Latch adopts retention bonuses for CEO, CFO, and CSLO totaling $662.5k

Latch, Inc.

CEO David Lillis eligible for $250,000; CFO Jeff Mayfield $225,000; CSLO Priyen Patel $187,500.
Bonuses vest upon continued employment through December 31, 2027; no acceleration on change of control.
Pro-rata payment if terminated without cause or resigns for good reason before vesting date.
Amounts subject to clawback if grounds for cause termination existed; form letter filed as Exhibit 10.1.

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