Impinj Unveils New Executive Severance and Change in Control Policy
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Impinj Inc. has updated its executive employment agreement with CEO Chris Diorio, Ph.D., to clarify severance and change of control terms. The new policy ensures the greatest after-tax benefit for Dr. Diorio without tax gross-up payments. Additionally, a new Executive Change in Control and Severance Policy has been adopted for key executives, including CFO Cary Baker and Chief Innovation Officer Cathal Phelan. These terms apply to qualifying terminations around a change of control.
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