USBC Inc. Grants Severance Pay to Departing COO Kirk Chapman
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USBC Inc. has announced a separation agreement with departing COO Kirk Chapman, effective December 15, 2025. He will receive severance benefits equal to his annual salary of $320,000 until December 31, 2026, or until he starts new employment. The company will waive his post-employment non-competition obligations, but all unvested option awards will be forfeited. The agreement includes provisions for a general release of claims, non-disparagement, and confidentiality.
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