Lincoln Educational extends employment contracts for four top executives through Dec 2025

LINCOLN EDUCATIONAL SERVICES CORP

New employment agreements extend CEO Shaw, CFO Meyers, EVPs Buchenot and Nyce through Dec 31, 2025.
Base salaries unchanged: Shaw $500K, Meyers $358,955, Buchenot $304,387, Nyce $300K effective Jan 1, 2023.
Annual performance bonuses based on Board/Committee targets under Incentive Plan; other benefits substantially similar.
Severance on involuntary termination: 2x (base salary + target bonus); non-compete for 2 years, non-solicit for 1 year.

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