Masimo Corp. – Starting Date: No Later Than September 15, 2008. Annual Salary: $250,000 Paid at a Bi-Weekly Rate of $9,615.38 Per Pay Period. Annual Bonus: Beginning in 2009, You Will Be Eligible to Participate in Masimos Bonus Plan for Up to 40% of Your Salary Based on Company and Individual Objectives Being Met. In Addition, You Will Be Eligible to Participate in the Executive Multi-Year Cash Bonus Award Plan, Pursuant to Terms Determined by the Board. For the 2009 and 2010 Plan Period, the Multi-Year Performance Bonus Percentage for You Will Be Set at 40%. Benefits: Benefits Including Health/Dental and Ot (March 4th, 2009)
This offer is contingent upon your signing an Employee Confidentiality Agreement and Arbitration Agreement at the start of your employment, and confirmation that you are not under any contractual or legal restrictions with a previous employer that may impair your ability to perform your duties for Masimo. On your first day of employment, you must provide proof of eligibility to work in the United States.