BrightView Executive Transition and Separation Benefits

The latest announcement is out from BrightView Holdings (BV).

Jamie C. Gollotto’s tenure as an executive officer ended, and he transitioned to a non-executive role until his upcoming separation from the company. A Transition Services and Separation Agreement outlines his benefits during this period, including maintaining his base salary, potential bonuses, and standard employee benefits. If terminated without cause, he is entitled to severance payments, a prorated annual bonus, COBRA coverage, outplacement services, and vesting of specific restricted stock units, alongside the exercisability of vested options and a cash retention award. Unvested equity awards will be forfeited upon separation.

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