FREYR finalizes CEO Tom Einar Jensen employment agreement with NOK 7M salary, 1.5M performance options

T1 Energy Inc.

Annual base salary of NOK 7M; eligible for STIP bonus up to 100% of base salary.
One-time grant of 1,500,000 performance options; vest subject to Board-determined targets; terminate if unmet within 1 year.
From 2026, eligible for annual LTIP options vesting in 3 equal tranches over 3 years.
Severance: 12 months base salary if terminated by company; reduced to 3 months if within first 6 months.
CEO steps down as Board Chair but remains Board member; no additional compensation for board service.

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