EX-10.2
from 8-K
9 pages
1. Employment Period. From the Date Hereof Through the Earlier of the Effective Date or Your Death or Incapacity (The “Employment Period”), You Will Continue to Serve as CEO of the Company With All of the Duties and Responsibilities Attendant to Such Position. During the Employment Period, You Shall Continue to Receive Compensation and Be Provided Perquisites and Employee Benefits Commensurate With That Which Is in Effect as of the Date Hereof. in Addition, the Company Will Reimburse You for Up to $10,000 of Legal Fees in Connection With the Review and Negotiation of This Letter Agreement. Upon the Effective Date, Without Any Further Action Necessary, You Shall Be Deemed Have Resigned Employment and Your Position as CEO of the Company, as Well as Any Other Positions You Hold With the Company (Other Than as a Member of the Board). Your Performance Incentive Award for 2024 Will Be $1,500,000, Which Amount Will Be Paid 50% in Cash and 50% in Equity in Accordance With Past Practice. Such Award Will Be Made When Such Awards Are Paid to Other Senior Executives of the Company, but No Later Than March 15, 2025
12/34/56
EX-10.1
from 10-Q
~5
pages
November 27, 2023 ● This Position Will Report to Dan Bernstein, President and CEO of Bel. ● as Bel Is an “At Will” Employer, This Offer Is for a Non-Specified Period of Time. ● Place of Work Will Be 1700 Finley Road, Lombard, Il 60148 or at Other Group Locations if Business Reasons Demand It. ● Your New Role Will Be Effective July 1, 2024. ● Your Annual Salary Will Be $250,000 to Be Paid Out Semi-Monthly in an Equal Manner Over the Course of the Year. ● You Will Be Awarded a One-Time Stock Grant of 10,000 Shares in the Normal Cycle of Grant Awards That Will Vest on the Same Schedule as the Executive Team. ● Your Position Is Exempt From Minimum Wage, Overtime, and Other Provisions Under State and/or Federal Law. ● Your Current Time Off Will Remain the Same, and Your Benefits Will Remain as Elected and Enrolled
12/34/56
EX-10.13
from 10-K
4 pages
October 25, 2022 ● This Position Will Report Directly to Dan Bernstein, President and CEO of Bel Fuse Inc. ● as Bel Fuse Inc. Is an “At Will” Employer, This Offer Is for a Non-Specified Period of Time. ● Place of Work Will Be 1700 Finley Road, Lombard, Il 60148 or at Other Group Locations if Business Reasons Demand It. ● Your First Day of Employment Will Be November 15, 2022. ● Your Annual Salary Will Be $275,000 to Be Paid Out Semi-Monthly in Equal Manner Over the Course of the Year
12/34/56
