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Riot Platforms | 8-K: Amended and Restated Executive Employment Agreement

Riot Platforms | 8-K: Amended and Restated Executive Employment Agreement

Riot Platforms | 8-K：经修订和重述的高管雇佣协议
美股SEC公告 ·  2024/11/27 06:08

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Riot Platforms has amended and restated its executive employment agreement effective November 20, 2024, implementing key administrative changes to severance procedures and payment terms. The revised agreement establishes clear guidelines for separation agreements and introduces a structured severance payment schedule.The new terms specify that 50% of cash severance benefits will be paid within 20 business days after signing the Severance Agreement, with the remaining portion disbursed 6 months and 1 day post-termination. Additionally, both service-based and performance-based stock awards eligible for accelerated vesting will be settled within five business days of executing the Severance Agreement.The company has executed these amended agreements with key executives including CEO Jason Les, Executive Chairman Benjamin Yi, EVP and General Counsel William Jackman, and EVP of Corporate Development Jason Chung. Each executive's employment term is set at 36 months, automatically renewing for 12-month periods unless terminated under the agreement's provisions.
Riot Platforms has amended and restated its executive employment agreement effective November 20, 2024, implementing key administrative changes to severance procedures and payment terms. The revised agreement establishes clear guidelines for separation agreements and introduces a structured severance payment schedule.The new terms specify that 50% of cash severance benefits will be paid within 20 business days after signing the Severance Agreement, with the remaining portion disbursed 6 months and 1 day post-termination. Additionally, both service-based and performance-based stock awards eligible for accelerated vesting will be settled within five business days of executing the Severance Agreement.The company has executed these amended agreements with key executives including CEO Jason Les, Executive Chairman Benjamin Yi, EVP and General Counsel William Jackman, and EVP of Corporate Development Jason Chung. Each executive's employment term is set at 36 months, automatically renewing for 12-month periods unless terminated under the agreement's provisions.
Riot Platforms已于2024年11月20日修订并重新制定其高管雇佣协议，实施对遣散程序和支付条款的关键管理变更。修订后的协议为离职协议建立了明确的指导方针，并引入了结构化的遣散支付时间表。新条款规定，现金遣散福利的50%将在签署遣散协议后20个工作日内支付，剩余部分将在终止后6个月零1天发放。此外，符合加速归属资格的基于服务和基于业绩的股票奖励将在执行遣散协议后的五个工作日内结算。公司已与包括首席执行官Jason Les、执行主席Benjamin Yi、高级副总裁兼总法律顾问William Jackman以及企业发展高级副总裁Jason Chung在内的关键高管签署了这些修订协议。每位高管的雇佣期限设定为36个月，除非根据协议的条款终止，否则将自动续约12个月。
Riot Platforms已于2024年11月20日修订并重新制定其高管雇佣协议，实施对遣散程序和支付条款的关键管理变更。修订后的协议为离职协议建立了明确的指导方针，并引入了结构化的遣散支付时间表。新条款规定，现金遣散福利的50%将在签署遣散协议后20个工作日内支付，剩余部分将在终止后6个月零1天发放。此外，符合加速归属资格的基于服务和基于业绩的股票奖励将在执行遣散协议后的五个工作日内结算。公司已与包括首席执行官Jason Les、执行主席Benjamin Yi、高级副总裁兼总法律顾问William Jackman以及企业发展高级副总裁Jason Chung在内的关键高管签署了这些修订协议。每位高管的雇佣期限设定为36个月，除非根据协议的条款终止，否则将自动续约12个月。
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