CEO Leslie D. Hale signs new 4-year employment agreement with unchanged terms

RLJ Lodging Trust

Base salary remains $840,000 per year; target cash bonus 175% of base salary.
Four-year initial term with automatic one-year renewal unless 60 days' notice.
If terminated without cause/for good reason: 36 months base salary (24 months for non-renewal of initial term).
Plus lump sum of 3x target bonus (2x for non-renewal) and equity vesting.
Non-compete and non-solicitation for 24 months post-termination.

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