Amendment to Executive Employment Agreement between GameStop Corp. and Michael K. Mauler

Contract Categories: Human Resources › Employment Agreements
Summary

This amendment updates the employment agreement between GameStop Corp. and Michael K. Mauler. Effective February 4, 2018, Mauler will serve as Chief Executive Officer. His base salary increases to $1,000,000, and his target bonus is raised to 200% of his salary. The amendment also clarifies the definition of disability for benefit purposes. All other terms of the original agreement remain unchanged.

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EX-10.2 3 exhibit102amndmnttommauler.htm MAULER EMPLOYMENT AGREEMENT AMENDMENT Exhibit
Exhibit 10.2


625 WESTPORT PKWY., GRAPEVINE, TX. 76051 P: 817 ###-###-#### F: 817 ###-###-####

March 1, 2018

Mr. Michael K. Mauler
625 Westport Parkway
Grapevine, Texas 76051
RE:    Amendment to Executive Employment Agreement
Dear Mike:
This letter agreement (this “Amendment”) amends the Executive Employment Agreement dated May 10, 2013 (the “Base Agreement”) between you (“Executive) and GameStop Corp. (the “Company”) as follows:
1.    The first sentence of Section 1 of the Base Agreement is hereby deleted and replaced with the following: “Effective February 4, 2018, Executive will be employed as the Chief Executive Officer of the Company and will have all of the duties and responsibilities of that position.”
2.    The reference to “$530,000” in Section 3(a) of the Base Agreement is hereby changed to “$1,000,000.”
3.    The reference to “100%” in Section 3(b) of the Base Agreement is hereby changed to “200%.”
4.    The following sentence is hereby added to the end of Section 4(b) of the Base Agreement: “In addition, and without limiting the foregoing, a Disability shall be deemed to have occurred if and at such time as Executive becomes entitled to receive benefits under any long-term disability plan or policy maintained by the Company.”
Except as otherwise set forth in this Amendment, all of the terms and conditions of the Base Agreement remain unchanged.
To confirm your agreement with the foregoing, please countersign this Amendment in the space below provided.
GAMESTOP CORP.
/s/ Daniel A. DeMatteo
Daniel A. DeMatteo
Executive Chairman





Mr. Michael K. Mauler
March 1, 2018
Page 2

Agreed on March 1, 2018

/s/ Michael K. Mauler
Michael K. Mauler