Summary by Moomoo AI
Effective October 1, 2024, Uranium Energy Corp. announced key leadership changes with Josephine Man appointed as Chief Financial Officer, Secretary and Treasurer, while Pat Obara transitions to Senior Vice-President, Administration. Man brings over 28 years of finance experience, including previous roles as CFO at Uranium Royalty Corp. and Gold Royalty Corp., and partnership at Ernst & Young LLP.Under her employment agreement through October 2026, Man will receive an annual salary of $200,000, potential bonuses up to 50% of annual fee, and equity incentives including stock options worth $100,000 and RSUs valued at $100,000. The agreement includes comprehensive benefits, vacation time, and various termination provisions based on different scenarios.The agreement includes specific termination packages varying by circumstance, from basic Outstanding Amounts payment for voluntary termination to more comprehensive packages including Benefits Extension and Options Extension for scenarios such as company non-renewal or termination without cause.
