Weis Markets enters new CEO employment agreement; base salary $1.45M through 2028

WEIS MARKETS INC

Jonathan H. Weis continues as Chairman, President & CEO under agreement effective Jan 1, 2026 to Dec 31, 2028.
Annual base salary of $1,447,819, with eligibility for annual/long-term bonuses, equity grants, and a $4M life insurance policy.
New CEO Incentive Award Plan: retention award = 2x base salary; performance award tied to net sales and MROIC targets.
Plan awards generally deferred until after Dec 31, 2028; early payment only on termination without cause or death.
Without-cause termination severance: 4x to 5.5x base salary depending on year; death benefit of $3.5M to spouse.

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