Dyadic formalizes CFO employment agreement; base salary $269,024

DYADIC INTERNATIONAL INC

CFO Ping Rawson receives annual base salary of $269,024 under new employment agreement.
Eligible for annual target bonus up to 25% of base salary, tied 50% to company performance and 50% to individual goals.
Severance: if terminated without cause or for good reason, receives 12 months base salary and benefits plus pro-rata bonus.
One-year non-compete and two-year non-solicitation of employees, vendors, and customers.
Annual equity awards anticipated as stock options with 4-year vesting; discretionary additional bonuses possible.

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