PAR Tech discloses separation terms for former CPTO Raju Malhotra including $138,667 severance

PAR TECHNOLOGY CORP

Raju Malhotra receives $138,667 (4 months base salary) plus 2 months COBRA medical coverage.
Malhotra will receive earned FY2023 short-term incentive bonus per company STI program.
Time-based and performance-based equity awards vesting in Feb/Mar 2024 are accelerated; remaining unvested awards terminated.
Annual meeting of shareholders scheduled for Monday, June 3, 2024.

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