EX-10.3 4 exhibit103q12022.htm EX-10.3
Exhibit 10.3
CONFIDENTIAL
April 2, 2021
Change Memo
Dear Jaspar,
In light of the continuing COVID-19 pandemic, you agree to accept a reduced base salary to
$30,000.00 effective December 21, 2020. You agree that you will reimburse TaskUs the overpayment of salary that you received between 12/21/2020 through 3/28/2021. The TaskUs Payroll team will provide repayment options, as well as applicable amendments for previous pay periods.
Below you will find details of this change:

Title |  | President
Current Base Salary |  | $350,000.00
Effective as of 12/21/2020 |  | $30,000.00
Bonus |  | $0.00

Further, your 401(K) contributions are currently set up for a 38% deduction of your base salary. In order to obtain the $19,500.00 at year end, your 401(K) deduction should be changed to 65%. It is highly recommended that you review your contributions no later than April 8, 2021, and submit the necessary change on the mykplan site through ADP at https://mykplan.adp.com/public/Login/index, or by calling 1-866-695-7526.
Additionally, your company paid life insurance will be adjusted to $30,000.00, which is the maximum amount for your base salary.
You will be paid in accordance with TaskUs’ standard payroll practices and subject to all withholdings and deductions required by law. All other terms and conditions of your employment remain the same.
I have read and understand the forgoing provisions of this Memo. Agreed to and accepted by:

/s/ Jaspar Weir |  | 4/2/2021
Jaspar Weir |  | Date