SECURITIES AND EXCHANGE COMMISSION
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|Item 5.02|| |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 14, 2021, Greenidge Generation Holdings Inc. (the “Company”) determined to pay Timothy Rainey approximately half of his Achievement Bonus (as defined in the employment agreement between Mr. Rainey and the Company dated November 12, 2021 (the “Employment Agreement”)) in December 2021, subject to clawback and offset against any other amount due and payable to Mr. Rainey if prior to March 31, 2022, Mr. Rainey’s employment with the Company terminates for Cause or Mr. Rainey resigns without Good Reason (as each such term is defined in the Employment Agreement) or upon the breach of any restrictive covenant for the benefit of the Company to which Mr. Rainey is subject.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
|GREENIDGE GENERATION HOLDINGS INC.|
|Dated: December 17, 2021||By:|
|Jeffrey E. Kirt|
|Chief Executive Officer|