CEO Compensation Adjustment Memo between TaskUs and Bryce Maddock
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Summary
This memo informs Bryce Maddock, CEO of TaskUs, that his base salary will increase from $30,000 to $40,000 effective February 1, 2023. It also advises him to adjust his 401(k) contribution rate to 57% to reach the annual limit of $22,500 and notes that his company-paid life insurance will be updated to match his new salary. All other employment terms remain unchanged. Bryce is required to review his 401(k) contributions by March 15, 2023, and acknowledge the memo by signing it.
EX-10.34 7 exhibit10342022.htm EX-10.34 Document
Exhibit 10.34
Pay Memo: Bryce Maddock
EID:
Dear Bryce,
Congratulations! Effective February 1, 2023, your base salary as CEO will increase to $40,000.
| Current Base Salary | $30,000.00 | ||||
| New Base Salary | $40,000.00 | ||||
| Bonus | $0 | ||||
Further, your 401(k) contributions are currently set up for a 58% deduction of your base salary, In order to obtain the $22,500 at year end, your 401(k) deductions should be changed to 57%. It is highly recommended that you review your contributions no later than March 15, 2023.
Additionally, your company paid life insurance will be adjusted to $40,000 which is the maximum amount for your base salary.
You will be paid in accordance with TaskUs’ standard payroll practices and subject to all withholdings and deductions required by law. All other terms and conditions of your employment remain the same.
I have read and understand the foregoing provisions of this Memo. Agreed to and accepted by:
_/s/ Bryce Maddock________________________ February 28, 2023
Bryce Maddock Date
