Jeff Sharritts, former Executive Vice President and Chief Customer and Partner Officer of Cisco, has concluded his employment as an executive advisor effective July 15, 2024. The company has entered into a Separation Agreement that outlines his departure terms.Under the agreement, Sharritts will receive accelerated vesting of time-based restricted stock units scheduled through December 2025 and eligibility for retirement vesting of certain performance-based restricted stock units. Additionally, he will receive a cash settlement of $2.59 million, comprising 18 months of base salary, annual target bonus, and 17 months of COBRA premiums.The separation benefits are contingent upon Sharritts executing a release of claims and maintaining compliance with Cisco's Code of Business Conduct, related policies, and the company's Proprietary Information and Inventions Agreement.

Jeff Sharritts, former Executive Vice President and Chief Customer and Partner Officer of Cisco, has concluded his employment as an executive advisor effective July 15, 2024. The company has entered into a Separation Agreement that outlines his departure terms.Under the agreement, Sharritts will receive accelerated vesting of time-based restricted stock units scheduled through December 2025 and eligibility for retirement vesting of certain performance-based restricted stock units. Additionally, he will receive a cash settlement of $2.59 million, comprising 18 months of base salary, annual target bonus, and 17 months of COBRA premiums.The separation benefits are contingent upon Sharritts executing a release of claims and maintaining compliance with Cisco's Code of Business Conduct, related policies, and the company's Proprietary Information and Inventions Agreement.