Document:

Document

Exhibit 10.1

AMENDMENT NO. 1 TO 
EXECUTIVE EMPLOYMENT AGREEMENT

This amendment dated May 24, 2022 (the “Amendment”) amends the executive employment agreement dated September 2, 2021 (“Agreement”), by and between Waitr Holdings Inc., a Delaware corporation (the “Company”) and Armen Yeghyazarians (“Executive”), and is effective the 17th day of June, 2022 (“Effective Date”).
WHEREAS, the Company and Executive desire to amend the Agreement to reflect increased responsibility and compensation as detailed herein;
NOW, THEREFORE, in consideration of the above, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:
1.Amendment and Restatement of Section 2.1.  Section 2.1 of the Agreement is hereby amended and restated in its entirety as follows:
Position. During the Employment Term and effective on the Effective Date, Executive shall serve as the Chief Accounting Officer and Chief Financial Officer of the Company, reporting to the chief executive officer or Board of Directors of the Company (the “Board”). In such position, Executive shall have such duties, authority, and responsibilities as shall be determined from time to time by the chief executive officer (or the Board), which duties, authority, and responsibilities are consistent with Executive’s position. Executive shall, if requested, also serve as a member of the Board or as an officer or director of any affiliate of the Company for no additional compensation.
2.Amendment of Section 4.1.  Section 4.1 of the Agreement is hereby amended to add the following sentence:
Commencing on the Effective Date, the Base Salary shall increase to $300,000 per year.
3.No Other Amendments.  Except as set forth in Sections 1 and 2 of this Amendment, the Agreement shall remain in full force and effect as currently in effect and, by execution of this Amendment, each party re-affirms the provisions and terms of the employment relationship set forth in the Agreement (as amended by this Amendment).
4.Severability.  Should any one or more of the provisions of this Amendment be determined to be illegal or unenforceable, all other provisions of this Amendment shall be given effect separately from the provision or provisions determined to be illegal or unenforceable and shall not be effected thereby.
5.Counterparts.  This Amendment may be executed in multiple counterparts with the same effect as if all parties had signed the same document.  All such counterparts shall be deemed an original, shall be construed together and shall constitute one and the same instrument.

6.Entire Agreement.  This Amendment and the Agreement constitute the full and entire understanding and agreement between the parties with respect to the subject matter hereof.
7.Defined Terms.  Defined terms used in this Amendment shall have the meaning ascribed to them herein or in the Agreement.
IN WITNESS WHEREOF, each of the parties hereto has executed this Amendment or has caused this Amendment to be executed on its behalf by a representative duly authorized, to be effective on the Effective Date.

Waitr Holdings, Inc.

By:   /s/  Carl Grimstad                          
Carl Grimstad, Chief Executive Officer

Executive

      /s/  Armen Yeghyazarians              
Armen YeghyazariansEXHIBIT 10.2

  

  

  

  

  

  
    FORM OF

    RESTRICTED STOCK AWARD AGREEMENT

    

    

    Granted by

    

    

    AFFINITY BANCSHARES, INC.

    

    

    under the

    

    

    AFFINITY BANCSHARES, INC.

    2022 EQUITY INCENTIVE PLAN

    

    

    This restricted stock agreement (“Restricted Stock Award” or “Agreement”) is and will be subject in every respect to the provisions of the
      2022 Equity Incentive Plan (the “Plan”) of Affinity Bancshares, Inc. (the “Company”) which are incorporated herein by reference and made a part hereof, subject to the
      provisions of this Agreement.  A copy of the Plan has been provided or made available to each person granted a Restricted Stock Award pursuant to the Plan.  The holder of this Restricted Stock Award (the “Participant”)

      hereby accepts this Restricted Stock Award, subject to all the terms and provisions of the Plan and this Agreement, and agrees that all decisions under and interpretations of the Plan and this Agreement by the Committee of the Board of Directors of
      the Company (the “Committee”) will be final, binding and conclusive upon the Participant and the Participant’s heirs, legal representatives, successors and permitted assigns.  Except where the context otherwise
      requires, the term “Company” will include the parent and all present and future subsidiaries of the Company as defined in Section 424(e) and 424(f) of the Internal Revenue Code of 1986, as amended from time to time (the “Code”).  Capitalized terms used herein but not defined will have the same meaning as in the Plan.

     

    

    
      	1.	
              Name of Participant:_______________________________

            

    

    

    

    
      	2.	
              Date of Grant:__________________

            

    

    

    

      
    
      	
              3.

            	
              Total number of shares of Company common stock, $0.01 par value per share, covered by this Restricted Stock Award:_________

            

    

     (subject to adjustment pursuant to Section 8 hereof).

    

    

    	4.	
            Vesting Schedule.  Except as otherwise provided in the Plan or this Agreement, this Restricted Stock Award shall vest as follows:

          

    

    

    Vesting Date Number

          of Shares Vesting

    

    

    

    

    	5.	
            Grant of Restricted Stock Award.  The Restricted Stock Award will be in the form of issued and outstanding shares of Stock registered in the name of the Participant and held
              by the Company, together with a stock power executed by the Participant in favor of the Company, pending the vesting or forfeiture of the Restricted Stock.  Notwithstanding the foregoing, the Company may, in its sole discretion, issue
              Restricted Stock in any other format (e.g., electronically) in order to facilitate the paperless transfer of the Awards.

