Offer letter dated January 28, 2021 by and between Chase Corporation and Michael J. Bourque
A Leading Manufacturer of Protective
Materials for High Reliability Applications
Global Operations Center
295 University Avenue
Westwood, MA 02324
Phone: 781 ###-###-####
Fax: 781 ###-###-####
January 28, 2021
Michael J. Bourque
It is with great pleasure that we extend to you an offer of employment with Chase Corporation as Treasurer and Chief Financial Officer in our Westwood office. Your start date will be mutually agreed to on or about February 2, 2021 pending a vote by our Board of Directors.
This position is an exempt position reporting to Adam Chase, President & CEO. The details of the offer are outlined below:
$1,000/mo paid in first paycheck of month
Cash Bonus at Target
60% of base
Target Total Cash
LTIP at Target
60% of base
Target Total Direct Compensation
Executive Life Insurance at three times your annual salary
18 days PTO per calendar year
13 Paid holidays
Severance in the event of a change in control
Eligibility for the Executive Non-Qualified Deferred Savings Plan
Your base salary will be reviewed annually. Any increase, if awarded, will be effective on September 1, 2021 after the completion of a formal performance evaluation. Your salary and performance will be reviewed on an annual basis thereafter.
We offer a comprehensive benefits package which will be reviewed during your new hire orientation. This offer is contingent upon a successful background check and your execution of an Employee Confidentiality, Non-Competition, Non-Solicitation, Patents and Inventions Agreement.
This offer is not a contract and supersedes any previous offer or representation. Your employment with Chase Corporation will be “at will”.
We look forward to you joining the team and supporting the growing Chase Corporation businesses. We are confident that your past experience and expertise will provide a solid foundation for our mutual benefit.
Please indicate your acceptance of this offer by signing below.
Vice President, Human Resources
Accepted: Michael J. Bourque ___________________________ Date: ______________