Stephen G. Berman and JAKKS Pacific, Inc. agreed to amend the terms of the Amended Employment Agreement, extending the term through December 31, 2026, granting restricted stock units, and outlining performance bonus opportunities for fiscal years 2025 and 2026.
The employment agreement term was extended to December 31, 2026.
Stephen G. Berman was granted 183,748 Restricted Stock Units, vesting in two equal installments on October 25, 2025, and October 25, 2026.
A performance-based bonus award was established for fiscal years 2025 and 2026, ranging from 25% to 300% of the base salary, based on the company's EBITDA.
Restricted Stock Units will be issued to Executive on the first business days of 2025 and 2026.
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