EX-10.3
from 10-Q
2 pages
June 19, 2022 Mr. Dirk Locascio Re: Retention Award Dear Dirk, Your Commitment to and Leadership of US Foods Have Never Been More Important. in Recognition of Your Contributions and to Help to Retain You as Our Chief Financial Officer the Company Searches for a Permanent Chief Executive Officer, the Company Has Agreed to Offer You a Retention Bonus Based on the Terms Below. 1. You Will Become Eligible to Receive a One-Time, Lump Sum, Retention Payment in the Amount of $1,750,000 (The “Retention Bonus”), Less Applicable Taxes and Withholdings, Upon the Earlier of the Following to Occur (Such Earlier Date, the “Retention Date”): ·on March 31, 2023, if You Remain Employed Through and Including Such Date Or
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