Dick's Sporting Goods Executive Vice President, CFO Employment Offer Letter to Lee
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Summary
Dick's Sporting Goods offers Lee the position of Executive Vice President and Chief Financial Officer, effective September 27, 2016. Lee will report to the Executive Vice President, Chief Operating Officer, and receive a base salary of $650,000 per year, with eligibility for an annual incentive award targeted at 75% of earnings and an annual equity award targeted at $900,000. Both awards are performance-based. Health, welfare benefits, and vacation time remain unchanged.
EX-10.3 4 dks-exhibit_103q32016.htm EXHIBIT 10.3 Exhibit
Exhibit 10.3
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www.DicksSportingGoods.com | 345 Court Street · Coraopolis, PA 15108 |
Main Phone: 724 ###-###-#### | |
September 27, 2016
Dear Lee:
Congratulations! I am delighted to offer you the position of Executive Vice President, Chief Financial Officer reporting to me. The major provisions of your offer are as follows:
Position: Your position is Executive Vice President, Chief Financial Officer with an effective date of September 27, 2016.
Base Pay: Your bi-weekly rate of pay will be $25,000.00, annualized to $650,000.
Annual Incentive: Your target incentive award remains at 75% of your eligible earnings. The award can range from 0% to 150% based on company and individual performance.
Annual Equity: Your target equity award remains $900,000. The award can range from $0 to $1,350,000 based on company and individual performance.
Health & Welfare Benefits and Paid Time Off: Your benefits and vacation time will remain the same.
Once again, we’d like to congratulate you on your promotion.
Sincerely,
/s/ ANDRÉ J. HAWAUX | ||
André J. Hawaux | ||
Executive Vice President, Chief Operating Officer | ||
