EX-10.1
from 10-Q
4 pages
February 22, 2023 Brian Mulroy Dear Brian: On Behalf of SEMrush Holdings, Inc. (The “Company”), I Am Pleased to Offer Employment to You. the Purpose of This Letter Is to Outline the Initial Terms of Your Employment. Position: Your Position With the Company Will Be Chief Financial Officer. Start Date: Unless Otherwise Agreed, Your First Day of Employment Will Be April 3, 2023 Direct Report: You Will Report to Oleg Shchegolev, Founder & CEO. Salary: Your Annual Salary Shall Be $400,000 and Will Be Paid in Accordance With the Company’s Standard Payroll Schedule. Your Salary Is Subject to Periodic Review and Adjustment at the Company’s Discretion. Bonus: Your Target Bonus Is $400,000 and the Bonus Rate Will Be Set in Accordance With the Executive Incentive Plan (30% Budget, 100% Target, 200% Max). Whether a Bonus Is Awarded, the Criteria and Metrics for Such Bonus, the Target Bonus Amount, and the Actual Amount of Any Bonus Each Will Be Subject to the Company’s Discretion. to Earn Any Bonus, You Must Be Employed by the Company on the Date the Bonus Is Paid. Benefits: You Will Be Eligible to Participate in the Employee Benefits and Insurance Programs Generally Made Available to the Company’s Full-Time Employees, Including Health, Life, Disability, and Dental Insurance, Subject in Each Case to the Terms of the Company’s Benefit Plans in Effect From Time to Time. the Company Reserves the Right to Alter or Eliminate Any Benefit at Its Discretion. Healthcare Coverage: Medical, Vision, and Dental Health Coverage Is Provided in Conjunction With Your Selection of a Healthcare Coverage Plan. You Will Be Eligible for Health Care as of the First Day of the First Full Month Following Your Start Date Listed Above. All Insurance Premium Payments Shall Be Split Between You and the Company Consistent With the Plans Made Available to All Full Time Employees in Your Location of Employment
12/34/56
EX-10.1
from 10-Q
5 pages
Wednesday, September 7, 2022 September 8, 2022 David Mason Dear David: On Behalf of SEMrush Inc (The “Company”), I Am Pleased to Offer Employment to You the Purpose of This Letter Is to Outline the Initial Terms for Your Employment. Position: Your Position With the Company Will Be General Counsel and Secretary Start Date: Unless Otherwise Agreed, Your First Day of Employment Will Be October 17, 2022 Direct Report: You Will Report to Oleg Shchegolev, Founder & CEO Salary: The Company Will Pay You a Gross Salary Rate of $350,000.00 Per Year, in Installments in Accordance With the Company’s Payroll Schedule. Your Salary Is Subject to Periodic Review and Adjustment at the Company’s Discretion. Bonus: You Will Be Eligible to Receive an Annual Discretionary Performance Bonus. the Company Will Initially Target a Bonus at Up to 50% of Your Annual Salary Rate, Which Will Be Prorated for 2022. Starting in 2023 Your Target Bonus Rate Will Be in Accordance With the Executive Incentive Plan (30% Budget, 100% Target, 200% Max) Whether a Bonus Is Awarded, the Criteria and Metrics for Such Bonus, the Target Bonus Amount, and the Actual Amount of Any Bonus Each Will Be Subject to the Company’s Discretion. to Earn Any Bonus, You Must Be Employed by the Company on the Date the Bonus Is Paid. Benefits: You Will Be Eligible to Participate in the Employee Benefits and Insurance Programs Generally Made Available to the Company’s Full-Time Employees, Including Health, Life, Disability and Dental Insurance, Subject in Each Case to the Terms of the Company’s Benefit Plans In
12/34/56
