Core Scientific has entered into a new employment agreement with Todd M. DuChene on July 19, 2024, retaining him as Executive VP, Chief Legal and Administrative Officer, Chief Compliance Officer and Secretary. The agreement includes a $500,000 base salary and 100% target annual bonus for 2024, with a guaranteed minimum bonus of $500,000.The compensation package features significant equity grants, including a special one-time grant of 1,003,633 RSUs vesting over four years, an annual grant of 250,909 time-based RSUs vesting through 2026, and 83,637 performance-based RSUs tied to goals through 2026. The agreement also provides comprehensive severance benefits, including 12 months' salary if terminated without cause.Additional provisions include accelerated vesting of equity awards under various termination scenarios, particularly during a Change in Control period. The company will also establish an indemnification agreement consistent with terms offered to other senior executives.

Core Scientific has entered into a new employment agreement with Todd M. DuChene on July 19, 2024, retaining him as Executive VP, Chief Legal and Administrative Officer, Chief Compliance Officer and Secretary. The agreement includes a $500,000 base salary and 100% target annual bonus for 2024, with a guaranteed minimum bonus of $500,000.The compensation package features significant equity grants, including a special one-time grant of 1,003,633 RSUs vesting over four years, an annual grant of 250,909 time-based RSUs vesting through 2026, and 83,637 performance-based RSUs tied to goals through 2026. The agreement also provides comprehensive severance benefits, including 12 months' salary if terminated without cause.Additional provisions include accelerated vesting of equity awards under various termination scenarios, particularly during a Change in Control period. The company will also establish an indemnification agreement consistent with terms offered to other senior executives.