Aviat Networks enters new employment agreements with CEO, CFO, GC, and VP Marketing

AVIAT NETWORKS, INC.

CEO Peter Smith: base salary $650k, target annual bonus 142% ($923k min for 2024), LTIP target 354%.
CFO David Gray: base $364,208, target bonus 50% ($182,104 min 2024); GC Erin Boase and VP Gary Croke each $318k/$260k base, 40% bonus target.
Severance on qualifying termination: 1.5x (CEO) or 1x (others) of salary plus prorated target bonus; COBRA up to 12 months.
Change-in-control termination: same multiples plus full equity vesting (performance at target) and COBRA up to 18 months.
Agreements include 12-month non-compete and perpetual confidentiality; initial term one year with auto-renewal.

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