SEC Contract Filing

Filing Date: 2025-06-25

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<DIV><FONT size="1" style="font-size:1pt;color:white"> September 24, 2020 Christopher Caridi Dear Chris, I am very pleased to confirm our offer of employment with John Wiley &amp; Sons, Inc. as SVP, Global Corporate Controller. This offer is contingent upon a satisfactory background check, your attestation that you are not bound by any contractual restrictions or conflicting obligations and your execution of the attached Agreements and Restrictive Covenants. By signing this offer letter, you confirm that your employment with Wiley will not breach any agreement you have with any third party. As discussed, your employment date will be on or before October 19 (&#8220;Start Date&#8221;). Your salary will be $363,875 annually, less applicable taxes and withholding. You will be eligible to participate in the Wiley Annual Incentive Plan, with a target incentive equal to 50% of your base salary. For fiscal year 2021, which will begin on May 1, 2020, you will be eligible for full participation. Payout will be based on individual and company performance, in accordance with plan provisions. In the event you are required to pay your current employer for you sign on, you will receive a one-time sign-on bonus in the amount of $175,752, subject to taxes and other withholding, payable 30 days after your Start Date. If you leave Wiley voluntarily within one year of your Start Date, you will be required to reimburse Wiley for the full amount of your sign-on bonus. Wiley reserves the right to deduct from your last paycheck, or any payments due you at separation, any debts you owe the Company as permitted by state law. Beginning in fiscal year 2021, you will be eligible to receive annual equity grants under the Business Officer Equity Program, with a target long-term incentive equal to 50% of your base salary. Your first grants will not be prorated. We will recommend to the Executive Compensation and Development Committee (ECDC) new grants that will restore your performance and restricted share units granted under the FY18 through FY21 Business Officer Equity Program, as follows: &#8226; Performance share units: o Earned for the FY18-20 cycle (granted in June 2017) were payable at 72%. On a target number of 2370 performance share units, your 1706 earned shares will vest on October 31, 2020 o Targeted for the FY19-21 and FY20-22 cycles will be 2073 and 2857, respectively. Shares earned for these cycles will be payable on June 30 following the end of each cycle o Targeted for the FY21-23 cycle will be granted in December, following approval of the financial targets for this cycle 111 River Street, Hoboken, NJ 07030-5774, U.S. T +1 201 748 6000 F +1 201 748 6088 www.wiley.com </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white"> 111 River Street, Hoboken, NJ 07030-5774, U.S. T +1 201 748 6000 F +1 201 748 6088 www.wiley.com &#8226; Restricted share units: o The remaining 395 shares granted in June 2017 will vest on April 30, 2021 o The remaining 577 shares granted in June 2018 will vest as follows: 288 on April 30, 2021 and 289 on April 30, 2022 o The remaining 1428 shares granted in June 2019 will vest as follows: 476 on April 30, 2021, 476 on April 30, 2022 and 476 on April 30, 2023 o To be granted for FY21 are 1803 shares, and will vest 25% per year on April 30, 2021-24 Equity awards under the Business Officer Equity Program are granted based upon the recommendation of the EVP and CFO; and subject to the approval of the President and CEO and the Executive Compensation and Development Committee (ECDC) of the Board of Directors. All grants and payouts under the Business Officer Equity Program are subject to and in accordance with plan terms and conditions. All compensation is subject to withholding and payroll taxes. You will be eligible to participate in Wiley's benefits plans in accordance with Company policy. While we look forward to a mutually beneficial relationship, your employment is &quot;at-will.&quot; This offer letter is not a contract and does not guarantee any employment duration, terms, or conditions. Should your employment be involuntarily terminated without cause, you will receive as severance twelve months of base salary. In the event your employment is involuntarily terminated without cause or due to constructive discharge within 24 months of a change in control, you will receive as severance twelve months of base salary and your target annual incentive. In a severance eligible event under this paragraph, you will also receive continued health insurance for the number of months of the cash severance period. All severance described in this paragraph is payable under the Executive Severance Plan, and subject to your signing a release and waiver of claims in a form provided by the Company, and your compliance with the restrictive covenants included in the attached document, which apply as material terms of your employment in any event. For the avoidance of doubt, you will be entitled to any applicable benefits under the Executive Severance Plan, the relevant equity plan or grant agreement to the extent not covered in or greater than the benefits set forth in this letter. Chris, I really look forward to working with you again! Please sign and return this letter, and the Agreements and Restrictive Covenant