Expand permission for outside boards:Negotiations included provisions to permit his participation on other boards, with the executive to retain all options and other forms of compensation.Gain temporary housing and other key expense payments: We engaged in further negotiations for extensive expense reimbursements, including an extensive temporary housing allowance, pending a company paid relocation, at the executive’s option.Achieved VC-style put options on equity: The provisions on equity provided for VC-style redemption features to enable the executive to put his shares to the company if the exit was not effected in the time period set out in the contract.
Full-term severance protections: The terms of the severance agreement included pay for the full length of the contract on termination without cause by the executive for good reason.
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