Tivic Health Systems Announces New Executive Compensation Agreement for CEO Jennifer Ernst

Reuters10-16
<a href="https://laohu8.com/S/TIVC">Tivic Health</a> Systems Announces New Executive Compensation Agreement for CEO Jennifer Ernst

Tivic Health Systems Inc. has entered into a new executive employment agreement with Chief Executive Officer Jennifer Ernst, replacing her previous offer letter. Under the new agreement, Ernst will receive an annual base salary of $325,000, subject to periodic review and adjustment. She is eligible for an annual end-of-year incentive bonus of up to 50% of her base salary, at the discretion of the Board of Directors, and may receive annual equity grants under the company's equity incentive plan. If her employment is terminated without cause or she resigns for good reason, Ernst will receive severance pay equal to twelve months of her base salary, company-paid COBRA coverage for twelve months, and continued vesting of equity awards for a year after termination.

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