Taylor Devices enters employment agreement with CFO Paul Heary at $231K base salary

TAYLOR DEVICES, INC.

One-year term from September 11, 2023, with automatic annual renewals unless either party gives 90 days' notice.
If company does not renew or terminates without cause, Heary receives severance: 12 months salary plus COBRA reimbursement.
Base salary set at $231,000 per year, subject to board discretion for increases.
Heary eligible for incentive compensation plan based on company performance per board approval.

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