CEO Donald Young signs new three-year employment agreement through Aug 2027

ASPEN AEROGELS INC

Base salary remains $515,000; annual cash bonus target is at least 110% of base.
Severance on qualifying termination: 2x salary + bonus target, full equity acceleration, 24 months of COBRA.
Non-compete for one year post-termination with payment of 50% of highest base salary.
Agreement replaces prior pact expiring Dec 31, 2024; term runs to Aug 30, 2027 with auto-renewal.

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