Attached files
April 30,
2009
Richard
Broitman
61 Pal
Street
Plainview,
NY 11803
Dear
Rich,
We are
delighted you have accepted the interim position of Acting Chief Accounting
Officer during the transition of Chief Financial Officers for TheStreet.com.
Your start date in this role will be May 9, 2009.
In
consideration of your service during this period, TheStreet.com agrees to pay
you a discretionary performance bonus, guaranteed to be at least $20,000
provided you meet or exceed the goals set forth in Schedule A, attached
hereto. The bonus payment will be made at year-end 2009
or shortly thereafter, in accordance with the Company’s normal schedule for
year-end bonus payments. You must be employed by the Company through
December 31, 2009 in order to receive this bonus.
Very
truly yours,
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THESTREET.COM
INC.,
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By:
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/s/ Daryl Otte
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Daryl Otte
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Interim Chief Executive Officer
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AGREED
AND ACCEPTED:
/s/ Richard Broitman
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Richard
Broitman
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Schedule
A
Components of the bonus plan
for Richard Broitman:
·
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Until
a new Chief Financial Officer commences employment, complete the
preparations for the issuance of any Earnings Release during his time
serving as Acting Chief Accounting Officer. This includes
leading of the finalization of the release, and managing the Investor
Relations associate through the filing process to ensure a timely and
accurate quarterly release;
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·
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Until
a new Chief Financial Officer commences employment, participate in Company
earnings calls. This includes leading the preparation of the script
for the call and participating in the call itself by reading agreed upon
prepared remarks from the final script and answering questions after the
prepared remarks as appropriate;
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·
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Manage
the public filing process, which includes the completion of
quarterly10Qfilings and signing the respective 10Q as Acting CAO of
TheStreet.com;
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·
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Work
with Teri Santos to complete the quarterly Board pack and ensure it is
sent to the Board by the scheduled
dates;
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·
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Complete the
preparations for the Annual Meeting of
Stockholders of TheStreet.com, Inc., to be held
on May 28,
2009. This
includes
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·
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Direct
the preparation of and acting as final reviewer of all financial reports,
including income statements, balance sheets, budgets, tax returns, sales
tax, payroll taxes, payroll filings and reports for government regulatory
agencies;
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·
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Act
in an investor relations capacity with institutional investors as
needed;
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·
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Effectively
transition your knowledge of TheStreet.com accounting department and
systems, as best as possible, to the new Chief Financial
Officer.
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