Jet.AI enters amended employment agreements with CEO and CFO; base salaries set at $425K and $300K

Jet.AI Inc.

CEO Michael Winston and CFO George Murnane sign three-year employment agreements starting Dec 31, 2025, with automatic annual renewals.
Winston annual base salary $425,000; Murnane $300,000, with CPI-U increases each year and potential merit increases.
If market cap reaches $250M via financing or strategic transactions, Winston salary rises to $550,000 and Murnane to $425,000.
Each executive eligible for discretionary annual bonus of up to 100% of salary; up to 40% may be paid in immediately vested stock.
Upon change of control tied to flyExclusive deal, each receives $1.5M special cash bonus; severance includes 3 years salary and full vesting.

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