Document:

Accepted Offer of Employment and Agreement

 Exhibit 10.1 
 November 7, 2006 
 Michael A. Tatoian

 5 Muirkirk Court 
 Lake Saint
Louis, MO 63367 
 Dear Mike: 
 I am pleased to convey an offer of employment to you. As you know, the position is Executive Vice President, Dover Motorsports, Inc. and the annual salary is $175,000, plus an annual performance bonus based upon established performance
objectives being achieved. This offer of employment also includes 2 weeks paid vacation, medical, pension and other benefits applicable to like employees as well as relocation based on the current Company policy. 
 Your position is located in Dover, Delaware and you will report directly to the Chief Executive Officer. 
 You will be expected to devote your full business time and best efforts to the performance of your duties and responsibilities for the Company and to abide by Company policies and procedures. You agree that some
restrictions on your activities are necessary to protect the goodwill and proprietary information and other legitimate interests of the Company. Accordingly, you will be required to execute the attached Agreement Respecting Employment. Our offer is
contingent upon your execution of this Agreement and the successful completion of a pre-employment physical examination. 
 We are confident that you will
make an outstanding contribution to the Company. Furthermore, we believe our offer represents an opportunity that will enhance your personal and professional objectives and will result in a mutually beneficial relationship. It is agreed, however,
that neither this offer of employment nor its acceptance alter the fact that your employment will be “at-will” terminable by either party at any time for any reason. We do ask, however, that you give at least two (2) weeks’
notice if you decide to terminate your employment with us. 
 We would expect you to commence work on or about January 1, 2007. Please advise if this
date is not convenient. 

 November 7, 2006 
 Page Two 
 Please signify your acceptance of
this offer of employment by signing and returning one copy of this letter and the attachment. In accepting this offer, you represent that you have not relied upon any agreements or representations, written or oral, express or implied, with respect
to your employment that are not expressly set forth in this letter. If you have any questions regarding the enclosed information or any part of this offer, please do not hesitate to call me at (302) 857-3200. 
 Sincerely, 
 Denis McGlynn 
 Chief Executive Officer 
  

							
	Accepted:	 	 /s/ Michael A. Tatoian
	 		 	Date: November 20, 2006
		 	Michael A. Tatoian	 		 	

 AGREEMENT RESPECTING EMPLOYMENT 
 THIS AGREEMENT entered into this 20th day of November, 2006, by and between Dover
Motorsports, Inc. (“Dover”), and Michael Tatoian (“You”), 
 WHEREAS, you are or will be employed by Company in a confidential
relationship wherein you will have access to Dover’s confidential and proprietary information and property; and 
 WHEREAS, the Company has agreed to
pay you certain compensation for services during your employment, 
 NOW, THEREFORE, it is agreed that: 
  

	1.	You agree to protect all of Dover’s Confidential Information as provided in this Agreement. Confidential Information shall include, but not be limited to, all material which is
marked “Confidential”, “Copyright”, “Trademark”, “TM”, “®”, or by any similar mark or words. In addition, whether or not so marked, Confidential Information shall include, but not be limited to,
all information that has not been made public concerning Dover’s business, including financial models and projections, customer and prospective customer names and lists, customer contracts, operational methods, organizational charts or other
information of possible use by a competitor, consultant or search firm; proposals, concepts, skills, techniques, program outlines, marketing plans and strategies; and shall include the physical embodiment of such information, including but not
limited to written, computer or video materials, audio-visual aids, customer lists, contracts, reports, formats, policies, manuals, memoranda and correspondence. References in this Agreement to Dover shall include all of its subsidiaries or
affiliates. 

  

	2.	You shall not use or disclose any of Dover’s Confidential Information without Dover’s prior written permission, except for publicly available information that, when you
received it, was generally well known to you and in Dover’s industry as evidenced by prior written materials or publications. 

  

	3.	You hereby irrevocably assign to the Company all right, title and interest in and to all Inventions created during the course or as a result of your employment by the Company.
“Inventions” shall mean all discoveries, processes, designs, methods, technologies, devices, improvements in any of the foregoing or other work of any nature or description, whether or not subject to patent protection, trade secret
protection or other appropriation by the Company and whether or not reduced to practice, that is made or conceived by you (whether solely or jointly with others) during the period of your employment with the Company which relate in any manner to the
actual or demonstrably anticipated business of the Company, or result from or are suggested by any task assigned to you or any work performed by you for or on behalf of the Company. 

