Executive Bonus. At an appropriate time in the future, you and the Board will consider payment of an annual cash bonus.
Equity Compensation. You will continue to be eligible to participate in the Companys 2011 Stock Option and Grant Plan, as amended (or any successor thereto), or such other plans or programs as the Company shall determine. Any equity awards granted to you will be subject to the terms and conditions of the applicable plan and any applicable award agreement(s).
Severance. You will continue to be eligible for severance pursuant to the 1stdibs.com, Inc. Severance Plan (the Severance Plan) or any successor plan. The Company reserves the right to modify, suspend or terminate the Severance Plan, in its sole discretion.
Benefits. You will continue to be eligible to participate in all of the benefits that the Company provides to other senior executives of the Company, including the Companys Paid Time Off (PTO) Plan (the PTO Plan), which currently permits flexible time off, subject to the terms and conditions of the PTO Plan. Your eligibility to receive benefits will be subject in each case to the generally applicable terms and conditions for the benefits in question and to the determinations of any person or committee administering such benefits. The Company may, from time to time, in its sole discretion, amend or terminate the benefits available to you and the Companys other employees. You will continue to be covered by workers compensation insurance, state disability insurance and other governmental benefit programs as required by state law.
Reimbursement of Expenses. You will continue to be authorized to incur reasonable expenses in carrying out your duties for the Company under this letter and will be eligible for reimbursement for all such reasonable business expenses in accordance with the Companys expense and travel reimbursement policies in effect from time to time.
Adjustment and Changes in Employment Status. The Company reserves the right to make personnel decisions regarding your employment, including but not limited to decisions regarding any transfers or other changes in duties or assignments, changes in your salary and other compensation, changes in benefits and changes in Company policies or procedures.
Confidentiality Agreement. Your continued compliance with your Employee Assignment of Intellectual Property, Confidentiality, and Non-Competition Agreement, dated November 1, 2011, between you and the Company (the Confidentiality Agreement) is a condition of your continued employment with the Company.
Adherence to Company Policies. You acknowledge that you will continue to be bound by, and abide by, the Companys policies. In addition, you acknowledge and agree that you will continue to be bound by, and abide by, any other Company policies or rules as they may currently exist, including those in the Employee Handbook, and as they may be modified or implemented from time to time.