Document:

Exhibit 10.1

 

AMENDMENT TO

EMPLOYMENT AGREEMENT

 

This Amendment (this “Amendment”)
to the Employment Agreement, dated as of December 1, 2016 (the “Employment Agreement”), by and between Benchmark
Electronics, Inc., a Texas corporation (the “Company”), and Paul J. Tufano (“Employee”),
is entered into by the Company and Employee as of February 22, 2018. Capitalized terms used but not defined herein shall have the
meanings ascribed thereto in the Employment Agreement.

 

WHEREAS, Employee is currently employed
as the President and Chief Executive Officer of the Company pursuant to the Employment Agreement;

 

WHEREAS, the Company and Employee wish to
extend the term of Employee’s employment pursuant to the Employment Agreement in accordance with the terms and conditions
set forth herein; and

 

WHEREAS, this Amendment is intended to amend
the Employment Agreement in order to set forth the mutual understanding and agreement between the Company and Employee regarding
Employee’s continued employment following the date hereof.

 

NOW, THEREFORE, in consideration of the
premises and mutual covenants herein and for other good and valuable consideration, the parties agree as follows:

 

1.                 
The Company hereby offers to extend the term of the Employment Agreement as contemplated in Section 3 of the Employment
Agreement and Employee hereby accepts such offer. As a result, the “Employment Term” (as defined in the Employment
Agreement) is hereby extended until December 31, 2019.

 

2.                 
In addition to Employee’s duties described in Section 2 of the Employment Agreement, during the Employment Term (as
hereby extended), Employee shall provide reasonable support and assistance to the Board of Directors of the Company (the “Board”)
in connection with the Board’s search for, and transition of executive leadership to, a successor to the position of President
and Chief Executive Officer of the Company (such individual, the “Successor CEO”, and such search and transition,
collectively, the “CEO Transition”).

 

3.                 
Effective as of the earlier of (i) December 31, 2019 and (ii) the date on which the Successor CEO commences employment as
President and Chief Executive Officer of the Company (the “Transition Date”), Employee shall retire as a member
of the Board (and, in addition, as a director or officer of any subsidiary of the Company) and shall retire from Employee’s
position as President and Chief Executive Officer of the Company. Such retirement shall be automatic and without any further action
on Employee’s part, and Employee hereby agrees to execute any additional documentation with respect thereto reasonably requested
by the Company.

 

    	 

     

    

 

4.                 
(a) Notwithstanding the foregoing, in the event that the Transition Date occurs prior to December 31, 2019, Employee shall
continue active, full-time employment with the Company during the period following the Transition Date through December 31, 2019
(such period, the “Advisory Period”) in the position of a special advisor to the Board and to the Successor
CEO (“Special Advisor”) and, during the Advisory Period, Employee shall report to the Board and provide such
services as are reasonably requested by the Board or the Successor CEO from time to time; provided that, as Special Advisor,
Employee shall not have the authority to bind the Company in any respect and no employee of the Company shall report to Employee.
Employee and the Company acknowledge that Employee’s transition into the position of Special Advisor is not expected to constitute
a “separation from service” for purposes of Section 409A of the Internal Revenue Code of 1986, as amended. As
a Special Advisor, Employee shall be an “at will” employee, subject to the terms of the Employment Agreement as amended
hereby. Effective as of the expiration of the Advisory Period (if any), Employee’s employment as Special Advisor shall terminate,
and thereafter Employee shall have no further employment relationship with the Company.

 

(b)              
Employee’s termination of employment with the Company on December 31, 2019 (whether pursuant to Section 3 or
4(a) of this Amendment) shall be considered a voluntary resignation by Employee, and not a termination of employment without “Cause”
or for “Good Reason” within the meaning of the Employment Agreement; provided that such voluntary resignation
shall not result in a forfeiture of Employee’s opportunity to receive an annual bonus payment with respect to the Company’s
2019 fiscal year.

