Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 26, 2007, The Topps Company, Inc. (the "Company") entered into an Employment...Employment Agreement • January 31st, 2007 • Topps Co Inc • Commercial printing
On January 26, 2007, The Topps Company, Inc. (the "Company") entered into an Employment Agreement with Scott A. Silverstein, its President and Chief Operating Officer. The Agreement is effective as of January 1, 2007, and has an initial term of three years. The Agreement provides for an annual base salary of $420,000 and an annual bonus, based on certain performance criteria established by the Company's Compensation Committee, with a target of not less than 45% of base salary. Any bonus earned will be payable 80% in cash and 20% in the form of restricted stock.
