Shoe Carnival enters employment agreement with CAO Patrick Edwards; base salary $250K

SHOE CARNIVAL INC

Initial term through June 30, 2023, with automatic one-year renewals unless notice given.
Base salary of $250,000 per year, subject to periodic review and adjustment.
Severance of 100% base salary plus 12x COBRA on termination without cause or for good reason (non-CIC).
On termination within 2 years after a change in control, severance increases to 150% base salary plus 18x COBRA.
Non-competition, non-solicitation, and non-disparagement covenants apply during employment and for 12 months after termination.

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