Sleep Number Corporation Executive Tax and Financial Planning Program (Revised May 11, 2021)

Contract Categories: Human Resources › Compensation Agreements
Summary

Sleep Number Corporation offers a program for its CEO and Executive Vice Presidents to receive reimbursement for certain tax and financial planning services. The CEO can be reimbursed up to $20,000 per fiscal year, while Executive Vice Presidents are eligible for up to $10,000. Covered services include tax preparation, financial and estate planning, and stock-related legal fees, but not money management or brokerage fees. Reimbursements are treated as taxable income and must be claimed before the last payroll of the fiscal year in which services are provided.

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EX-10.15 2 a2023-q4ex1015.htm EX-10.15 Document
EX 10.15

SLEEP NUMBER CORPORATION

Executive Tax and Financial Planning Program
(Revised May 11, 2021)


Summary
◦CEO eligible for up to $20,000 per fiscal year of executive tax and financial planning services.
◦Executive Vice Presidents eligible for up to $10,000 per fiscal year of executive tax and financial planning services.
◦Reimbursable services include tax preparation and planning, financial planning, estate planning, employer stock & stock option planning and related legal fees. Money management fees and brokerage fees are not reimbursable.
◦All amounts will be considered taxable wages to executives and will not be “grossed up” for any resulting taxes.
◦Services must be performed, invoiced and turned in prior to the last payroll in the fiscal year of services provided.