Document:

Amendment No. 1 to Employment Agreement, Jim Robison

 Exhibit 10.21 
 AMENDMENT NO. 1 
 TO 
 EMPLOYMENT AGREEMENT 
 This AMENDMENT NO. 1 (the “Amendment”) to the Employment Agreement, dated May 1, 1997 (the “Employment
Agreement”), by and between Walco International, Inc. (the “Company”) and Jim Robison (the “Executive”), is made as of June 30, 2005, by and among the Company and the Executive. Steer Parent Corporation, a Delaware
corporation (“Parent Corp.”), is a party to this Amendment solely for the purposes of Sections 6 and 7 of this Amendment. 
 WHEREAS, on May 26, 2005,
Parent Corp., Steer Intermediate Corporation, a Delaware corporation (“Intermediate Corp.”), Steer Acquisition Corporation, a Delaware corporation (“Acquisition Corp.”), Walco Holdings, Inc., a Delaware corporation
(“Walco”), the parent of the Company, and certain other parties signatory thereto entered into an Agreement and Plan of Merger (the “Merger Agreement”), pursuant to which Acquisition Corp. is to merge with and into Walco (the
“Merger”) with Walco surviving such Merger and becoming a wholly-owned subsidiary of Intermediate Corp.; and 
 WHEREAS, subject to the closing of the Merger,
the Company and the Executive desire to amend certain terms of the Employment Agreement as set forth herein. 
 NOW THEREFORE, for good and valuable consideration the
receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows. 
 1. All capitalized terms used but not defined herein shall have the
meanings ascribed thereto in the Employment Agreement. 
 2. Effective as of July 1, 2005, Section 4.1 of the Employment Agreement is hereby deleted and
replaced in its entirety by the following: 
 4.1 Base Salary. During the term hereof, the Company shall pay the Executive a base
salary at the rate of Three Hundred Fifty Thousand Dollars ($350,000) per annum, payable in accordance with the payroll practices of the Company for its executives and subject to increase from time to time by the Board, in its sole discretion. Such
base salary, as from time to time increased, is hereafter referred to as the “Base Salary”. 
 3. Section 4.3 of the Employment Agreement is hereby
deleted and replaced in its entirety by the following: 
 4.3 Restricted Stock. The Executive will be entitled to purchase shares
(the “Common Shares”) of the common stock, par value $0.01 per share (“Common Stock”), of Parent Corp. at fair market value representing 5.25% of the aggregate number of shares of capital stock of Parent Corp. outstanding on the
Closing Date. Shares of Common Stock 

 
issued to the Executive pursuant to this Section 4.3 will (i) vest (A) with respect to half of such shares, pro rata on an annual basis during the five
(5) year period immediately following the date of issue or (B) with respect to the other half of such shares, based on the achievement of certain performance objectives, in each case as set forth in the applicable restricted stock
agreement between Parent Corp. and the Executive, (ii) be subject to Parent Corp.’s 2005 Stock Option and Grant Plan and the terms of restricted stock issued thereunder and (iii) be subject to the terms of that certain Stockholders
Agreement, dated as of June 29, 2005, by and among Parent Corp. and the stockholders of Parent Corp. signatories thereto (the “Stockholders Agreement”). 
 4. Section 4.4 of the Employment Agreement is hereby deleted and replaced in its entirety by the following: 
 4.4
[Intentionally Omitted.] 
 5. Section 4.6 of the Employment Agreement is hereby deleted and replaced in its entirety by the following: 
 4.6 Automobile Allowance. During the term hereof, the Company shall either (i) pay the Executive an automobile allowance in the amount
of Five Hundred Dollars ($500) per month or (ii) provide the Executive with a Company-owned or leased vehicle in accordance with Company policy. 
 6.
Notwithstanding anything to the contrary contained in Section 4.10 of the Stockholders Agreement or Section 3 of the Restricted Stock Agreements to be entered into by and between Parent Corp. and the Executive on the date of the closing of
the Merger (the “RS Agreements”), upon the Executive no longer being employed by Walco or the Company for any reason: (a) if the Executive’s employment is terminated by Walco or the Company without Cause, the Executive terminates
his employment for Good Reason or the Executive’s employment terminates due to the death or disability of the Executive and Parent Corp. elects to repurchase any shares (the “Preferred Shares”) of Parent Corp.’s Series A
Preferred Stock, par value $0.01 per share, owned by the Executive or any Common Shares owned by the Executive, then Parent Corp. must repurchase all Preferred Shares and Common Shares owned by the Executive; (b) if the Executive’s
employment is terminated by Walco or the Company for Cause or the Executive terminates his employment without Good Reason, the per share purchase price for any repurchases of any Preferred Shares and/or Common Shares owned by the Executive by Parent
Corp. will be equal to the price paid by the Executive to Parent Corp. to purchase such Preferred Shares and Common Shares from Parent Corp., respectively; (c) if the Executive’s employment is terminated for any reason identified in
(a) above, the per share purchase price for any repurchases of any Preferred Shares or Common Shares owned by the Executive by Parent Corp. will be equal to the greater of (x) the price paid by the Executive to Parent Corp. to purchase
such Preferred Shares and Common Shares from Parent Corp., respectively, and (y) the fair market value of such Preferred Shares and Common Shares as determined pursuant to the Stockholders Agreement and RS Agreements, respectively, (d) in
the event that (i) the 

