EX-10.P
from 10-K
~5
pages
April 6, 2020 Stephen Spinelli Dear Stephen, We Are Pleased to Offer You the Position of Senior Vice President of Sales With NAPCO Security Technologies, Inc. This Position Reports Directly to Kevin Buchel, Senior Vice President and CFO. Your Start Date Is Tentatively Scheduled for Monday April 13th, 2020 or Shortly Thereafter. Your Compensation Package Will Include an Official Base Salary of $250,000 Per Annum. It Also Includes the Following: ● a Bonus Plan of Up to $50,000 Annually With the Specifics to Be Provided in the Near Future. ● You Will Receive 30,000 Stock Options Subject to Board and Compensation Committee Approval. ● Napco Agrees to Provide You With Three Weeks of Vacation Annually. ● Napco Agrees to Provide Assistance for Your Cobra Coverage at 50% of Your Monthly Payment for the Next Three Months Until Your Medical Coverage Becomes Active. Total Projected Compensation= $300,000 + Stock Options
12/34/56
EX-10.P
from 10-K
~5
pages
April 6, 2020 Stephen Spinelli Dear Stephen, We Are Pleased to Offer You the Position of Senior Vice President of Sales With NAPCO Security Technologies, Inc. This Position Reports Directly to Kevin Buchel, Senior Vice President and CFO. Your Start Date Is Tentatively Scheduled for Monday April 13th, 2020 or Shortly Thereafter. Your Compensation Package Will Include an Official Base Salary of $250,000 Per Annum. It Also Includes the Following: ● a Bonus Plan of Up to $50,000 Annually With the Specifics to Be Provided in the Near Future. ● You Will Receive 30,000 Stock Options Subject to Board and Compensation Committee Approval. ● Napco Agrees to Provide You With Three Weeks of Vacation Annually. ● Napco Agrees to Provide Assistance for Your Cobra Coverage at 50% of Your Monthly Payment for the Next Three Months Until Your Medical Coverage Becomes Active. Total Projected Compensation= $300,000 + Stock Options
12/34/56