EX-10.1
from 8-K
1 page
June 27, 2017 Brian J. Driscoll Dear Brian: On Behalf of Snyder’s-Lance, I Am Pleased to Offer You the Position of President and Chief Executive Officer Reporting to the Board of Directors. Below Are the Details of Your Employment Offer: Start Date: June 27, 2017 Base Compensation: Annualized Base Salary of $900,000 Subject to Applicable Withholdings. Annual Incentive Plan (Aip) Participation: Aip Target of 100% of Base Salary. You Are Eligible to Participate in the 2017 Performance Year on a Pro-Rated Basis Based on Your Effective Start Date. Long Term Incentive Plan Participation: First Annual Grant Beginning in Quarter One, 2018 at $2,800,000. Components of the Plan Design Include Restricted Stock, Stock Options and Performance Shares. Further Details of the Plan Are Specified in the 2016 Key Employee Incentive Plan Document. Benefits and Additional Details: • Eligibility to Participate in All of Our Company Sponsored Benefit and Retirement Plans at the Terms and Rates Offered to Other Associates Within the Company. • Five Weeks of Paid Vacation Effective in 2017
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