FIRST AMENDMENT TO EMPLOYMENT AGREEMENTEmployment Agreement • June 24th, 2020 • GNC Holdings, Inc. • Retail-food stores
WHEREAS, General Nutrition Centers, Inc., a Delaware corporation (“GNCI”), GNC Holdings, Inc. a Delaware corporation (“GNC Holdings” and collectively with GNCI the “Company”) and Ken Martindale (the “Executive”), are parties to an Employment Agreement dated as of September 11, 2017 (the “Employment Agreement”).
FORM OF LETTER AGREEMENTLetter Agreement • June 24th, 2020 • GNC Holdings, Inc. • Retail-food stores
To incentivize you to remain with and committed to GNC Holdings, Inc. (the “Company” or “we”) and General Nutrition Centers, Inc. (a subsidiary of the Company and, together with its subsidiaries, “GNCI”), we are offering you a retention bonus of $[amount] (the “Retention Bonus”) upon the terms set forth in this letter agreement. In order to be eligible for the Retention Bonus you must sign and return this letter agreement to me by June 18, 2020 acknowledging your agreement to its terms.
