RLJ Lodging Trust renews COO Bardenett's agreement; base salary $565K unchanged

RLJ Lodging Trust

New employment agreement with EVP/COO Thomas Bardenett effective Dec 20, 2024; initial term to Feb 1, 2028, with auto-renewal to Feb 2029 if no notice.
Annual base salary remains $565,000; target cash bonus set at 100% of base salary; eligible for ongoing equity incentive awards.
On termination without cause or for good reason: 12 months base salary continuation, 1x target bonus lump sum, and equity vesting acceleration.
Includes 12-month post-termination non-competition and non-solicitation covenants; terms substantially same as prior agreement.
Role as Executive Vice President and Chief Operating Officer unchanged; reports to President and CEO.

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