Exhibit 10.1

 

 

 

 

 

 

 

 

 

 

 

 

Picture 3 [ex-10d1g001.jpg]

A Leading Manufacturer of Protective

Materials for High Reliability Applications

Global Operations Center

295 University Avenue

Westwood, MA  02324

 

Phone: 781.332.0700

Fax:     781.332.0701

www.chasecorp.com

 

 

August 1, 2018

 

Christian Talma

Wellesley, MA 02481

 

Dear Christian,

 

It is with great pleasure that we extend to you an offer of employment with
Chase Corporation as Chief Accounting Officer, in our Westwood office with a
start date of August 20, 2018.

 

This position is an exempt position reporting to Ken Feroldi, Chief Financial
Officer. The details of the offer are outlined below:

 

·

$250,000 annual base salary, paid at $9,615.38 bi-weekly

·

Annual Bonus with a target of 30% of base pay ($75,000)

·

Long-Term Incentive Plan (LTIP) with a target of 30% of your base pay to be
outlined in a separate document.

·

Sign-on equity grant of $75,000, restricted stock with a one-year cliff vesting
period

·

$1000/mo auto allowance paid with the first paycheck of each month

·

23 days PTO per calendar year

·

Severance in the event of a change in control

·

Eligibility for the Executive Non-Qualified Deferred Savings Plan

·

Enrollment in our health insurance plans effective September 1, 2018.

 

Your base salary will be reviewed annually.  Any increase, if awarded, will be
effective on September 1, 2019 after the completion of a formal performance
evaluation. Your salary and performance will be reviewed on an annual basis
thereafter.

 

We offer a comprehensive benefits package which will be reviewed during your new
hire orientation. This offer is contingent upon a successful background check
and your execution of an Employee Confidentiality, Non-Competition,
Non-Solicitation, Patents and Inventions Agreement.

 

This offer is not a contract and supersedes any previous offer or
representation.  Your employment with Chase Corporation will be “at will”.

 

We look forward to you joining the team and supporting the growing Chase
Corporation businesses.  We are confident that your past experience and
expertise will provide a solid foundation for our mutual benefit.

 

 

 

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Please indicate your acceptance of this offer by signing below.

 

 

 

Yours truly,

 

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Paula Eckel

 

Vice President, Human Resources

 

 

 

Accepted: /s/Christian J. Talma ___________________________ Date: __August 7,
2018____________

 

 

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