Chairman of the Board Compensation Confirmation Letter between Snyder’s-Lance, Inc. and Michael A. Warehime
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Summary
This letter from Snyder’s-Lance, Inc. confirms that Michael A. Warehime’s compensation for serving as Chairman of the Board in 2013 will remain the same as in 2012, as previously outlined in a letter dated February 9, 2012. The compensation terms are pursuant to the Agreement and Plan of Merger among Lance, Inc., Lima Merger Corp., and Snyder’s of Hanover, Inc. The letter is signed by the company’s Chief Executive Officer.
EX-10.5 5 lnce-3302013xex105.htm CHAIRMAN OF THE BOARD COMPENSATION LETTER LNCE-3.30.2013-EX10.5
Exhibit 10.5
13024 Ballantyne Corporate Place
Harris Building Suite 900
Charlotte, NC 28277
(704) 554-1421
February 8, 2013
Michael A. Warehime
Snyder’s-Lance, Inc.
1250 York Street
Hanover, PA 17331
Re: Compensation
Dear Mike,
This is to confirm that pursuant to 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., your compensation for serving as Chairman of the Board of Snyder’s-Lance, Inc. has been set for 2013 as the same as for 2012 and as specified in my letter to you of February 9, 2012.
Very truly yours,
/s/ David V. Singer
David V. Singer
Chief Executive Officer
