Superior Group of Companies enters change in control and retention bonus agreements with Jordan Alpert

SUPERIOR GROUP OF COMPANIES, INC.

Agreements provide severance of 2x base salary plus average annual cash bonus upon qualifying termination near a Change in Control.
Retention bonus equal to base salary if Mr. Alpert remains employed 12 months after a Change in Control.
Restricted stock award of 22,007 shares granted, vesting over 3–5 years, with accelerated vesting upon a Change of Control.
Protected Period for change-in-control benefits extends from 30 days before to 24 months after a Change in Control.
Good Reason includes material reduction in authority or 50+ mile commuting increase; Cause includes willful misconduct or breach.

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