 
Executive’s employment is terminated by Walco or the Company without Cause or the Executive terminates his employment with Good Reason, (ii) Parent Corp. has
thereafter repurchased all of the Preferred Shares and Common Shares owned by the Executive pursuant to Section 4.10 of the Stockholders Agreement and Section 3 of the RS Agreements (a “Repurchase”), and (iii) within twelve
(12) months of such date of termination of employment a Sale Event (as defined in the Stockholders Agreement) is consummated, then the Executive will have the right to receive from Parent Corp. the difference, if any, between the aggregate
consideration the Executive would have received in such Sale Event for the Preferred Shares and Common Shares that were Vested Shares (as defined in the RS Agreements, respectively) as of the date of such termination so repurchased by Parent Corp.
minus the aggregate consideration the Executive actually received from Parent Corp. in the Repurchase for such Preferred Shares and Common Shares that were Vested Shares as of the date of such termination; and (e) if Parent Corp. elects
to repurchase any Preferred Shares or any Common Shares owned by the Executive, such repurchase must be within the time period specified in Section 4.10 of the Stockholders Agreement; provided, however, with respect to clauses
(b) and (c) above, if any of the Common Shares are Restricted Shares (as defined in the RS Agreements), the per share purchase price for such Common Shares shall be the price paid by the Executive to Parent Corp. to purchase such Common
Shares from Parent Corp. 
 7. If, during the twelve (12) months immediately following the date hereof, the Executive’s employment is terminated by Walco or
the Company without Cause or the Executive terminates his employment for Good Reason, the Executive may elect to have repurchased all of the Preferred Shares held by the Executive on the date of such termination. Any such election must be made by
written notice (the “Put Notice”) to Parent Corp. within fifteen (15) days of the date the Executive’s employment is so terminated. The per share purchase price for any repurchases of any Preferred Shares owned by the Executive
by Parent Corp. pursuant to this Section 7 will be equal to the price paid by the Executive to Parent Corp. to purchase such Preferred Shares from Parent Corp. (the “Put Price”). Subject to the receipt by Parent Corp. of all
certificates representing the Preferred Shares to be repurchased pursuant to this Section 7, duly endorsed for transfer and free and clear of any liens and encumbrances, Parent Corp. shall, within fifteen (15) days of its receipt of the
Put Notice, pay to the Executive in cash the aggregate Put Price; provided, however, that in no event shall Parent Corp. or any of its affiliates be required to make any payment pursuant to this Section 7 until such time as such
payment is permitted under all agreements related to indebtedness for borrowed money to which Parent Corp. or any of its Subsidiaries is a party. 
 8. Legal
Expenses. The Company agrees to reimburse the Executive, Greg Eveland and William Lacey for the reasonable expenses of one attorney to negotiate the terms of this Amendment, the amendments to the employment agreements of Mr. Eveland and
Mr. Lacey, the Stockholders Agreement and the RS Agreements of the Executive, Mr. Eveland and Mr. Lacey, not to exceed $5,000 in the aggregate. 
 9.
Effectiveness. This Amendment shall become effective as of the date of the closing of the Merger (the “Closing Date”). This Amendment shall terminate, and cease to have any force or effect, in the event that the Merger Agreement is
terminated pursuant to Section 10 of the Merger Agreement on or before the Closing Date. Except as set forth in this Amendment, 

 
all terms and provisions of the Employment Agreement, including Sections 7, 8 and 9 thereof, shall survive the Merger and shall remain in full force and effect in
accordance with the terms thereof. 
 10. Governing Law. This Amendment shall be construed and enforced in accordance with the laws of the State of Texas.

 11. Counterparts. This Amendment may be executed in any number of counterparts, each of which shall be deemed an original, but all of which shall constitute
one and the same instrument. 
 [SIGNATURE PAGES FOLLOW.] 

 IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first written above. 
  

			
	 WALCO INTERNATIONAL, INC.

