The company said on November 15, 2024 that Executive Vice President and Chief Strategy Officer Oreste Donzella agreed to transition to a part-time senior advisor role from April 14, 2025 to August 16, 2026.

1. 01

   The company said on November 15, 2024 that Executive Vice President and Chief Strategy Officer Oreste Donzella agreed to transition to a part-time senior advisor role from April 14, 2025 to August 16, 2026.

2. 02

   The company said Donzella will remain Chief Strategy Officer until April 13, 2025, assisting with the transition of his current duties, and that there will be no changes to his employment terms, including compensation and other benefits, before the effective date.

3. 03

   Donzella is expected to provide at least 10 hours of services per week during the advisor period, the company said, and will be eligible from April 7, 2025 for an annualized base salary of $125,000, continued vesting of existing equity awards, and continued participation in the 401(k) plan and employee stock purchase plan.

4. 04

   The company said Donzella will be eligible for a lump-sum cash payment, subject to a general release of claims, if his employment is terminated by the company for any reason other than cause, death or disability: $7,000,000 if termination occurs before August 5, 2025, or $3,500,000 if termination occurs on or after August 5, 2025 but before August 6, 2026.

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