Or carry over from one calendar year to another any unused, accrued vacation time. The Executive shall be entitled to four weeks of vacation per calendar year, to be taken at such times and intervals as shall be determined by the Executive, subject to the reasonable business needs of the Company. AnyĬompensation paid to the Executive as Bonus shall be in addition to the Base Salary. With this Sub-Section 4.2 by (y) a fraction, the denominator of which shall be 365 and the numerator of which shall be the number of days during the applicable fiscal year for which the Executive was employed by the Company. The Executive is stated in this Agreement to be prorated for any period of service less than a full year, such Bonus shall be prorated by multiplying (x) the amount of the Bonus otherwise payable for the applicable fiscal year in accordance Purposes of the Plan, the Executive shall be eligible for a Bonus (as defined in the Plan), and the Executives Specified Percentage (as defined in the Plan) shall be one hundred percent (100%) of Base Salary. Incentive Plan, as it may be amended from time to time pursuant to the terms thereof (the Plan, a current copy of which is attached hereto as Exhibit 4.2) and shall be eligible for a bonus award thereunder (the ∻onus). During the term hereof, the Executive shall participate in the Companys Senior Executive Annual The Company shall pay the Executive a base salary at the rate of Four Hundred Thousand Dollars ($400,000) per year, payable in accordance with the payroll practices of the Companyįor its executives and subject to such increases as the Board of Directors of the Company or the Compensation Committee (the ∻oard) in its sole discretion may determine from time to time (the ∻ase Salary).Ĥ.2 Bonus Compensation. During the Term, as compensation for all services performed by the Executive under this Agreement and subject to performance of theĮxecutives duties and obligations to the Company and its Affiliates, pursuant to this Agreement or otherwise, the Executive shall receive the following:Ĥ.1 Base Salary. Governmental, political, charitable or academic position during the Term of this Agreement, except for such directorships or other positions which he/she currently holds and has disclosed to the CEO in Exhibit 3.2 hereof and except as otherwiseĬompensation and Benefits. The Executive shall not engage in any other business activity or serve in any industry, trade, professional, The business and interests of the Company and its Affiliates and to the discharge of his/her duties and responsibilities hereunder. During the Term, the Executive shall devote his/her full business time exclusively to the advancement of During the Term, the Executive shall be employed by the Company on a full-timeīasis and shall perform and discharge, faithfully, diligently and to the best of his/her ability, his/her duties and responsibilities hereunder. Shall have such other powers, duties and responsibilities consistent with the Executives position as Executive Vice President of International as may from time to time be prescribed by the Chief Executive Officer of the Companyģ.2 Performance. During the Term, the Executive shall serve the Company as Executive Vice President of International. This Agreement shall commence on the date hereof and shall remain in effect for an indefinite time until terminated by either party as set forth inģ.1 Offices. The date first set forth above (the ∾ffective Date). Subject to the terms and conditions set forth in this Agreement, the Company offers and the Executive accepts employment hereunder effective as of NOW, THEREFORE, for valid consideration received, the parties agree as follows:Įmployment. Subject to the terms and conditions hereinafter set forth, the Company therefore wishes to employ the Executive as its Executive Vice President of International and theĮxecutive wishes to accept such employment. The Executive has experience and expertise required by the Company and its Affiliates. March 14, 2011, by Dominos Pizza LLC, a Michigan limited liability company (the ∼ompany) and Richard E. Employment Agreement between Domino's Pizza LLC and Richard E.
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