Dawson Geophysical extends CEO Jumper's contract to 2026, sets base salary at $360,000, retention payment of $385,082

DAWSON GEOPHYSICAL CO

Employment term extended to Feb 11, 2026, with automatic three-year rolling extensions unless either party gives 60-day notice.
Base salary restored to $360,000 per year, effective Feb 11, 2023, after prior reduction period.
Retention payment of $385,082 to be paid in lump sum within 30 days of Feb 11, 2023, subject to continuous employment.
CEO waives change-of-control severance rights related to the Wilks Brothers merger and agrees it does not constitute a change of control.
Severance after Feb 11, 2024: 12 months base salary plus prorated target performance bonus, subject to release and four-month employment.

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