PARTIAL UNWIND AGREEMENT dated as of September 11, 2020 with respect to the Call Option Transaction Confirmations and the Warrants Confirmations between Invacare Corporation and Wells Fargo Bank, National AssociationPartial Unwind Agreement • March 3rd, 2021 • Invacare Corp • Orthopedic, prosthetic & surgical appliances & supplies • New York
THIS PARTIAL UNWIND AGREEMENT (this “Agreement”) with respect to the Call Option Transaction Confirmations (as defined below) and the Warrants Confirmations (as defined below) is made as of September 11, 2020 between Invacare Corporation (the “Company”) and Wells Fargo Bank, National Association (“Dealer”).
May 5, 2020 [Named Officer] Re: Compensation Adjustments in 2020 Due to COVID-19 Dear [Named Officer]: To mitigate the impacts of COVID-19 on Invacare Corporation, by letter agreement between you and Invacare dated March 27, 2020 (the “Prior Letter”),...Invacare Corp • March 3rd, 2021 • Orthopedic, prosthetic & surgical appliances & supplies
The deferrals of (i) 20% of your April 2020 base salary, (ii) payment of your 2019 bonus and (iii) the adjustment of your 2020 base salary are expected to be in effect until at least October 1, 2020, at which time Invacare will determine whether it is reasonable to pay such deferred amounts. Consistent with Invacare’s executive compensation practices, annual salary adjustments, if any, would be effective as of January 1. Notwithstanding the compensation adjustments described in this letter, to the extent that any other elements of executive compensation, such as annual cash bonus or equity awards, are determined based in part on reference to your 2020 base salary rate, the rate to be used for purposes of such determination will be your base salary rate as if the salary reductions and deferrals described herein had not occurred and as if your 2020 base salary adjustment had been made effective on January 1, 2020.
