MariMed signs 3-year employment deals for CEO, CFO, COO with base salaries and option grants

MARIMED INC.

CEO Robert Fireman, CFO Jon Levine, COO Timothy Shaw each entered new 3-year employment agreements effective July 1, 2021.
CEO base salary $350k, CFO $325k, COO $300k; each eligible for annual bonus target 75% of base salary.
CEO granted options for 5M shares vesting 50% now and 50% in 1 year; additional 5M upon stockholder approval.
COO Timothy Shaw granted options for 1.25M shares on same vesting schedule; CFO Levine terms same as CEO except salary.
Severance on without-cause/good-reason termination: lump sum = greater of $500k or 100% of annualized pay.

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