June 1, 2001
David Carter
Dear David:
On behalf of Good Guys, it is my pleasure to confirm our offer of employment to the position of Director of Financial Planning and Analysis in the Finance Department. Your initial start date will be June 1, 2001. Your salary will be $6,667 semi-monthly ($160,000 annually). You will be eligible for the Key Manager Bonus program with a targeted bonus of 20 percent.
Additionally you will be granted 30,000 shares of stock options. These options will vest over a period of three years, and will be awarded at the market price as of the day in which the Board of Directors approves the grant of the options.
You will be eligible for the Company Benefits Plan effective the first of the month following your start date with the Company. You will receive information about your medical benefits as well as other benefits and Company policies and procedures during the next week.
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