Offer Letter

Title: Chief Accounting Officer & Treasurer

Base Salary: Your annual salary will be $380,000 per year paid in bi-weekly installments in accordance with the Company’s prevailing payroll practices, less withholding and deductions authorized under applicable law.

Bonus Opportunity: You will be eligible to participate in the PCHI Annual Incentive Plan (AIP), a cash incentive program under which your payout is based on the Company’s financial performance, subject to its terms and conditions. Your target bonus will be 40% of your annual salary. The actual bonus payout may range 0% to 200% of target based on performance. Provided you start your employment before October 1st, you will be eligible for AIP for the current fiscal year, and any such AIP bonus earned will be pro-rated in accordance with your start date.

Sign-on: You will receive USD $30,000.00 in March of 2023. In the event you remain in the position for less than 12 months from your start date, you will pay the full amount back to the Company, within 30 days of your departure from the Company.

Long Term Incentive Program (LTIP): During your employment, you may be eligible to receive annual equity grants each year, typically in March, solely at the discretion of the Compensation Committee of the Board of Directors. Target grant values are expressed as a percentage of your annual salary. In your position, your target annual grant value will be 40% of your annual salary. If hired after February 1^st, your first equity grant will be prorated based on your start date. The grant date will be the first business day of the calendar quarter following your start date. Any actual grants will be determined based on your position, performance, time in job and other criteria the Company determines in its sole discretion, which are subject to change. You will also be required to sign an agreement governing the grant(s), which you will receive under separate cover at the time of any grants.

Employee Benefits: As a full-time employee, you are eligible to participate in our comprehensive employee benefits programs. These include, but are not limited to, medical, dental, vision, life insurance, short and long term disability, the Company’s 401(k) Plan, and unlimited vacation days per year. We are enclosing a summary of benefits highlighting these programs.

Confidentiality: As an employee of PCHI, you will keep all proprietary information regarding the Company, its products and its customers confidential during your employment and at all times thereafter. Upon termination of your employment, in certain instances, you will not interfere with or compete against the Company for a period of one year. You will be required to execute a confidentiality agreement upon hire.

Discounts, Additional Benefits and Programs: As of your date of hire, you will be eligible for our 30% Employee Merchandise Discount. You can find information on additional discounts, perks and benefit programs via the 2020 Benefits Guide available on My.ADP.com.