Offer letter dated August 1, 2018 by and between Chase Corporation and Christian J. Talma
Exhibit 10.1
| | A Leading Manufacturer of Protective Materials for High Reliability Applications | Global Operations Center 295 University Avenue Westwood, MA 02324
Phone: ###-###-#### Fax: ###-###-#### www.chasecorp.com
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August 1, 2018
Christian Talma
Wellesley, MA 02481
Dear Christian,
It is with great pleasure that we extend to you an offer of employment with Chase Corporation as Chief Accounting Officer, in our Westwood office with a start date of August 20, 2018.
This position is an exempt position reporting to Ken Feroldi, Chief Financial Officer. The details of the offer are outlined below:
| · | $250,000 annual base salary, paid at $9,615.38 bi-weekly |
| · | Annual Bonus with a target of 30% of base pay ($75,000) |
| · | Long-Term Incentive Plan (LTIP) with a target of 30% of your base pay to be outlined in a separate document. |
| · | Sign-on equity grant of $75,000, restricted stock with a one-year cliff vesting period |
| · | $1000/mo auto allowance paid with the first paycheck of each month |
| · | 23 days PTO per calendar year |
| · | Severance in the event of a change in control |
| · | Eligibility for the Executive Non-Qualified Deferred Savings Plan |
| · | Enrollment in our health insurance plans effective September 1, 2018. |
Your base salary will be reviewed annually. Any increase, if awarded, will be effective on September 1, 2019 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.
| Yours truly, |
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| Paula Eckel |
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| Vice President, Human Resources |
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Accepted: /s/Christian J. Talma ___________________________ Date: __August 7, 2018____________
