GEN Restaurant Group enters employment agreements with co-CEOs Chang and Kim, CFO Croal

GEN Restaurant Group, Inc.

Jae Chang and David Kim serve as co-CEOs with $300,000 annual base salary starting Jan 1, 2024; $150,000 for July-Dec 2023.
Thomas Croal named CFO with $400,000 annual base salary starting Jan 1, 2024; $350,000 for July-Dec 2023.
Each executive eligible for annual performance bonus targeted at 100% (Chang, Kim) or 50% (Croal) of base salary.
Non-competition agreements with Chang and Kim extend five years after employment ends; include restricted activities.
Employment term expires earlier of July 1, 2026 or termination; agreements include severance provisions.

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