Palladyne AI Corp. enters amended employment agreement with CEO Benjamin G. Wolff through 2027

Palladyne AI Corp.

CEO Benjamin G. Wolff will receive net base salary of ~$1 per year for 2025, then $250,000 annually for 2026-2027.
Wolff is eligible for a cash payment of up to 1,800,000 times stock FMV upon vesting conditions including continued employment until Oct 31, 2027.
Target annual bonus opportunity of 150% of base salary starting in 2026.
Severance includes salary through remainder of employment term, bonus severance, and COBRA premium reimbursement for up to 12 months.
Agreement supersedes preliminary terms from Oct 30, 2024 and replaces prior employment agreement dated Jan 17, 2024.

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