Exhibit No
EX-10.69 4 v16354exv10w69.htm EXHIBIT 10.69 exv10w69
EXHIBIT 10.69
KEY TERMS OF COMPENSATION ARRANGEMENT
NAME: | Lisa M. Harper | |
TITLE: | Chief Creative Officer | |
BASE SALARY: | $645,000 | |
BONUS PLAN: | Target payout at 100% of base salary. | |
HEALTH BENEFITS: | Medical, dental and vision insurance. | |
401K: | 4% match, eligible after 6 months. | |
MANAGEMENT CHANGE OF CONTROL PLAN: | If involuntary termination, but not for death, disability or cause, at any time within 18 months following the change of control, eligible to receive a payment equal to three times annual salary and a pro-rated bonus, in a single lump sum payment, less applicable taxes, and benefits coverage for 18 months. | |
MANAGEMENT SEVERANCE PLAN: | Eligible to receive a lump sum severance payment equal to 50% of gross base salary if involuntarily terminated other than for death, disability or cause. |