EX-10.1
from 8-K
17 pages
December 22, 2021 Position: Chief Financial Officer Start Date: January 3, 2022 Status: Full Time, Regular Reporting To: You Will Report to the President & Chief Executive Officer, Who Will Direct Your Day-To-Day Responsibilities, and You Will Work Closely With Other Senior Officers of the Company. Base Salary: Base Salary (Annualized) of $280,000, Paid in Accordance With the Company's Normal Payroll Procedures. You Should Note That the Company May Modify Salaries and Benefits From Time to Time as Its Board of Directors or the Compensation Committee Thereof Deems Necessary or Appropriate, and All Forms of Compensation Referred to in This Agreement Are Subject to Applicable Withholding and Payroll Taxes. Cash Incentive Your Annual Cash Incentive Compensation Opportunity Will Be Between 0% and Compensation: 80% of Your Base Salary, With a Target of 50%, and Receipt of Such Cash Incentive Compensation Will Be Based on Achieving Company-Wide Goals and Personal Goals and Objectives, Pro-Rated for Any Partial Year During Which You Are Employed by the Company. Benefits: You Will Be Eligible to Receive the Company's Standard Benefit Package for Employees of Your Level
12/34/56
EX-10.1
from 10-Q
11 pages
Congratulations! I Am Pleased to Extend This Letter to You as a Formal Offer of Promotion With the Tile Shop Corporate Headquarters. the Position Being Offered Is That of Senior Vice President of Supply Chain & Distribution. This Position Is a Named Executive Officer of the Company and Will Be Reporting Directly to the President & CEO. Specifically, This Offer of Employment Includes the Following: · You Will Be Paid an Annual Salary of $218,000. · Eligible to Participate in the Company's Corporate Bonus Program. Under This Plan, You Will Have a Target Bonus Opportunity of 40% of Your Annual Salary Based on the Company's Performance. More Details Surrounding the Corporate Bonus Plan Are Attached. · Relocation From Alabama to Minnesota Per the Tile Shop Relocation Policy. Relocation Contract and Details Surrounding the Policy Are Attached. · Paid Time Off Per the Attached Corporate Policy, Along With 7 Paid Holidays. · You Will Be Qualified on the First Day of the Month, Following Sixty (60) Days of Employment, to Participate in the Standard Benefits Program in Effect for Employees, Including Medical, Dental, Life, and Accident Insurance. · 401(k) Retirement Savings Plan. · Change of Control: (A) in the Event of a Change of Control of the Company, if (1) You Are Not Offered Employment or Continued Employment by the Successor Entity Upon Consummation of Such Change of Control, Or
12/34/56
EX-10.3
from 8-K
1 page
For the Avoidance of Doubt, for All Purposes of the Definitions of “Constructive Termination” and “Good Reason” Set Forth in the Employment Agreement, References to Your “Annual Base Salary” Shall Mean Your Reduced Salary and References to Your “Principal Office Location” Shall Mean Your Home Location and/or Your Regular Location, in Each Case, During the Specified Period. Notwithstanding the Foregoing, for All Purposes of Subparagraph (A) of the “Severance” Paragraph of the Employment Agreement, Determinations Made by Reference to Your “Base Salary” Shall Be Based on Your Regular Salary During the Specified Period. Except as Modified Hereby, the Employment Agreement Shall Remain in Full Force and Effect. Please Indicate Your Agreement to the Foregoing by Your Signature Below. Best Regards, Tile Shop Holdings, Inc. By:/S/ Nancy Dimattia Name: Nancy Dimattia Title: Chief Financial Officer Acknowledged and Agreed as of April 24, 2020: /S/ Mark Davis Mark Davis
12/34/56
EX-10.2
from 8-K
1 page
For the Avoidance of Doubt, for All Purposes of the Definitions of “Constructive Termination” and “Good Reason” Set Forth in the Employment Agreement, References to Your “Annual Base Salary” Shall Mean Your Reduced Salary and References to Your “Principal Office Location” Shall Mean Your Home Location and/or Your Regular Location, in Each Case, During the Specified Period. Notwithstanding the Foregoing, for All Purposes of Subparagraph (A) of the “Severance” Paragraph of the Employment Agreement, Determinations Made by Reference to Your “Base Salary” Shall Be Based on Your Regular Salary During the Specified Period. Except as Modified Hereby, the Employment Agreement Shall Remain in Full Force and Effect. Please Indicate Your Agreement to the Foregoing by Your Signature Below. Best Regards, Tile Shop Holdings, Inc. By: /S/ Cabell Lolmaugh Name: Cabell Lolmaugh Title: Chief Executive Officer Acknowledged and Agreed as of April 24, 2020: /S/ Nancy Dimattia Nancy Dimattia
12/34/56
EX-10.1
from 8-K
1 page
For the Avoidance of Doubt, for All Purposes of the Definitions of “Constructive Termination” and “Good Reason” Set Forth in the Employment Agreement, References to Your “Annual Base Salary” Shall Mean Your Reduced Salary and References to Your “Principal Office Location” Shall Mean Your Home Location and/or Your Regular Location, in Each Case, During the Specified Period. Notwithstanding the Foregoing, for All Purposes of Subparagraph (A) of the “Severance” Paragraph of the Employment Agreement, Determinations Made by Reference to Your “Base Salary” Shall Be Based on Your Regular Salary During the Specified Period. Except as Modified Hereby, the Employment Agreement Shall Remain in Full Force and Effect. Please Indicate Your Agreement to the Foregoing by Your Signature Below. Best Regards, Tile Shop Holdings, Inc. By:/S/ Nancy Dimattia Name: Nancy Dimattia Title: Chief Financial Officer Acknowledged and Agreed as of April 24, 2020: /S/ Cabell Lolmaugh Cabell Lolmaugh
12/34/56
