Aehr Test Systems enters new severance agreements with CEO, CFO, and other executives

AEHR TEST SYSTEMS

CEO Gayn Erickson: 24 months salary, 200% target bonus, full equity acceleration on change-in-control termination.
CFO Chris P. Siu: 18 months salary, 150% target bonus; other execs: 12 months salary, 100% target bonus.
Outside change in control: CEO 12 months, CFO 9 months, other execs 6 months salary, with prorated bonus and partial equity vesting.
Death or disability triggers non-CIC severance with healthcare continuation; disability includes ArmadaCare benefit.
Agreements effective August 31, 2024, superseding prior severance agreements for all named officers.

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