EX-10.17 3 dlth-20220130xex10_17.htm EX-10.17

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Exhibit 10.1 7

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January 24, 2020

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Dear Chris:

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It is my pleasure to extend the following promotion to you on behalf of Duluth Trading Company.

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Position Title: Senior Vice President of IT & Logistics

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Effective Date: February 3, 2020

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Base Salary: Your annual base salary will be $325,000 annual, which is paid bi-weekly and is subject to deductions for taxes and other withholdings that are required by law. Your salary will be reviewed for merit consideration in April of 2020.

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Bonus: For Fiscal 2020, your bonus target is 50% of your base salary wages earned. You will be eligible for payout in the spring of 2021 and is contingent upon the Company meeting certain financial thresholds that are established annually.

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I look to your continued contributions at Duluth Trading Company.

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Sincerely,

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/s/ Steve Schlecht

Steve Schlecht, CEO

Duluth Trading Company

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ACCEPTED:

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/s/ Christopher Teufel 1/24/2020

Chris Teufel Date

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