Agreement and General Release (April 30th, 2015)
Vantiv, its parent corporation, affiliates, subsidiaries, divisions, successors and assigns and the employees, officers, directors, shareholders, and agents thereof (collectively referred to throughout this Agreement and General Release as "Vantiv" or the "Company"), and Carlos Lima, his heirs, executors, administrators, successors, and assigns (collectively referred to throughout this Agreement and General Release as "Employee"); hereafter collectively referred to as the "Parties", agree that:
[Vantiv Letterhead] (February 20th, 2013)
This letter agreement contains the terms of your employment with Vantiv, LLC (together with Vantiv Holding, LLC and Vantiv, Inc., the "Company"), in the position of Chief Operating Officer, reporting to the Company's President and Chief Executive Officer, Charles Drucker. This offer of employment, including the initial equity award described below, and your appointment as an Executive Officer of Vantiv, Inc., is subject to the approval of the Board of Directors (the "Board") of Vantiv Inc. and/or the Compensation Committee (the "Committee"). This offer has been discussed with the Board and the Committee, and I do not anticipate any issues regarding obtaining formal approvals.