 

(c)              
Sections 6(c) and 6(d) of the Employment Agreement shall continue to govern in the event the Company’s terminates
Employee’s employment without Cause or Employee terminates his employment for Good Reason at any time prior to December 31, 2019;
provided that (i) clause (A) of the definition of “Good Reason” shall not apply during the Advisory Period
and (ii) commencing as of January 1, 2019, Section 6(c)(3) shall be removed in its entirety and replaced with the following:

 

“Except
as otherwise set forth in this Section 6(c)(3), subject to Employee satisfying the conditions in Section 6(f), (i) Employee
shall be entitled to a lump-sum cash payment in an amount equal to the remainder of Employee’s Base Salary through December 31, 2019,
payable in a lump-sum on the 60th day following the Termination Date, and (ii) Employee shall remain entitled to receive an
annual bonus under the Executive Bonus Plan with respect to the Company’s 2019 fiscal year, in an amount to be determined
by the Compensation Committee based on the performance metrics established by the Compensation Committee for such plan year, payable
when bonuses for such plan year are paid to other executives of the Company. Any equity-based incentive compensation awards held
by Employee as of the Termination Date shall be treated in accordance with their terms. Employee shall have no obligation of mitigation
or similar obligation with respect to such payments. Notwithstanding the foregoing, in the event that the Termination Date in respect
of Employee’s termination without Cause or termination for Good Reason (as defined below) occurs within the three months
immediately preceding or the 24 months immediately following a Change in Control (as defined below) and prior to the Transition
Date (as defined in the amendment to this Agreement dated February 22, 2018), then, in lieu of the amounts described in clauses
(i) and (ii) of this Section 6(c)(3) and subject to Employee satisfying the conditions of Section 6(f), Employee shall
be entitled to a lump-sum cash payment in an amount equal to three times the sum of (A) the Base Salary at the Termination
Date plus (B) the greater of (x) Employee’s target bonus under the Executive Bonus Plan in effect for the year in which the
Termination Date occurs and (y) the last annual cash bonus actually paid to Employee prior to the Termination Date, payable
in a lump-sum on the 60th day following the Termination Date.”

 

    	 

     

    

 

5.                 
(a) As soon as practicable following the date hereof, Employee shall be granted (i) time-based restricted stock units
(“RSUs”) under the Company’s 2010 Omnibus Incentive Compensation Plan (the “Plan”)
with an aggregate grant date value of $1,650,000 and (ii) performance-based restricted stock units (“PSUs”)
under the Plan with an aggregate grant date target value of $1,650,000. The RSUs described in this Section 5(a) shall vest in two
equal installments on December 31, 2018 and December 31, 2019, in each case subject to Employee’s continued employment as
described in this Amendment through the applicable vesting date, and the PSUs described in this Section 5(a) shall cliff vest
based on a two-year performance period ending December 31, 2019, subject to Employee’s continued employment as described
in this Amendment through December 31, 2019.

 

(b)              
On or around March 2019, Employee shall be granted (i) RSUs under the Plan with respect to the same number shares of
the Company’s common stock as the grant of RSUs described in Section 5(a)(i) above and (ii) PSUs under the Plan with
respect to the same number of shares of the Company’s common stock as the grant of PSUs described in Section 5(a)(ii)
above. The RSUs described in this Section 5(b) shall vest in two equal installments on December 31, 2019 and December 31,
2020, in each case subject to Employee’s continued employment as described in this Amendment through December 31, 2019, and
the PSUs described in this Section 5(b) shall cliff vest based on a two-year performance period ending December 31, 2020,
subject to Employee’s continued employment as described in this Amendment through December 31, 2019.

 

(c)              
In addition to the vesting and performance criteria described in Sections 5(a) and 5(b) above and any other terms and
conditions as may be set forth in the applicable award agreements, the RSUs and PSUs described in Sections 5(a) and 5(b) above
shall also be subject to Employee’s compliance with his obligations described in this Amendment (including, without limitation
and where applicable, Employee’s obligation to provide reasonable support and assistance to the Board in connection with
the CEO Transition, to provide such services as are reasonably requested by the Board or the Successor CEO from time to time during
any Advisory Period and to retire from Employee’s position as President and Chief Executive Officer (and as Special Advisor,
if applicable)). The RSUs and PSUs described in Sections 5(a) and 5(b) above shall also be subject to Employee’s compliance
with his obligations under Section 8 (Confidential Information) and Section 9 (Non-Competition, Non-Solicitation, Non-Disparagement)
of the Employment Agreement.

