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Exhibit 10.5(b)

April 8, 2020
Russell T. Tiejema
[                  ]  
Tampa, Florida 33609

Dear Russ,
In light of the circumstances surrounding the COVID-19 pandemic and its impact on our business, Masonite International Corporation (the “Company”) is requesting that you agree to reduce your annualized base salary rate from $470,000.00 to $376,000.00 for the time period of April 13, 2020 through June 26, 2020 (the “Reduction Period).  By signing below, you hereby agree and consent to the reduction and agree that the reduction does not constitute “good reason” or a “constructive termination” (or term of similar meaning) under any agreement to which you are a party or any plan in which you participate, including but not limited to the Employment Agreement by and between you and the Company and any equity awards.
Notwithstanding the foregoing, and in accordance with the Company’s Management Incentive Plan, your annual MIP bonus for fiscal year 2020 will be calculated using your base salary in effect at the end of 2020.  Additionally, any severance to which you may become entitled during the Reduction Period will be calculated using your base salary in effect immediately prior to any reduction hereunder.  Please note that to the extent that any of your benefits are based on your annual base salary level, your benefits may be impacted by your base salary reduction.  The reduction in base salary described above may affect the aggregate amount of your contributions to the Company’s 401(k) plan for 2020.  You should consider whether to make any changes to your contribution elections.
Thank you for your continued efforts during these difficult and uncertain times.  
            Sincerely,
            Masonite International Corporation

            By:         /s/ Howard C. Heckes       
            Title: Howard C. Heckes
             President & CEO
Acknowledged and agreed:

/s/ Russell T. Tiejema       
Name: Russell T. Tiejema
Date: April 8, 2020

masonite.comDocument

Exhibit 10.5(c)

April 8, 2020
James A. Hair
[                                   ]                    
Tampa, Florida 33609

Dear Tony,
In light of the circumstances surrounding the COVID-19 pandemic and its impact on our business, Masonite International Corporation (the “Company”) is requesting that you agree to reduce your annualized base salary rate from $515,000.00 to $412,000.00 for the time period of April 13, 2020 through June 26, 2020 (the “Reduction Period).  By signing below, you hereby agree and consent to the reduction and agree that the reduction does not constitute “good reason” or a “constructive termination” (or term of similar meaning) under any agreement to which you are a party or any plan in which you participate, including but not limited to the Employment Agreement by and between you and the Company and any equity awards.
Notwithstanding the foregoing, and in accordance with the Company’s Management Incentive Plan, your annual MIP bonus for fiscal year 2020 will be calculated using your base salary in effect at the end of 2020.  Additionally, any severance to which you may become entitled during the Reduction Period will be calculated using your base salary in effect immediately prior to any reduction hereunder.  Please note that to the extent that any of your benefits are based on your annual base salary level, your benefits may be impacted by your base salary reduction.  The reduction in base salary described above may affect the aggregate amount of your contributions to the Company’s 401(k) plan for 2020.  You should consider whether to make any changes to your contribution elections.
Thank you for your continued efforts during these difficult and uncertain times.  
            Sincerely,
            Masonite International Corporation

            By:         /s/ Howard C. Heckes        
            Title: Howard C. Heckes
             President & CEO
Acknowledged and agreed:

/s/ James. A. Hair              
Name: James A. Hair 
Date: April 8, 2020

masonite.comDocument

Exhibit 10.5(d)

April 8, 2020
Randal A. White
[                             ]                  
Tampa, Florida 33609

Dear Randy,
In light of the circumstances surrounding the COVID-19 pandemic and its impact on our business, Masonite International Corporation (the “Company”) is requesting that you agree to reduce your annualized base salary rate from $415,000.00 to $332,000.00 for the time period of April 13, 2020 through June 26, 2020 (the “Reduction Period).  By signing below, you hereby agree and consent to the reduction and agree that the reduction does not constitute “good reason” or a “constructive termination” (or term of similar meaning) under any agreement to which you are a party or any plan in which you participate, including but not limited to the Employment Agreement by and between you and the Company and any equity awards.
Notwithstanding the foregoing, and in accordance with the Company’s Management Incentive Plan, your annual MIP bonus for fiscal year 2020 will be calculated using your base salary in effect at the end of 2020.  Additionally, any severance to which you may become entitled during the Reduction Period will be calculated using your base salary in effect immediately prior to any reduction hereunder.  Please note that to the extent that any of your benefits are based on your annual base salary level, your benefits may be impacted by your base salary reduction.  The reduction in base salary described above may affect the aggregate amount of your contributions to the Company’s 401(k) plan for 2020.  You should consider whether to make any changes to your contribution elections.
Thank you for your continued efforts during these difficult and uncertain times.  
            Sincerely,
            Masonite International Corporation

