Pay Change Letter, dated June 15, 2021, by and between KLDiscovery Inc. and Krystina Jones
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| Exhibit 10.3 |
June 15, 2021
Krystina Jones
Dear Krystina,
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.
Current Temporary annualized salary (Total Wages): $490,000
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| • | Base Salary: $340,000 |
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| • | Non-Recoverable Draw: $150,000 |
Fully restored annualized salary (Total Wages): $575,000
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| • | Base Salary: $425,000 |
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| • | Non-Recoverable Draw: $150,000 |
All other terms and conditions of your employment remain unchanged. Nothing in this letter constitutes a change to any of the terms and conditions of your current Sales Commission Plan.
To confirm your acceptance of the 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.
| Name |
| Krystina Jones |
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| Signature |
| /s/ Krystina Jones |
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| Date |
| July 9, 2021 |
| KLDiscovery Ontrack, LLC |
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| 8201 Greensboro Drive, Suite 300 |
| kldiscovery.com |
| McLean, VA 22102 |
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