EX-10.2
from 8-K/A
2 pages
Start Date Monday, May 16, 2022 Salary Before All Appropriate Withholding Deductions, Your Gross Starting Weekly Salary Will Be $4,807.70 Paid Every Two Weeks, Which Is the Yearly Equivalent of $250,000 Annually. You Are Eligible to Participate in the HBIO Annual Performance Plan. Your Potential Award Is Based on 25% of Your Salary Earned During the Incentive Period (Start Date – December 31). the HBIO Compensation Committee Will Determine the Measurement of the Actual Performance Against Goals in the HBIO Annual Performance Bonus Plan After the End of the Year. Subject to the Approval of the Board of Directors, You Will Receive an Award of Harvard Bioscience Restricted Stock Units (Rsus) Equal to 50% of the Starting Annual Salary. the Number of Shares You Receive Will Be Based on the Closing Stock Price of Harvard Bioscience on the Date of the Date of the Approval of the Award by the Company’s Board of Directors. These Awards Will Be Subject to a Vesting Schedule of One-Third Per Year, Beginning With the First Anniversary of the Grant Date. the Specific Terms of the Awards Will Be Outlined in an Individual Award Agreement Which Will Be Presented to You After the Approval of the Award. Other Benefits You Will Also Be Eligible for All Other Customary Benefits Offered to Our Full-Time Employees. These Include Group Health, Dental, Life, Disability Insurance, the Company 401(k) Plan, and Eleven (11) Paid Holidays. as a Senior Leader in the Organization, You Will Participate in a Separate Vacation Plan Which Allows You to Take Time Off as Needed
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