August 8, 2024Letter Agreement Governing Inventory Disposition • August 12th, 2024 • LL Flooring Holdings, Inc. • Retail-lumber & other building materials dealers • Illinois
August 6, 2024 Re: Employee Retention Plan Dear [Name]:Employee Retention Plan • August 12th, 2024 • LL Flooring Holdings, Inc. • Retail-lumber & other building materials dealers
In recognition of your continuing key role at and services on behalf of LL Flooring Holdings, Inc. (the “Company”), you will be eligible to earn a retention payment of $[•] (the “Retention Amount”), less any required tax withholding, subject to your compliance with the terms and conditions set forth in this letter (this “Agreement”). You agree that your eligibility to receive the Retention Amount (whether or not earned or recovered) replaces your right to receive any severance payment upon termination of employment.