            By:         /s/ Howard C. Heckes       
            Title: Howard C. Heckes
             President & CEO
Acknowledged and agreed:

/s/ Randal A. White            
Name: Randal A. White 
Date: April 8, 2020

masonite.comDocument

Exhibit 10.5(e)

April 8, 2020
Robert A. Paxton
[                                ]
Tampa, Florida 33629

Dear Bob,
In light of the circumstances surrounding the COVID-19 pandemic and its impact on our business, Masonite International Corporation (the “Company”) is requesting that you agree to reduce your annualized base salary rate from $388,000.00 to $310,400.00 for the time period of April 13, 2020 through June 26, 2020 (the “Reduction Period).  By signing below, you hereby agree and consent to the reduction and agree that the reduction does not constitute “good reason” or a “constructive termination” (or term of similar meaning) under any agreement to which you are a party or any plan in which you participate, including but not limited to the Employment Agreement by and between you and the Company and any equity awards.
Notwithstanding the foregoing, and in accordance with the Company’s Management Incentive Plan, your annual MIP bonus for fiscal year 2020 will be calculated using your base salary in effect at the end of 2020.  Additionally, any severance to which you may become entitled during the Reduction Period will be calculated using your base salary in effect immediately prior to any reduction hereunder.  Please note that to the extent that any of your benefits are based on your annual base salary level, your benefits may be impacted by your base salary reduction.  The reduction in base salary described above may affect the aggregate amount of your contributions to the Company’s 401(k) plan for 2020.  You should consider whether to make any changes to your contribution elections.
Thank you for your continued efforts during these difficult and uncertain times.  
            Sincerely,
            Masonite International Corporation

            By:         /s/ Howard C. Heckes        
            Title: Howard C. Heckes
             President & CEO
Acknowledged and agreed:

/s/ Robert A. Paxton                 
Name: Robert A. Paxton
Date: April 8, 2020

masonite.comExhibit

Exhibit 10.1
Non-Employee Director Compensation Program
Effective July 1, 2020, the TransEnterix, Inc. Non-Employee Director Compensation Program is:
	
					
	Annual Equity Retainer(1)
	Annual Equity Award (2)
	Initial Equity Award (2)

	Non-Employee Director role:
	Dollar value
	Paid in equity in lieu of cash (2)
	Equity grant of stock options or restricted stock units with a value of $45,000.  Director can elect the form of equity.  Cliff vesting at first anniversary of grant or following year’s annual meeting date, if earlier, subject to forfeiture if not vested.
	Equity grant of stock options or restricted stock units with a value of $50,000.  Incoming director can elect the form of equity.  Vests one-third of award on each of the first three anniversaries of the date of grant.

	Baseline Board Compensation
	$40,000
	Equity issued quarterly in arrears to each director under the Plan.  Vested on grant.  Yearly election will be made by each director to receive grant as shares of common stock or stock options.

	Non-Executive Chair
	$40,000

	Audit Committee Chair
	$20,000

	Compensation Committee Chair
	$13,000

	CG & Nominating Committee Chair
	$10,000

	Audit Committee Member
	$9,000

	Compensation Committee Member
	$6,000

	CG& Nominating Committee Member
	$5,000

		
	(1)
	Annual non-employee director compensation limit of $250,000 with initial year compensation limit of $500,000 as set forth in the Amended and Restated Equity Compensation Plan (the “Plan”).  

		
	(2)
	Number of shares of common stock, restricted stock units or stock options calculated using a stock price equal to the greater $1.00 or the average closing price in the 20 trading days prior to the date of grant and, for stock options, if elected by a director, a Black Scholes calculation.  Stock options will have a seven year term.

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