		
	By:	 	 /s/ William F. Lacey

	 Name:
	 	 William F. Lacey

	 Title:
	 	 Chief Financial Officer

	
	 /s/ Jim Robison

	 Jim Robison

	
	 STEER PARENT CORPORATION,
 solely for the purposes of Sections 6 and 7 hereof

		
	By:	 	 /s/ Mark Rosen

	 Name:
	 	
	 Title:Employment Agreement, Greg Eveland

 Exhibit 10.22 
 EMPLOYMENT AGREEMENT 
 AGREEMENT made and entered into by and between Walco International, Inc. (the
“Company”) and Greg Eveland (the “Executive”), effective as of the 1st day of September, 1997. 
 WHEREAS, the Executive
is possessed of certain experience and expertise that qualify him to serve as general manager of the Company’s professional veterinary services division and to provide other services required by the Company and its Affiliates; and 

WHEREAS, subject to the terms and conditions hereinafter set forth, the Company therefore wishes to employ the Executive as its Vice President /
General Manager—Professional Veterinary Services Division and the Executive wishes to accept such employment; 
 NOW, THEREFORE, in
consideration of the foregoing premises and the mutual promises, terms, provisions and conditions set forth in this Agreement, the parties hereby agree: 
 1. Employment. Subject to the terms and conditions set forth in this Agreement, the Company hereby offers and the Executive hereby accepts employment. 
 2. Term. The term of this Agreement shall commence on the effective date hereof and shall continue from month to month thereafter,
subject to termination pursuant to Section 5 hereof. 
 3. Capacity and Performance. 
 3.1 During the term hereof, the Executive shall serve the Company as its Vice President / General Manager—Professional Veterinary
Services Division. In addition, and without further compensation, the Executive shall serve as a director and/or officer of one or more of the Company’s Affiliates if so elected or appointed from time to time. 
 3.2 During the term hereof, the Executive shall be employed by the Company on a full-time basis and shall perform such duties as are
intrinsic to his position and such other duties and responsibilities on behalf of the Company and its Affiliates as may reasonably be designated from time to time by the Chief Executive Officer of the Company (the “CEO”) or by his
designee. 
 3.3 During the term hereof, the Executive shall devote his full business time and his best efforts, business
judgment, skill and knowledge exclusively to the 

 
advancement of the business and interests of the Company and its Affiliates and to the discharge of his duties and responsibilities hereunder. 
 4. Compensation and Benefits. As compensation for all services performed by the Executive under and during the term hereof and
subject to performance of the Executive’s duties and of the obligations of the Executive to the Company and its Affiliates, pursuant to this Agreement or otherwise: 
 4.1 Base Salary. During the term hereof, the Company shall pay the Executive a base salary at the rate of One Hundred and Thirty
Thousand Dollars ($130,000) per annum (increasing to $150,000 per annum effective on the date, if any, when the Executive relocates his primary residence to the vicinity of the corporate office in Grapevine, Texas), payable in accordance with the
payroll practices of the Company for its executives and subject to increase from time to time by the Company, in its sole discretion. Such base salary, as from time to time increased, is hereafter referred to as the “Base Salary”.

 4.2 Bonus Compensation. The Executive shall be eligible each fiscal year during the term hereof to earn bonus
compensation of up to a maximum of One Hundred Thousand Dollars ($100,000), based on his achievement of performance objectives established annually by the CEO. The bonus compensation described in this Section 4.2 is hereafter referred to as the
“Bonus.” 
 4.3 Stock Options. The Executive will be issued options to purchase Class A Common Stock
representing 0.75% of the aggregate number of shares of common stock of Walco Holdings, Inc. outstanding on the effective date of this Agreement. Options issued to the Executive pursuant to this Section 4.3 will (i) vest pro rata on a
monthly basis during the sixty (60) month period immediately following the date of issue and (ii) be subject to the Company’s 1997 Stock Option Plan and the terms of options issued thereunder. 
 4.4 Purchased Equity. The Executive will be given the opportunity upon the execution of this Agreement to purchase from affiliates
of Bain Capital, Inc., pursuant to a stock purchase agreement the form and substance of which are acceptable to such affiliates, Class A Common Stock and Class L Common Stock representing up to 0.25% of the aggregate number of shares of
Class A and Class L common stock of Walco Holdings, Inc. outstanding on the effective date of this Agreement. Stock purchased pursuant to this Section 4.4 shall be purchased at the same price and in the same ratio of Class A Common
Stock to Class L Common Stock as applied to the “Employee Stockholders” (as such term is defined in the Stockholders Agreement dated March 3, 1997 among the Company, Walco Acquisition, Inc. and the parties listed on Schedule 1 thereto
(the “Stockholders Agreement”). The Executive must purchase Common Stock pursuant to this Section 4.4, if at all, by December 31, 1997. 
 All shares purchased by the Executive pursuant to this Section 4.4, and all shares issued upon the exercise of options issued pursuant to Section 4.3, shall be, and shall be 

