Description of Oral Compensation Arrangement with Kai-Hsiang Lin as Vice President of Finance

Contract Categories: Human Resources › Employment Agreements
Summary

Naked Brand Group, Inc. has agreed to compensate Kai-Hsiang Lin, its Vice President of Finance, with an annual salary of $140,000. Mr. Lin is also eligible to participate in the company's benefit and long-term equity incentive plans and is entitled to three weeks of vacation. These terms outline the key compensation and benefits for Mr. Lin's role with the company.

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EX-10.40 2 exhibit10-40.htm EXHIBIT 10.40 Naked Brand Group, Inc. - Exhibit 10.40 - Filed by newsfilecorp.com

Exhibit 10.40

Description of Oral Arrangement with Kai-Hsiang Lin

In connection with Mr. Lin’s services as the Company’s Vice President of Finance, the Company has agreed to provide Mr. Lin the following compensation terms and benefits:

  1.

Annual cash salary equal to $140,000;

     
  2.

Eligible to participate in the Company’s benefit plans;

     
  3.

Eligible to participate in the Company’s long-term equity incentive plans; and

     
  4.

Entitled to 3 weeks’ vacation.