Summary by Moomoo AI
On August 19, 2024, Canopy Growth Corporation announced the signing of retention agreements with two of its top executives. Judy Hong, the Chief Financial Officer, and Christelle Gedeon, the Chief Legal Officer, have both entered into agreements with the company. These agreements stipulate that each executive will be eligible for a retention bonus of $150,000, provided they remain with the company until October 1, 2025. The bonus is contingent upon their continued employment and will not be awarded if either executive resigns or is terminated for just cause before the specified end date. However, if either is terminated without cause before this date, they will receive the retention bonus in addition to any other termination entitlements. The details of these agreements are outlined in Exhibits 10.1 and 10.2 of the Current Report on Form 8-K filed by Canopy Growth Corporation.