 

6.                 
All other terms and conditions of the Employment Agreement and all terms and conditions relating to Employee’s equity-based
incentive compensation awards outstanding as of the date hereof shall remain in full force and effect (including, without limitation,
Employee’s obligations under Section 8 (Confidentiality) and Section 9 (Non-Competition, Non-Solicitation, Non-Disparagement)
of the Employment Agreement).

 

    	 

     

    

 

7.                 
This Amendment may be executed in one or more counterparts, all of which shall be considered one and the same agreement,
and shall become effective when one or more counterparts have been signed by each of the parties and delivered, in person or by
facsimile, or by electronic image scan, receipt acknowledged, to the other party.

 

[Signature Page Follows]

 

    	 

     

    

 

IN WITNESS WHEREOF, the parties hereto
have duly executed this Amendment as of the day and year first above written.

 

 

 

	 	/s/ Paul J. Tufano
	 	Paul J. Tufano
	 	BENCHMARK ELECTRONICS, INC.
	 	By:	/s/ Victor L. Harris
	 	Name:	Victor L. Harris
	 	Title:	 SecretaryExhibit

Exhibit 4.43

GENESIS ENERGY, L.P., 
 
GENESIS ENERGY FINANCE CORPORATION  
 
and  
 
the Guarantors named herein  
 
 
53⁄4% SENIOR NOTES DUE 2021
THIRTEENTH SUPPLEMENTAL INDENTURE  
SUBSIDIARY GUARANTEE 
DATED AS OF JUNE 29, 2017 
U.S. BANK NATIONAL ASSOCIATION,  
 
Trustee 

Exhibit 4.43

This THIRTEENTH SUPPLEMENTAL INDENTURE, dated as of June 29, 2017 (this “Thirteenth Supplemental Indenture”), is among Genesis Energy, L.P., a Delaware limited partnership (the “Company”), Genesis Energy Finance Corporation, a Delaware corporation (“Finance Corp.” and, together with the Company, the “Issuers”), the Guarantors, the party identified under the caption “New Guarantor” on the signature pages hereto (the “New Guarantor”) and U.S. Bank National Association, a national banking association, as Trustee.
RECITALS
WHEREAS, the Issuers, the initial Guarantors and the Trustee entered into an Indenture, dated as of February 8, 2013, as supplemented by the First Supplemental Indenture, dated as of February 19, 2014, the Second Supplemental Indenture, dated as of May 7, 2014, the Third Supplemental Indenture, dated as of October 15, 2014, the Fourth Supplemental Indenture, dated as of December 17, 2014, the Fifth Supplemental Indenture, dated as of January 22, 2014, the Sixth Supplemental Indenture, dated as of February 19, 2015, the Seventh Supplemental Indenture, dated as of February 19, 2015, the Eighth Supplemental Indenture, dated as of June 26, 2015, the Ninth Supplemental Indenture, dated as of July 15, 2015, the Tenth Supplemental Indenture, dated as of September 22, 2015, the Eleventh Supplemental Indenture, dated as of December 11, 2015, and the Twelfth Supplemental Indenture, dated as of March 10, 2016 (as so supplemented, the “Indenture”), pursuant to which the Issuers have issued $350,000,000 in the aggregate principal amount of 53⁄4% Senior Notes due 2021 (the “Notes”);
WHEREAS, Section 9.01(7) of the Indenture provides that the Issuers, the Guarantors and the Trustee may amend or supplement the Indenture in order to comply with Section 4.13 or 10.03 thereof, without the consent of the Holders of the Notes; and 
WHEREAS, all acts and things necessary to make this Thirteenth Supplemental Indenture a valid and legally binding agreement according to its terms, and a valid and legally binding amendment of and supplement to, the Indenture, have been duly done and performed; 
NOW, THEREFORE, to comply with the provisions of the Indenture and in consideration of the above premises, the Issuers, the Guarantors, the New Guarantor and the Trustee covenant and agree for the equal and proportionate benefit of the respective Holders of the Notes as follows: 