  

	4.	You agree that you shall not disclose to the Company, its employees, officers or agents, any confidential or proprietary information that you may have acquired from your previous
employer(s). 

  

	5.	You recognize that in the highly competitive business in which the Company is engaged, personal contact is of primary importance in securing new customers and in retaining the
accounts and goodwill of present customers and protecting the business of the Company. Therefore, you agree that at all times during the term of your employment hereunder and for a period of one year after the termination of such employment,
howsoever brought about, you will not, within a 150-mile radius of any area in which duties have, within the last two years, been assigned to you by the Company act as principal, agent, partner or employee of any corporation, partnership,
association or other entity, engaged in the Company’s business. 

  

	6.	You further agree that for a period of one year after termination of your employment, you will not directly or indirectly: (i) attempt to contact, recruit or solicit any
customers of Dover; (ii) enter into any agreement with any party to recruit or solicit such customers; (iii) request any customers of Dover to curtail or cancel their business with Dover; (iv) to induce any employee of Dover to leave
Dover’s employment; (v) assist any other person or entity in requesting or inducing any such employee of Dover to join with you in any capacity, directly or indirectly; or (vi) disclose to anyone or publish or use any names of any
customers of Dover or any proprietary, secret or confidential information of Dover. 

	7.	You agree to hold in confidence and not use for your own or other’s benefit, all confidential business information received from third parties doing business with the Company.
You agree that if any one or more of the provisions contained in this Agreement shall, for any reason, be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect the other
provisions of this Agreement, and this Agreement shall be construed as if such invalid, illegal or unenforceable provision had never been contained herein. Moreover, if any one or more of the provisions contained in this Agreement shall for any
reason be held to be excessively broad as to duration, geographical scope, activity or subject, such provision shall be construed by limiting and reducing it as determined by a court of competent jurisdiction, so as to be enforceable to the extent
compatible with applicable law. 

  

	8.	You agree that you will not, without the written permission of the Company, use Confidential Information for any purpose other than in the ordinary course of your employment. You
represent that you have no obligations or commitments inconsistent with this Agreement, including but not limited to obligations or commitments to former employers. You agree to limit disclosure of Confidential Information only to those other
employees of the Company who reasonably require such information in the ordinary course of employment. You shall not disclose the Confidential Information to any third party and shall use all reasonable safeguards to prevent the unauthorized
disclosure of such Confidential Information. 

  

	9.	Upon termination of your employment with the Company, you agree to promptly return all materials containing Confidential Information including all extracts and copies thereof, to
the Company. 

  

	10.	You agree, as a condition to continued employment, to read, become familiar with and commit in writing to abide by various Company policies, as they may be amended from time to
time, many of which will be included in the Company’s Employee Handbook and its Code of Business Conduct. The Company also has a program that provides for a fair, timely, and cost-effective process for resolving employment disputes which may
require your involvement in mediation or binding arbitration. You agree that, as a condition to employment, that you will execute the Company’s Employment Disputes Resolution Agreement. 

  

	11.	This Agreement shall be construed and enforced in accordance with and governed by the internal laws of the State of Delaware, excluding the conflict of law principles thereof.
Federal and State Courts within Delaware shall be the sole venue for resolution of any disputes arising under this Agreement. 

  

	12.	This Agreement, including any term hereof may be amended or terminated only in writing by the parties hereto. 

  

	13.	This Agreement embodies the entire agreement and understanding between the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings
relating to the subject matter hereof. 

  

	14.	All of the terms of this Agreement shall be binding upon the respective successors and assigns of the parties hereto and shall inure to the benefit of and be enforceable by the
parties hereto and their respective successors and assigns. 

  

	15.	If any of the above provisions are violated, in whole or in part, the Company shall be entitled, upon application to any court of proper jurisdiction, to temporarily restrain and
enjoin you from such violation without prejudice to any other remedies the Company may have at law or equity, with permanent relief to be handled under the terms of the Employment Disputes Resolution Agreement. 

  

	16.	You recognize that your employment with the Company is strictly “at-will” terminable by either party at any time. 

  

									
		 		 		 	Company: Dover Motorsports, Inc.
					
