Turtle Beach Corporation Retention Plan Participation Letter Agreement with John Hanson (November 19, 2021)

Contract Categories: Human Resources › Retention Agreements
Summary

Turtle Beach Corporation has offered John Hanson participation in its Retention Plan as an Extended Participant. This agreement outlines that John may be eligible for enhanced severance benefits if the company undergoes a Change in Control, subject to the terms of the Plan. The company reserves the right to amend or terminate the Plan before any Change in Control occurs. The terms and participation in the Plan are confidential, and John must not disclose them except to his attorney, accountant, or immediate family. John acknowledges and accepts these terms by signing the letter.

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EX-10.2 3 exhibit10-2.htm LETTER AGREEMENT BETWEEN TURTLE BEACH CORPORATION AND JOHN HANSON DATED NOVEMBER 19, 2021
Exhibit 10.2



November 19, 2021

PERSONAL AND CONFIDENTIAL



Dear John Hanson:

Turtle Beach Corporation (the “Company”) is pleased to offer you participation in the Turtle Beach Corporation Retention Plan attached hereto as Exhibit A (the “Plan”) as an Extended Participant.  Capitalized terms not defined herein shall be defined as set forth in the Plan.

As a participant in the Plan, you may be eligible for enhanced benefits relating to severance payments if the Company has a Change in Control.  Your right to the enhanced benefits provided for under the Plan is subject to the terms and conditions of the Plan.  As set forth in the Plan, the Company may, at its sole discretion, amend or terminate the Plan and any payments or benefits provided under the Plan at any time prior to a Change in Control.

The terms of the Plan and your participation in the Plan are strictly confidential matters.  You shall not disclose any information concerning such matters to any person except you attorney, your accountant and your immediate family.

Please acknowledge your participation in the Plan and your agreement to the terms and conditions of the Plan by signing this letter.  Please keep this letter with your copy of the Plan for your records.  If you have any questions about the Plan, please do not hesitate to contact me.
Very truly yours,

/s/ Juergen Stark

By: Juergen Stark, CEO



ACKNOWLEDGED AND ACCEPTED:

/s/ John Hanson
Date:  November 19, 2021