Herbalife enters new CEO agreement with Michael Johnson through Dec 2025; base $1.28M, bonus $1.92M, $8M equity

HERBALIFE LTD.

Base salary $1.28M; annual bonus target $1.92M (max 300% of salary).
Equity award $8M grant date fair value; vests 50% year 1, balance by Jan 2027 or new CEO start.
Term through Dec 31, 2025; acceleration on termination w/out cause or change in control.
Personal use of private aircraft up to $500K incremental cost per year.
Not eligible for Executive Officer Severance Plan.

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