SEC Contract Filing

Filing Date: 2023-05-09

Document Content:
<DOCUMENT>
<TYPE>EX-10.6
<SEQUENCE>8
<FILENAME>a1q23ex106offerletteragree.htm
<DESCRIPTION>EX-10.6
<TEXT>
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<title>Document</title></head><body><div id="i502d86e9d6be4aa39e203ad048105d7b_1"></div><div style="min-height:72pt;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Exhibit 10.6</font></div><div style="text-align:center"><img alt="imagea.jpg" src="imagea.jpg" style="height:60px;margin-bottom:5pt;vertical-align:text-bottom;width:240px"></div></div><div style="text-align:center"><font><br></font></div><div style="text-indent:-0.25pt"><font style="color:#1f1f1f;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">January 12, 2023</font></div><div><font><br></font></div><div><font style="color:#1f1f1f;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Dawn L. Kussow</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:-0.25pt"><font style="color:#1f1f1f;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Dear Dawn,</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:-0.25pt"><font style="color:#1f1f1f;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">We are pleased to confirm our offer for your promotion to Executive Vice President and Chief Financial Officer starting on February 24, 2023. We look forward to the contributions you will make in your new role! The details of your promotion are as follows&#58;</font></div><div><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#1f1f1f;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14.15pt">This offer is contingent upon the approval of the Compensation Committee of the Board of Directors. This offer is also contingent upon completion of an officers' questionnaire and an auditor's questionnaire. If there is a failure with regard to any one or more of these items, this offer may be rescinded.</font></div><div><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#1f1f1f;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14.15pt">Your bi-weekly salary will be $20,384.61 (equivalent to $530,000.00 annually), and you will continue to be paid every other Friday. Your position is considered exempt and you are not eligible for overtime compensation.</font></div><div><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#1f1f1f;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#1f1f1f;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14.15pt">If the Company requests that you relocate to the Nashville, TN area, you will be expected to relocate upon at least six months&#8217; notice and your position will then be based in the Brentwood office&#59; however, in no event will you be required to relocate prior to the first anniversary of your start date in the new role. If the Company requests your relocation, you will be provided with relocation assistance in connection with your permanent relocation to the Nashville, TN area. Please see the enclosed Associate Relocation Assistance Agreement for details.</font></div><div><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#1f1f1f;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#1f1f1f;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14.15pt">You will be eligible to continue to participate in the 2023 Management Incentive Plan (MIP), with the target bonus award for your new role reflecting 80% of your base salary paid during the plan year in such role. Details of the 2023 MIP cash bonus program will be forwarded to you at a later time. The bonus will be paid subject to the level of achievement of performance measures and other provisions of the plan adopted by the Compensation Committee. Brookdale may revoke or alter any bonus program at any time with or without notice to you. The program is designed to reward our associates&#59; however the financial strength at the time any bonus is determined or paid may dictate the outcome of the program.</font></div><div><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#1f1f1f;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#1f1f1f;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14.15pt">This position is currently eligible to receive annual long-term incentive awards under Brookdale&#8217;s long-term incentive plan, with an annual grant date value and vesting terms to be approved by the Compensation Committee (which vesting terms generally will be consistent with those provided to other executive officers of the Company). The first full annual award will be made in 2023. Awards will be subject to the vesting and other terms approved by the Compensat