This agreement confirms the terms of your special bonus and special stock award:Gap Inc • May 31st, 2019 • Retail-family clothing stores
Special Bonus. Contingent on your signature below, you will receive a bonus of $200,000 within thirty days of the date of this agreement. This bonus will be processed as supplemental income and is subject to supplemental taxes. In the event you voluntarily terminate your employment or your employment is terminated For Cause (as defined below), you will be required to repay within ninety (90) days of your last day of employment 100% of this bonus if the termination occurs before February 25, 2020, and 50% of this bonus if termination occurs between February 25, 2020 and February 25, 2021. The term “For Cause” shall mean a good faith determination by the Company that your employment be terminated for any of the following reasons: (1) indictment, conviction or admission of any crimes involving theft, fraud or moral turpitude; (2) engaging in gross neglect of duties, including willfully failing or refusing to implement or follow direction of the Company; or (3) breaching Gap Inc.’s policie
