Document:

EX-10.23

 Exhibit 10.23 

 
 

 
 November 1, 2011 
 Jason
Blaisure 

               
      

               
      
 Dear Jason: 

It is our pleasure to offer you full time employment with Agro Farma, Inc. makers of Chobani Greek Yogurt. The Agro Farma brand is premiere in the industry
and no other company has more experience or expertise in manufacturing Greek yogurt. You will become a part of our team that is not only committed to excellence, but also rewards innovation, recognizes individual contributions, and encourages
professional growth. You will find a career at Agro Farma, Inc. to be challenging, exciting and personally rewarding. 
 Our strong desire to have you join
us as a regular, full time employee is evidenced by the competitive compensation and benefit package offered below: 
  

	 	•	 	 Position/Salary: Plant Superintendent; Salary $90,000 per year, bonus potential equal to 30% of salary
based on company performance and personal goals (pro-rated your first year). 

  

	 	•	 	 Medical Benefits: Eligible for enrollment on the 1st of the month following employment.

  

	 	•	 	 Vacation Time: Eligible for three weeks of vacation during your first year of employment.

  

	 	•	 	 401(k) Plan): Eligible for enrollment on the 1st of
the month following ninety (90) days employment. 

  

	 	•	 	 Pay Date: Weekly every Friday 

 

	 	•	 	 Required Information: Regulatory forms (e.g. Form I-9, W-4, etc.) will be completed on your first day of employment. Please have two (2) forms of identification for completion of Form I-9. Also, a void check or a letter from
your bank is required for Direct Deposit on your first day of work. 

 This offer is contingent upon the successful completion of a pre-employment background verification consisting of criminal, employment/education, and professional references. You must also pass a drug test after you accept this offer of employment. This offer may be rescinded
if the results of your drug test are positive or questionable. 

  
 669 County Road 25, New
Berlin, NY 13411 
 607-847-6181 Phone 

607-847-8847-Fax 

 Offer Letter 

 Page
 2
 
  

 Your first 90 days of Agro Farma employment are considered your introductory period. During this period, you
or Agro Farma can end the employment relationship at any time, for any reason, with or without cause unless prohibited by law. Agro Farma, Inc. is an employer at will. This means that either you or Agro Farma, Inc. can end the employment
relationship at any time, for any reason, with or without cause, unless prohibited by law. 
 We appreciate your commitment to grow your career with Agro
Farma. As I am sure you will agree, we are committed to your future career with Agro Farma, Inc. as evidenced by an outstanding and comprehensive compensation package. 

Please indicate your acceptance of this offer by signing below and indicating your intended start date. This offer will be rescinded two weeks from the date
of this letter if not accepted by the latter date. 
 We at Agro Farma, Inc. would like to extend a warm welcome to you! 

Sincerely, 
  

					
			
	/s/ Valerie Wasielewski	  	 /s/ Jason Blaisure
	 	    11/1/11
	Valerie Wasielewski	  	Jason Blaisure	 	    Date
	Recruiter	  		 	
	Agro Farma, Inc.	  	Anticipated Starting Date: 11/28/11	 	

  
 669 County Road 25, New
Berlin, NY 13411 
 607-847-6181 Phone 

607-847-8847-FaxEX-10.24

 Exhibit 10.24 

 
  
 

 
 200 Lafayette Street, 6th Floor 

New York, New York 10012 
 T(212) 364 6490 
 chobani.com 

 

			
		  	Jason Blaisure
		
		  	Dear Jason,
		
	AUGUST 2018	  	We are pleased to inform you of our decision to award you with Retention Bonus Payments, as a component of your Total Compensation package.
	-	  	
	NEW YORK, NY	  	Effective with the payroll immediately following June 30 and December 31 in each of fiscal years 2018, 2019 and 2020, we will make a lump sum payment to you in the amount of $25,000, subject to all taxes required by
law.
		
		  	Should Chobani implement a long term incentive program, these Retention Bonus Payments would cease.
		
		  	All of us here at Chobani wish to extend our appreciation for your contributions and commitment to the organization. Your continued dedication to our goals is essential to our future success.
		
		  	Sincerely,

  

			
		
		  	/s/ Grace Zuncic
		
		  	Grace Zuncic
		  	Senior Vice President, PeopleEX-10.25

 Exhibit 10.25 

 
 

 
 August 21, 2020 
 JASON
BLAISURE 
 CONFIDENTIAL 
 Dear Jason, 

In assuming your new position as Chief Supply Chain Officer, I am very pleased to provide this formal confirmation of the adjustment to your annual base
salary to $450,000 effective August 9, 2020. 
 Effective with the 2020 fiscal year, your bonus potential will remain same at 50% of your salary, pro-rated based on the effective date of your revised salary, and payable in accordance with Chobani’s standard payroll practice, less applicable taxes, deductions and withholdings. 

I look forward to being in-touch in September regarding your additional participation in the Chobani Rewards and
Long-Term Incentive programs, following approval by Hamdi and the Chobani Board. 
 Jason, thank you for your outstanding and tireless commitments to the
Chobani business, our people, culture, team and values. 
  

