Target Hospitality enters amended employment agreements for CEO Archer and EVP/GC Lewis with extended terms through 2027

Target Hospitality Corp.

CEO Archer: base salary $850K, target bonus 133% of salary, LTIP equity target $1.9M; term through Dec 2027 with auto-renew.
EVP/GC Lewis: base salary $375K, target bonus 75% of salary, LTIP equity target $350K; same term structure.
Severance: Archer receives 125% of base+bonus on non-cause termination; change-in-control triggers 250% plus 18 months health coverage.
New form 2024 Executive RSU and PSU agreements adopted; PSU vesting tied to TSR and Diversification EBITDA with 0-200% payout range.
Lewis severance: 100% of base+bonus on non-cause termination; change-in-control provides 200% plus 18 months health coverage.

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