The latest announcement is out from Aviat Networks (AVNW).
On April 15, 2024, Aviat U.S., Inc. solidified its leadership team by entering into employment agreements with four top executives, including the President and CEO Peter Smith. These agreements, which include competitive salaries and bonus targets, outline conditions for termination and severance, with additional benefits in the case of a company change in control. The agreements also incorporate non-compete and confidentiality clauses, ensuring the executives are invested in the company’s success and aligning their interests with those of the shareholders.
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