Management Change/Compensation - Form 8-K

On March 25, 2024, PAR Technology Corporation (the "Company") and Savneet Singh, the Company's Chief Executive Officer, entered into an amendment (the "Amendment") to the Amended and Restated Employment Letter (the "Employment Letter"), dated May 9, 2023. The Amendment removes the Company's obligation to procure and pay premiums for an individual term life insurance policy on the life of Mr. Singh providing for death benefits in the amount of $5 million. In addition, the Amendment reduces the Company's payment obligation for annual physical and diagnostic medical examinations from $15,000 to $2,000.

The preceding description of the Amendment is qualified in its entirety by reference to the full text of Amendment, a copy of which is filed herewith as Exhibit 10.1 and incorporated herein by reference.