Insperity, Inc. (NYSE:NSP), a company specializing in human resources and administrative services, has entered into a consulting agreement with its former Executive Vice President of Finance, Chief Financial Officer, and Treasurer, Douglas S. Sharp (OTC:SHCAY). The transition, effective as of Monday, comes after Mr. Sharp's retirement announcement on August 27, 2024.
According to the SEC filing dated November 21, 2024, Sharp, who retired on November 15, 2024, will remain involved with Insperity in a consulting capacity through March 31, 2025. During this period, he will be available to advise on financial matters and assist with the transition of his former duties. For his consulting services, Sharp will receive a monthly compensation of $10,000.
In addition to consulting on financial and business matters, the agreement includes a non-compete clause effective for twenty-four months post-termination of the consulting contract. This clause prohibits Sharp from engaging in any business that competes with Insperity, as well as from soliciting any of Insperity's employees.
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