kalera.
Exhibit 10.15
kalera.
May 9, 2022
Xxxxx Xxxxxxxx
0000 Xxxxxxxxxx Xxxxx
Niwot, CO 80503
Re: Additional Compensation as President and Chief Executive Officer
Dear Xxx:
As you are aware, we are in the process of drafting and finalizing the terms of your Kalera, Inc. Executive Employment Agreement (the "Employment Agreement"). Pursuant to the terms of the Employment Agreement, you will be paid an agreed upon annual salary, as well as additional agreed upon compensation set forth therein.
In conjunction with the execution of the Employment Agreement, Xxxxxx is prepared to offer you further consideration in exchange for you joining Xxxxxx as its President and Chief Executive Officer. In particular, Xxxxxx is prepared to offer you:
1. A one-time grant of 2,000,000 Restricted Stock Units subject to a 4-year vesting schedule from the date of issuance; and
2. A one-time cash payment of $100,000 (net of applicable taxes, deductions, etc.).
The above additional consideration is being offered to you as one-time incentive in addition to the compensation otherwise reflected in the Employment Agreement. This additional consideration will be provided to you within 15 days of you commencing employment with Xxxxxx.
Please review the above and feel free to contact me with any questions that you might.
KALERA, INC. | ||
/s/ Xxxxxx X. XxXxxxxxxx | ||
Xxxxxx X. XxXxxxxxxx | ||
Interim Chief Executive Officer | ||
ACKNOWLEDGED AND AGREED: | ||
/s/ Xxxxx Xxxxxxxx | ||
Xxxxx Xxxxxxxx |
Kalera
0000 Xxxxxxx Xxxxx Xx, Xxxxx 0000
Orlando, FL 32822
XXX.XXXXXX.XXX