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Exhibit 4.43

ARTICLE 1 
Section 1.01.  This Thirteenth Supplemental Indenture is supplemental to the Indenture and does and shall be deemed to form a part of, and shall be construed in connection with and as part of, the Indenture for any and all purposes.
Section 1.02.  This Thirteenth Supplemental Indenture shall become effective immediately upon its execution and delivery by each of the Issuers, the Guarantors, the New Guarantor and the Trustee.
ARTICLE 2 
From this date, in accordance with Section 4.13 or 10.03 of the Indenture and by executing this Thirteenth Supplemental Indenture, the New Guarantor shall be subject to the provisions of the Indenture to the extent provided for in Article 10 thereunder.  The New Guarantor hereby becomes a party to the Indenture as a Guarantor and as such will have all of the rights and be subject to all of the obligations and agreements of a Guarantor under the Indenture.  The New Guarantor agrees to be bound by all of the provisions of the Indenture applicable to a Guarantor and to perform all of the obligations and agreements of a Guarantor under the Indenture.
ARTICLE 3 
Section 3.01.  Except as specifically modified herein, the Indenture and the Notes are in all respects ratified and confirmed (mutatis mutandis) and shall remain in full force and effect in accordance with their terms with all capitalized terms used herein without definition having the same respective meanings ascribed to them as in the Indenture.
Section 3.02.  Except as otherwise expressly provided herein, no duties, responsibilities or liabilities are assumed, or shall be construed to be assumed, by the Trustee by reason of this Thirteenth Supplemental Indenture.  This Thirteenth Supplemental Indenture is executed and accepted by the Trustee subject to all the terms and conditions set forth in the Indenture with the same force and effect as if those terms and conditions were repeated at length herein and made applicable to the Trustee with respect hereto.
Section 3.03.  THIS THIRTEENTH SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

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Exhibit 4.43

Section 3.04.  The parties may sign any number of copies of this Thirteenth Supplemental Indenture.  Each signed copy shall be an original, but all of such executed copies together shall represent the same agreement.
[NEXT PAGE IS SIGNATURE PAGE]

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Exhibit 4.43

IN WITNESS WHEREOF, the parties hereto have caused this Thirteenth Supplemental Indenture to be duly executed, all as of the date first written above.
GENESIS ENERGY, L.P.
By:    Genesis Energy, LLC, 
    its general partner
By:    /s/ Robert V. Deere    
Robert V. Deere 
    Chief Financial Officer
GENESIS ENERGY FINANCE CORPORATION
By:    /s/ Robert V. Deere        
Robert V. Deere 
    Chief Financial Officer

GUARANTORS

GENESIS CO2 PIPELINE, L.P.
GENESIS CRUDE OIL, L.P.
GENESIS NATURAL GAS PIPELINES, L.P.
GENESIS PIPELINE TEXAS, L.P.
GENESIS PIPELINE USA, L.P.
GENESIS SYNGAS INVESTMENTS, L.P.

[Signature Page to Thirteenth Supplemental Indenture]

Exhibit 4.43

By:    GENESIS ENERGY, LLC, 
    its general partner
By:    /s/ Robert V. Deere    
Robert V. Deere 
    Chief Financial Officer

[Signature Page to Thirteenth Supplemental Indenture]

Exhibit 4.43

	
		
