Addendum to Offer Letter for Tracy Pearson – Signing Bonus Terms (Veritiv Corporation)

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This addendum to Tracy Pearson's offer letter from Veritiv Corporation confirms she will receive a one-time signing bonus of $815,000, paid by December 31, 2016, after tax withholdings. The company waives the previous requirement that she remain employed for two years to keep the bonus. Tracy Pearson must sign and return the addendum by November 21, 2016 to accept these terms.

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EX-10.11 3 vrtv-20171231xexhibit1011.htm EXHIBIT 10.11 Exhibit





Exhibit 10.11

November 15, 2016

Ms. Tracy Pearson
255 Ridgewood Drive
Piperton, TN 38017


Dear Tracy,

As we discussed, this is an addendum to your offer letter dated September 16, 2016.

According to the terms of your offer, you will receive a one-time signing bonus in the gross amount of $815,000. This one-time signing bonus will be paid not later than December 31, 2016 (and will be net of applicable tax withholdings). The Company is waiving the requirement that you remain employed by the Company for two years.

To confirm our mutual understanding, please sign this addendum and return it to me by November 21, 2016.


Yours Truly,

/s/ Elizabeth Patrick
Elizabeth Patrick
SVP, Chief HR Officer



ACCEPTED & AGREED:


/s/ Tracy L. Pearson                November 16, 2016
Tracy Pearson                        Date


1000 Abernathy Road NE, Suite 1700, Atlanta, GA 30328 | 770 ###-###-#### | veritivcorp.com
Offer Letter – Salaried Exempt