EX-10.1
from 8-K
4 pages
January 10, 2019 Annual Base Salary: $ 435,000 Date of Hire: February 4, 2019 · Incentive Compensation: You Will Also Be Eligible to Participate in the Balchem Corporation Incentive Compensation Program (Icp). Incentive Goals Will Be Designed Annually With a Target Bonus Equal to 55% of Your Actual Base Salary Earned During the Applicable Performance Year. · Signing Bonus: On Your Date of Hire, You Will Receive 12,000 Restricted Shares of Balchem Stock; 15,000 Non-Qualified Stock Options as Well as a One-Time Cash Bonus Payment of $171,000, Payable With Your First Paycheck With the Company. *The Restricted Shares Will Vest Ratably Over Three Years With One-Third (4,000 Shares) Vesting Each Year Beginning in 2020. the Stock Options Will Vest Ratably Over Three Years (20% After 1 Year, 40% After 2 Years, 40% After 3 Years)
12/34/56