Inspire Veterinary Partners formalizes CFO Richard Frank's employment agreement with $210K base salary

INSPIRE VETERINARY PARTNERS, INC.

Employment agreement effective Jan 1, 2024; initial term of 1 year, renewable by board vote.
Base salary of $210,000 per annum; eligible for annual bonuses based on revenue and profit targets.
Revenue bonus: up to 125% of 15% salary target if revenue exceeds 110% of budget; profit bonus similarly structured.
Eligible for stock bonus (10-14% of base salary) tied to performance, fully vested upon issuance.
Severance: 1 year base salary if terminated for certain good-reason events; restrictive covenants non-solicit for 2 years.

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