NNN REIT enters employment letter with EVP/CAO/CTO Miller effective Jan 1 2025; $350k base, 2x severance

NNN REIT, INC.

Employment letter replaces 2018 agreement; Miller continues as EVP, Chief Accounting Officer and Chief Technology Officer.
Base salary $350,000 per year; eligible for annual cash bonus and equity awards under the 2017 Performance Incentive Plan.
Designated participant in Executive Severance Plan with termination payment multiple of 2 and change-of-control multiple of 2.
Severance benefits include cash payments, health coverage, and equity vesting, subject to non-compete, non-solicitation, and release.
Fringe benefits include $500/month car allowance and life insurance equal to annual salary.

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