          

    
      
        

    

    
    

    

    If certificated, the certificates evidencing the Restricted Stock Award will bear a legend restricting the transferability of the Restricted Stock.  The Restricted Stock awarded to
      the Participant will not be sold, encumbered hypothecated or otherwise transferred except in accordance with the terms of the Plan and this Agreement.

     

    

    	6.	
            Terms and Conditions.

             

            

          

    	

          	6.1	
            The Participant will have the right to vote the shares of Restricted Stock awarded and outstanding under this Agreement on matters that require a shareholder vote.

             

            

          

    	

          	6.2	
            Any cash dividends or distributions declared with respect to shares of Restricted Stock awarded and outstanding under this Agreement will be distributed to the Participant at the time the underlying shares of
              Restricted Stock vest.

             

            

          

    	7.	
            Delivery of Shares.  Delivery of shares of Stock under this Restricted Stock Award will comply with all applicable laws (including, the requirements of the Securities Act),
              and the applicable requirements of any securities exchange or similar entity.

             

            

          

    	8.	
            Adjustment Provisions.  This Restricted Stock Award, including the number of shares subject to the Restricted Stock Award, will be adjusted upon the occurrence of the events
              specified in, and in accordance with the provisions of, Section 3.4 of the Plan.

          

    

    

    	9.	
            Effect of Termination of Service on Restricted Stock Award.

             

            

          

    	

          	9.1	
            Upon the Participant’s Termination of Service, this Restricted Stock Award will vest as follows:

             

            

          

    
      	
              (i)

            	
              Death.  In the event of the Participant’s Termination of Service by reason of death, any unvested shares of Restricted Stock subject to this Agreement
                will immediately vest.

               

              

            

    

    
      	
              (ii)

            	
              Disability.  In the event of the Participant’s Termination of Service by reason of Disability, any unvested shares of Restricted Stock subject to this
                Agreement will immediately vest.

               

              

            

    

    
      	
              (iii)

            	
              Retirement.  In the event of the Participant’s Termination of Service by reason of Retirement, any unvested shares of Restricted Stock subject to this Agreement will expire
                and be forfeited as of the date of the Termination of Service.

               

              

            

    

    
      	
              (iv)

            	
              Change in Control.  In the event of the Participant’s Involuntary Termination of Service at or following a Change in Control, any unvested shares of Restricted Stock
                subject to this Agreement will immediately vest.

               

              

            

    

    
      	
              (v)

            	
              Termination for Cause.  In the event of the Participant’s Termination of Service for Cause, any unvested
                shares of Restricted Stock subject to this Agreement will expire and be forfeited as of the date of the Termination of Service.

            

    

    
      2

      
        

    

    
      	

            	

            

    

    
      	
              (vi)

            	
              Other Termination. In the event of the Participant’s Termination of Service for any reason other than due to
                death, Disability or for Cause or an Involuntary Termination of Service at or following a Change in Control, any unvested shares of Restricted Stock subject to this Agreement will expire and be forfeited as of the date of the Termination of
                Service.

               

              

            

    

    	10.	
            Non-Solicitation Agreement.  [reserved]

             

            

          

    	11.	
            Agreement Regarding Confidential Information.  [reserved]

          

    

      	12.	
              Miscellaneous

            

    

    	

          	12.1	
            This Restricted Stock Award will confer upon the Participant any rights as a stockholder of the Company with respect to the shares underlying the Award prior to the date on which the individual fulfills all
              conditions for receipt of such rights.

             

            

          

    	

          	12.2	
            Except as otherwise provided for in the Plan, this Agreement may not be amended or otherwise modified unless evidenced in writing and signed by the Company and the Participant.

             

            

          

    	

          	12.3	
            This Restricted Stock Award is not transferable except as provided for in the Plan.

             

            

          

    	

          	12.4	
            This Restricted Stock Award will be governed by and construed in accordance with the laws of the State of Georgia.

             

            

          

    	

          	12.5	
            This Restricted Stock Award is subject to all laws, regulations and orders of any governmental authority which may be applicable thereto and, notwithstanding any of the provisions hereof, the Company will not be
              obligated to issue any shares of Stock hereunder if the issuance of the shares would constitute a violation of any such law, regulation or order or any provision thereof.

             

            

          

    	

          	12.6	
            Restricted Stock Awards under this Agreement are subject to any required federal, state and local tax withholding which may be effected in the manner or manners permitted by the Company.

             

            

          

    	

          	12.7	
            Nothing in this Agreement will interfere with or limit in any way the right of the Company or any Affiliate to terminate the employment or service of the Participant at any time, nor confer upon the Participant any
              right to continue in the employ or service of the Company or any Affiliate.

             

            

          

    	

          	12.8	
            In the event of a conflict between the terms of this Agreement and the Plan, the terms of the Plan will control.

             

            

          

    	

          	12.9	
            This Award Agreement shall be binding upon any successor of the Company, in accordance with the terms of this Agreement and the Plan.

             

            

          

    [Signature Page Follows]

    
      3

      
        

    

    

    

    IN WITNESS WHEREOF, the Company has caused this instrument to be executed in its name and on its behalf as of the date of grant of this Restricted Stock Award
      set forth above.

    AFFINITY BANCSHARES, INC.

    By:___________________________

    Its:___________________________  

    

    

    PARTICIPANT’S ACCEPTANCE

    The undersigned hereby accepts the foregoing Restricted Stock Award and agrees to the terms and conditions hereof, including the terms and provisions of the
      Plan. The undersigned hereby acknowledges receipt of a copy of the Plan and related prospectus.

    PARTICIPANT

     

    

     ______________________________

    

     

    

    

    

     

    

    

    

  

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