![]() In order to be eligible for the next Annual Grant, you must commence employment with the Company prior to November 1. ![]() In addition, in connection with the Company’s annual employee review process, you will also be eligible to receive an annually recurring equity award having a target value equal to the target value of your New Hire Grant (the “Annual Grant”), subject to the approval of Blue Apron’s Board of Directors at such time. ![]() This New Hire Grant will be subject to the terms and conditions of Blue Apron’s equity incentive plan, equity compensation program and the award agreement applicable to the New Hire Grant, including vesting requirements. Your New Hire Grant will vest over four years in accordance with the vesting schedule applicable to such equity award. If you decide to join the Company, it will be recommended to Blue Apron’s Board of Directors that Blue Apron grant you an equity award having a target value of $750,000 (the “New Hire Grant”). Your position is classified as exempt from the state and federal wage and hour laws, so you will not receive any overtime pay. The Company hereby offers you full-time employment as Chief Financial Officer of Blue Apron beginning on or about with an annual base salary of $400,000.00 at the Company's offices located in New York, New York (Flatiron). (“Blue Apron” and, collectively with its affiliates, including the Company, the “Company Group”), and sets forth the terms and conditions of that employment. This letter confirms our previous conversations regarding the employment opportunity available to you with Blue Apron, LLC (the “Company”), an affiliate of Blue Apron Holdings, Inc. We are confident that your skills and experience will be an asset to our company, and are excited for you to become a part of our team. Congratulations! We are delighted to offer you the opportunity to share in our mission of making incredible home cooking accessible to everyone.
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