Funko, Inc. Everett, WA 98201
0000 Xxxxxxx Xxxxxx
Everett, WA 98201
July 17, 2024
Xxxx Xxxxxxxx
Sent Via Email
Dear Xxxx:
This letter, entered into on the date first set forth above, sets forth the understanding by and between you and Funko, Inc. (the “Company”), regarding the transition of your role as Interim Chief Executive Officer of the Company to your successor and your continued service with the Company.
1.Advisor.
2.Board Service. Following the Separation Date (or if earlier, the date of the termination of your employment by the Company without Cause), you will continue to serve as a member of the Board unless and until your service terminates. In exchange for (and subject to) your continued service as a director following such date, you will be eligible to receive compensation pursuant to the Funko, Inc. Non-Employee Director Compensation Policy (as in effect from time to time, the “Director Compensation Policy”); provided, that, for the avoidance of doubt, you will not be entitled to an Annual Award at the 2024 annual meeting of the Company’s stockholders or an Initial Award (each as defined in the Director Compensation Policy) under the Director Compensation Policy. So long as you continue to serve as a Board member, you shall be entitled to the Annual Awards granted to non-employee directors of the Board commencing as of the 2025 annual meeting of the Company’s stockholders.
This letter supersedes any and all prior or contemporaneous agreements, discussions and understandings, whether written or oral, relating to the subject matter of this letter or your employment with the Company (including, without limitation, that certain letter agreement entered into by and between you and the Company, dated as of July 13, 2023). The resolution of any disputes under this letter will be governed by the laws of the State of Washington. This letter may be amended only by a subsequent writing signed by both parties.
Please confirm your acceptance of this offer by signing below.
Sincerely Yours, | ||||||||
/s/ Xxxxxxx Xxxxxxxx | ||||||||
Xxxxxxx Xxxxxxxx | ||||||||
Chief Executive Officer | ||||||||
/s/ Xxxx Xxxxxxxx | 7/17/2024 | |||||||
ACCEPTED BY: XXXX XXXXXXXX | DATE | |||||||