eBay Inc. Retention Bonus Plan Agreement with Jeff Jordan (2000–2004)

Contract Categories: Human Resources › Retention Agreements
Summary

This agreement between eBay Inc. and Jeff Jordan outlines a retention bonus plan designed to encourage Mr. Jordan to remain employed with the company from 2000 to 2004. Under the plan, Mr. Jordan is eligible to receive annual retention bonuses on specified dates, provided he is still employed by eBay on each payment date. If his employment ends before a payment date, he forfeits that year's bonus and any future bonuses. The bonuses are subject to standard payroll deductions.

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EX-10.17 5 f70837ex10-17.txt EXHIBIT 10.17 1 EXHIBIT 10.17 EBAY INC. TO: JEFF JORDAN FROM: EBAY RE: RETENTION BONUS PLAN DATE: MAY 16, 2000 - -------------------------------------------------------------------------------- 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 2000-2004. RETENTION BONUS SCHEDULE: Under the Plan, you are eligible to earn annual retention bonuses for the years 2000 through 2004, under the following schedule:
BONUS PAYMENT DATE BONUS AMOUNT ------------------ ------------ May 16, 2001 $314,000 May 16, 2002 $298,000 May 16, 2003 $282,000 May 16, 2004 $266,000
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: May 16, 2000 - ----------------------------- ------------------------------ JEFF JORDAN