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Praxis Precision Medicines ( (PRAX) ) has shared an announcement.
Praxis Precision Medicines has updated its executive employment agreements, particularly focusing on severance packages in the event of a change-in-control or qualifying termination. Executives, including the CEO and CFO, could receive lump-sum payments, prorated bonuses, health coverage support, and accelerated stock vesting if terminated without cause or resigning for good reason. These changes aim to provide financial security to executives during corporate transitions, enhancing their commitment and stability amid potential market shifts.
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