Airship AI formalizes President Paul Allen's employment agreement; grants 400K stock options

Airship AI Holdings, Inc.

Employment agreement provides base salary of $350,000 per year for three-year term with automatic renewal.
Upon termination without cause or for good reason, Mr. Allen receives three months' severance.
Granted 100,000 immediate-vesting options at $3.27/exercise price under 2023 Equity Incentive Plan.
Granted 300,000 options vesting quarterly over four years at $3.27/exercise price.
Mr. Allen has served as President since December 2023 and previously as President of subsidiary Airship AI.

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