RR Donnelley & Sons Retention Bonus and Appointment Letter for Thomas Juhase as COO of Donnelley Financial Solutions
This letter from RR Donnelley & Sons confirms the appointment of Thomas Juhase as Chief Operating Officer of Donnelley Financial Solutions, pending HR Committee approval. It grants him a $420,000 retention bonus that fully vests on October 1, 2019, provided he remains employed through that date. If the company terminates his employment without cause before then, the bonus becomes fully vested and payable. His existing employment agreement remains in effect.
Exhibit 10.25
[RR Donnelley & Sons Letterhead]
March 21, 2016
Mr. Thomas Juhase
RR Donnelley
255 Greenwich Street
New York, NY 10007
Dear Tom:
Subject to confirmation of appointment by the HR Committee of the Board of Directors, I would like to confirm that you will be named Chief Operating Officer of Donnelley Financial Solutions reporting to the CEO of Donnelley Financial Solutions.
In addition, you will receive a Retention Bonus of $420,000 that will cliff vest on October 1, 2019. You must be here on vest date in order to receive the retention bonus. However, if you do have a separation from service (within the meaning of Treasury Regulation § 1.409-A1(h), hereinafter a “Separation from Service”) initiated by the Company without cause, the Retention Bonus shall become fully vested and payable.
Your current employment agreement will remain in full effect.
Congratulations on becoming part of the management team for Donnelley Financial Solutions.
| Sincerely, | ||
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| R.R. Donnelley & Sons Company | ||
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| By: |
| /s/ Thomas Carroll |
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| Tom Carroll | ||
| EVP and Chief HR Officer | ||
