Exhibit 10.1
625 Westport Parkway
Grapevine, TX 76051
817-424-2000
June 22, 2020
Via Email: diana_jajeh@yahoo.com
Diana Saadeh-Jajeh
12960 Condit Ranch Rd.
Frisco, TX 75035
Offer Letter – SVP, Chief Accounting Officer
Dear Diana,
Congratulations! I am pleased to offer you the position of SVP, Chief Accounting Officer at GameStop Texas, Ltd., effective June 29, 2020. Your starting annualized salary will be $375,000.00 or $14,423.08bi-weekly, less applicable taxes.
You will receive a $50,000.00 sign on bonus, which is subject to repayment under the terms and conditions of the Promissory Note that must be separately executed. The sign on bonus will be paid within 30 days of your start date.
You will be eligible for apro-rated annual bonus targeted at 60% of your base salary. The eligibility period for this incentive will begin when you join the GameStop team and will be based on a fiscal year of February 2020 through January 2021. Annual bonuses are subject to company financial performance and are payable at the completion of the fiscalyear-end audit, which will be in the 1st Quarter 2021.
You will be eligible to participate in the Company’s long-term incentive (LTI) program and will receive future grants, appropriate to your organization level, beginning when the Board of Directors next elects to issue such grant. Grants at this level have typically targeted a value of $300,000, which vests in equal annual installments over a three-year period. For the 2020 fiscal year you will receive aone-time LTI award of $350,000 upon joining the company. This award will be comprised of performance-based cash and will vest in equal annual installments over a three-year period.
GameStop’s bonus and long-term incentive programs account for company performance and are subject to change at any time, at the Company’s discretion, based upon the needs of the business.
You are eligible for 3 weeks of vacation per year. You will start accruing vacation on your start date. On the 61st day from your date of hire, you will be eligible to participate in the Company’s health (including dental and vision) benefits program, as well as be automatically covered in the Company’s company-paid life insurance program and, after 90 days, the long-term disability program. You will be eligible to participate in the 401(k) plan on the first day of the month following or coinciding with 60 days of service. The Company match will take place on the first of the month after the first year of service. Please feel free to contact our Benefits Team at (817)722-7501 or1-866-637-4387 with any specific benefit questions you may have.
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| Diana Saadeh-Jajeh | | Page 1 of 2 | | SVP, Chief Accounting Officer |