	Employee:	 	 /s/ Michael A. Tatoian
	 		 	By:	 	 /s/ Denis McGlynn

	Date:	 	November 20, 2006	 		 	Date:	 	November 7, 2006Restricted Stock Agreement

 Exhibit 10.2 
 RESTRICTED STOCK AGREEMENT 
 AGREEMENT by and between KBR, Inc., a Delaware corporation (the
“Company”) and William P. Utt (“Employee”) made effective as of the date of the delivery of shares for closing of the initial public offering of the Company (the “Grant Date”). 
 1. Grant of Restricted Stock. 
 (a) Stock. Pursuant to the KBR, Inc. 2006 Stock and Incentive Plan (the “Plan”), Employee is hereby awarded 129,410 shares of the Company’s common stock (“Stock”), subject to the
conditions of the Plan and this Agreement (the “Restricted Stock”). 
 (b) Plan Incorporated. Employee
acknowledges receipt of a copy of the Plan, and agrees that this award of Restricted Stock shall be subject to all of the terms and conditions set forth in the Plan, including future amendments thereto, if any, pursuant to the terms thereof, which
Plan is incorporated herein by reference as a part of this Agreement. Except as defined herein, capitalized terms shall have the same meanings ascribed to them under the Plan. 
 2. Terms of Restricted Stock. Employee hereby accepts the Restricted Stock and agrees with respect thereto as follows: 
 (a) Forfeiture of Restricted Stock. In the event of termination of Employee’s employment with the Company or any employing
Subsidiary of the Company for any reason other than (i) normal retirement on or after age sixty-five, (ii) death or (iii) disability (disability being defined as being physically or mentally incapable of performing either the
Employee’s usual duties as an Employee or any other duties as an Employee that the Company reasonably makes available and such condition is likely to remain continuously and permanently, as determined by the Company or employing Subsidiary), or
except as otherwise provided in the last two sentences of subparagraph (c) of this Paragraph 2, Employee shall, for no consideration, forfeit all Restricted Stock to the extent then subject to the Forfeiture Restrictions (as defined below). The
obligation to forfeit and surrender Restricted Stock to the Company upon termination of employment and the prohibition against transfer in Paragraph 2(b) below are herein referred to as “Forfeiture Restrictions.” 
 (b) Assignment of Award. The Restricted Stock may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred,
encumbered or disposed of to the extent then subject to the Forfeiture Restrictions. 
 (c) Lapse of Forfeiture
Restrictions. The Forfeiture Restrictions shall lapse as to the Restricted Stock in accordance with the following schedule provided that Employee has been continuously employed by the Company or any of its Subsidiaries or by Halliburton Company
or any of its subsidiaries from the date of this Agreement through the applicable lapse date. 

				
	 Lapse Date
	  	 Percentage of Total Number
 of Restricted Stock
	 
	 1st Anniversary of Grant Date
	  	20	%
	 2nd Anniversary of Grant Date
	  	40	%
	 3rd Anniversary of Grant Date
	  	60	%
	 4th Anniversary of Grant Date
	  	80	%
	 5th Anniversary of Grant Date
	  	100	%

 Notwithstanding the foregoing, the Forfeiture Restrictions shall lapse as to all of the Restricted
Stock on the earlier of (i) the occurrence of a Corporate Change (as such term is defined in the Plan), or (ii) the date Employee’s employment with the Company is terminated by reason of death, disability (as determined above) or
normal retirement on or after age sixty-five. In the event Employee’s employment is terminated for any other reason, including retirement prior to age sixty-five with the approval of the Company or employing Subsidiary, the Committee which
administers the Plan (the “Committee”) or its delegate, as appropriate, may, in the Committee’s or such delegate’s sole discretion, approve the lapse of Forfeiture Restrictions as to any or all Restricted Stock still subject to
such restrictions, such lapse to be effective on the date of such approval or Employee’s termination date, if later. Notwithstanding anything in this Agreement to the contrary, if Employee becomes entitled to a payment pursuant to
Section 3.3 of that certain Executive Employment Agreement with KBR Technical Services, Inc. dated as of March 15, 2006, as the same may be amended or any similar provision of any successor agreement thereto, then in conjunction with such
payment the Company shall either (i) pay Employee a lump sum cash amount equal to the Fair Market Value of all shares of Restricted Stock that Employee forfeits under this Agreement on his termination of employment that results in payment
pursuant to said Section 3.3 or (ii) cause the Forfeiture Restrictions with respect to all shares of Restricted Stock hereunder to lapse on such termination of employment, whichever the Company chooses in its sole discretion. 

