EXHIBIT 10.9
October 15, 2002
Lori S. Richardson Pellicioni
9040 Alto Cedro Drive
Beverly Hills, CA 90210
Dear Lori:
On behalf of DaVita Inc., I am pleased to finalize the terms of your new position as Vice President, Compliance and Chief Compliance Officer. In this new role, you will report to the DaVita Board of Directors, Joe Mello and me. Your start date has yet to be determined. The following represents the terms and conditions in this regard:
As we discussed, your base salary for this position has been set at $210,000.00 per annum, less standard deductions and authorized withholdings. Your base salary will be reviewed each year during DaVita' s annual salary review. DaVita, in its sole discretion, may increase the base salary as a result of any such review. In addition, you will be eligible to receive an annual performance bonus between zero and $135,000, which will be prorated the first year and is payable in a manner consistent with our practices and procedures. Your position is exempt under the wage and hour laws. You will be paid bi-weekly pursuant to our normal payroll practices. Your status will be that of a regular full-time benefit eligible employee.
You and your family shall be eligible for participation in and receive all benefits under DaVita' s health and welfare benefit plans under the same terms and conditions applicable to DaVita executives at similar levels of compensation and responsibility. A summary of those benefits will be presented to you at the start of your employment.
The Board of Directors has approved that you receive a grant of stock ...
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