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FTI Consulting, Inc.
555 12th Street NW
Washington, DC 20004
+ 1 ###-###-#### telephone
+ 1 ###-###-#### facsimile
March 1, 2019
8251 Greensboro Drive
McLean, Virginia 22102
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Chief Accounting Office and Controller
FTI Consulting Inc. (the Company) is pleased to offer you the position of Chief Accounting Officer and Controller ( CAO) of the Company effective March 18, 2019 (the Effective Date). In this role, you will report directly to Ajay Sabherwal.
You will continue to be classified as a Full-time, Exempt, Regular employee at an annualized base salary rate of $400,000, which will be paid in bi-weekly increments of $15,384.61, minus taxes and withholdings. You will also be awarded 7,500 shares of restricted stock of FTI Consulting that will vest one-fifth on each of the first five anniversaries of the date of the grant. The date of grant shall be the later of (i) the date of approval by the Compensation Committee or (ii) the date you commence employment in the position of CAO.
You will remain eligible to participate in the FTI Discretionary Incentive Plan with a bonus target of 50% of base salary per annum. At the absolute discretion of FTI, any discretionary bonus, if awarded, will be paid in March of the year following the bonus year to which it relates, based on individual and company performance during the prior calendar year and provided you are an employee in good standing on the date the bonus is paid. Participation in or payments under the FTI Discretionary Incentive Plan for any year will not confer on you any right to participate or to be paid in the following year or any subsequent years.
In the event your employment is terminated without cause, you will be entitled to a lump sum payment equal to 12 months of annual base salary based on your then current base salary for the year of termination.
This offer letter is contingent upon all necessary approvals from FTIs Board of Directors and Compensation Committee.
It is understood that the nature of this employment relationship is at-will. Employment may be terminated by either party for any reason at any time, with or without cause.
Section 409A Compliance.
(a) General. If you notify the Company (with specificity as to the reason therefor) that you believe that any provision of this Offer Letter (or of any award of compensation or benefits) would cause you to incur any additional tax or interest under Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively Code Section 409A) and the Company concurs with such belief or the Company (without any obligation whatsoever to do so)