American Home Shield 2011 Annual Report Download - page 181
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Exhibit 10.37
November 3, 2011
Thomas J. Coba
Seven Buddington Park
Shelton, CT 06484
Dear Tom,
We are pleased to extend to you this offer of employment for the positions of President, ServiceMaster Clean and President, Merry
Maids. In these positions, you will report to me. Your effective start date will be based on Mutual Agreement.
Your base compensation in this position will be at an annual rate of $425,000. This will be paid semi-monthly on the 15th and the last
business day of each month.
For 2012, you will be eligible to receive a bonus payment with a target of 65% of your base salary under the 2012 Annual Bonus Plan
("ABP").
You will receive a $400,000 sign-on bonus, payable after thirty (30) days of employment. You will be required to sign a Sign-On
Bonus Repayment Agreement, included with your new hire paperwork. This agreement will provide for the repayment of your sign-
on bonus on a pro-rata basis if you terminate from ServiceMaster prior to the second anniversary of your hire.
Upon approval by the Compensation Committee of the Board of Directors, you will have the opportunity to participate in the
ServiceMaster Global Holdings, Inc. Stock Incentive Plan by investing up to $250,000, with a minimum investment of $125,000
required, at the next offering of the sale of shares following your start date. The price of the shares at the time of your purchase will
be the Fair Market Value (as defined in the Plan documents), as determined by the Compensation Committee of the Board of
Directors. The number of shares you receive will be determined by dividing the amount of your investment by the Fair Market Value
per share.
If you choose to purchase the shares offered to you, you will also be granted four (4) options for each share purchased. Each option
will have a strike price equal to the Fair Market Value of a share of stock at the time of the grant of the options.