Signet Jewelers Retention Bonus Agreement with Mark Light

Contract Categories: Human Resources › Retention Agreements
Summary

Signet Jewelers Limited has agreed to pay Mark Light a $750,000 cash bonus if he remains an employee in good standing through August 1, 2012. This agreement is intended to recognize his contributions and ensure his continued service during the transition to a new Chief Executive Officer. The payment will be made after the specified date, subject to standard deductions.

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EX-10.1 2 mm10-0410_8ke101.htm EXHIBIT 10.1 mm10-0410_8ke101.htm
 
EXHIBIT 10.1
SIGNET
JEWELERS



Mr. Mark Light
4820 Stone Gate Blvd
Akron
Ohio
OH 44333



1 October 2010

Dear Mark:


The Board of Directors of Signet Jewelers Limited (the “Company”) values the contributions you make to the Company greatly and expects that you will play an important role in Mike Barnes’ transition into his position as the Company’s new Chief Executive Officer, effective January 30, 2011.

In recognition of the confidence and regard in which you are held, your continued contributions to the success of the Company, and in order to retain your services to the Company and its subsidiaries, the Board of Directors has agreed to make a cash payment to you of $750,000 (subject to legally required deductions), provided that you continue to be an employee of the Company in good standing on August 1, 2012.  The payment will be made as soon as practical following that date.


Yours Sincerely,


Mark A. Jenkins
Group Company Secretary