	
	Sincerely,
	
	/s/ Grace C. Zuncic
	
	Chief People and Culture
	Officer Chobani LLCEX-10.26

 Exhibit 10.26 

 
 

 
 August 3, 2021 
 Jason
Blaisure 

               
      

               
      
 Dear Jason, 

Thank you for your continued commitment to Chobani, LLC (“Company” or “Chobani”). In recognition of your role at the
Company, Chobani would like to provide you the following severance benefit subject to the terms herein: 
  

	 	1.	 Severance: If the Company terminates your employment without cause1, then subject to the provisions of this letter, the Company will pay you nine months of your then base salary (less applicable deductions), which will be paid in equal amounts bi-weekly or weekly, in accordance with the Company’s then normal payroll cycle. The payments above are conditioned on you signing a general release of any and all claims against the Company in a form
reasonably acceptable to the Company, your delivery of such release to the Company within 45 days after the date of your termination and your not revoking such release pursuant to any revocation rights afforded by applicable law, and are subject to
the provisions of the Agreement of Confidentiality and Non-Competition previously signed by you with the Company; and, provided, further, any payments to be paid to you hereunder are subject to your continued
compliance with the Agreement of Confidentiality and Non-Competition. 

  

	 	2.	 Employment At-Will. Please understand that this letter does not
constitute a contract of employment for any specific period of time, and you maintain your employment at-will relationship that you have had since you joined Chobani. You may be terminated at any time by you
or the Company, with or without Cause. The at-will nature of the employment relationship may not be modified or amended except by written agreement signed by the President and COO (or, an authorized designee)
and you. 

  

	 	3.	 Entire Agreement. This letter (together with the Agreement of Confidentiality and Non-Competition) constitutes the entire agreement between you and the Company. It supersedes any prior agreements, or other promises or statements (whether oral or written) regarding the subject matter hereof. The
Company will have the right to assign this letter in connection with the transfer or sale of all or substantially all of its assets or business, or in the event of its merger, consolidation, change-in-control or similar transaction. 

  

	 	4.	 IRC 409A. This letter is intended to comply with Section 409A of the Internal Revenue Code
(“Section 409A”) or an exemption thereunder and shall be construed and administered in accordance with Section 409A. Notwithstanding any other provision of this letter, payments provided under this letter may only be made
upon an event and in a manner that complies with 

  

1 For purposes of this letter, termination for “cause” (or words of similar import) means
termination of your employment by the Company based upon the occurrence of one or more of the following: (i) your refusal or material failure to perform your job duties and responsibilities; (ii) your failure or refusal to comply in any
material respect with the policies of the Company or lawful directives of the Chief Executive Officer and/or the Company’s manager (or comparable governing body); (iii) your material breach of any contract or agreement between you and the
Company (including but not limited to this letter and the Agreement of Confidentiality and Non-Competition (or any other employment, severance, restrictive covenants or similar agreements between you and the
Company)); (iv) your material breach of any statutory duty, fiduciary duty or any other obligation that you owe to the Company; (v) your commission of an act of fraud, theft, embezzlement or other unlawful act against the Company or involving
its property or assets (including, without limitation, its products); (vi) your engaging in unprofessional, unethical or wrongful acts that materially discredit the Company or are materially detrimental to the reputation, character or standing of
the Company, its property or assets (including, without limitation, its products); or (vii) your indictment, conviction or plea of nolo contendere or guilty plea with respect to any felony or crime of moral turpitude.

 

 
  

	 	Section 409A or an applicable exemption. Any payments under this letter that may be excluded from Section 409A either as separation pay due to an involuntary separation from service or as a
short-term deferral shall be excluded from Section 409A to the maximum extent possible. For purposes of Section 409A, each installment payment provided under this letter shall be treated as a separate payment. Any payments to be
made under this letter upon a termination of employment shall only be made upon a “separation from service” under Section 409A. Notwithstanding the foregoing, the Company makes no representations that the payments and benefits
provided under this letter comply with Section 409A and in no event shall the Company be liable for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by you on account of non-compliance with Section 409A. Notwithstanding any other provision of this letter, if any payment or benefit provided to you in connection with termination of employment is determined to constitute
“nonqualified deferred compensation” within the meaning of Section 409A and you are determined to be a “specified employee” as defined in Section 409A(a)(2)(b)(i), then such payment or benefit shall not be paid until
the first payroll date to occur following the six-month anniversary of your termination date (the “Specified Employee Payment Date”) or, if earlier, on the date of your death. The aggregate of
any payments that would otherwise have been paid before the Specified Employee Payment Date shall be paid to you in a lump sum on the Specified Employee Payment Date and thereafter, any remaining payments shall be paid without delay in accordance
with their original schedule. 

  

	 	5.	 Miscellaneous. This letter will be governed by and construed under the laws of the State of New York
without regard to conflicts of laws principles. This letter may be signed in counterparts with the same effect as if the signatures to each counterpart were upon a single instrument, and all such counterparts together shall be deemed an original of
this letter. The signature of either you or I hereto transmitted electronically or by facsimile shall be deemed to be your or my original signature for all purposes. 

Please indicate your acceptance of this letter by signing where indicated below and returning an executed copy of this letter to me at your
earliest convenience. 
 Sincerely, 
 /s/ Peter McGuinness

 Peter McGuinness 
 President and Chief Operating Officer 

ACCEPTED AND AGREED AS OF AUGUST 5, 2021 
 /s/ Jason
Blaisure 
 Jason Blaisure

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