Sow Good, Inc. Offer Letter for Chief Financial Officer Position – Keith Terreri
Sow Good, Inc. offers Keith Terreri the position of Chief Financial Officer, starting December 4, 2023. The agreement outlines a base salary of $270,000, a bonus of up to 25% based on performance criteria, and 27,000 stock options with a multi-year vesting schedule. Benefits include health, dental, and vision coverage for the employee and spouse, as well as vacation time that increases with tenure. This letter serves as the full understanding of employment terms until a formal contract is provided within a few days of acceptance.
Exhibit 10.1
| Dear Keith Terreri, | November 13, 2023 |
We are very pleased to offer you a position with Sow Good, Inc., as our Chief Financial Officer. Your start date would be December 4th,2023. Your core responsibilities would be all CFO Functions typical for a business our size.
Your compensation package is as follows: Base Salary: $270,000
Bonus: Up to 25% of salary based on Financial, Reporting, Audit, and Team Building Criteria for Year 2024.
Stock Options 27,000 with a vesting schedule such that 60% with a vesting schedule such that 60% shall vest 3 years past grant date and 20% of the total grant shall vest on year 4 and 5.
Vacation: 3 weeks per year which begins vesting after 60 days and 4 weeks per year after your 2- year anniversary. Vacation can only be used in a maximum of two-week increments.
Health which currently is BCBS Gold, dental and vision for the employee and Spouse is covered at 100%.
Upon acceptance, this letter will constitute the entire understanding between you and Sow Good with regards to your employment with us, and no previous understanding between you and Sow Good, verbal or written shall modify this letter. SOWG will be sending a full employment contract 3-5 days after Offer Letter is signed.
If the above proposal is acceptable, please sign this letter in the space provided below and return it to Sow
Good.
Sincerely
/s/ Claudia Goldfarb
Claudia Goldfarb
CEO
| /s/ Keith Terreri | 11/13/23 | ||
| Accepted by | Date |
