EX-10.19
from 10-K/A
6 pages
On Behalf of Utz Quality Foods, LLC I Am Pleased to Offer You the Position of Chief Customer Officer, Reporting to Tom Flocco, President and COO (Upon His Appointment on 4/24/17). Please Note That This Offer Is Contingent on Your Passing Our Drug Screen and Background Check. Under a Separate Cover, Human Resources Will Send You a Release for a Background Check. Please Complete This Form and Return It in the Self-Addressed Envelope That Is Provided. the Release Form Does Not Need to Be Notarized. This Position, Chief Customer Officer, Is an Exempt, Full-Time Position Based in Hanover, Pa at Our Corporate Offices. as Discussed, Your Start Date Will Be No Later Than May 8, 2017. Salary, Bonus, & Long-Term Incentive Plan Should You Choose to Accept This Offer Your Starting Salary Will Be $7,211.54 Per Week, or $375,000 Annually. in This Position, You Will Be Eligible for an Annual Bonus Opportunity, Which Is Based on Company Performance According to the Below Schedule: •if the Company Achieves Adj. EBITDA of $85.0 Million, Annual Bonus Will Be 50% of Base Salary; •if the Company Achieves Adj. EBITDA of $100.0 Million, Annual Bonus Will Be 75% of Base Salary; and •if the Company Achieves Adj. EBITDA of $115.0 Million, Annual Bonus Will Be 125% of Base Salary. a Full Description of the Annual Bonus Plan and Definitions Will Be Forthcoming as the Company Finalizes Both Annual and Long-Term Incentive Plans. Your Bonus Payout for 2017 Will Assume You Started Work on January 1, 2017 and Will in No Circumstances Be Less Than $200,000. Additionally, You Will Be Eligible for the Long-Term Equity Incentive Plan (Full Details of This Plan Will Be Forthcoming Upon Its Finalization and Board Approval). the Plan Will Provide You With 7.5% of the 500-Basis Point Pool Allocated to Management, or 37.5 Basis Points. Legal\46573193\1 Signing Bonus & Relocation as Part of Your Offer, You Will Receive: (A)a Signing Bonus of $250,000 Payable the Week of May 8, 2017 And
12/34/56
EX-10.19
from 10-K
6 pages
On Behalf of Utz Quality Foods, LLC I Am Pleased to Offer You the Position of Chief Customer Officer, Reporting to Tom Flocco, President and COO (Upon His Appointment on 4/24/17). Please Note That This Offer Is Contingent on Your Passing Our Drug Screen and Background Check. Under a Separate Cover, Human Resources Will Send You a Release for a Background Check. Please Complete This Form and Return It in the Self-Addressed Envelope That Is Provided. the Release Form Does Not Need to Be Notarized. This Position, Chief Customer Officer, Is an Exempt, Full-Time Position Based in Hanover, Pa at Our Corporate Offices. as Discussed, Your Start Date Will Be No Later Than May 8, 2017. Salary, Bonus, & Long-Term Incentive Plan Should You Choose to Accept This Offer Your Starting Salary Will Be $7,211.54 Per Week, or $375,000 Annually. in This Position, You Will Be Eligible for an Annual Bonus Opportunity, Which Is Based on Company Performance According to the Below Schedule: •if the Company Achieves Adj. EBITDA of $85.0 Million, Annual Bonus Will Be 50% of Base Salary; •if the Company Achieves Adj. EBITDA of $100.0 Million, Annual Bonus Will Be 75% of Base Salary; and •if the Company Achieves Adj. EBITDA of $115.0 Million, Annual Bonus Will Be 125% of Base Salary. a Full Description of the Annual Bonus Plan and Definitions Will Be Forthcoming as the Company Finalizes Both Annual and Long-Term Incentive Plans. Your Bonus Payout for 2017 Will Assume You Started Work on January 1, 2017 and Will in No Circumstances Be Less Than $200,000. Additionally, You Will Be Eligible for the Long-Term Equity Incentive Plan (Full Details of This Plan Will Be Forthcoming Upon Its Finalization and Board Approval). the Plan Will Provide You With 7.5% of the 500-Basis Point Pool Allocated to Management, or 37.5 Basis Points. Legal\46573193\1 Signing Bonus & Relocation as Part of Your Offer, You Will Receive: (A)a Signing Bonus of $250,000 Payable the Week of May 8, 2017 And
12/34/56
EX-10.2
from 424B3
35 pages
Bridge Security Agreement Dated as of December 14, 2020 Among UTZ Quality Foods, LLC as the Borrower, Utz Brands Holdings, LLC, as the Parent Certain Subsidiaries of the Parent, Collectively, as the Initial Grantors, and Bank of America, N.A., as Bridge Collateral Agent
12/34/56
EX-10.2
from 8-K
33 pages
Bridge Security Agreement Dated as of December 14, 2020 Among UTZ Quality Foods, LLC as the Borrower, Utz Brands Holdings, LLC, as the Parent Certain Subsidiaries of the Parent, Collectively, as the Initial Grantors, and Bank of America, N.A., as Bridge Collateral Agent
12/34/56
