EX-10.9 8 mat63018ex109.htm EXHIBIT 10.9
EXHIBIT 10.9
June 12, 2018
Joseph J. Euteneuer
VIA ELECTRONIC DELIVERY
Dear Joe,
This letter confirms our discussions regarding the allocation of your 2018 long-term incentive (“LTI”) grant value, which is comprised of equity-based awards in the form of Performance Units, granted under the 2018-2020 Long-Term Incentive Program (“LTIP”), and annual equity-based grants of stock options and restricted stock units (“RSUs”). As discussed, notwithstanding anything contained in your offer letter with Mattel, dated September 25, 2017, your 2018 LTI grant value will be allocated 50% in Performance Units and the remaining 50% will be allocated between stock options and RSUs as determined by the Compensation Committee. The allocation of your LTI grant value in subsequent years will be determined by the Compensation Committee.
This letter further confirms your acknowledgement that neither the foregoing nor any action taken by Mattel in connection therewith will constitute a breach of, or “Good Reason” for purposes of, your offer letter or any other agreement between you and Mattel, or any Mattel plan or other arrangement, and you hereby consent to the foregoing.
Sincerely,
/s/ Amanda Thompson
Amanda Thompson
EVP and Chief People Officer
Acknowledged, Agreed, and Consented To,
this 12 th day of June, 2018:
/s/ Joseph J. Euteneuer
__________________________________
Joseph J. Euteneuer