 
treated as, Management Shares as defined in, and under the terms of, the Stockholders Agreement as if such shares were originally issued and sold by the
Company to the Executive. 
 4.5 Vacations. During the term hereof, the Executive shall be entitled to three
(3) weeks of vacation per annum, to be taken at such times and intervals as shall be determined by the Executive, subject to the reasonable business needs of the Company. 
 4.6 Automobile Allowance. During the term hereof, the Company shall pay the Executive an automobile allowance in the amount of Five
Hundred Dollars ($500) per month. If so agreed by the Chief Executive Officer and the Executive, the Executive may be furnished a Company-owned vehicle in lieu of such monthly automobile allowance. 
 4.7 Supplemental Executive Life Insurance and Long-Term Disability Insurance. During the term hereof, the Company shall pay the
premium cost of (a) a life insurance policy for the Executive in a face amount such that the total face amount of life insurance provided the Executive under this Section 4.7 and Section 4.8 equals two (2) times the Base Salary
and (b) a long-term disability insurance policy covering the Executive, provided in each case that the Executive is insurable at normal rates. 
 4.8 Other Benefits. During the term hereof and subject to any contribution therefor generally required of employees of the Company, the Executive shall be entitled to participate in any and all employee benefit
plans from time to time in effect for employees of the Company generally, excluding only any severance pay plan. Such participation shall be subject to (i) the terms of the applicable plan documents, (ii) generally applicable Company
policies and (iii) the discretion of the Board or any administrative or other committee provided for in or contemplated by such plan. 
 4.9 Business Expenses. The Company shall pay or reimburse the Executive for all reasonable and customary business expenses incurred or paid by the Executive in the performance of his duties and responsibilities
hereunder, subject to any maximum annual limit and other restrictions on such expenses set by the Board and to such reasonable substantiation and documentation as may be specified by the Company from time to time. The Company shall reimburse the
Executive’s reasonable and necessary relocation expenses, subject to the Company’s policies and practices with respect to such expenses and to such reasonable substantiation and documentation as may be specified by the Company. 

 

 -3- 

 5. Termination of Employment and Severance Benefits. Notwithstanding the
provisions of Section 2 hereof, the Executive’s employment hereunder shall terminate prior to the expiration of the term under the following circumstances: 
 5.1 Death. In the event of the Executive’s death during the term hereof, the Executive’s employment hereunder shall
immediately and automatically terminate. In that event, the Company shall pay to the Executive’s designated beneficiary or, if no beneficiary has been designated by the Executive, to his estate, any earned and unpaid Base Salary and any Bonus
earned but unpaid, pro-rated through the date of his death, plus twelve (12) months’ Base Salary. 
 5.2
Disability. 
 5.2.1. The Company may terminate the Executive’s employment hereunder, upon notice to the
Executive, in the event that the Executive becomes disabled during his employment hereunder through any illness, injury, accident or condition of either a physical or psychological nature and, as a result, is unable to perform substantially all of
his duties and responsibilities hereunder for one hundred and fifty (150) days during any period of three hundred and sixty-five (365) consecutive calendar days. 
 5.2.2. The Board may designate another employee to act in the Executive’s place during any period of the Executive’s
disability. Notwithstanding any such designation, the Executive shall continue to receive the Base Salary in accordance with Section 4.1, the automobile allowance in accordance with Section 4.6 and benefits in accordance with Sections 4.7
and 4.8 to the extent permitted by the then-current terms of the applicable benefit plans, until the Executive becomes eligible for disability income benefits under the Company’s disability income plan or until the termination of his
employment, whichever shall first occur. 
 5.2.3. While receiving disability income payments under the Company’s
disability income plan, the Executive shall not be entitled to receive any Base Salary under Section 4.1 hereof, but shall continue to receive the automobile allowance in accordance with Section 4.6 and benefits in accordance with Sections
4.7 and 4.8 to the extent permitted by the then-current terms of the applicable benefit plans, until the termination of his employment. 
 5.2.4. If any question shall arise as to whether during any period the Executive is disabled through any illness, injury, accident or condition of either a physical or psychological nature so as to be unable to
perform substantially all of his duties and responsibilities hereunder, the Executive may, and at the request of the Company shall, submit to a medical examination by a physician selected by the Company to whom the Executive or his duly appointed
guardian, if any, has no reasonable objection to determine whether the Executive is so disabled and such determination shall for the purposes of this Agreement be conclusive of the issue. If such question shall arise and the Executive shall fail to
submit to such medical examination, the Company’s determination of the issue shall be binding on the Executive. 
  

