Scott B. Malat Chief Strategy Officer Compensation and Employment Terms Agreement
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Summary
This agreement outlines the employment terms for Scott B. Malat as Chief Strategy Officer, effective February 9, 2016. It specifies his 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. The agreement references a prior employment agreement from September 20, 2011, with certain sections related to equity compensation remaining in effect. The agreement is between Mr. Malat and the company, with the Chief Executive Officer as the reporting person.
EX-10.6 7 d139871dex106.htm EX-10.6 EX-10.6
Exhibit 10.6
EXHIBIT A
SCOTT B. MALAT
| Start Date: | February 9, 2016 | |
| Employee: | Scott B. Malat | |
| Position: | Chief Strategy 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 September 20, 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) | |
