EX-10.11
from 10-K
5 pages
February 23, 2015 Compensation Effective May 6, 2015, Subject to Board Approval, You Will Be Compensated at a Monthly Rate of $25,833.33 (Annualized at $310,000) Subject to Normal Withholdings, Paid Semi-Monthly. Severance Clause in the Event You Are Terminated by the Company Without Cause, the Company Will Pay You a Sum Equal to Twelve Months Base Salary (No Bonus), Subject to Normal Withholding, as a Severance Payment in Exchange for a Release of All Claims Against the Company. Non-Compete Agreement Upon Your Acceptance of This Position, You Will Also Be Required to Sign a Non-Compete Agreement as a Condition of Your Employment. Policies and Benefits Your Benefits Will Remain the Same. Mattress Firm Reserves the Right to Amend or Terminate Any Bonus Program or Benefits Presently Offered at Its Discretion at Any Time. At-Will Employment
12/34/56