 -4- 

 5.3 By the Company for Cause. The Company may terminate the Executive’s
employment hereunder for Cause at any time upon notice to the Executive setting forth in reasonable detail the nature of such Cause. The following, as determined by the CEO in his reasonable judgment, shall constitute Cause for termination:
(i) the Executive’s refusal or failure to perform (other than by reason of disability), or material negligence in the performance of, his duties and responsibilities to the Company or any of its Affiliates or his refusal or failure to
follow or carry out any reasonable direction of the Board; (ii) material breach by the Executive of any provision of this Agreement or any other agreement between the Executive and the Company or any of its Affiliates; (iii) the commission
of fraud, embezzlement, theft or other dishonesty by the Executive with respect to the Company or any of its Affiliates; (iv) the Executive’s conviction or plea of nolo contendere to any felony or any other crime involving dishonesty or
moral turpitude; or (v) any conduct that involves a breach of fiduciary obligation on the part of the Executive or otherwise could reasonably be expected to have a material adverse effect upon the business, interests or reputation of the
Company or any of its Affiliates. Upon the giving of notice of termination of the Executive’s employment hereunder for Cause, the Company shall have no further obligation or liability to the Executive, other than for Base Salary earned and
unpaid at the date of termination. 
 5.4 By the Company Other than for Cause. The Company may terminate the
Executive’s employment hereunder other than for Cause at any time upon notice to the Executive. In the event of such termination, the Company shall continue to pay the Executive the Base Salary, at the rate in effect on the date of termination,
and the automobile allowance at the rate provided in Section 4.6 and shall continue to pay the premium cost of the life and long term disability insurance provided under Section 4.7 hereof, for a period of twelve (12) months from said
date (the “Severance Pay Period”) and, subject to any employee contribution applicable to active employees generally, shall continue to contribute to the premium cost of the Executive’s participation in the Company’s group
medical and dental plans during the Severance Pay Period, provided that the Executive is entitled to continue such participation under applicable law and plan terms. The obligations of the Company to Executive hereunder, however, are conditioned
upon the Executive’s signing a release of claims in a form satisfactory to the Company within twenty-one (21) days of the date he receives notice of termination of his employment or the date he receives said release of claims, whichever is
later, and upon his not revoking the release of claims thereafter. All payments under this Section 5.4 will be in the form of salary continuation, payable in accordance with the normal payroll practices of the Company, and will begin at the
Company’s next regular payroll period following the effective date of the release of claims, but shall be retroactive to the date of termination. 
 5.5 Resignation by the Executive for Good Reason. The Executive may resign his employment hereunder for Good Reason, upon notice to the Company setting forth 

  

 -5- 

 
in reasonable detail the nature of such Good Reason. The following shall constitute Good Reason for termination by the Executive: (i) willful failure of
the Company to provide the Executive the Base Salary and benefits in accordance with the terms of Section 4 hereof other than, in the case of a material reduction in Base Salary or benefits, any such reduction which is part of a general
reduction or other concessionary arrangement affecting all employees or affecting that group of employees of which the Executive is a member or (ii) a material diminution in the nature or scope of the Executive’s powers, duties or
responsibilities without the Executive’s prior consent; provided, however, that any diminution of the business of the Company or any of its Affiliates, including without limitation the sale or transfer of any or all of the assets of the Company
or any of its Affiliates, shall not constitute “Good Reason”. In the event of termination in accordance with this Section 5.5, then, for a period of twelve (12) months from the date of termination of the Executive’s
employment, the Company shall continue to pay the Executive the Base Salary at the rate in effect on the date of termination and the automobile allowance, at the rate provided in Section 4.6, shall continue to pay the premium cost of the life
and long term disability insurance provided under Section 4.7 hereof and, subject to any employee contribution applicable to active employees generally, shall continue to contribute to the premium cost of the Executive’s participation in
the Company’s group medical and dental plans, provided that the Executive is entitled to continue such participation under applicable law and plan terms. The obligations of the Company to Executive hereunder, however, are conditioned upon the
Executive’s signing a release of claims in a form satisfactory to the Company within twenty-one (21) days of the date he gives notice of termination of his employment or the date he receives a copy of the release of claims, whichever is
later, and upon his not revoking the release of claims thereafter. All severance payments under this Section 5.5 will be in the form of salary continuation, payable in accordance with the normal payroll practices of the Company, and will begin
at the Company’s next regular payroll period following the effective date of the release of claims, but shall be retroactive to the date of termination. 
 5.6 Resignation by the Executive Other than for Good Reason. The Executive may resign his employment hereunder at any time upon ten
(10) days’ notice to the Company. In the event of termination of the Executive pursuant to this Section 5.6, the Board may elect to waive the period of notice, or any portion thereof, and, if the Board so elects, the Company will pay
the Executive the Base Salary for the notice period (or for any remaining portion of the period). 
 6. Effect of
Termination. The provisions of this Section 6 shall apply to termination, whether pursuant to Section 5 or otherwise. 
 6.1 Payment by the Company of any Base Salary, automobile allowance and contributions to the cost of the Executive’s continued participation in the Company’s group health and dental plans and in the life and long-term disability
insurance provided under Section 4.7 hereof that are due the Executive in accordance with the applicable termination provision of Section 5 shall constitute the entire obligation of the Company to the 

