Summary by Moomoo AI
Microvast Holdings announced the appointment of Yaser Ali as Chief Financial Officer, effective July 5, 2024. Ali, 43, brings extensive financial leadership experience from his previous roles as CFO at Vision Technologies LLC and BayWa-R.E Solar, as well as senior positions at GreenFox Services and Amazon.com.Under the offer letter, Ali will receive an annual base salary of $325,000 with a 25% target bonus opportunity. The compensation package includes a $75,000 restricted stock unit grant vesting over three years, up to $20,000 in relocation expenses, and participation in the company's long-term incentive program.The agreement includes severance benefits providing six months' base salary continuation if terminated without cause or upon resignation for good reason. In case of death or disability, Ali would receive any earned but unpaid annual bonus and a pro-rata portion of the current year's bonus, subject to execution of a general release of claims.
