EX-10.10 5 dex1010.htm OFFER LETTER, DATED JULY 30, 1999, FROM THE COMPANY TO ARTHUR C. GRAVES Offer Letter, dated July 30, 1999, from the Company to Arthur C. Graves

EXHIBIT 10.10

 

Knoll

 

 

1235 Water Street

P.O. Box 157

East Greenville, PA 18041

Tel 215 679-7991

Fax 215 679-3904

 

July 30, 1999

 

 

 

Mr. Arthur Graves

222 Cazneau Avenue

Sausalito, CA 94965

 

Dear Art:

 

I am pleased to offer you a promotion to Senior Vice President, Sales and Distribution, effective September 1, 1999. In this capacity, you will function as a key member of the Company’s senior management team.

 

Your annual salary will be $200,000 paid on a bi-monthly basis.

 

As you have in the past, you will be eligible to participate in the Knoll Annual Incentive Program. Under this program you will have a target bonus opportunity to earn 100% of your base salary for performance during the balance of 1999. Payout under this program is based on achieving agreed upon Company gross profit objectives. Your bonus will be pro-rated for 1999.

 

You will also be eligible for the Knoll Relocation policy (copy attached).

 

Art, I am very enthusiastic about this new opportunity for you. I believe that you can make a significant contribution and that this experience can be both profitable and rewarding.

 

Very truly yours,

 

/s/    Kass Bradley

 

Kass Bradley