  

 -6- 

 
Executive. Notwithstanding anything to the contrary contained in this Agreement, the Company’s obligation to continue premium payments on the
Executive’s behalf for life and long-term disability insurance under Section 5.4 and 5.5 hereunder is expressly conditioned on (i) the availability of such insurance to Executive after termination of his employment and at
approximately the same premium cost as obtained immediately prior to such termination and (ii) the parties’ agreement that the Executive’s rights to coverage and benefits under such insurance are subject to the terms of the applicable
policy or plan of insurance and that the Company shall not be responsibility for payment of benefits under any such insurance. The Executive shall promptly give the Company notice of all facts necessary for the Company to determine the duration of
its obligation to contribute the cost of the Executive’s health and dental coverage in connection with any termination pursuant to Section 5.4 hereof. 
 6.2 Except for medical and dental coverage continued pursuant to Section 5.4 or 5.5 hereof, benefits shall terminate pursuant to the
terms of the applicable benefit plans and applicable law based on the date of termination of the Executive’s employment without regard to any continuation of Base Salary or other payment to the Executive following such date of termination.

 6.3 Provisions of this Agreement shall survive termination if so provided herein or if necessary or desirable to accomplish
the purposes of other surviving provisions, including without limitation the obligations of the Executive under Sections 7, 8 and 9 hereof. The obligation of the Company to make payments to or on behalf of the Executive under Section 5.4, 5.5
or 5.6 hereof is expressly conditioned upon the Executive’s continued full performance of obligations under Sections 7, 8 and 9 hereof. The Executive recognizes that, except as expressly provided in Section 5.4, 5.5 or 5.6, no compensation
is earned after termination of employment. 
 7. Confidential Information. 
 7.1 The Executive acknowledges that the Company and its Affiliates continually develop Confidential Information, that the Executive may
develop Confidential Information for the Company or its Affiliates and that the Executive may learn of Confidential Information during the course of employment. The Executive will comply with the policies and procedures of the Company and its
Affiliates for protecting Confidential Information and shall never disclose to any Person or to any governmental agency or political subdivision of any government (except as required by applicable law or for the proper performance of his duties and
responsibilities to the Company and its Affiliates), or use for his own benefit or gain, any Confidential Information obtained by the Executive incident to his employment or other association with the Company or any of its Affiliates. The Executive
understands that this restriction shall continue to apply after his employment terminates, regardless of the reason for such termination. 
  

 -7- 

 7.2 All documents, records, tapes and other media of every kind and description relating
to the business, present or otherwise, of the Company or its Affiliates and any copies, in whole or in part, thereof (the “Documents”), whether or not prepared by the Executive, shall be the sole and exclusive property of the Company and
its Affiliates. The Executive shall safeguard all Documents and shall surrender to the Company at the time his employment terminates, or at such earlier time or times as the Board or its designee may specify, all Documents then in the
Executive’s possession or control. 
 8. Assignment of Rights to Intellectual Property. The Executive shall
promptly and fully disclose all Intellectual Property to the Company. The Executive hereby assigns and agrees to assign to the Company (or as otherwise directed by the Company) the Executive’s full right, title and interest in and to all
Intellectual Property. The Executive agrees to execute any and all applications for domestic and foreign patents, copyrights or other proprietary rights and to do such other acts (including without limitation the execution and delivery of
instruments of further assurance or confirmation) requested by the Company to assign the Intellectual Property to the Company and to permit the Company to enforce any patents, copyrights or other proprietary rights to the Intellectual Property. The
Executive will not charge the Company for time spent in complying with these obligations. All copyrightable works that the Executive creates shall be considered “work made for hire”. The Executive’s obligation to assign his rights to
Intellectual Property under this Section 8 shall not apply to any invention (i) that the Executive develops on his own time, without using the Company’s equipment, supplies, facilities or trade secret information, unless such
invention relates at the time of conception or reduction to practice of the invention to the Company’s business or to the actual or demonstrably anticipated research or development of the Company or results from any work performed by the
Executive for the Company or (ii) that, under applicable law, the Executive may not be required to assign to the Company. 
 9. Restricted Activities. The Executive agrees that the following restrictions on his activities during and after his employment are necessary to protect the goodwill, Confidential Information and other legitimate interests of the
Company and its Affiliates: 
 9.1 While the Executive is employed by the Company and for a period of one year after his
employment terminates (the “Non-Competition Period”), the Executive shall not, directly or indirectly, whether as owner, partner, investor, consultant, agent, employee, co-venturer or otherwise, compete with the Company or any of its
Affiliates within the United States (or within any county of any of the states thereof), Mexico, Canada or Brazil. Specifically, but without limiting the foregoing, the Executive agrees not to engage in any manner in any activity that is directly or
indirectly competitive or potentially competitive with the business of the Company or any of its Affiliates as conducted or under consideration at any time during the Executive’s employment. Restricted activity includes without limitation
accepting employment or a consulting position with any Person who is, or at any time within twelve (12) months prior to termination of the Executive’s employment has been, a customer 

