CEO Thomas J. Kersting signs new 5-year employment agreement with $400k base salary and profit sharing

SOUTH DAKOTA SOYBEAN PROCESSORS LLC

New employment agreement effective Jan 1, 2023 through Dec 31, 2027.
Base salary fixed at $400,000 per year, with no increases unless material change in duties.
Annual profit sharing bonus equals 0.7% of net income over $2 million.
Without-cause termination entitles CEO to base salary for greater of remaining term or 52 weeks.
Non-compete applies during term plus two years; non-solicit during term plus one year.

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