(d) Certificates. A certificate evidencing the Restricted Stock shall be issued by the Company in Employee’s name, or at
the option of the Company, in the name of a nominee of the Company, pursuant to which Employee shall have voting rights and shall be entitled to receive currently all dividends until the Restricted Stock are forfeited pursuant to the provisions of
this Agreement. The certificate shall bear a legend evidencing the nature of the Restricted Stock, and the Company may cause the certificate to be delivered upon issuance to the Secretary of the Company or to such other depository as may be
designated by the Company as a depository for safekeeping until the forfeiture occurs or the Forfeiture Restrictions lapse pursuant to the terms of the Plan and this Agreement. Upon request of the Committee or its delegate, Employee shall deliver to
the Company a stock power, endorsed in blank, relating to the Restricted Stock then subject to the Forfeiture Restrictions. Upon the lapse of the Forfeiture Restrictions without forfeiture, the Company shall cause a new certificate or certificates
to be issued without legend in the name of Employee for the shares upon which Forfeiture Restrictions lapsed. Notwithstanding any other provisions of this Agreement, the issuance or delivery of any shares of Stock (whether subject to restrictions or
unrestricted) may be postponed for such period as may be required to comply with applicable requirements of any national securities exchange or any 
  

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 requirements under any law or regulation applicable to the issuance or delivery of such shares. The
Company shall not be obligated to issue or deliver any shares of Stock if the issuance or delivery thereof shall constitute a violation of any provision of any law or of any regulation of any governmental authority or any national securities
exchange. 
 3. Withholding of Tax. The Committee may make such provisions as it may deem appropriate for the
withholding of any taxes which it determines is required in connection with this Award and unless otherwise approved by the Committee, the Company shall reduce the number of shares of Stock that would have otherwise been delivered to Employee by a
number of shares of Stock having a Fair Market Value equal to the amount required to be withheld. 
 4. Status of Stock.
Employee agrees that the Restricted Stock will not be sold or otherwise disposed of in any manner which would constitute a violation of any applicable federal or state securities laws. Employee also agrees (i) that the certificates representing
the Restricted Stock may bear such legend or legends as the Company deems appropriate in order to assure compliance with applicable securities laws, (ii) that the Company may refuse to register the transfer of the Restricted Stock on the stock
transfer records of the Company if such proposed transfer would be in the opinion of counsel satisfactory to the Company constitute a violation of any applicable securities law and (iii) that the Company may give related instructions to its
transfer agent, if any, to stop registration of the transfer of the Restricted Stock. 
 5. Employment Relationship. For
purposes of this Agreement, Employee shall be considered to be in the employment of the Company as long as Employee remains an employee of (i) the Company, a Parent Corporation or Subsidiary of the Company, (ii) Halliburton Company or any
subsidiary, or (iii) a corporation or a Parent Corporation or subsidiary of such corporation assuming or substituting a new award for this Award. Any question as to whether and when there has been a termination of such employment, and the cause
of such termination, shall be determined by the Committee, or its delegate, as appropriate, and its determination shall be final. 
 6.
Committee’s Powers. No provision contained in this Agreement shall in any way terminate, modify or alter, or be construed or interpreted as terminating, modifying or altering any of the powers, rights or authority vested in the
Committee or, to the extent delegated, in its delegate pursuant to the terms of the Plan or resolutions adopted in furtherance of the Plan, including, without limitation, the right to make certain determinations and elections with respect to the
Restricted Stock. 
 7. No Section 83(b) Election. Employee shall not make an election, under section 83(b) of the Code,
to include an amount in income in respect of the award of Restricted Shares under this Agreement. 
 8. Binding Effect. This
Agreement shall be binding upon and inure to the benefit of any successors to the Company and all persons lawfully claiming under Employee. 
 9. Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Texas. 
 10. Section 409A. Notwithstanding anything in this Agreement to the contrary, if any provision in this Agreement would result in the imposition of an applicable tax under Section 
  

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 409A of the Code and related regulations and United States Department of the Treasury pronouncements (“Section
409A”), that provision will be reformed to avoid imposition of the applicable tax and no action taken to comply with Section 409A shall be deemed to adversely affect the Employee’s rights under this Agreement. 
 IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed by an officer thereunto duly authorized, and Employee has executed this
Agreement, all as of the date first above written. 
  

			
	KBR, INC.
		
	By:	 	  

	
	 /s/ William P. Utt

	Employee

  

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