  

 -8- 

 
or supplier of the Company or any of its Affiliates. For the purposes of this Section 9, the business of the Company and its Affiliates shall include
all of the Products and the Executive’s undertaking shall encompass all items, products and services that may be used in substitution for Products. 
 9.2 The Executive agrees that, during his employment with the Company, he will not undertake any outside activity, whether or not competitive with the business of the Company or its Affiliates, that could reasonably
give rise to a conflict of interest or otherwise interfere with his duties and obligations to the Company or any of its Affiliates. 
 9.3 The Executive further agrees that while he is employed by the Company and for a period of two years thereafter, the Executive will not hire or attempt to hire any employee of the Company or any of its Affiliates, assist in such hiring
by any Person, encourage any such employee to terminate his or her relationship with the Company or any of its Affiliates, or solicit or encourage any customer, supplier, licensee, franchiser or other entity with a business relationship to the
Company or any of its Affiliates to terminate or diminish its relationship with them or, except in the case of a supplier, to conduct with any Person any business or activity which is conducted or could be conducted with the Company or any of its
Affiliates. 
 10. Enforcement of Covenants. The Executive acknowledges that he has carefully read and considered all
the terms and conditions of this Agreement, including the restraints imposed upon him pursuant to Sections 7, 8 and, 9 hereof. The Executive agrees that said restraints are necessary for the reasonable and proper protection of the Company and its
Affiliates and that each and every one of the restraints is reasonable in respect to subject matter, length of time and geographic area. The Executive further acknowledges that, were he to breach any of the covenants contained in Sections 7, 8 and
9, the damage to the Company would be irreparable. The Executive therefore agrees that the Company, in addition to any other remedies available to it, shall be entitled to preliminary and permanent injunctive relief against any breach or threatened
breach by the Executive of any of said covenants, without having to post bond. The parties further agree that, in the event that any provision of Section 7, 8 or 9 hereof shall be determined by any court of competent jurisdiction to be
unenforceable by reason of its being extended over too great a time, too large a geographic area or too great a range of activities, such provision shall be deemed to be modified to permit its enforcement to the maximum extent permitted by law.

 11. Conflicting Agreements. The Executive hereby represents and warrants that the execution of this Agreement and
the performance of his obligations hereunder will not breach or be in conflict with any other agreement to which the Executive is a party or is bound and that the Executive is not now subject to any covenants against competition or similar covenants
that would affect the performance of his obligations hereunder. The Executive will 

  

