Intuit Executive Promotion and Compensation Agreement with Marianna Tessel (November 2018)

Contract Categories: Human Resources › Compensation Agreements
Summary

This letter from Intuit confirms the promotion of Marianna Tessel to Executive Vice President & Chief Technology Officer, effective January 1, 2019. It outlines her new compensation, including an increased base salary, a higher incentive plan target, and details of equity awards. The agreement specifies that certain equity grants are subject to the terms of Intuit’s 2005 Equity Incentive Plan and required approvals. The letter is signed by Sasan Goodarzi, EVP & General Manager, SBSEG, and serves as formal notification of her new role and compensation package.

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EX-10.44 3 fy20q4-ex1044.htm EXHIBIT 10.44 Exhibit
Exhibit 10.44

    

November 7, 2018

Marianna Tessel



Dear Marianna,

You are a valued and important leader and you play a critical role in Intuit’s mission to power prosperity around the world. I’m delighted to confirm your promotion to Executive Vice President & Chief Technology Officer. This promotion recognizes both the increased scope and impact your role has across Intuit, as well as your excellent performance.

I’m pleased to provide you with details of your new compensation which will be effective, January 1, 2019:

Current Base Salary
New Base Salary
 
 
$459,000
$575,000 (+25%)
 
 
 
 
 
 
 
Current IPI Target
New IPI Target*
 
 
60%
90%
 
 
 
 
 
 
 
Equity
 
 
 
FY18 Focal Award Grant
January 2019 Promotion Grant
 
 
$1,500,000 (Grant Value)
$1,500,000 (Grant Value)
 
 
 
 
 
 
 
 
Projected July 2019 Focal Award Grant**
 
 
 
$4,000,000 (Grant Value)
 
 
 
 
 
 
 

*FY19 IPI bonus will be prorated based on number of days in each position
** Subject to the terms and conditions of the Intuit Inc. 2005 Equity Incentive Plan and CODC approval
***Includes projected July 2019 focal equity grant
I look forward to seeing your success and development in this expanded role. I am confident you will continue to achieve great outcomes for Intuit and be a boundaryless leadership role model for others.

Congratulations,

/s/ Sasan Goodarzi
Sasan Goodarzi
EVP & General Manager, SBSEG

cc: Laura Fennell