KLDiscovery Ontrack, LLC Salary Restoration Agreement with Christopher Weiler (June 2021)
KLDiscovery Ontrack, LLC and Christopher Weiler have agreed to restore Mr. Weiler's base salary to its original amount following a temporary reduction due to the COVID-19 pandemic. Effective at the start of the July 2, 2021 pay period, his annual salary will return to $500,000, with a bi-weekly pay of $19,230.77. All other employment terms remain unchanged. Mr. Weiler confirmed his acceptance by signing the letter on July 14, 2021.
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| Exhibit 10.1 |
June 15, 2021
Christopher Weiler
Dear Chris,
As part of the KLD response to the COVID-19 global pandemic, you previously agreed to temporarily adjust your base salary. Effective at the beginning of the July 2, 2021 pay period, your pay will be restored to the amount prior to any voluntary, temporary pay reductions.
Temporary annualized base salary: $300,000
Temporary calculated bi-weekly amount (annualized salary/26): $11,538
Fully restored annualized based salary: $500,000
Fully restored calculated bi-weekly amount: $19,230.77
All other terms and conditions of your employment remain unchanged.
To confirm your acceptance of this pay change, please sign and return this letter.
Sincerely,
/s/ Lindsey Hammond
Lindsey Hammond
VP, Global Talent
I accept the above change to my base salary and acknowledge that this change is now part of my employment agreement for the period stated.
| Name |
| Christopher Weiler |
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| Signature |
| /s/ Christopher Weiler |
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| Date |
| July 14, 2021 |
| KLDiscovery Ontrack, LLC |
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| 8201 Greensboro Drive, Suite 300 |
| kldiscovery.com |
| McLean, VA 22102 |
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