ReposiTrak enters three-year employment agreement with CFO John R. Merrill
ReposiTrak set a three-year executive employment agreement with CFO John R. Merrill, effective Aug. 18, 2026, with automatic one-year renewals.
Base salary set at $325,000 per year, retroactive to May 16, 2026.
Annual bonus targets 60% of base salary, with a minimum annual bonus equal to 30% of the target.
Equity award of 75,000 restricted shares, vesting in four equal annual installments starting on the first anniversary.
Severance includes nine months’ salary, accelerated or continued equity vesting, nine months of COBRA, bonus payouts; double-trigger change-in-control protection.
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