EX-10.16 16 d250708dex1016.htm EX-10.16 EX-10.16

Exhibit 10.16

 

LOGO

June 1, 2016

John Clavadetscher

Dear John:

Congratulations on your new position!

We believe that you’ve provided key contributions as a member of our team and will continue to help us achieve significant growth and momentum as the premier provider of automotive digital advertising.

This letter confirms your promotion to the role of Chief Revenue Officer at cars.com effective 6/1/16. In this new role, your target compensation will be:

 

Annual Base Pay:

   $ 290,000  

Annual Commission Target:

   $ 165,000  

Annual SARs/RSUs:

   $ 150,000  
  

 

 

 

Total Compensation:

   $ 605,000  

The new base pay will be reflected within your earnings received in your June 15, 2016 paycheck.

Again, congratulations on your promotion!

Sincerely,

/s/ Alex Vetter

Alex Vetter

President and CEO

Cars.com, LLC