Christopher Weiler Base Salary Adjustment Agreement (February 2020)
This agreement between Christopher Weiler and the company confirms a change to Mr. Weiler's base salary, effective February 24, 2020. His annual base salary is reduced from $490,000 to $400,000, with the corresponding bi-weekly pay adjusted accordingly. All other terms of his employment remain the same. Mr. Weiler's acceptance is confirmed by his signature on the letter.
Exhibit 10.1
February 24, 2020
Christopher Weiler
Dear Chris,
You have agreed to a base salary pay change, effective February 24, 2020. The details of this pay change are outlined below.
Current annualized base salary: $490,000
Calculated bi-weekly amount (annualized salary/26): $18,846
New annualized base salary: $400,000
New calculated bi-weekly amount (annualized salary/26): $15,385
% of Pay Change: 18.37%
All other terms and conditions of your employment remain unchanged.
To confirm your acceptance of the pay change, please sign and return this letter.
Sincerely,
/s/ Lindsey Hammond
Lindsey Hammond
Sr. Director, Global Talent
___________________________________________________________________________________
I accept the above change to my base salary and acknowledge that this change is now part of my employment agreement.
NameChristopher Weiler
Signature/s/ Christopher Weiler
Date5/7/2020
