BioScrip, Inc. Senior Vice President, Infusion Sales Promotion and Compensation Agreement with Brian Stiver

Contract Categories: Human Resources › Employment Agreements
Summary

BioScrip, Inc. offers Brian Stiver a promotion to Senior Vice President, Infusion Sales, effective July 30, 2012, with a new bi-weekly salary of $10,576.93. Brian will report to the CEO and is eligible for a management incentive bonus of up to 40% of his base salary, subject to company and individual performance and continued employment. The agreement supersedes all prior offers and represents the sole terms of his promotion and compensation.

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EX-10.25 3 bios-ex1025xx20131231x10k.htm EXHIBIT BIOS-EX10.25--20131231-10K

Exhibit 10.25


July 30, 2012


Brian Stiver
471 San Gabriel Court
Sierra Madre, CA 91024


Dear Brian,

This letter is to confirm our offer to you for the Senior Vice President, Infusion Sales position reporting to Rick Smith, Chief Executive Officer. We are delighted to offer you this promotion, Brian!

Your salary will be increased to $10,576.93 bi-weekly, subject to applicable taxes and other withholdings. Your promotion and salary increase will be effective July 30, 2012.

Additionally, you would be eligible to participate in BioScrip’s Management Incentive Bonus Program as long as you remain continuously employed with BioScrip through the date that the bonus is paid. You would be eligible for a bonus of up to 40% of your base salary with the pool determined by the Company and the Board of Directors and subject to corporate, departmental and individual objectives being met. Your participation in this plan would be prorated based on your promotion date. This plan is subject to change.

For clarification and the protection of both you and the Company, your acceptance of this offer represents the sole agreement between you and the Company. No prior promises, representations, and/or understandings relating to the offer of employment as set forth in this letter are to be considered part of this letter. This offer supersedes all prior offers, both verbal and written.

If you have any questions regarding this offer, please don’t hesitate to call me at ###-###-####.
Congratulations! We look forward to your success in this important role.


Sincerely,

/s/ Erinn Wainscott

Erinn Wainscott                Agreed and Accepted:
Manager, Human Resources
BioScrip, Inc.
513 ###-###-####                 /s/Brian Stiver
Fax ###-###-####                Brian Stiver                    Date