Exhibit 10.1
July 10, 2025
Dear Amy,
I am very pleased to extend to you the following offer to join Leslie's Poolmart, Inc. (the "Company") as our Chief Merchandising & Supply Chain Officer, reporting directly to Jason McDonell, Chief Executive Officer. We look forward to having you join our company, and I am confident that you will be able to make significant contributions to support our growth at Leslie's.
Effective Date: To be mutually agreed to, but we are prepared to have you start your employment with Leslie's no later than July 20, 2025.
Base Salary: Your annual base salary will be $525,000, less normal withholdings, paid consistently with the Company's standard payroll practices.
Sign-On Bonus: You will receive a one-time sign-on bonus of $150,000, less standard withholdings and deductions, which will be paid on the first regular payroll processing date after 30 days of employment. Your sign-on bonus payment is subject to the terms and conditions of the Sign-On Bonus Agreement provided to you with this Offer Letter.
Bonus Incentive: Your incentive bonus will be based upon the annual results of the Company's financial performance for the fiscal year and is governed by the Company's bonus plan. Your target bonus payment is 65% of your annual base salary, for an annual target bonus of $341,250. This incentive bonus will be prorated from your start date. Additional details about this incentive plan can be found in the Annual Incentive Plan (“AIP”) document.
Long-Term Incentive: At Leslie's, we value the specialized knowledge and significant contributions of our top performers. To align your success with the company's, you'll have the opportunity to share in the ownership, financial success, and personal wealth generation of being a Leslie's shareholder.
Subject to approval by the Compensation Committee of the Leslie's, Inc. Board of Directors (the “Compensation Committee”), you will be eligible for annual equity grants under the Leslie's, Inc. 2020 Omnibus Incentive Plan. The annual grants consist of 50% time based RSUs and 50% Performance Stock Units (“PSUs”), and are typically approved in December of each year. RSU and PSU terms and conditions will be determined by the Compensation Committee in its sole discretion.
Subject to the approval of the Compensation Committee, you will be eligible for an initial grant of 205,685 shares valued at $154,264 consisting of RSUs that will be prorated based on your hire date. Additionally, subject to the approval of the Compensation Committee, you will receive a one-time sign-on RSU equity grant of