Summary of Compensation Changes for Dion Persson with Terminix Global Holdings, Inc.
This document outlines changes to Dion Persson's compensation following his transition from Interim General Counsel and Corporate Secretary to Senior Vice President, Special Projects at Terminix Global Holdings, Inc. Effective July 6, 2021, his annual salary was reduced from $450,000 to $250,000. He remains eligible for short-term incentive payments and the vesting of his outstanding equity awards as long as he stays with the company.
Exhibit 10.2
Summary of Changes to Compensation Package for Dion Persson
On July 6, 2021, Terminix Global Holdings, Inc. (“Terminix” or the “Company”) announced that Dion Persson would no longer serve as Interim General Counsel and Corporate Secretary and would no longer be designated as an executive officer or Section 16 officer of Terminix for SEC purposes. Mr. Persson continues to remain with the Company as Senior Vice President, Special Projects. In this capacity, effective as of July 6, 2021, Mr. Persson’s salary was reduced from $450,000 per year to $250,000 per year and he continues to be eligible for short-term incentive payments and vesting of his outstanding equity awards as scheduled while he remains with the Company.
