IMMR - Immersion Corp - Approved an increase in compensation for Tom Lacey, the interim CEO

2018-Oct-30 at 02:25 pm

On October 24, 2018, the Board of Directors of Immersion Corporation (the “Company”) approved an increase in compensation for Tom Lacey, the interim Chief Executive Officer, including (a) a base salary of $50,000.00 per month, prorated for any partial month of employment; (b) a restricted stock unit award to acquire 10,000 shares of the Company’s Common Stock (the “First Award”) which grant will vest as to 100% of the total shares on October 24, 2019, subject to Mr. Lacey’s continuous service as the Interim CEO through and including such date and which grant will accelerate upon the consummation of a change of control; (c) a restricted stock ...

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