Optex Systems Holdings enters updated employment agreement with CEO Danny Schoening

Optex Systems Holdings Inc

Base salary $296,031/yr; term ends Nov 30, 2022.
Performance bonus target 30% of base salary, based on 3-year operating plan.
RSU vesting amended: final 33% vests at change of control instead of Jan 1, 2022.
Severance: 6 months' salary on termination without cause or for good reason.
RSUs not forfeited until change of control fails by Mar 13, 2023.

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