Essential Properties REIT enters employment agreement with CFO Salisbury; base $475K, target bonus 125%

ESSENTIAL PROPERTIES REALTY TRUST, INC.

Base salary of $475,000; minimum target annual bonus of 125% of base salary.
Initial term through May 7, 2030, with automatic one-year renewals absent notice.
Severance for without-Cause or Good Reason termination: 2x (base + avg 3-yr bonus) over 24 months; 3x over 36 months if within 24 months of Change in Control.
Equity awards granted after Effective Date become fully vested on qualifying termination (death, disability, without-Cause, or Good Reason).
12-month post-termination restrictive covenants on non-competition and non-solicitation.

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