[On H.B. Fuller Company letterhead]
EX-10.1 2 dex101.htm AMENDMENT, DATED FEBRUARY 2, 2010, TO OFFER LETTER Amendment, dated February 2, 2010, to offer letter
Exhibit 10.1
[On H.B. Fuller Company letterhead]
| H.B. Fuller Company | ||
| 1200 Willow Lake Boulevard | Correspondence to: | |
| St. Paul, Minnesota 55110-5101 | P.O. Box 64683 | |
| Phone: (651) ###-###-#### | St. Paul, Minnesota 55164-0683 |
February 2, 2010
Mr. James Owens
2 Manchester Lane
Pittstown, NJ 08867
| Re: | Your Offer Letter from H.B. Fuller Company dated June 30, 2008 (the “Offer Letter”) |
Dear Jim:
The purpose of this letter agreement is to amend the terms of your Offer Letter regarding the “Special Bonus Award.”
The “Special Bonus Award” paragraph of your Offer Letter is hereby amended to read as follows:
“Special Bonus Award: You will receive a bonus of $500,000, payable as follows:
| (1) | $250,000 payable on August 1, 2010 if you are still employed by H.B. Fuller Company on such date; and |
| (2) | $250,000 payable if you are still employed by H.B. Fuller Company and you relocate to Minnesota, with relocation expected to occur by no later than August 1, 2012. If you do not relocate to Minnesota by August 1, 2012, you will not be eligible for this $250,000 portion of the special bonus.” |
Except as provided in this letter agreement, the terms of your Offer Letter will remain unchanged.
| Sincerely, |
| /s/ Michele Volpi |
| Michele Volpi |
| President and Chief Executive Officer |
| Agreed and Accepted: | /s/ James Owens | Dated: February 2, 2010 | ||||
| James Owens |
