May 12, 2021
I am pleased to confirm your offer of employment at Everside Health. We look forward to your first day of work on June 14, 2021. You will be working as our Chief Financial Officer reporting to Chris Miller, CEO. The position will be remote based in the Chicago, IL area. The following represents the terms and conditions in this regard:
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Your base salary for this position will be $400,000 per annum, less standard deductions and authorized withholdings.
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In addition, you will be eligible to receive an annual performance bonus of 100% of your base pay. You will be eligible for the full bonus potential for 2021 performance, with a bonus guarantee of a minimum of $150,000 for 2021. This is a discretionary bonus and payable in a manner consistent with our practices and procedures.
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You will receive a sign-on bonus $100,000 following your start date. If your employment with Paladina terminates before 12 months, for cause or if you voluntarily resign, you will be asked to return a pro-rated portion of the bonus.
Your position is exempt under the wage and hour laws. You will be paid bi-weekly pursuant to our normal payroll practices. Your status will be that of a regular full-time benefit eligible teammate. Any further salary increases will be based upon Everside Healths compensation program and your performance.
Subject to approval by the Employers Board of Directors, Employee will receive an equity-based award which award will be structured as profits interests in the Employer. Upon approval of the Board of Directors Employer shall award to Employee: 1,423,310.96 Value A Units, 837,241.74 Value B Units, 1,458,421.10 Value C Units, and 1,770,939.91 Value D Units, subject to the terms and conditions of the separately provided Award Agreement. Subject to the terms and conditions of the Award Agreement twenty-five percent (25%) of each class of the Value Units granted to Employee herein shall vest on the first anniversary of your first date of employment (the Vesting Commencement Date and Issue Date), with the remaining portion of each class of such Value Units vesting thereafter in thirty-six (36) substantially equal monthly installments such that one-hundred percent (100%) of each class of the Value Units granted as of the Issue Date shall become fully vested on the fourth anniversary of the Vesting Commencement Date. For the avoidance of doubt, the foregoing vesting schedule requires the continued employment of Employee by Employer through each applicable vesting date as a condition to the vesting of the applicable installment of the Value Units granted herein.
You will be eligible to receive health and disability insurance benefits, as well as other related benefits, under the same terms and conditions generally applicable to Everside Health teammates at the similar level of compensation and responsibility. You will be eligible to participate in Everside Healths comprehensive health and disability insurance plans on the first of the month following your date of hire. You will be receiving a summary of Everside Healths benefits outlining your choices.
1400 Wewatta Street, Suite 350 Denver, CO 80202