Employment Terms Agreement for Mario A. Harik as Chief Information Officer

Contract Categories: Human Resources › Employment Agreements
Summary

This agreement outlines the employment terms for Mario A. Harik as Chief Information Officer of the company, effective February 9, 2016. Mr. Harik will report to the Chief Executive Officer (initially the Chief Strategy Officer) and receive a base salary of $425,000, a 2015 bonus of $400,000, an additional 2015 bonus of $900,000, 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.

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EX-10.7 2 exhibit107.htm EXHIBIT 10.7 Exhibit


EXHIBIT 10.7
EXHIBIT A
MARIO A. HARIK


Start Date:
February 9, 2016
Employee:
Mario A. Harik
Position:
Chief Information Officer of the Company
Reporting Person:
Chief Executive Officer of the Company (initially the designee shall be the Chief Strategy Officer)
Base Salary:
$425,000
2015 Bonus:
$400,000
2015 Additional Bonus:
$900,000
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)