Wilkes Graham Offer Letter for Chief Financial Officer Position at Wheeler Real Estate Investment Trust

Summary

This letter offers Wilkes Graham the position of Chief Financial Officer at Wheeler Real Estate Investment Trust, reporting to the Chairman and CEO. The offer includes a starting base salary of $275,000 with scheduled increases, a monthly housing allowance until June 2017, a stock grant, eligibility for a discretionary bonus, and various benefits such as health insurance, life insurance, disability coverage, and participation in a 401(k) plan. The employment is at-will, meaning either party can end it at any time. The letter is a summary of terms and not a binding employment contract.

EX-10.1 2 wilkesgrahamofferletter.htm WILKES GRAHAM OFFER LETTER Exhibit

Exhibit 10.1

January 6, 2016

Wilkes Graham

Via Email

RE: Employment with Wheeler Real Estate Investment Trust

Dear Wilkes:

It is with pleasure that we extend this offer of employment.

Please note the following

Title: Chief Financial Officer (CFO)

Reporting to: Jon Wheeler, Chairman and CEO

Commencement Date: TBD

Base Pay:


▪	$350,000.00 gross annualized, payable as follows;

$275,000.00 base salary upon start date with base salary increases of $25,000.00 on April 1, 2016, July 1, 2016 and October 1, 2016.


▪	A net sum of $1,500.00 per month for housing allowance until June 30, 2017.


▪	Company Stock equivalent to $25,000.00 granted at signing.


▪	Eligible for discretionary year-end bonus per the Mercer report.

Benefits:


▪	Health and Dental Insurance coverage with Company paying 80% of the monthly premium for the employee only. Eligibility for coverage is effective the 1^st of the month following 30 days of employment.


▪	Company paid life insurance, short and long-term disability.


▪	Eligibility for participation in the company 401(k) will be effective the first quarter following the 6^th months of tenure.


▪	You will also receive a company paid cell phone and laptop.

Holidays/PTO:


•	You will be eligible for 16 days of vacation.


•	6 company observed paid holidays

This letter is to serve only as a confirmation of the details of employment and is not a contract of employment. Employment with Wheeler Real Estate Investment Trust is at-will, meaning that it may be terminated by either party for any reason, at any time, with or without notice.

Riversedge North

2529 Virginia Beach Blvd., Suite 200, Virginia Beach, VA 23452

757 ###-###-####▪Toll Free ###-###-####▪Fax ###-###-####

www.whlr.us

Upon receipt, if you are in agreement, please sign the acknowledgement line below and return a copy back to my attention. We look forward to a successful and rewarding relationship.

Feel free to contact me, should you have any questions at ###-###-####.

Sincerely yours,

AGREED TO & ACCEPTED

Gena Norman By: /s/ Wilkes Graham

Human Resources Director