Noodles & Co approves change-in-control retention bonuses for execs; strategic review ongoing

NOODLES & Co

Retention bonuses: CEO 100% base salary, CFO 75%, EVP Tech & CAO 50%, payable only upon Change in Control.
Bonuses require 90-day post-closing employment or termination without cause; expire Dec 31, 2026 if no transaction.
Board is evaluating strategic alternatives to maximize stockholder value; no assurance of transaction completion.

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