Crown Crafts CEO gets amended agreement: $400K base, 2x severance

CROWN CRAFTS INC

Minimum base salary set at $400,000, subject to annual Board review.
Severance equals 2x (base salary + highest bonus in last 3 years) on termination without cause or for good reason.
Severance paid in lump sum within Change-in-Control period; otherwise 24 monthly installments.
Time-based equity awards vest immediately on qualifying termination; performance-based vest as per award agreement.
Non-compete and non-solicit restrictions apply during employment and up to 2 years post-termination.

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