Company: SDSYA
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001163609-25-000013
Chunk: 19

Company: SOUTH DAKOTA SOYBEAN PROCESSORS LLC
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 19
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 for the greater of the remaining term of his agreement (up to a maximum of 60 months) or a 52-week period, equal to Mr. Kersting's base salary at the time of termination. If Mr. Kersting voluntarily terminates his employment or is terminated for "cause" by the Company, he has no right, and the Company has no obligation, to continue salary or other employee benefits after the date of termination.

The employment agreement prohibits Mr. Kersting from competing with the Company anywhere in North America during the term of the employment agreement and for two years thereafter. The employment agreement also restricts Mr. Kersting from disclosing certain information about the Company, interfering with the Company and soliciting customers, suppliers or past or present employees of the Company in connection with a competitive business in North America for one year after the date of termination.

On March 21, 2017, we entered into an employment agreement with Mr. Hyde which continues until terminated by Mr. Hyde or the Company.

The employment agreement with Mr. Hyde provided for an initial base salary of $124,000 and is subject to review and adjustment on an annual basis by the Chief Executive Officer of the Company. The agreement contains benefits relating to termination and change in control. In the event Mr. Hyde is terminated from employment for various reasons, he is entitled to a payment for the lesser of the number of months equal to the number of years during which Mr. Hyde was employed by the Company or 24 months, equal to Mr. Hyde's base salary at the time of termination. If Mr. Hyde voluntarily terminates his employment or is terminated for "cause" by the Company, he has

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no right, and the Company has no obligation, to continue salary or other employee benefits after the date of termination.

The employment agreement prohibits Mr. Hyde from competing with the Company anywhere in North America during the term of the employment agreement and for one year thereafter. The employment agreement also restricts Mr. Hyde from disclosing certain information about the Company, interfering with the Company and soliciting customers, suppliers or past or present employees of the Company in connection with a competitive business in North America, for one year after the date of termination.

Messrs. Carlson, Odde, and Prohaska do not have an employment agreement with us and are employed at will by the Company.

Potential Payments upon Termination or Change in Control

If our Chief Executive Officer and Chief Financial Officer would have been dismissed without cause on December