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Bowlero Corp. Class A ( (BOWL) ) has issued an announcement.
Bowlero Corp. has signed an employment agreement with its President, Lev Ekster, offering an annual salary of $725,000 and a bonus potential. The contract, expiring in 2026, includes termination benefits such as continued salary payments and health coverage if Ekster’s employment ends without cause. Notably, if a change in control occurs, these benefits shift to a lump sum payment. These terms are contingent on compliance with specific agreements and covenants.
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