	GENESIS PIPELINE ALABAMA, LLC 
GENESIS DAVISON, LLC 
DAVISON PETROLEUM SUPPLY, LLC 
DAVISON TRANSPORTATION SERVICES, LLC 
RED RIVER TERMINALS, L.L.C. [LA] 
TEXAS CITY CRUDE OIL TERMINAL, LLC 
TDC, L.L.C. 
GENESIS NEJD HOLDINGS, LLC 
GENESIS FREE STATE HOLDINGS, LLC 
DAVISON TRANSPORTATION SERVICES, INC. 
TDC SERVICES, LLC 
GENESIS CHOPS I, LLC 
GENESIS CHOPS II, LLC
GEL CHOPS GP, LLC
GENESIS ENERGY, LLC
GENESIS MARINE, LLC 
MILAM SERVICES, INC.
GEL TEX MARKETING, LLC
GEL LOUISIANA FUELS, LLC
GEL WYOMING, LLC
GENESIS SEKCO, LLC
GEL SEKCO, LLC
GENESIS RAIL SERVICES, LLC 
GEL OFFSHORE PIPELINE, LLC
GENESIS OFFSHORE, LLC
GEL OFFSHORE, LLC
GENESIS ODYSSEY, LLC
GEL ODYSSEY, LLC
GENESIS POSEIDON, LLC
GEL POSEIDON, LLC
PRONGHORN RAIL SERVICES, LLC
GENESIS BR, LLC
BR PORT SERVICES, LLC
CASPER EXPRESS PIPELINE, LLC

	AP MARINE, LLC
TBP2, LLC
GEL PRCS, LLC
POWDER RIVER EXPRESS, LLC
POWDER RIVER OPERATING, LLC
GEL TEXAS PIPELINE, LLC
THUNDER BASIN HOLDINGS, LLC
THUNDER BASIN PIPELINE, LLC
ANTELOPE REFINING, LLC
POWDER RIVER CRUDE SERVICES, LLC
GENESIS OFFSHORE HOLDINGS, LLC
GENESIS SAILFISH HOLDINGS, LLC
GENESIS POSEIDON HOLDINGS, LLC
CAMERON HIGHWAY OIL PIPELINE COMPANY, LLC
CAMERON HIGHWAY PIPELINE GP, L.L.C. 
FLEXTREND DEVELOPMENT COMPANY, L.L.C. 
GEL DEEPWATER, LLC
GEL IHUB, LLC
GENESIS DEEPWATER HOLDINGS, LLC
GENESIS GTM OFFSHORE OPERATING COMPANY, LLC
GENESIS IHUB HOLDINGS, LLC 
GENESIS SMR HOLDINGS, LLC 
HIGH ISLAND OFFSHORE SYSTEM, L.L.C. 
MANTA RAY GATHERING COMPANY, L.L.C. 
MATAGORDA OFFSHORE, LLC 
POSEIDON PIPELINE COMPANY, L.L.C. 
SAILFISH PIPELINE COMPANY, L.L.C. 
SEAHAWK SHORELINE SYSTEM, LLC 
SOUTHEAST KEATHLEY CANYON PIPELINE COMPANY, L.L.C.
GENESIS TEXAS CITY TERMINAL, LLC
DEEPWATER GATEWAY, L.L.C.

	 
	By:   /s/ Robert V. Deere  
   Robert V. Deere
   Chief Financial Officer

[Signature Page to Thirteenth Supplemental Indenture]

Exhibit 4.43

GEL CHOPS I, L.P.
GEL CHOPS II, L.P.

By:    GEL CHOPS GP, LLC,
its general partner

By:    /s/ Robert V. Deere    
Robert V. Deere
Chief Financial Officer

CAMERON HIGHWAY PIPELINE I, L.P. 

		
	By:
	CAMERON HIGHWAY PIPELINE GP, L.L.C.,

its general partner

[Signature Page to Thirteenth Supplemental Indenture]

Exhibit 4.43

By:    /s/ Robert V. Deere    
Robert V. Deere
Chief Financial Officer

[Signature Page to Thirteenth Supplemental Indenture]

Exhibit 4.43

NEW GUARANTOR

GEL PIPELINE OFFSHORE, LLC

By:    /s/ Robert V. Deere    
Robert V. Deere
Chief Financial Officer

[Signature Page to Thirteenth Supplemental Indenture]

Exhibit 4.43

U.S. BANK NATIONAL ASSOCIATION, 
as Trustee

By: /s/ Steven A. Finklea        
Steven A. Finklea, CCTS 
    Vice President

[Signature Page to Thirteenth Supplemental Indenture]

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