January 19, 2022 Via Electronic Mail Mr. Todd S. Nelson Perdoceo Education Corporation Schaumberg, Illinois Dear Todd:Electronic Mail • January 20th, 2022 • PERDOCEO EDUCATION Corp • Services-educational services • Illinois
On behalf of Perdoceo Education Corporation (the “Company”), I am pleased to confirm our agreement to transition your employment by the Company with effect as of January 20, 2022 (the “Effective Date”), as of which date you will serve as an officer of the Company in the capacity as the Company’s Executive Chairman. You had previously entered into a letter agreement dated July 30, 2015 pursuant to which you accepted the position of Chief Executive Officer and President (the “Original Letter”). This letter agreement will replace the Original Letter in its entirety as of the Effective Date. Your employment with the Company for the period commencing on the Effective Date will be subject to the terms and conditions set forth in this letter (the “Amended and Restated Letter Agreement”).
