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MarketScreener Homepage  >  Equities  >  Nyse  >  PAR Technology Corporation    PAR

PAR TECHNOLOGY CORPORATION

(PAR)
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PAR TECHNOLOGY CORP : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)

02/17/2021 | 04:03pm EST

Item 5.02 Departure of Directors or Certain Officers; Election of Directors;

          Appointment of Certain Officers; Compensatory Arrangements of Certain
          Officers.


(e) On February 16, 2021, Savneet Singh and PAR Technology Corporation (the "Company") entered into an amendment (the "Amendment") to Mr. Singh's Employment Letter, dated February 27, 2020. The Amendment became effective on February 16, 2021.

Pursuant to the Amendment, the Company agreed to increase (i) Mr. Singh's base salary to $575,000 and (ii) his annual short-term incentive bonus threshold, target, and maximum payout for each of the Company's fiscal years ending December 31, 2021 and 2022 from 80% (threshold), 90% (target), and 100% (maximum) to 90% (threshold),100% (target) and 110% (maximum) of his base salary earned in each of those fiscal years.

Item 9.01 Financial Statements and Exhibits




(d) Exhibits

Exhibit
Number   Description

104      Cover Page Interactive Data File (embedded within the Inline XBRL document)


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© Edgar Online, source Glimpses

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