JDA Software – August 10, 2011 [Address] Dear Brian: (August 8th, 2012)
I am pleased to make you an offer of employment to join JDA as a Chief Accounting Officer on Monday, August 29, 2011. In this role, you will be a member of JDA Leadership Team and will report directly to the CFO. The salary for your position is $11,041 per pay period ($265,000 annually), payable on the 15th and 30th of each month. In addition, starting in the fourth quarter of 2011, you will be eligible to participate in JDAs profit sharing/bonus plan, with an annual target bonus of $100,000. The $100,000 target will be based upon the achievement of JDAs corporate profitability target as well as individual employee performance. The variable compensation is, of course, not guaranteed, and participation date, amount, and continued participation are solely at the discretion of the CEO and the Board. JDA will also provide you with a lump sum payment of $50,000, payable in the first payroll after you have completed 90 days of employment with JDA.