Compensation Terms Agreement for Gregory E. Poling's Appointment as Executive Chairman

Contract Categories: Human Resources › Compensation Agreements
Summary

This agreement outlines the changes to Gregory E. Poling's role and compensation, effective August 1, 2019. Mr. Poling will transition from Chief Executive Officer to Executive Chairman of the Board of Directors. His base salary will change from $800,000 to $600,000, and his target bonus will remain at 100%, with the bonus prorated based on the time spent at each salary level during the year. The agreement is signed by Mr. Poling and the Chairman of the Compensation Committee.

Read More Arrow
EX-10.2 3 a2019q210-qexhibit102.htm EXHIBIT 10.2 Exhibit
EXHIBIT 10.2


Compensation Terms Gregory E. Poling
Appointment as Executive Chairman of the Board of Directors

Effective as of August 1, 2019 your role and compensation will change.
Element
Current
Effective August 1st
Role
Chief Executive Officer
Executive Chairman of the Board of Directors
Base Salary
$800,000
$600,000
Target Bonus*
100%
100%

*Bonus at end of year would be prorated based on time in salary (58.33% at $800k to August 1 and 41.66% at $600k)

I understand and agree the changes as described above.
Signed
/s/ GREGORY E. POLING
/s/ GERALD G. COLLELA
Executive Chairman
Chairman of the Compensation Committee
Date: June 27, 2019
Date: June 27, 2019