Document:

QuickLinks
 -- Click here to rapidly navigate through this document

 
 

Exhibit 10.1    
    

 
 

Fifteenth Amendment to Employment Agreement    
    

        This Fifteenth Amendment to Employment Agreement is made and entered into as of February 24, 2004, by and between Robert Half International Inc.
(formerly Boothe Financial Corporation), a Delaware corporation, ("Corporation") and Harold M. Messmer, Jr. ("Officer"). 

        WHEREAS,
the Corporation and Mr. Messmer have entered into an Employment Agreement dated as of October 2, 1985, which has subsequently been amended (the "Employment
Agreement"). 

        WHEREAS,
Section 1 of the Employment Agreement provides that Mr. Messmer shall serve as Chairman of the Board of Directors, President and Chief Executive Officer of the
Corporation. 

        WHEREAS,
Mr. Messmer has recommended to the Board of Directors of the Corporation that, in light of recent changes in the structure and operation of the Corporation, it would be
desirable for the Corporation to establish an Office of the President consisting of one or more individuals. 

        WHEREAS,
Mr. Messmer has recommended to the Board of Directors that, in connection with the establishment of the Office of the President, he relinquish the President title but
remain Chairman of the Board of Directors and Chief Executive Officer. 

        WHEREAS,
the Board of Directors has accepted Mr. Messmer's recommendation. 

        WHEREAS,
the parties therefore wish to amend Section 1 of the Employment Agreement to delete the requirement that Mr. Messmer serve as President, but to make no other
changes therein. 

        NOW,
THEREFORE, the parties hereto agree as follows: 

        1.     Section 1
of the Employment Agreement is hereby amended to read in its entirety as follows: 

        "1.   Duties.    During the term of this Agreement, Officer agrees to be employed and to serve the Corporation as its
Chairman of the Board of Directors and Chief Executive Officer, and Corporation agrees to employ and retain Officer in such capacities. Officer shall devote such of his business time, energy, and
skill to the affairs of Corporation as shall be necessary to perform the duties of such positions. Officer shall report only to Corporation's Board of Directors and at all times during the term of
this Agreement shall have powers and duties at least commensurate with his position as Chairman of the Board and Chief Executive Officer of Corporation. Officer's principal place of business with
respect to his services to Corporation shall be within 60 miles of San Francisco, California." 

        2.     In
all other respects, the Employment Agreement is hereby ratified and confirmed and shall remain in full force and effect. 

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

	 	 	ROBERT HALF INTERNATIONAL INC.
	

 	
 	

By	
 	

/s/  M. KEITH WADDELL      

	 	 	 	 	M. Keith Waddell

Vice Chairman of the Board

President and

Chief Financial Officer
	

 	
 	

 	
 	

/s/  HAROLD M. MESSMER, JR.      

	 	 	 	 	Harold M. Messmer, Jr.

QuickLinks

Exhibit 10.1

Fifteenth Amendment to Employment AgreementExhibit 10.1  

         

 

 

 

FACILITY LEASE AGREEMENT

DATED AS OF JANUARY 1, 2004

BETWEEN

LA QUINTA PROPERTIES, INC.

AS LESSOR

AND

LQC LEASING, LLC

AS LESSEE  

        

 

 

 

 
TABLE OF CONTENTS  

	ARTICLE 1	 	LEASED PROPERTY; TERM; RENT	 	2
	 	1.1	 	    Leased Property	 	2
	 	1.2	 	    Term	 	2
	 	1.3	 	    Rent	 	2
	

ARTICLE 2	
 	
DEFINITIONS	
 	

2
	 	2.1	 	    Definitions	 	2
	

ARTICLE 3	
 	
ADDRESSES FOR NOTICE	
 	

4
	

ARTICLE 4	
 	
RECONCILIATION	
 	

4
	

ARTICLE 5	
 	
TERMINATION OF EXISTING LEASE	
 	

4

1

 
BASIC LEASE PROVISIONS  

        This FACILITY LEASE AGREEMENT is dated as of January 1, 2004, and is between LA QUINTA
PROPERTIES, INC., a Delaware corporation having its principal place of business at 909 Hidden Ridge, Suite 600, Irving, Texas 75038 ("Lessor"), and LQC LEASING, LLC, a Delaware limited
liability company (successor in interest to La Quinta Leasing Company f/k/a The La Quinta Company) having its principal office at 909 Hidden Ridge, Suite 600, Irving, Texas 75038 ("Lessee"). This
Facility Lease Agreement consists of these Basic Lease Provisions and the Exhibits hereto, including but not limited to the Detailed Lease Provisions (as defined below), which are incorporated herein
by reference (collectively, with this Facility Lease Agreement, the "Lease"). Certain capitalized terms used herein are defined in Article 2 herein. 

        NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: 

ARTICLE 1

 LEASED PROPERTY; TERM; RENT

        1.1   Leased Property. Upon and subject to the terms and conditions set forth herein and in the Detailed Lease Provisions, the
Lessor leases to Lessee and the Lessee rents and leases from the Lessor all of the Lessor's rights and interests in and to the Leased Property. 

        1.2   Term. The term of this Lease shall commence on the Commencement Date and end on the Lease Termination Date (the "Term");  provided, however, that this Lease may be sooner terminated as provided in the Detailed Lease
Provisions. 

        1.3   Rent. The Lessee will pay the Lessor rent for the Leased Property upon and subject to the terms and conditions set forth
in the Detailed Lease Provisions, including Article 3 thereof. 

ARTICLE 2

 DEFINITIONS

        1.4   Definitions. For all purposes of this Lease and the other Lease Documents (as defined in the Detailed Lease Provisions),
except as otherwise expressly provided or unless the context otherwise requires, the terms defined in this Article of the Basic Lease Provisions have the meanings assigned to them in this Article and
include the plural as well as the singular. 

        Base Rent:    Thirty-six percent (36%) of the Gross Revenues of the Facilities per Fiscal
Quarter. 

        Base Rent Commencement Date:    January 1, 2004 

        Commencement Date:    January 1, 2004 

        Current Management Agreement:    shall mean that certain Management Agreement effective as of
July 17, 1998 between Lessee (successor-in-interest to La Quinta Leasing Company, f/k/a The La Quinta Company) and Current Manager, as assigned to Lessee pursuant to
that certain Management Agreement Assignment and Assumption Agreement made as of December 17, 2001, as amended by that First Amendment dated as of January 1, 2003 between Lessee and
Current Manager and that Second Amendment dated as of July 15, 2003 between Lessee and Current Manager, and as may be further amended, modified or assigned. 

        Current Manager:    La Quinta Inns, Inc., a Delaware corporation. 

        Detailed Lease Provisions:    The provisions so labeled and attached hereto as  EXHIBIT
C. 

2

 

        Facility:    Each of the hotel facilities located on the Land described on  Exhibit A, together with the improvements, buildings, maintenance buildings and equipment, and other property used in connection therewith, as
may be modified pursuant to Section 28.16 of the Detailed Lease Provisions. 

        Key Executive Officers:    None. 

        Land:    The real property owned by Lessor and described in EXHIBIT
A attached hereto, as may be modified pursuant to Section 28.16 of the Detailed Lease Provisions, including any and all easements, rights and appurtenances of Lessor
pertaining to such real property and any right, title and interest of Lessor in and to any adjacent land and adjacent streets, alleys or rights-of-way, but excluding any Out
Parcels and other land excluded from the definition of "Leased Property" pursuant to Section 1.1 of the Detailed Lease Provisions. 

        Lease Termination Date:    The fourth anniversary of the Commencement Date. 

        Leased Property:    As defined in the Detailed Lease Provisions. 

        Lessor Permits:    The permits described in EXHIBIT B
attached hereto. 

        Permitted Encumbrances:    All of those valid and subsisting agreements, covenants, restrictions, Liens
and other encumbrances, to which this Lease is expressly subject, as same may appear of record as of the date hereof or which may hereafter be created in accordance with the terms hereof. 

        Primary Intended Use:    The use of the Facility as a hotel facility, and such ancillary uses as are
permitted by law and may be necessary in connection therewith or incidental thereto, or such other uses as otherwise reasonably approved by Lessor. 

        Principal Place of Business:    909 Hidden Ridge, Suite 600, Irving, Texas 75038. 

        Related Leases:    Leases entered into as of the date hereof between Lessee and those lessors listed on  Schedule 1 attached hereto and made a part hereof. 

        Term:    As defined in Section 1.2 of these Basic Lease Provisions. 

3

 

ARTICLE 3

 ADDRESSES FOR NOTICE

        The
following addresses are set forth as provided for by Article 23 of the Detailed Lease Provisions. 

