Promotion Confirmation Letter for Rose Else Mitchell to EVP, Professional Services at Houghton Mifflin Harcourt
This letter confirms the promotion of Rose Else Mitchell to Executive Vice President, Professional Services at Houghton Mifflin Harcourt, effective October 1, 2015. Her salary remains unchanged, but she becomes eligible for the 2015 Bonus Plan, with a target bonus of 75%, subject to achievement metrics and discretion of the Plan Administrators. Employment remains at-will, allowing either party to end the relationship at any time. The letter requires acknowledgment of the terms by signature.
Exhibit 10.35
| To: | Rose Else Mitchell | |
| From: | Lori Hensler, SVP, HR Strategic Partnership | |
| Date: | August 27, 2015 | |
| Re: | Promotion | |
This memo is confirming your promotion to EVP, Professional Services effective October 1, 2015. You will report to Linda Zecher.
With this promotion, your salary will not change. You are eligible to participate in the 2015 Houghton Mifflin Harcourt Bonus Plan which is operated at the discretion of the Plan Administrators. The bonus target for this position is 75%. Payment under the plan will be determined based on two components: achievement metrics and a discretionary component, as set out in the Plan document. Specific details of the Plan will be provided under separate cover and may be subject to change by the Plan Administrators.
Your employment with the Company will continue to be at-will, meaning that you or the Company may terminate the employment relationship for any or no reason, at any time, with or without notice.
Rose, we believe that you will continue to make significant contributions and are confident that this promotion will continue to offer you the growth and challenges you seek.
Congratulations on your promotion!
xc: Personnel File
By signing-below, I acknowledge that I have read and understand the terms of the offer.
Date 9/11/15
