EX-10.4
from 10-Q
1 page
As a Supplement to That Certain Letter Agreement, Between You and Tactile Systems Technology, Inc. Dated April 23, 2024 (The “Letter”), We Wish to Clarify the Provision Titled “Your Equity Rights”. for the Avoidance of Doubt, We Confirm That, Unless Otherwise Modified by Separate Written Agreement Between You and the Company, the Date That Your Employment With the Company Ends as Provided in the Letter (Contemplated to Be March 31, 2025 Unless Earlier Terminated as Provided in the Letter) (The “Employment Termination Date”) Shall Be Deemed a Termination of “Service” Under the Terms of Your Equity Awards Notwithstanding That You Remain a Director of the Company After the Employment Termination Date. Vesting of Unvested Performance Share Units and Restricted Stock Units Held by You on the Employment Termination Date Shall Cease as of Such Date and Such Equity Awards Will Be Forfeited, and Any Vested Stock Options Held by You on That Date Will Be Exercisable for the Period Set Forth Therein as if Your “Service” Ended on the Employment Termination Date. Capitalized Terms Used Herein and Not Otherwise Defined Shall Have the Meanings Set Forth in the Letter. the Letter Shall Remain and Continue in Full Force and Effect, as Clarified by This Letter. Please Sign and Return This Countersigned Letter to Me to Confirm Your Agreement to the Clarifications to the Letter Set Forth in This Letter. Sincerely, /S/ Elaine Birkemeyer Elaine Birkemeyer Chief Financial Officer Acknowledged and Agreed as of the Date First Written Above: /S/ Daniel Reuvers Daniel Reuvers
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EX-10.3
from 10-Q
2 pages
July 18, 2023 Sherri Ferstler [***] [***] Dear Sherri, We Are Pleased to Offer You a Full-Time Position as Senior Vice President Sales at Tactile Medical. Your Start Date Is July 31, 2023. You Will Be a Remote Full-Time Exempt Employee Reporting to Dan Reuvers, Chief Executive Officer. Your Starting Salary Will Be $340,000 Annually and Will Be Paid Bi-Weekly. We Are Offering a Sign-On Equity Award Valued at $340,000 in the Form of Restricted Stock Units. These Will Be Priced Two Days Following Our Next Earnings Release That Occurs After Your Hire Date. All Restricted Stock Units Will Vest Over Three Years With 33% After Each Completed Year From Grant. You Will Be Eligible for Annual Stock Awards Targeted but Not Guaranteed at 1-Times Your Annual Base Salary in Restricted Stock Units and/or Performance Stock Units. the Vesting Schedule for Annual Grants Is Determined by the Board of Directors but Is Typically Over a Three-Year Period
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EX-10.1
from 8-K
4 pages
Position: You Will Be Employed by the Company as Its President & Chief Executive Officer and Will Perform Such Duties and Responsibilities as the Company’s Board of Directors Will Assign to You From Time to Time. Upon the Start Date, We Will Be Appointing You to Serve as a Member of the Company’s Board of Directors. Salary: Your Initial Annualized Base Salary Will Be $550,000 Per Year, Payable in Accordance With the Company’s Normal Payroll Practices and Procedures. During Each Year After the First Calendar Year of Your Employment, the Compensation Committee of the Company’s Board of Directors (The “Compensation Committee”) May Review and Increase Your Base Salary in Its Sole Discretion. Bonus: If You Remain Employed by the Company Through December 31, 2020, You Will Receive an Annual Cash Bonus (Paid at Target) in an Amount of 85% of Your Base Salary Earned During This Calendar Year. Beginning 2021 and Thereafter, You Will Be Eligible for Participation in the Company’s Management Incentive Plan With a Target Cash Award of 85% of Your Base Salary Earned During Each Calendar Year. Daniel L. Reuvers Page 2 Equity: You Will Receive the Following Equity Awards Under the Company’s 2016 Equity Incentive Plan (The “Plan”), Granted on the Second Business Day Following the Company’s Release of Earnings for the Second Fiscal Quarter of 2020
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