Socket Mobile extends CEO Kevin Mills' employment agreement to March 31, 2026

SOCKET MOBILE, INC.

New employment agreement extends to March 31, 2026; prior agreement expired Sept 30, 2025.
Severance: 6 months base salary plus COBRA premium reimbursement for 6 months on involuntary termination.
Change-of-control provision: executive receives 1% of consideration if stock price >= $5.00/share.
Unvested stock options cease vesting at termination; pro-rata vesting for restricted stock on involuntary termination.
Voluntary termination with 60-day notice by executive with >10 years service allows post-termination option exercise for remaining grant life.

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