Chairman of the Board Compensation Confirmation Letter between Snyder’s-Lance, Inc. and Michael A. Warehime (2014)

Contract Categories: Human Resources › Compensation Agreements
Summary

This letter from Snyder’s-Lance, Inc. confirms that Michael A. Warehime’s annual compensation for serving as Chairman of the Board in 2014 will remain as set in the original Agreement and Plan of Merger (dated July 21, 2010), as amended, and as further detailed in previous letters from the company. The letter serves as an official amendment to the compensation terms for Mr. Warehime’s role for the specified year.

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EX-10.31 3 lnce-12282013xex1031.htm CHAIRMAN OF THE BOARD LETTER LNCE-12.28.2013-EX10.31


EXHIBIT 10.31
                            
13024 Ballantyne Corporate Place
Harris Building Suite 900
Charlotte, NC 28277
(704) 554-1421


December 13, 2013





Michael A. Warehime
Snyder’s-Lance, Inc.
1250 York Street
Hanover, PA 17331

Re: Compensation

Dear Mike,

This is to confirm that the Agreement and Plan of Merger dated as of July 21, 2010, as amended, among Lance, Inc., Lima Merger Corp. and Snyder’s of Hanover, Inc., is hereby further amended to provide that your annual compensation for serving as Chairman of the Board of Snyder’s-Lance, Inc. for 2014 be the same as provided in the Agreement and Plan of Merger, as amended, and as modified and specified in the letters dated February 9, 2012 and February 8, 2013 to you from David V. Singer.

Very truly yours,

/s/ Carl E. Lee, Jr.                    

Carl E. Lee, Jr.
President and Chief Executive Officer