Confidential Separation Agreement and General Release with Michael Flanagan dated March 17, 2016
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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. |
