EX-10.61
from 10-K
2 pages
Target Bonus Your Target Bonus Opportunity Will Be 70% of Base Salary and Will Be Based on Company Performance Metrics. This Bonus Opportunity Will Be Prorated for 2009. We Agree to Guarantee Your 2009 Bonus, Payable in 2010, at a Minimum of $75,000. in Order to Receive Any Payment Under the Company’s Annual Bonus Plan, You Must Be Employed on the Bonus Payment Date. Sign-On $25,000 Taxable Income Which Will Be Paid as Soon as Practical Upon Reporting to Work. in the Event You Voluntarily Terminate Your Employment With Radioshack Within Your First Twelve Months of Employment, You Must Reimburse the Company for 100% of the Amount of the Sign-On Bonus Paid to You. Long Term Incentive You Will Participate in the 2009 Long Term Incentive Plan - 3 Year Plan. This Plan Is for the Fiscal (Calendar) Years 2009, 2010 and 2011, Payable in 2012. the Target for This Plan Is $245,000 Which Will Be Prorated. Equity You Will Be Eligible for Annual Grants of Restricted Stock and Stock Options Commensurate With Your Position. These Grants Are Normally Made During the First Quarter of the Calendar Year. Vacation You Will Be Eligible for Vacation Benefits Based on Continuous Employment as Follows: ■ 4 Weeks Upon Hire, Prorated to the End of the Calendar Year ■ 4 Weeks on Each Successive January 1 Through 20 Years ■ 5 Weeks on Each Successive January 1 Following 20 Years
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