Employment Terms Summary for Gordon E. Devens as Chief Legal Officer
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Summary
This agreement outlines the employment terms for Gordon E. Devens, who will serve as Chief Legal Officer of the company starting February 9, 2016, reporting to the Chief Executive Officer. Mr. Devens will receive a base salary of $500,000, a 2015 bonus of $650,000, an additional 2015 bonus of $1,000,000, and a target bonus equal to 100% of his base salary. Certain sections of his prior employment agreement, specifically regarding equity compensation, will continue to apply.
EX-10.5 6 d139871dex105.htm EX-10.5 EX-10.5
Exhibit 10.5
EXHIBIT A
GORDON E. DEVENS
| Start Date: | February 9, 2016 | |
| Employee: | Gordon E. Devens | |
| Position: | Chief Legal Officer of the Company | |
| Reporting Person: | Chief Executive Officer of the Company | |
| Base Salary: | $500,000 | |
| 2015 Bonus: | $650,000 | |
| 2015 Additional Bonus: | $1,000,000 | |
| Target Bonus: | 100% of Base Salary | |
| Prior Agreement: | Employment Agreement effective as of March 14, 2014, 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) | |
