enCore Energy Corp. entered into a Separation and General Release Agreement with its former Chief Executive Officer, Robert J. Willette, effective July 8, 2026. The agreement finalizes the terms of his departure following his termination without cause on April 20, 2026.
Key Details
- Cash Severance: Mr. Willette will receive a cash payment of $1,800,000.
- Equity Compensation: He will be granted 300,000 nonqualified stock options for continued consulting and advisory services. These options vest immediately upon grant and have a five-year exercise term.
- Forfeiture: As part of the agreement, Mr. Willette will forfeit all other outstanding unvested stock options and restricted stock units.