Mercialys Sets Terms for Departure of its Deputy CEO
Mercialys has announced the terms for the termination of its Deputy CEO, Ms. Elizabeth Blaise, effective December 31, 2025.
Compensation Details
According to the press release, the annual fixed salary of Ms. Elizabeth Blaise for the year 2025 is set at 318,000 euros gross, which will be paid until the end of her tenure on December 31, 2025. Her target annual variable compensation is set at 65% of this fixed salary, with a cap of 130%. The final amount of this variable compensation will be determined after the performance objectives are reviewed by the Board of Directors, pending approval by the General Meeting of Shareholders.
Eligibility for Stock Grant Plans
The Deputy CEO is also eligible for performance-based free share allocation plans. For the plans of 2023, 2024, and 2025, the number of shares that can be allocated to Ms. Blaise has been adjusted on a prorated basis, totaling up to 40,317, 21,886, and 9,383 shares, respectively. These allocations will be confirmed following the performance evaluation on December 31, 2025.
Non-Compete Clause and Severance Package
Additionally, Mercialys has implemented a non-compete clause for a duration of twelve months following the end of Ms. Blaise's mandate, accompanied by a monthly indemnity equivalent to one-twelfth of 50% of her total annual compensation. A severance payment of 50,000 euros net will also be paid, subject to approval by the General Meeting related to the fiscal year 2025 accounts.
