Alloy, Inc. Compensation Arrangement for General Counsel Gina R. DiGioia (Fiscal 2004–2005)
This agreement outlines the compensation for Gina R. DiGioia, General Counsel and Secretary of Alloy, Inc., for the fiscal years ending January 31, 2005 and 2006. Ms. DiGioia is to receive a $20,000 cash bonus and 7,500 stock options for Fiscal 2004, with the options vesting in equal parts over four years. Her annual salary for Fiscal 2005 is set at $200,000, retroactive to June 1, 2005. No other compensation is specified.
EXHIBIT 10.1
ALLOY, INC.
COMPENSATION ARRANGEMENTS FOR CERTAIN NAMED OFFICERS
Fiscal year ended January 31, 2005 (Fiscal 2004) bonuses and fiscal year ending January 31, 2006 (Fiscal 2005) salary has been set for the following named officer of Alloy, Inc., as set forth below:
Named Executive | Position | Fiscal 2004 Bonus | Fiscal 2005 Salary | Other Compensation | ||||
Gina R. DiGioia, Esq. | General Counsel and Secretary | $20,000 payable in cash and 7,500 options (1) | $200,000 | None |
(1) | 1,875 options vesting on each of June 1, 2006, June 1, 2007, June 1, 2008 and June 1, 2009. |
In addition, Ms. DiGioias salary of $200,000 was made retroactive to June 1, 2005.