TRANSITION RETENTION BONUS AGREEMENTTransition Retention Bonus Agreement • April 27th, 2021 • Genworth Mortgage Holdings, Inc. • Insurance agents, brokers & service • Virginia
Purpose: The purpose of this transition retention bonus agreement (the “Agreement”) is to retain key contributors during a critical transition period for Genworth Financial, Inc. (together with its affiliates, the “Company”). This Bonus is being awarded in recognition of the significant role you will have during the Transition Bonus Period. TRANSITION RETENTION BONUS Name: Dean Mitchell Transition Bonus Period: The “Transition Bonus Period” is the period beginning on the effective date of this Agreement and ending on October 1, 2021. Bonus Amount: You are eligible to receive a Bonus payment equivalent to $250,000, less applicable deductions and withholdings (the “Bonus”), subject to the terms and conditions herein. Bonus Payment Date: The Bonus will be paid within 45 calendar days of the end of the Transition Bonus Period. Payout Criteria: In order become eligible for the Bonus, you must either (i) remain actively employed with the Company (or its affiliates or successors) for the dura
