EX-10.1
from 8-K
21 pages
1-6 October 17, 2023 Personal and Confidential Gaetano Franceschi Re: Offer Letter Dear Gaetano Franceschi: I Am Very Pleased to Provide You With a Summary of the Terms and Conditions of Your Employment With Skillz Inc. ("Skillz" or the “Company”). 1. Position. Your Initial Position Will Be CFO, Competition Platform and You Will Work at Our Las Vegas Office Reporting Directly to the Company’s CEO Andrew Paradise. as You Progress With the Company, Your Position and Assignments May Be Subject to Change. We Are a Dynamic Organization With Ever-Changing Needs, and We Will Work Over the Course of Your Employment to Determine Where Your Talents and Abilities Can Be Best Utilized. as a Skillz Employee, We Expect That You Will Devote Your Full Working Time to the Performance of Your Duties to the Company. Skillz Expects You to Perform Any and All Duties and Responsibilities Normally Associated With Your Position in a Satisfactory Manner and to the Best of Your Abilities at All Times. 2. Start Date/at-Will Nature of Relationship. if You Accept This Offer, Your Employment With the Company Will Begin January 8, 2024 (The “Commencement Date”). No Provision of This Letter Will Be Construed to Create an Express or Implied Employment Contract, or a Promise of Employment for Any Specific Period of Time. Your Employment With the Company Is At-Will, Meaning That Your Employment May Be Terminated by You or the Company at Any Time for Any Reason With or Without Advance Notice. 3. Compensation and Equity. Offer Details • Starting Salary: $400,000.00 Per Year, Payable on the Company’s Regular Payroll Dates. • Relocation Bonus: $75,000.00 • Annual Bonus: $400,000.00 • Time-Based Incentive Award: $400,000.00 • Annual Performance-Based Incentive Award: $400,000.00 Docusign Envelope Id: 7956cef3-9dc2-4d8a-Bec5-E587501b2c15
12/34/56
