Automattic Executives Signed Mutual Severance Deals During Mullenweg's Temporary Leave

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Automattic's CFO Mark Davies and legal chief Andy Missan signed reciprocal severance agreements while CEO Matt Mullenweg was temporarily absent from his role. The deals were structured so that each executive signed the other's agreement. Under the terms, both officials would receive one year of salary along with additional equity vesting if their departures meet the qualifying conditions. The agreements were put in place during the period when Mullenweg had stepped back from leading the company.

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