Summary of Compensation Arrangement with Mark L. Zaebst upon Retirement from Life Time Fitness, Inc.
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Summary
This agreement outlines the compensation arrangement between Life Time Fitness, Inc. and Mark L. Zaebst following his retirement as executive vice president, effective May 31, 2012. Mr. Zaebst will remain an employee of the company, receiving $1,000 per month, and is expected to continue in this role until June 2013. His previous employment agreement with the company has been terminated.
EX-10.25# 2 exhibit1025.htm SUMMARY OF COMPENSATION ARRANGEMENT FOR MARK L. ZAEBST Exhibit 10.25#
EXHIBIT 10.25#
Summary of Compensation Arrangement with Mark L. Zaebst
Upon Mark L. Zaebst's retirement from his position as executive vice president of Life Time Fitness, Inc. (the “Company”), effective May 31, 2012, Mr. Zaebst and the Company agreed that Mr. Zaebst would remain an employee of the Company and be paid $1,000 per month. Mr. Zaebst is expected to remain an employee of the Company until June of 2013. Mr. Zaebst's employment agreement with the Company was terminated.
