EX-10.21 5 chd-ex1021_224.htm EX-10.21

EXHIBIT 10.21

September 4, 2021

| To: | Barry Bruno |

| From: | Matthew Farrell |

| CC: | Rene Hemsey |

Confirmation of Promotion effective dated 10/01/2021

Congratulations!

I am thrilled to offer you the position of Executive Vice President, Chief Marketing Officer as of October 1, 2021.

Base Salary - $475,000

Bonus Target – 50%

Bonus Target $ $237,500

Total Compensation at Target - $712,500

Stock Option Target – 115%

Stock Option Target $* $546,250

Total Remuneration at Target - $1,258,750

Salary Grade - US Grade Elected Officer

You will receive a stock option grant on October 1, 2021 in the amount of $150,000*. Thereafter, grants will occur beginning in June 2022.

| Current | New | $ Change | % Change
Base Salary | $453,000 | $475,000 | $22,000 | 5%
Bonus Target % Bonus Target $ | 50% $226,500 | 50% $237,500 | $11,000 |
Total Compensation at Target | $679,500 | $712,500 | $33,000 | 5%
Stock Option Target % Stock Option Plan $* | 93% $421,290 | 115% $546,250 | 124,960 |
Total Remuneration at Target | $1,100,790 | $1,258,750 | $157,960 | 14%

I look forward to seeing the continued impact you will have on our business.

Sincerely,

Matthew Farrell

*Stock Option grant amounts represent the grant date fair value of the award.