Retention Letter Agreement, dated December 13, 2019, by and among Verso Corporation and Kenneth Sawyer

Contract Categories: Human Resources - Retention Agreements
EX-10.1 2 exhibit1016302020.htm EXHIBIT 10.1 Exhibit

EXHIBIT 10.1
Verso Corporation
Corporate Headquarters
8540 Gander Creek Drive
Miamisburg, OH 45342

Name of sender
Adam St John

T  ###-###-####
E  ***@***
W www.versoco.com



December 12, 2019

Kenny Sawyer
9864 Summit Point Drive
Miamisburg, OH 45342

Dear Kenny:

We are pleased with all of your hard work and your continued commitment to Verso.

Verso is rewarding you with a retention bonus of $275,000.00. This amount, less withholding taxes, will be paid out on June 30, 2020. This bonus payment is contingent upon your continued employment with Verso through June 30, 2020.

To confirm your acceptance of this retention bonus, please sign the original copy of this letter and return it to me by 12/16/2019.

Sincerely,

/s/ Adam St. John    

Adam St. John
Chief Executive Officer

*****************************************************************

ACCEPTED BY:

/s/Kenny Sawyer    ___________
Kenny Sawyer

December 13, 2019    ___________
Date