EX-10.3
from 8-K
1 page
Retention Bonus Agreement This Retention Bonus Agreement (This “Agreement”), Dated as of March 8, 2024 (The “Effective Date”), Is Entered Into by and Between Jo-Ann Stores, LLC (“Joann”), and Scott Sekella (“You” or the “Executive”). Thank You This Retention Bonus (As Defined Below) Is Being Offered to Thank You for Your Continued Hard Work and Commitment to JOANN. Retention Bonus Executive Is Eligible to Receive a Cash Retention Bonus in an Amount Equal to $400,000.00 (The “Retention Bonus”), Such Amount to Be Prepaid in Advance on March 8, 2024, Subject to the Terms Set Forth Below. Summary of Terms & Conditions • Nothing in This Document Should Be Construed as an Express or Implied Contract of Employment. JOANN Is an At-Will Employer, Which Means That Executive’s Employment May Be Terminated by JOANN or Executive With or Without Notice or Cause
12/34/56