Promotion and Compensation Adjustment Letter for Kelly – Corporate Vice President, Chief Accounting Officer at NCR
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Summary
This letter from NCR to Kelly confirms her promotion to Corporate Vice President – Chief Accounting Officer, effective August 19, 2023. It outlines her new compensation package, including an increased base salary, bonus target, and long-term incentive award. The letter notes that the variable incentive target will be prorated for the partial service year. All other terms of employment remain unchanged. The letter is signed by the Executive Vice President & Chief Financial Officer, Brian Webb-Walsh.
EX-10.20 1 8 exhibit10201amendmenttolet.htm EX-10.20 1 Document
Personal & Confidential
Kelly –
In recognition of your contributions, I am very pleased to communicate your promotion to Corporate Vice President – Chief Accounting Officer. You play an important part of our ongoing strategy and success.
Today, I’m pleased to share with you compensation actions associated with your promotion:
Compensation Actions Summary (Effective August 19, 2023):
Compensation Element | Current | New | Change | |||||||||||
Job Title: | Corp. VP - Finance | Corp. VP – Chief Accounting Officer | -- | |||||||||||
Grade | E3 | E3 | -- | |||||||||||
Bonus Plan | SSP | MIP | -- | |||||||||||
Currency | USD | USD | -- | |||||||||||
Annual Incentive Base Salary | $280,160 | $320,000 | $39,840 | 14.2% | ||||||||||
Variable Incentive Target* | $126,072 (45%) | $144,000 (45%) | $17,928 | 14.2% | ||||||||||
Global Total Target Cash (GTTC) | $406,232 | $464,000 | $57,768 | 14.2% | ||||||||||
Annual Target LTI Award | $168,096 | $192,000 | $23,904 | 14.2% | ||||||||||
Total Direct Compensation (TDC) | $574,328 | $656,000 | $81,672 | 14.2% | ||||||||||
*Your variable incentive target increase is subject to pro-ration for the partial service year effective August 19, 2023.
Note: Unless notified otherwise, all other terms of your employment with NCR will remain unchanged.
In line with our pay-for-performance culture, your promotional compensation reflects your contributions to the Company, and my confidence in your ongoing contributions.
Congratulations on your Promotion. I look forward to the achievements we can accomplish together for 2023 and beyond.
Thank you for your contributions and leadership!
Regards
/s/ Brian Webb-Walsh
Brian Webb-Walsh
Executive Vice President & Chief Financial Officer
