ZELTIQ Promotion and Compensation Adjustment Letter to John Howe
This letter from ZELTIQ to John Howe confirms his promotion and new compensation terms, effective July 1, 2011. John’s base salary is set at $300,000 per year, with a bonus target of 45% of his base salary. The letter acknowledges his contributions and leadership, particularly regarding Project Daisy, and serves as an official record of his updated compensation, as approved by the company’s Compensation Committee.
EXHIBIT 10.36
[ZELTIQ Logo]
PERSONAL DELIVERY
August, 8, 2011
John Howe
Dear John:
It is my pleasure to confirm your compensation adjustments that have been approved by the Compensation Committee after the survey project completed by Compensia. Effective July 1, 2011 your base salary will be $300,000 per year, and your bonus at plan will be 45% of your base.
These are exciting times at ZELTIQ, and I certainly look forward to the consummation of Project Daisy this fall. Thanks for your effort, output, and leadership in the process thus far.
| Sincerely |
| /s/ Gordie |
| Gordie |
| cc: | HR file |