 -9- 

 
not disclose to or use on behalf of the Company any proprietary information of a third party without such party’s consent. 
 12. Indemnification. The Company shall indemnify the Executive to the extent provided in its then current Articles or By-Laws. The
Executive agrees to promptly notify the Company of any actual or threatened claim arising out of or as a result of his employment with the Company. 
 13. Definitions. Words or phrases which are initially capitalized or are within quotation marks shall have the meanings provided in this Section 13 and as provided elsewhere herein. For purposes of this
Agreement, the following definitions apply: 
 13.1 “Affiliates” means all persons and entities directly or
indirectly controlling, controlled by or under common control with the Company, where control may be by either management authority or equity interest. 
 13.2 “Confidential Information” means any and all information of the Company and its Affiliates that is not generally known by others with whom they compete or do business, or with whom they plan to compete
or do business and any and all information, publicly known in whole or in part or not, which, if disclosed by the Company or its Affiliates would assist in competition against them. Confidential Information includes without limitation such
information relating to (i) the development, research, testing, manufacturing, marketing and financial activities of the Company and its Affiliates, (ii) the Products, (iii) the costs, sources of supply, financial performance and
strategic plans of the Company and its Affiliates, (iv) the identity and special needs of the customers of the Company and its Affiliates and (v) the people and organizations with whom the Company and its Affiliates have business
relationships and those relationships. Confidential Information also includes comparable information that the Company or any of its Affiliates have received belonging to others or which was received by the Company or any of its Affiliates with any
understanding that it would not be disclosed. 
 13.3 “Intellectual Property” means inventions, discoveries,
developments, methods, processes, compositions, works, concepts and ideas (whether or not patentable or copyrightable or constituting trade secrets) conceived, made, created, developed or reduced to practice by the Executive (whether alone or with
others, whether or not during normal business hours or on or off Company premises) during the Executive’s employment that relate to either the Products or any prospective activity of the Company or any of its Affiliates. 
 13.4 “Person” means an individual, a corporation, an association, a partnership, an estate, a trust and any other entity or
organization, other than the Company or any of its Affiliates. 
  

 -10- 

 13.5 “Products” mean all products planned, researched, developed, tested,
manufactured, sold, licensed, leased or otherwise distributed or put into use by the Company or any of its Affiliates, together with all services provided or planned by the Company or any of its Affiliates, during the Executive’s employment.

 14. Withholding. All payments made by the Company under this Agreement shall be reduced by any tax or other amounts
required to be withheld by the Company under applicable law. 
 15. Assignment. Neither the Company nor the Executive
may make any assignment of this Agreement or any interest herein, by operation of law or otherwise, without the prior written consent of the other; provided, however, that the Company may assign its rights and obligations under this Agreement
without the consent of the Executive to one of its Affiliates or to a Person with whom the Company shall hereafter affect a reorganization, consolidation or merger or to whom the Company transfers all or substantially all of its properties or
assets. This Agreement shall inure to the benefit of and be binding upon the Company and the Executive, their respective successors, executors, administrators, heirs and permitted assigns. 
 16. Severability. If any portion or provision of this Agreement shall to any extent be declared illegal or unenforceable by a court
of competent jurisdiction, then the remainder of this Agreement, or the application of such portion or provision in circumstances other than those as to which it is so declared illegal or unenforceable, shall not be affected thereby, and each
portion and provision of this Agreement shall be valid and enforceable to the fullest extent permitted by law. 
 17.
Waiver. No waiver of any provision hereof shall be effective unless made in writing and signed by the waiving party. The failure of either party to require the performance of any term or obligation of this Agreement, or the waiver by either
party of any breach of this Agreement, shall not prevent any subsequent enforcement of such term or obligation or be deemed a waiver of any subsequent breach. 
 18. Notices. Any and all notices, requests, demands and other communications provided for by this Agreement shall be in writing and
shall be effective when delivered in person or deposited in the United States mail, postage prepaid, registered or certified, and addressed to the Executive at his last known address on the books of the Company or, in the case of the Company, at its
principal place of business, attention of the CEO, or to such other address as either party may specify by notice to the other actually received. 
 19. Entire Agreement. This Agreement constitutes the entire agreement between the parties and supersedes all prior communications, agreements and understandings, written or oral, with respect to the terms and
conditions of the Executive’s employment. 
  

 -11- 

 20. Amendment. This Agreement may be amended or modified only by a written
instrument signed by the Executive and by a expressly authorized representative of the Company. 
 21. Headings. The
headings and captions in this Agreement are for convenience only and in no way define or describe the scope or content of any provision of this Agreement. 
 22. Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be an original and all of which together shall constitute one and the same instrument. 
 23. Governing Law. This Agreement shall be construed and enforced under, and be governed in all respects by, the laws of Tennessee,
without regard to the conflict of laws principles thereof, until the earlier of the date the Company relocates its principal place of business, or the date the Executive relocates his residence, to the State of Texas, from which date, this Agreement
shall be construed and enforced under, and be governed in all respects by, the laws of the State of Texas, without regard to the conflict of laws principles thereof. 
 IN WITNESS WHEREOF, this Agreement has been executed as a sealed instrument by the Company, by its duly authorized representative, and by the Executive, as of the date first above written. 
  

									
	THE EXECUTIVE:	 		 	THE COMPANY
				
	/s/ Greg Eveland	 		 	By:	 	/s/ James Robison
	Greg Eveland	 		 	James C. Robison
		 		 		 	 Vice-Chairman and
 Chief Executive
Officer

  

 -12-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}]]