OFFER LETTER, BY AND BETWEEN TAILORED SHARED SERVICES, LLC AND JAMIE BRAGG, EFFECTIVE AS OF MAY 7, 2019
Tailored Brands, Inc. / DE
Dear Jamie,
As EVP, Chief Supply Chain Officer of Tailored Brands, your leadership in the coming year will be critical to us achieving both our short term financial objectives as well as making progress against longer term strategic positioning and objectives. The purpose of this letter is to outline your target compensation for 2019 and illustrate for you how the achievement of these short and long term objectives will directly impact your actual compensation. Your 2019 Total Direct Compensation (at target) of $1,233,750 consists of three components:
| 1. | FY19 Base Salary: $475,000 |
| 2. | FY19 Bonus Target: $308,750 |
Your bonus consists of 3 parts:
| ● | Company EBIT Target (60%) — $185,250 |
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