Torrid reduces CCO Elizabeth Muñoz-Guzman's base salary to $700K, bonus target to 100%

Torrid Holdings Inc.

Effective Aug 31, 2023, CCO's base salary reduced from $900,000 to $700,000.
Target bonus opportunity cut from 125% of base salary to 100% of base salary.
Executive acknowledges changes do not constitute Good Reason and waives related claims.
No other material changes to the employment agreement.

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