EX-10.42 6 a2218233zex-10_42.htm EX-10.42

Exhibit 10.42

 

 

Date

 

Dear Name,

 

I would like to take this opportunity to thank and recognize you for your performance contributions, determination, flexibility and teamwork, which have made a positive impact within the Spirit team.

 

Effective x Date, your Executive Compensation will be adjusted as noted below:

 

Current Base Salary:

 

$xx

 

New Base Salary:

 

$xx

 

 

 

 

 

Current Short-Term Incentive Plan (STIP):

 

xx%

 

New Short-Term Incentive Plan (STIP):

 

xx%

 

 

 

 

 

Current Long-Term Incentive Plan (LTIP):

 

xx%

 

New Long-Term Incentive Plan (LTIP):

 

xx%

 

 

 

 

 

Current Total Direct Compensation (TDC):

 

$xx

 

Your new Total Direct Compensation (TDC):

 

$xx

 

 

Once again, thank you and congratulations. I look forward to strong performance and achieving our goals in 201X and beyond.

 

Sincerely,

 

Manager