Offer Letter for EVP & Chief Financial Officer Position – Brian Evanko and Cigna Corporation
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Summary
This letter from Cigna Corporation offers Brian Evanko the position of Executive Vice President and Chief Financial Officer, effective January 1, 2021. The compensation package includes a base salary of $800,000, an annual incentive target of $900,000, and a long-term incentive target of $2,800,000, totaling $4.5 million annually. The offer is subject to written acceptance by December 8, 2020, and does not affect previously awarded bonuses or stock options. Future compensation may be subject to program changes.
EX-10.37 6 exhibit1037evankoofferlett.htm EX-10.37 Document
Exhibit 10.37
David M. Cordani
President and CEO
Routing W2SLT
900 Cottage Grove Road
Hartford, CT 06152
Telephone ###-###-####
Facsimile ###-###-####
December 6, 2020
Brian Evanko
Dear Brian:
I am pleased to offer the following compensation package in connection with your assumption of the role of EVP & Chief Financial Officer, reporting to me, effective January 1, 2021, subject to your written acceptance below:
•Base Salary – will increase to a pre-tax annualized rate of $800,000.
•Annual Incentive – your annual target will increase to $900,000 for the 2021 performance year.
•Long-Term Incentive – your annual long-term incentive target will increase to $2,800,000 for the 2021 annual grant.
NEW TOTAL ANNUAL COMPENSATION OPPORTUNITY: $4,500,000
The changes above have no impact on previously awarded bonuses, stock options, or SPS grants. As an executive of the company, your compensation will be subject to any future program changes.
Brian, I look forward to continuing to partner with you.
Sincerely,
/s/ David M. Cordani
David M. Cordani
cc: K. Gorodetzer
J. Murabito
Please indicate your acceptance of our offer by signing below and returning a copy to me no later than Tuesday, December 8, 2020.
Acceptance: /s/ Brian Evanko
Date: December 8, 2020
