Agilysys enters new 3-year CEO employment agreement with Ramesh Srinivasan; $6.8M RSU grant

AGILYSYS INC

Base salary remains $600,000/year; target bonus 100% of base salary, max 150%, paid in stock.
Equity grant of 78,269 RSUs ($6.8M): 50% time-based, 50% performance-based with stock price targets of $105, $120, $135.
Initial term is three years with automatic one-year renewals unless 90-day non-renewal notice given.
Severance: two years' base salary plus two times target bonus if terminated without cause or for good reason.
Non-competition and non-solicitation obligations apply during employment and for 24 months after termination.

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