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EXHIBIT 10.8
May 2, 2014
Chris Cox
Facebook, Inc.
1601 Willow Road
Menlo Park, CA 94025
Dear Chris:
This letter agreement amends and restates the offer letter entered into between you and Facebook, Inc. (the “ Company ”), dated
October 17, 2005.
You will continue to work at the Company’s Menlo Park office in the role of Chief Product Officer, reporting to Mark
Zuckerberg.
1. Compensation .
a. Base Wage . In this position, you will earn a base salary of $575,000 per year. Your wages will be payable bi-weekly
pursuant to the Company’s regular payroll policy. Your pay will be periodically reviewed as a part of the Company’s regular reviews of
compensation.
b. Bonus . You may be eligible to receive a semi-annual discretionary bonus of up to a target of 75% of your Base Eligible
Earnings as defined in the Company's bonus plan. Based on your performance, you can over-achieve your bonus target pursuant to the
Company's bonus plan.
c. Equity Awards . The Company acknowledges that it has previously issued equity awards to you under the Company’s 2005
Stock Plan and 2012 Equity Incentive Plan. Nothing in this letter agreement will amend or affect the terms of such awards.
2. Employee Benefits .
a. Paid Time Off . Subject to the Company’
s PTO policy, you will be eligible to accrue up to 21 days of PTO per calendar year,
pro-rated for the remainder of this calendar year.
b. Group Plans . The Company will provide you with the opportunity to participate in the standard benefits plans currently
available to other similarly situated employees, including medical, dental, and vision, subject to any eligibility requirements imposed by
such plans.
3. Confidentiality Agreement . By signing this letter agreement, you reaffirm the terms and conditions of the Confidential
Information and Invention Assignment Agreement (the “ Confidentiality Agreement ”) by and between you and the Company, dated
October 17, 2005.
4. No Conflicting Obligations . You understand and agree that by signing this letter agreement, you represent to the Company
that your performance will not breach any other agreement to which you are a party and that you have not, and will not during the term of
your employment with the Company, enter into any oral or