Summary Compensation Agreement for Janet Hawkins as President, Franchise Division of RemedyTemp, Inc.
RemedyTemp, Inc. has approved new compensation terms for Janet Hawkins upon her appointment as President of its Franchise Division. Effective December 2, 2004, her annual base salary is set at $260,000, with eligibility for a bonus up to 50% of her salary based on company and division performance. She will also be reimbursed for certain social club dues. Additionally, on April 25, 2005, she was granted 6,000 stock options under the company's 1996 Stock Incentive Plan, vesting in 20% increments annually from the grant date.
Exhibit 10.1
Summary Compensation Information
for Janet Hawkins
In connection with the appointment of Janet Hawkins to President, Franchise Division of RemedyTemp, Inc. (the “Company”), the Leadership Development and Compensation Committee of the Company’s Board of Directors approved an increase in Ms. Hawkins’ compensation, effective as of December 2, 2004. Ms. Hawkins’ annual base salary was increased to $260,000 and she will be eligible for a potential bonus up to 50% of her base salary. Ms. Hawkins’ bonus will be determined based on corporate and Franchise Division objectives. Ms. Hawkins will also be reimbursed for certain social club dues. In addition, on April 25, 2005, Ms. Hawkins was granted 6,000 options to acquire shares of the Company’s Class A Common Stock at a per share exercise price equal to the fair market value on such date, pursuant to the Company’s 1996 Stock Incentive Plan. These options vest in equal annual installments of 20% on each anniversary of the grant date.
