Clarus enters 5-year employment agreement with Executive Chairman Warren Kanders; grants 500,000 restricted shares

Clarus Corp

Base salary $600,000/year; minimum cash bonus equal to 100% of base upon achieving target EBITDA.
Issued 500,000 restricted shares: 250k vest at $15/share, 250k at $18/share for 20 consecutive trading days; forfeited if not vested by 10th anniversary.
Severance upon change-in-control or termination without cause: 5x (base+bonus) plus office expense reimbursement and full equity acceleration.
Non-compete for 18 months post-expiration or 3 years post-termination; confidentiality and clawback provisions apply.
Agreement effective January 1, 2023, for 5-year term; Employee office in Palm Beach, FL.

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