Employment Terms Summary for Bradley S. Jacobs as CEO and Chairman

Contract Categories: Human Resources › Employment Agreements
Summary

This agreement outlines the employment terms for Bradley S. Jacobs as Chief Executive Officer, Chairman, and Board member of the Company, effective February 9, 2016. Mr. Jacobs will report to the Board of Directors and receive a base salary of $625,000, with a target bonus equal to 100% of his base salary. The agreement also references prior employment terms from a 2011 agreement, specifically sections related to equity compensation, which remain in effect.

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EX-10.2 3 d139871dex102.htm EX-10.2 EX-10.2

Exhibit 10.2

EXHIBIT A

BRADLEY S. JACOBS

 

Start Date:

    February 9, 2016

Employee:

    Bradley S. Jacobs

Position:

    Chief Executive Officer of the Company and Chairman and a member of the Board of Directors of the Company

Reporting Person:

    Board of Directors of the Company

Base Salary:

    $625,000

2015 Bonus:

    $925,000

2015 Additional Bonus:

    $1,400,000

Target Bonus:

    100% of Base Salary

Prior Agreement:

    Employment Agreement dated as of November 21, 2011 and effective as of September 2, 2011, by and between the Company and Employee

Sections of Prior Agreement
that survive with respect to
Equity Compensation
granted under the Prior

Agreement:

    Section 3(c) and Section 3(d)