Amendment, dated November 23, 2020, to the Letter Agreement dated March 9, 2020 by and between Mark Breitbard and the Registrant

EX-10.4 5 exhibit104q32020.htm BRIETBARD AMENDMENT Document

Exhibit 10.4
Two Folsom Street
San Francisco, CA 94105

November 23, 2020

Mark Breitbard    

Dear Mark:

This letter is to confirm the extension of the existing severance provisions, which are outlined in the “Termination/Severance” section of your offer letter dated March 5, 2020 (“Offer Letter”). The Compensation and Management Development Committee of the Board of Directors (“the Committee”) has approved the extension of such severance provisions to June 30, 2024 with no other changes to such provisions.

After June 30, 2024, you will be eligible for severance, if any, as approved by the Committee under the same terms as similarly situated executive officers.

Other than as set forth above, the terms of your Offer Letter remain in effect.

Yours sincerely,

/s/ Sonia Syngal                                     
Sonia Syngal
President & Chief Executive Officer, Gap Inc.

/s/ Mark Breitbard                              
Mark Breitbard

Date: November 23, 2020