Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
OnFebruary 15, 2023 ,Cheniere Energy, Inc. (the "Company") andAaron Stephenson , 67, the Company's Senior Vice President, Operations Support and Development, entered into a letter agreement (the "Letter Agreement") setting forth the terms ofMr. Stephenson's retirement and transition from the Company.Mr. Stephenson and the Company agreed thatMr. Stephenson's employment with the Company will continue throughMarch 2, 2023 , at which time his employment will terminate, and thatMr. Stephenson will remain available to assist the Company in the transition ofMr. Stephenson's duties and other matters reasonably requested by the Company throughDecember 31, 2023 . The Letter Agreement provides that, subject toMr. Stephenson signing an effective release of claims and not resigning his employment prior toMarch 2, 2023 ,Mr. Stephenson will be entitled to (i) a cash lump sum payment equal to$1,875,000 ; (ii) treatment ofMr. Stephenson's outstanding restricted stock unit awards and performance stock unit awards in accordance with the terms of theCheniere Energy, Inc. Retirement Policy, as amended; and (iii) continued subsidized health benefits for up to 24 months.
A copy of the Letter Agreement is attached hereto as Exhibit 10.1 and is incorporated herein by reference. The foregoing description of the Letter Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Letter Agreement.
Item 9.01 Financial Statements and Exhibits.
d) Exhibits Exhibit No. Description Letter Agreement , dated February 15, 2023, between the Company 10.1 and Aaron Stephenson 104 Cover Page Interactive Data File (embedded within
the Inline XBRL document)
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