Amendment to Letter Agreement, dated August 19, 2023, between Kelly Moyer and NCR Corporation
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
