Brief: Limelight Networks Determined That Payout Against Master Executive And Management Bonus Plan Would Result In 0% Payout To Participants

Edgio

17/03/2022 21:18

March 17 (Reuters) - Limelight Networks Inc  LLNW.O :
    * LIMELIGHT NETWORKS INC -  DETERMINED THAT PAYOUT AGAINST
MASTER
EXECUTIVE AND MANAGEMENT BONUS PLAN WOULD RESULT IN 0% PAYOUT TO
PARTICIPANTS
    * LIMELIGHT NETWORKS INC -  COMPENSATION COMMITTEE
ACKNOWLEDGED
THAT CERTAIN EXECUTIVES AND EMPLOYEES PUT FORTH "EXTRAORDINARY
EFFORT" IN REBUILDING CO
    * LIMELIGHT NETWORKS INC - TO CREATE A RECOGNITION AND
RETENTION
POOL, WHEREIN 40% OF POOL IS TO BE PAID TO PARTICIPANTS IN
FULLY-VESTED RSU ON MARCH 15
    * LIMELIGHT NETWORKS INC - PARTICIPANTS OF RETENTION PLAN
INCLUDE
LIMELIGHT'S PRINCIPAL EXECUTIVE OFFICER, PRINCIPAL FINANCIAL
OFFICER, AND OTHER NEOS

Source text: (https://bit.ly/34R3oc5)
Further company coverage:  LLNW.O 

 ((Reuters.Briefs@thomsonreuters.com;))