Tapestry ~ Victor Luis

Tapestry (NYSE: TPR) $6.57b Victor Luis departs as CEO resigns from Board

$$$$ Cash payment $700,000; plus $1,155,583; Base salary continuance for 21 months $2,450,000; Bonus calculation $4,044,542; Payment of 2020 bonus based on Performance-Based Annual Incentive Plan; Continue coverage group health plans pursuant to COBRA plus payment of portion of COBRA for 27 months; Continued payment of universal life insurance policy; Continued vesting unvested annual stock option and restricted stock unit awards for 27-month; Annual cliff-vesting performance restricted stock unit awards will be eligible to vest on the original vesting dates based on actual performance; Signs confidentiality, non-disparagement provisions and non-competition and non-solicitation restrictive covenants https://tapestry.gcs-web.com/corporate-governance/board-of-directors