Ollie's enters employment agreement with VP/CIO Lawrence Kraus; $275K base salary

Ollie's Bargain Outlet Holdings, Inc.

Base salary of at least $275,000; annual cash bonus of 0%–80% based on EBITDA targets.
Termination without cause or resignation for good reason triggers 12-month salary continuation plus benefits.
Non-competition and non-solicitation covenants extend one year post-employment; confidentiality indefinite.
Mr. Kraus remains as VP, Chief Information Officer, reporting to CEO.

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