EX-10.1
from 8-K
2 pages
Dear Rick: Congratulations on Your Job Offer to Become Executive Vice President and Chief Financial Officer of Real Mex Restaurants. This Letter Summarizes the Job Offer That Was Recently Discussed With You. • Job Title: Executive Vice President and Chief Financial Officer, Reporting to Dick Rivera, President and CEO of Real Mex Restaurants, Inc. • Salary: Your Base Salary Will Be Based on an Annualized Rate of $325,000.00 and You Will Be Paid $12,500.00 Bi-Weekly. • Signing Bonus: You Will Receive a $50,000 Signing Bonus Within Two Weeks of Your Start Date. in the Event That You Voluntarily Resign From Your Position Within 12 Months of Your Start Date You Will Be Required to Re-Pay a Pro-Rated Portion of the Signing Bonus, Based on Your Term Date. • Bonus Eligibility: You Will Be Eligible for Up to 50% of Your Base Salary in Bonus, Based on the Terms of the Company’s Bonus Program, Which Is Updated Annually. Any Bonus Paid in 2010 Would Be Prorated, Based on Your Start Date
12/34/56