Summary of Compensation Terms for SVP, Chief Financial Officer Effective January 1, 2019
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Summary
This agreement outlines the compensation terms for the Senior Vice President and Chief Financial Officer, who will report to the Chief Operating Officer. Effective January 1, 2019, with the title effective December 3, 2018, the executive will receive a base salary of $500,000, a cash bonus target of $550,000, and an equity bonus target of $1,050,000 in Restricted Stock Units (RSUs). The total compensation is $2,100,000, split evenly between cash and equity. The RSUs are subject to the company's standard agreement for senior vice presidents.
EX-10.22 8 etfc-20181231xex1022.htm EXHIBIT 10.22 Exhibit
SUMMARY OF TERMS OF COMPENSATION
Title: SVP, Chief Financial Officer reporting to Chief Operating Officer
Effective Date: January 1, 2019
Title to become effective December 3, 2018
Base Salary: $ 500,000
Cash Bonus Target: $ 550,000
Equity Bonus Target: $ 1,050,000 in the form of Restricted Stock Units (“RSUs”) Total Compensation: $ 2,100,000
Other Terms: RSUs to be governed by current form of agreement applicable to SVPs
1 Compensation package is 50% Equity and 50% Cash.
