Solid Power Unveils New Executive Severance and Change-in-Control Compensation Plans
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Solid Power Inc. has announced new executive compensation plans, including the Severance Benefit Plan and Change in Control Severance Plan. The CEO will receive 12 months of base salary upon involuntary termination and 24 months if termination occurs around a change in control, along with bonuses and health coverage. Other executives have similar terms with adjusted durations. These plans replace the previous severance plan entirely.
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