eBay Inc. Retention Bonus Agreement with Jeff Jordan (2001–2005)

Contract Categories: Human Resources › Retention Agreements
Summary

eBay Inc. and Jeff Jordan entered into a Retention Bonus Plan under which Jeff Jordan is eligible to receive annual retention bonuses from 2002 to 2005, provided he remains employed by eBay on each bonus payment date. The agreement specifies the bonus amounts and payment dates, and states that if Jeff Jordan leaves the company before a payment date, he forfeits that year's and any future bonuses. Standard payroll deductions apply to all bonus payments.

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EX-10.20 4 f74902ex10-20.txt EXHIBIT 10.20 1 EXHIBIT 10.20 EBAY INC. TO: JEFF JORDAN FROM: EBAY RE: RETENTION BONUS PLAN DATE: APRIL 3, 2001 - -------------------------------------------------------------------------------- eBay Inc. (the "Company") is pleased to provide you with this Retention Bonus Plan ("Plan") to encourage you to remain employed by the Company. Set forth below is your Plan for 2001-2005. RETENTION BONUS SCHEDULE: Under the Plan, you are eligible to earn annual retention bonuses for the years 2001 through 2005, under the following schedule:
BONUS PAYMENT DATE BONUS AMOUNT ------------------ ------------ April 3, 2002 $224,550.00 April 3, 2003 $215,287.50 April 3, 2004 $206,025.00 April 3, 2005 $196,762.50
The retention bonuses are subject to standard payroll deductions and withholdings. You must be employed by the company on the Bonus Payment Date in order to earn and receive the retention bonus. You understand that if your employment ceases prior to the Bonus Payment Date for any reason, you will not be eligible to receive the retention bonus for that or any subsequent year and that no pro rata retention bonus can be earned. AGREED AND ACCEPTED: /s/ Jeff Jordan Date: April 3, 2001 - ---------------------------- -------------- JEFF JORDAN