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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 11/12/20 Hydrofarm Holdings Group, Inc. S-1 52:34M Toppan Merrill/FA |
Document/Exhibit Description Pages Size 1: S-1 Registration Statement (General Form) HTML 2.16M 2: EX-2.1 Plan of Acquisition, Reorganization, Arrangement, HTML 152K Liquidation or Succession 3: EX-3.1 Articles of Incorporation/Organization or Bylaws HTML 47K 4: EX-3.3 Articles of Incorporation/Organization or Bylaws HTML 95K 5: EX-4.1 Instrument Defining the Rights of Security Holders HTML 13K 6: EX-4.2 Instrument Defining the Rights of Security Holders HTML 78K 7: EX-4.3 Instrument Defining the Rights of Security Holders HTML 74K 8: EX-4.4 Instrument Defining the Rights of Security Holders HTML 152K 9: EX-4.5 Instrument Defining the Rights of Security Holders HTML 120K 10: EX-4.6 Instrument Defining the Rights of Security Holders HTML 35K 11: EX-10.1 Material Contract HTML 623K 20: EX-10.10 Material Contract HTML 40K 21: EX-10.11 Material Contract HTML 598K 22: EX-10.12 Material Contract HTML 107K 23: EX-10.13 Material Contract HTML 51K 24: EX-10.14 Material Contract HTML 50K 25: EX-10.15 Material Contract HTML 612K 26: EX-10.16 Material Contract HTML 119K 27: EX-10.17 Material Contract HTML 80K 28: EX-10.18 Material Contract HTML 660K 29: EX-10.19 Material Contract HTML 72K 12: EX-10.2 Material Contract HTML 732K 30: EX-10.20 Material Contract HTML 544K 31: EX-10.21 Material Contract HTML 270K 32: EX-10.22 Material Contract HTML 123K 33: EX-10.23 Material Contract HTML 41K 34: EX-10.24 Material Contract HTML 585K 35: EX-10.25 Material Contract HTML 50K 36: EX-10.26 Material Contract HTML 40K 37: EX-10.27 Material Contract HTML 41K 38: EX-10.28 Material Contract HTML 136K 39: EX-10.29 Material Contract HTML 103K 13: EX-10.3 Material Contract HTML 101K 40: EX-10.30 Material Contract HTML 136K 41: EX-10.31 Material Contract HTML 179K 42: EX-10.32 Material Contract HTML 232K 43: EX-10.33 Material Contract HTML 23K 44: EX-10.34 Material Contract HTML 118K 45: EX-10.35 Material Contract HTML 38K 46: EX-10.36 Material Contract HTML 87K 47: EX-10.37 Material Contract HTML 86K 14: EX-10.4 Material Contract HTML 79K 48: EX-10.40 Material Contract HTML 79K 49: EX-10.41 Material Contract HTML 189K 15: EX-10.5 Material Contract HTML 134K 16: EX-10.6 Material Contract HTML 94K 17: EX-10.7 Material Contract HTML 63K 18: EX-10.8 Material Contract HTML 63K 19: EX-10.9 Material Contract HTML 62K 51: EX-23.1 Consent of Expert or Counsel HTML 13K 52: EX-23.2 Consent of Expert or Counsel HTML 14K 50: EX-16.1 Letter re: a Change in Accountant HTML 14K
Exhibit 10.33
2249 S. McDowell Ext. • Petaluma, California 94954
B.John Lindeman
Dear John,
We are pleased to offer you the position of Chief Financial Officer with Hydrofarm Holdings Group, Inc. (the "Company") reporting directly to me. This is an exempt position with an estimated annualized salary of $475,000.00 which will be paid in bi-weekly increments as earned and in accordance with the Company's normal payroll procedures.
