Urban Edge Properties enters new employment agreement with CEO Jeffrey Olson through 2027

Urban Edge Properties

New agreement extends term to Sept 1, 2027 with auto-renewal; base salary $1.1M, target bonus 110% of base.
Annual LTIP grant minimum $4.45M (50% time-based, 50% performance-based with multi-year vesting).
Severance: 2x (base+target) or 3x on change-in-control termination; includes Pro Rata Bonus and Medical Benefits.
Non-compete and non-solicitation covenants apply for one year post-termination.
Current target compensation unchanged; no one-time award for executing the agreement.

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