Agilysys enters new employment agreement with CEO Ramesh Srinivasan, base salary $600k and performance RSUs

AGILYSYS INC

CEO Ramesh Srinivasan gets three-year initial term with $600,000 annual base salary, eligible for bonus up to 150% of base.
Grant of 67,856 restricted stock units valued at $5.4 million; half vest time-based over three years.
Performance-based RSUs vest if AGYS stock hits $100 (First Tranche: 21,035 RSUs) or $115 (Second Tranche: 12,893 RSUs) for 20 consecutive trading days.
Severance includes two years' base salary plus two times target bonus, COBRA coverage, and equity acceleration on termination without cause or for good reason.

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