Skinny Nutritional Corp. Chief Sales Officer Offer Letter with Robert W. Miller
Skinny Nutritional Corp. offers Robert W. Miller the position of Chief Sales Officer starting November 1, 2011, for a three-year term with possible renewals. The agreement includes a $150,000 annual salary, 7,500,000 shares vesting over three years, performance-based annual bonuses, four weeks of vacation, full family health and dental insurance, a $1,000 monthly car allowance, and reimbursement of business expenses. If terminated without cause after one year, Miller receives six months' severance. Bonus criteria will be set within 30 days of the start date.
SKINNY NUTRITIONAL CORP.
Offer Letter
Start Date: November 1, 2011
Title: Chief Sales Officer
Term: 3 year term with mutually agreed upon renewals
Initial Stock Deal: 7,500,000 shares vested over a three year period
Salary: $150,000 per year
Annual Bonus: Three tier bonus based on performance.
Performance standards to be determined within 30 days of start date. Bonus levels are 20%, 40, and 50%. Bonus’ to be set by CEO.
Vacation: 4 weeks per calendar year.
Health/Dental Insurance: Full family coverage.
Car Allowance: $1,000 per month
Expenses: All business related expenses
Severance Period: 6 months for non cause termination, after 1 year of employment
| Skinny Nutritional Corp., | Robert W. Miller | |
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