Amendment, dated November 23, 2020, to the Letter Agreement dated March 4, 2020 by and between Sonia Syngal and the Registrant

EX-10.10 11 exhibit1010q32020.htm SYNGAL AMENDMENT Document

Exhibit 10.10
Two Folsom Street
San Francisco, CA 94105

November 23, 2020

Sonia Syngal    

Dear Sonia:

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 4, 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/ Bob L. Martin                                      
Bob L. Martin
Executive Chairman, Gap Inc.

/s/ Sonia Syngal                                           
Sonia Syngal

Date: November 23, 2020