Attached files

file filename
8-K - SCHOOL SPECIALTY INCschs8k.htm
EX-10.1 - MANAGEMENT INCENTIVE PLAN - SCHOOL SPECIALTY INCexh101.htm

Exhibit 10.2


 

[exh102001.jpg]

W6316 Design Drive

Greenville, WI 54942

P.O. Box 1579

Appleton, WI 54912-1579

Phone: 888-388-3224

Fax: 888-388-6344

www.schoolspecialty.com





Science



Reading & Literacy



Arts Education



Early Childhood



Life Skills



Physical Education

& Health



Special Needs



Career Education



Furniture

& Equipment



School & Teacher

Supplies



School Smart™



September 18, 2013





Mr. Pat Collins

5566 South Oak Street

Hinsdale, IL 60521


Dear Pat:


This letter confirms our offer regarding your new role of  EVP – Supplies Business  for School Specialty, Inc. (SSI).  The following highlights additional financial elements of your position in recognition and value to the Company.


·

Base Slary:  Your new annual base salary for this position is $360,000, or a biweekly rate of $13,846.15.   This is effective Monday, September 23, 2013.


·

Bonus Plan:  You will continue to participate in the SSI Management Incentive Program with a new target payout of 50% of your base salary.


Pat, please be advised that your Employment Agreement and all other benefits afforded you remain intact and unchanged, and that this letter outlines a change to your current compensation only.


I look forward to our continued partnership and making SSI a successful Company.


Sincerely,



Jim Henderson

Chairman of the Board &
Interim President and CEO