Employment Agreement, dated September 4, 2021, by and between the Company and Barry Bruno
EXHIBIT 10.21
September 4, 2021
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| To: | Barry Bruno |
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| From: | Matthew Farrell |
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| CC: | Rene Hemsey |
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Confirmation of Promotion effective dated 10/01/2021
Congratulations!
I am thrilled to offer you the position of Executive Vice President, Chief Marketing Officer as of October 1, 2021.
Base Salary - $475,000
Bonus Target – 50%
Bonus Target $ $237,500
Total Compensation at Target - $712,500
Stock Option Target – 115%
Stock Option Target $* $546,250
Total Remuneration at Target - $1,258,750
Salary Grade - US Grade Elected Officer
You will receive a stock option grant on October 1, 2021 in the amount of $150,000*. Thereafter, grants will occur beginning in June 2022.
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| Current | New | $ Change | % Change |
| Base Salary | $453,000 | $475,000 | $22,000 | 5% |
| Bonus Target % Bonus Target $ | 50% $226,500 | 50% $237,500 |
$11,000 |
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| Total Compensation at Target | $679,500 | $712,500 | $33,000 | 5% |
| Stock Option Target % Stock Option Plan $* | 93% $421,290 | 115% $546,250 |
124,960 |
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| Total Remuneration at Target | $1,100,790 | $1,258,750 | $157,960 | 14% |
I look forward to seeing the continued impact you will have on our business.
Sincerely,
Matthew Farrell
*Stock Option grant amounts represent the grant date fair value of the award.