	If to Lessee:	 	LQC Leasing, LLC

909 Hidden Ridge, Suite 600

Irving, Texas 75038

Attention: President
	

With copies to:	
 	

LQC Leasing, LLC

909 Hidden Ridge, Suite 600

Irving, Texas 75038

Attention: General Counsel
	

If to Lessor:	
 	

La Quinta Properties, Inc.

909 Hidden Ridge, Suite 600

Irving, Texas 75038

Attention: President
	

With copies to:	
 	

La Quinta Properties, Inc.

909 Hidden Ridge, Suite 600

Irving, Texas 75038

Attention: General Counsel

ARTICLE 4

 
 RECONCILIATION

        These
Basic Lease Provisions shall govern in the event of any inconsistency between these Basic Lease Provisions and any of the Exhibits attached hereto, including the Detailed Lease
Provisions, or any other document or instrument executed or delivered pursuant hereto or in connection herewith. 

ARTICLE 5

 
 TERMINATION OF EXISTING LEASE

        Lessor
and Lessee are parties to that Second Amended and Restated Facility Lease Agreement dated as of April 1, 2002 (as amended, the "Existing Lease"), by which Lessor leased to Lessee
some or all of the hotel facilities covered by this Lease. Lessor and Lessee hereby agree that the Existing Lease is terminated for all purposes effective as of December 31, 2003, as if such date had
been the scheduled expiration date of the Existing Lease. Lessor and Lessee agree that neither the execution of this Lease nor the termination of the Existing Lease shall waive, modify or affect the
rights of Lessor against Lessee, or the obligations of Lessee to Lessor, pursuant to that certain Rent Deferral Agreement dated as of January 30, 2002. 

4

 

        IN WITNESS WHEREOF, the parties have caused this Lease to be executed and attested by their respective officers thereunto duly authorized. 

	WITNESS:	 	LESSEE:
	

 	
 	

 	
 	

LQC LEASING, LLC, a Delaware limited liability company
	

/s/ SCOTT V. WILLIAMS
	
 	

By:	
 	

/s/ DAVID L. REA

	Name:	 	Scott V. Williams	 	Name:	 	David L. Rea
	 	 	 	 	Title:	 	Vice President
	
WITNESS:	
 	

LESSOR:
	

 	
 	

 	
 	

LA QUINTA PROPERTIES, INC., a Delaware corporation
	

/s/ GLENDA G. HALL
	
 	

By:	
 	

/s/ DAVID R. BRADTKE

	Name:	 	Glenda G. Hall	 	Name:	 	David R. Bradtke
	 	 	 	 	Title:	 	Vice President

5

 
Schedule to Exhibit 10.1  

        Pursuant to Item 6 of Form 10-Q and Item 601 of Regulation S-K, the following Facility Lease Agreements were also entered
into during the quarter and are substantially identical in all material respects except that in each case: (a) the Lessor to each agreement is a different party, (b) the property to
which the Lease pertains, including any legal encumbrances is different, and (c) the term of the Lease may be four, five or six years. The additional agreements entered into are as follows: 

	1.
	Two
Facility Lease Agreements, each dated as of January 1, 2004 between La Quinta Properties, Inc. as Lessor and LQC Leasing, LLC as Lessee

	2.
	Three
Facility Lease Agreements, each dated as of January 1, 2004 between La Quinta Texas Properties, L.P. as Lessor and LQC Leasing, LLC as Lessee

	3.
	Three
Facility Lease Agreements, each dated as of January 1, 2004 between La Quinta Development Partners, L.P. as Lessor and LQC Leasing, LLC as Lessee

	4.
	Facility
Lease Agreement, dated as of January 1, 2004 between LQM Operating Partners, L.P. as Lessor and LQC Leasing, LLC as Lessee

	5.
	Facility
Lease Agreement, dated as of January 1, 2004 between LQ Investments I as Lessor and LQC Leasing, LLC as Lessee

	6.
	Facility
Lease Agreement, dated as of January 1, 2004 between LQ Investments II as Lessor and LQC Leasing, LLC as Lessee

	7.
	Facility
Lease Agreement, dated as of January 1, 2004 between LQ-Baton Rouge Joint Venture as Lessor and LQC Leasing, LLC as Lessee

	8.
	Facility
Lease Agreement, dated as of January 1, 2004 between LQ-East Irvine Joint Venture as Lessor and LQC Leasing, LLC as Lessee 

6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00065-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00065-of-00352.parquet"}]]