Company: ACCS
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0000843006-25-000014
Chunk: 22

Company: ACCESS Newswire Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 22
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 Mr. Knerr’s employment is terminated without cause, vesting of any equity grants will immediately cease upon termination.

| PROXY STATEMENT | 18 |

If the Company terminates Mr. Knerr’s employment for cause or employment terminates as a result of Mr. Knerr’s resignation or death, Mr. Knerr will only be entitled to unpaid amounts owed to him and the vesting of any option grants will immediately cease.

The Knerr Agreement also contains certain non-competition, no solicitation, confidentiality, and assignment of inventions requirements for Mr. Knerr.

MARK LLOYD EMPLOYMENT AGREEMENT

On January 3, 2023, the Company entered into an Executive Employment Agreement (the “Lloyd Agreement”) with Mark Lloyd to serve as the Company’s Chief Technology Officer. The Lloyd Agreement will continue until terminated pursuant to its terms as described below. Mr. Lloyd currently earns an annual base salary of $246,750 under the Lloyd Agreement. In addition, Mr. Lloyd is eligible to receive such additional bonus or incentive compensation as the Board may establish from time to time in its sole discretion.

Pursuant to the Lloyd Agreement, if Mr. Lloyd’s employment is terminated upon his disability, by Mr. Lloyd for good reason (as such term is defined in Lloyd Agreement), or by us without cause (as such term is defined in the Lloyd Agreement), Mr. Lloyd will be entitled to receive, in addition to other unpaid amounts owed to him (e.g., for base salary, accrued personal time and business expenses): (i) to the then base salary for a period of six months (in accordance with the Company’s general payroll policy) commencing on the first payroll period following the fifteenth day after termination of employment and (ii) substantially similar coverage under the Company’s then-current medical, health and vision insurance coverage for a period of six months. Additionally, if Mr. Lloyd’s employment is terminated for disability, the vesting of any option grants will continue to vest pursuant to the schedule and terms previously established during the six-month severance period. Subsequent to the six-month severance period the vesting of any option grants will immediately cease. If Mr. Lloyd’s employment is terminated without cause, vesting of any equity grants will immediately cease upon termination.

If the Company terminates Mr. Lloyd’s employment for cause or employment terminates as a result of Mr. Lloyd’s resignation or death, Mr. Lloyd will only be entitled to unpaid amounts owed to him and the vesting of any option grants will immediately cease