RLJ Lodging Trust enters amended employment agreement with Executive Chairman Robert L. Johnson

RLJ Lodging Trust

New 3-year employment agreement effective Nov 1, 2024, replaces prior agreement.
Base salary unchanged at $500,000; bonus opportunities: threshold 75%, target 125%, max 175%, outperformance 225% of base salary.
Eligible for equity grants (options, restricted shares, LTIP units) commensurate with other executives.
Non-compete and non-solicitation covenants apply for 24 months post-termination.
Severance includes 36 months base salary (24 if after 2nd anniversary) and pro-rata bonus tied to performance.

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