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Urban Edge Properties (UE) has issued an announcement.
Jeffrey S. Olson has renewed his role as Chairman and CEO with an unchanged annual target compensation, maintaining his annual $1.1 million base salary and eligibility for a bonus of at least 110% of that salary. The new employment agreement, effective until September 2027 with potential annual extensions, secures Olson long-term incentive compensation through LTIP Units valued at $4.45 million. Should Olson’s service terminate, he will be entitled to severance, bonuses, and medical benefits, with the agreement including post-employment non-competition and non-solicitation clauses. Any hefty exit payments may be reduced to avoid extra taxes, ensuring Olson the best after-tax outcome.
See more data about UE stock on TipRanks’ Stock Analysis page.