EX-10
from 10-K
3 pages
November 15, 2021 • Base Salary of Four Hundred Fifteen Thousand Six Hundred Fifty Five Dollars ($415,655.00) Per Year. Vapotherm Employees Are Paid Bi-Weekly Every Other Friday, One Week in Arrears. • Annual Performance Incentive for 2022 Is 45% at Plan Target Paid Annually. Employee Is Not Eligible for 2021 Bonus. • Sign on Bonus Equivalent to Forfeited 4Q Bonus to Be Paid in First Payroll. if Employee Leaves Vapotherm Within 6 Months of Start Date, the Sign on Bonus Must Be Paid Back to the Company. • Severance Agreement Provided at a Rate of 1.5x Base Salary and Target Bonus for a Change in Control Circumstance. for Non-Cic, Severance Will Be Provided at a Rate of 1x Base Salary and Target Bonus. • Relocation Reimbursement of $100,000 if Used Within 24 Months of Start Date. • Compensation Review Base Compensation and Incentive Plan Will Be Reviewed Annually at the Start of Each Year. • Company Stock Option Plan Employee Will Be Eligible to Participate in the Company’s Stock Option Plan. Your Initial Grant Will Be 81,500 Rsus That Will Vest in Equal Installments Over 3 Years. • Paid Time Off Employee Vacation, Sick and Personal Time Are Combined Into One Program Which Is Equivalent to 168 Hours Per Year or 4 Weeks and 1 Day. • Benefits Employee Benefits Are Standard to All Positions. the Company Will Pay a Percentage of the Employee’s Health Insurance Premium
12/34/56
