Promotion Offer Letter between Electronic Arts Inc. and Gerhard Florin
Electronic Arts Inc. has offered Gerhard Florin a promotion to Executive Vice President and General Manager, International Publishing, effective September 5, 2005. His new annual salary is set at GBP 314,650, with an increased annual bonus target of 60%. Any bonus for fiscal year 2006 will be prorated. Additionally, he is recommended for a stock option grant of 75,000 shares, vesting fully after four years. The letter outlines the terms of the promotion and compensation, and is signed by both parties.
Exhibit 10.4
September 2, 2005
Gerhard Florin
Dear Gerhard:
I am pleased to confirm your new leadership role at EA with a promotion to Executive Vice President and General Manager, International Publishing, effective September 5th, 2005, reporting to me.
Your new annual salary will be increased to GBP 314,650, and your annual bonus target will be increased to 60%. Any bonus earned in fiscal year 2006 will be prorated to reflect the appropriate portion of time spent in your former and new positions.
In addition, I will recommend to the Compensation Committee that you be granted a Non-Qualified Option to purchase 75,000 shares of Electronic Arts common stock in accordance with our 2000 Equity Incentive Plan. These options will be granted and priced on Friday, September 2nd, 2005, and will cliff vest 100% on the fourth anniversary of the date of grant.
Congratulations on this well deserved promotion!
Sincerely,
Lawrence F. Probst III
Chairman and Chief Executive Officer
Electronic Arts Inc.
| Accepted by candidate: | Date: | |
| /s/ Gerhard Florin | September 6, 2005 | |
| cc: | Rusty Rueff / EVP, HR |
| Personnel File |
