TAILIEUCHUNG - Employment Offer Letter

Tham khảo sách 'employment offer letter', kinh doanh - tiếp thị, quản trị kinh doanh phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | 7 19 12 Employment Offer Letter 2 EMPLOYMENT OFFER LETTER Exhibit Execution Copy Yahoo Inc. 701 First Avenue Sunnyvale California July 16 2012 Marissa Mayer Dear Marissa On behalf of Yahoo Inc. Yahoo or the Company I am pleased to offer you the position of President and Chief Executive Officer reporting to the Company s Board of Directors the Board working at the Company s headquarters at 701 First Avenue in Sunnyvale California. You will be appointed to the Board upon your commencement of employment. Your appointments are subject to approval by the Board and your compensation package as outlined herein is subject to approval of the Compensation Committee of the Board Compensation Committee . For purposes of this letter your first day of work at Yahoo will be considered your Employment Start Date. Your Employment Start Date will be July 17 2012. Base Salary. Your starting annual base salary will be 83 per month 1 000 annually less applicable taxes deductions and withholdings paid semi-monthly and subject to annual review. Yahoo s regularly scheduled pay days are currently on the 10th and 25th of every month. Incentive Compensation. You also will be eligible to participate in the annual Executive Incentive Plan EIP with a target incentive of 200 of your annual base salary the Target Award and a 2012 maximum of 400 of your annual base salary if you exceed your targets pro-rated based on the period of time you are employed at Yahoo in an EIP eligible position during the relevant Company fiscal year less applicable taxes deductions and withholdings. Target incentives do not constitute a promise of payment. To qualify for the EIP Archives edgar data 1011006 000119312512307595 1 12 7 19 12 Employment Offer Letter incentive bonus you must remain employed with the Company through the date that the incentive bonus is paid as specified in the EIP . Your actual EIP payout will depend on Yahoo financial

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