的基本工资、年度目标奖金和17个月的COBRA保险费用。分离福利的获取取决于沙里茨签署索赔解除协议，并遵守思科的业务行为准则、相关政策，以及公司的专有信息与发明协议。
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