Re: Amendment to Compensation ArrangementsAmendment to Compensation Arrangements • March 13th, 2024 • Vroom, Inc. • Retail-auto dealers & gasoline stations
You are receiving this letter (“Letter Agreement”) because the Compensation Committee of the Board of Directors of Vroom, Inc. (the “Company”) has determined to modify the terms of your compensation package with the Company, including as relates to your outstanding restricted stock unit awards previously granted to you by the Company under the Company’s 2020 Incentive Award Plan (the “Plan”) which are scheduled to vest in 2024, 2025 and 2026 and set forth on Exhibit A (the “RSUs”). This Letter Agreement serves as an amendment to the restricted stock unit award agreement(s) evidencing the RSUs (the “RSU Agreements”) as well as a notice of certain changes to the Amended and Restated Vroom, Inc. Executive Severance Plan (as may be amended from time to time, the “Severance Plan”), subject to the terms and conditions of this Letter Agreement.
Re: Amendment to Compensation ArrangementsAmendment to Compensation Arrangements • March 13th, 2024 • Vroom, Inc. • Retail-auto dealers & gasoline stations
You are receiving this letter (“Letter Agreement”) because the Compensation Committee of the Board of Directors of Vroom, Inc. (the “Company”) has determined to modify the terms of your compensation package with the Company, including as relates to your outstanding restricted stock unit awards previously granted to you by the Company under the Company’s 2020 Incentive Award Plan (the “Plan”) which are scheduled to vest in 2024, 2025 and 2026 and set forth on Exhibit A (the “RSUs”). This Letter Agreement serves as an amendment to the restricted stock unit award agreement(s) evidencing the RSUs (the “RSU Agreements”) as well as a notice of certain changes to the Amended and Restated Vroom, Inc. Executive Severance Plan (as may be amended from time to time, the “Severance Plan”) and the Company’s offer of a one-time cash retention bonus opportunity to you in consideration of your continued service to the Company, subject to the terms and conditions of this Letter Agreement.
