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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簽訂分離協議和一般性聲明
美股SEC公告 ·  2024/07/19 16:07

Moomoo AI 已提取核心訊息

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.
傑夫·沙裏茨,思科前執行副總裁及首席客戶和合作夥伴官,將於2024年7月15日結束他的執行顧問職位。公司已簽署一項分離協議,概述了他的離職條款。根據協議,沙裏茨將獲得截至2025年12月的時間限制性股票單位的加速歸屬,並有資格獲得某些基於績效的限制性股票單位的養老歸屬。此外,他還將獲得259萬的現金結算,包括18個月的基本工資、年度目標獎金和17個月的COBRA保費。分離福利取決於沙裏茨簽署索賠解除協議,並遵守思科的商業行爲準則、相關政策以及公司的專有信息和發明協議。
傑夫·沙裏茨,思科前執行副總裁及首席客戶和合作夥伴官,將於2024年7月15日結束他的執行顧問職位。公司已簽署一項分離協議,概述了他的離職條款。根據協議,沙裏茨將獲得截至2025年12月的時間限制性股票單位的加速歸屬,並有資格獲得某些基於績效的限制性股票單位的養老歸屬。此外,他還將獲得259萬的現金結算,包括18個月的基本工資、年度目標獎金和17個月的COBRA保費。分離福利取決於沙裏茨簽署索賠解除協議,並遵守思科的商業行爲準則、相關政策以及公司的專有信息和發明協議。
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