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Exhibit 10.8
[RadioShack Corporation
Letterhead]
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300 RadioShack Circle
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Fort Worth, Texas 76102
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(817) 415-3011
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July 27, 2006
James Gooch
275 Abbey Street
Birmingham, MI 48009
Dear Jim:
We value your talent and expertise
and hope you’ll join us in our journey to become the best. It
is our pleasure to extend an offer to you to join the RadioShack
team as Chief Financial Officer. The specifics of this employment
offer are set forth below.
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Base Salary
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$16,346.15
bi-weekly ($425,000.00 annualized)
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Sign-On
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The Company
will provide you with a sign-on bonus of cash in the amount of
$50,000.
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In addition you
will receive 15,000 shares of restricted stock upon joining
RadioShack. This grant of restricted stock is subject to the
approval of the Board of Directors at their next scheduled
meeting.
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Target Bonus
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You will be
eligible for an annual bonus based on the performance of the
Company and you, as follows:
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$318,750 Annual
Incentive Target (75% of base salary), prorated from your first day
of employment through December 31, 2006.
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For 2006 (bonus
paid in 2007), we agree to guarantee a bonus of
$175,000.
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Stock Options
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Grant to
purchase 225,000 shares of RadioShack Corporation Common Stock,
which will vest over four years.
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This grant is
also subject to approval of the Board of Directors at their next
scheduled meeting.
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Vacation
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4 weeks
vacation each employment anniversary year
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5 weeks
vacation after 20 years of continuous employment
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Relocation
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The Company
will provide you with relocation assistance. This will include
packing/unpacking and shipping of your household goods and a
furnished temporary apartment through August 15, 2007 and will pay
for a suitable number of trips back and forth to your Michigan
residence. We will also assist in the sale of your current home
through our Home Marketing Assistance and Appraised Value / Amended
Value Program with our relocation provider.
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July 27, 2006
Mr. James Gooch
Page 2
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