As agreed upon, your approximate start date is to be determined. A performance and compensation review will be given one (1) year after your date of hire. You will be eligible to earn an annual performance bonus of up to fifty percent (50%) of base salary. The Annual Bonus will be based upon the Board's assessment of your performance and the Company's attainment of goals, including annual EBITDA versus target EBITDA, as determined by the Board. Notwithstanding the foregoing, for the first year of employment, fifty percent (50%) of the pro-rated annual performance bonus ($118,750 multiplied by the ratio of time employed at the Company during the calendar year of 2020) is guaranteed and will be paid in accordance with the Company's normal payroll procedures. In addition, you'll be entitled to a one-time bonus of $100,000 upon successful completion of Initial Public Offering.
You will also be awarded upon hire restricted stock units equal to 1.75% of the Company which vests as follows:
■ 4-year vesting period
■ 25% on anniversary date of 1 year of service
■ After 1st year, prorated monthly vesting of l/36,th of remaining RSUs
■ Termination: upon termination, 12 months of forward vesting
The company will also will pay you, as cash severance, an amount equal to the greater of $237,500 or six (6) months of your base salary in effect as of your separation from service date (provided that if your employment termination is due to your resignation in connection with the reduction of your base salary, then the cash severance payment herein will be based upon your base salary rate as of immediately prior to such reduction). The Severance will be paid, less standard payroll deductions and tax withholdings, in a lump sum payment on or before the day that is sixty (60) days following your separation from service date.
(800) 634.9990 • Fax (707) 773.5955 • shanna@hydrofarm.com • www.hydrofarm.com
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If you choose to accept this offer, your employment with the Company will be voluntarily entered into and will be for no specified period. As a result, you will be free to resign at any time, for any reason or for no reason, as you deem appropriate. The Company will have a similar right and may conclude its employment relationship with you at any time, with or without cause.
For purposes of federal immigration law, you will be required to provide to the Company documentary evidence of your identity and eligibility for employment in the United States. Such documentation must be provided to us within three (3) business days of your date of hire, or our employment relationship with you may be terminated.
In addition, you will be eligible to participate in all the company benefits in accordance with the various policies, provisions and limitations.
As agreed upon, we will accommodate a flexible work arrangement for your position and the Company will reimburse reasonable travel expenses (i.e. airfare, hotel, airport parking, etc.) to and from the headquarters office of the Company in Petaluma, CA.
Employees are eligible to enter the 401k Plan the first of the month after 3 months of continuous employment.
Please contact Shanna Peterson at 707.658.4127 or Shanna@hydrofarm.com if you have any questions with regard to benefits or employment at Hydrofarm, LLC.
It is standard procedure to run a background check through backgroundchecks.com for all new employees, which includes criminal and credit. No applicant will be denied employment solely on the grounds of conviction of a criminal offense and/or credit report. The nature of the offense, the date of the offense, the surrounding circumstances and the relevance of the offense to the position(s) applied for may, however, be considered.
(800) 634.9990 • Fax (707) 773.5955 • shanna@hydrofarm.com • www.hydrofarm.com
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2249 S. McDowell Ext. • Petaluma, California 94954
We are excited about the skills and experience you will bring to Hydrofarm, and we feel you will be an excellent addition to our growing company.
Please indicate your acceptance of our offer by returning a signed and dated copy of this letter by Wednesday, February 26th 2020. Don't hesitate to contact me directly at 610-724-1959 or btoler@hydrofarm.com, if you have any further questions.
Sincerely yours,
William Toler
CEO
BT/sp
I accept the employment offer tendered above from Hydrofarm, LLC. I understand that this is not a contract of employment.
/s/ B. John Lindeman | 2/26/2020 | ||
B. John Lindeman | Date |
(800) 634.9990 - Fax (707) 773.5955 • shanna@hydrofarm.com • www.hydrofarm.com
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This ‘S-1’ Filing | Date | Other Filings | ||
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Filed on: | 11/12/20 | DRS, DRS/A | ||
2/26/20 | ||||
List all Filings |