WW International, Inc. Chief Financial Officer Employment Offer Letter to Felicia DellaFortuna
WW International, Inc. offers Felicia DellaFortuna the position of Chief Financial Officer, starting January 1, 2025, as a remote employee based in California. The agreement outlines a $500,000 annual base salary, a $175,000 sign-on bonus (with repayment conditions), eligibility for annual and supplemental bonuses, participation in equity and benefits plans, and severance terms if employment ends under certain conditions. The offer also covers legal fee reimbursement, paid time off, health and retirement benefits, and other standard executive perks. Employment is contingent on standard terms and company policies.
WW International, Inc.
675 Avenue of the Americas, 6th Floor
New York, NY 10010
EXHIBIT 10.5
Via e-mail
Felicia DellaFortuna
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Dear Felicia,
I am pleased to confirm our offer of employment to you for the position of Chief Financial Officer, reporting to the Chief Executive Officer of WW International, Inc. (the “Company”).
The details of your initial compensation and benefits are set forth below:
Further, you and the Company agree to negotiate in good faith the creation of an additional 2025 cash bonus plan applicable only to the CFO (the “Supplemental Plan”) and payable upon the achievement of certain to be agreed upon performance conditions. The parties will use their reasonable best efforts to finalize the Supplemental Plan within 90 days of the Hire Date. The Supplemental Plan bonus will be paid by the end of April 2026.
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Please note that this offer of employment is contingent upon: (1) Satisfactory results of your background check. You will receive a separate email regarding instructions for the completion of the background check process, (2) Your review and acceptance of the Confidentiality Agreement, and (3) Your review and acceptance of the Arbitration Agreement, subject to any modifications mutually agreed upon by the parties.
To indicate your acceptance of this offer letter, please sign and date in the spaces indicated.
Congratulations and welcome to the WW team!
Sincerely,
/s/ Tiffany Stevenson |
Tiffany Stevenson |
Chief Engagement Officer |
WW International, Inc. |
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/s/ Felicia DellaFortuna |
Felicia DellaFortuna |
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11/26/2024 |
Date |
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