Agree Realty enters new employment agreement with CEO Joel Agree, no fixed term

AGREE REALTY CORP

New employment agreement with CEO Joel Agree has no fixed expiration date, supersedes prior agreement expiring Sept 30, 2023.
Upon non-cause termination, Mr. Agree receives 200% base salary plus 200% of average annual bonus (3-year) and full equity vesting.
Upon change-in-control termination, severance increases to 300% base salary plus 300% of average annual bonus and full equity vesting.
Death or disability triggers prorated target bonus, equity vesting, and two months salary (death only) plus health benefits.
Non-compete and non-solicitation provisions apply for one year after termination for cause or voluntary resignation without good reason.

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