RF Industries enters new employment agreement with CEO Dawson; base salary $425K, new option grant

R F INDUSTRIES LTD

Base salary set at $425,000/year; target bonus opportunity equal to 50% of base salary.
New 10-year option to purchase 50,000 shares at $8.69 (July 16 closing price) vests immediately.
Unvested 2017 option (50,000 shares) now vests on July 17, 2022 (25,000) and July 17, 2023 (25,000).
Term runs through Jan 31, 2023 with automatic one-year renewals; 90-day non-renewal notice required.
Upon termination without cause, severance of one year's salary plus pro-rata bonus and full equity vesting.

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