Document:

Exhibit

EXHIBIT 10.1
SEVENTH AMENDMENT TO
AMENDED AND RESTATED EMPLOYMENT AGREEMENT

THIS SEVENTH AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this “Agreement”), entered into as of the 11th day of February, 2016, by and between SUMMIT FINANCIAL GROUP, INC., a West Virginia corporation and bank holding company (“Summit”) and H. CHARLES MADDY, III, (“Maddy”). 
W I T N E S S E T H:
WHEREAS, on March 4, 2005, Summit and Maddy entered into that certain Employment Agreement whereby Summit agreed to employ Maddy and Maddy accepted employment as the Chief Executive Officer of Summit (the “Employment Agreement”); and 
WHEREAS, the original term of the Employment Agreement commenced on March 4, 2005, and extended until March 4, 2008; and
WHEREAS, the Board of Directors of Summit or a committee designated by the Board of Directors of Summit is required by the terms of the Employment Agreement to review the Employment Agreement at least annually, and the Board of Directors of Summit may, with the approval of Maddy, extend the term of the Employment Agreement annually for one (1) year periods (so that the actual term of the Employment Agreement will always be between two and three years); and
WHEREAS, on December 6, 2005, December 12, 2006, and December 14, 2007, the Compensation and Nominating Committee of the Board of Directors of Summit met to review the Employment Agreement and extended the term of the Employment Agreement for an additional one (1) year term; and 
WHEREAS, the Employment Agreement was amended and restated on December 9, 2008 (the “Amended and Restated Employment Agreement”) and the term of the Employment Agreement was thereby extended for an additional one (1) year until March 4, 2012.
WHEREAS, on February 4, 2010 , the Compensation and Nominating Committee of the Board of Directors of Summit met to review the Amended and Restated Employment Agreement and extended the term of the Amended and Restated Employment Agreement for an additional one (1) year until March 4, 2013; and
WHEREAS, on December 14, 2010, the Compensation and Nominating Committee of the Board of Directors met to review the Amended and Restated Employment Agreement and extended the term of the Amended and Restated Employment Agreement for one (1) year, until March 4, 2014.
WHEREAS, on February 16, 2012, the Compensation and Nominating Committee of the Board of Directors met to review the Amended and Restated Employment Agreement and extended the term of the Amended and Restated Employment Agreement for one (1) year, until March 4, 2015; 
WHEREAS, on February 14, 2013, the Compensation and Nominating Committee of the Board of Directors met to review the Amended and Restated Employment Agreement and extended the term of the Amended and Restated Employment Agreement for one (1) year, until March 4, 2016;

WHEREAS, on February 14, 2014, the Compensation and Nominating Committee of the Board of Directors met to review the Amended and Restated Employment Agreement and extended the term of the Amended and Restated Employment Agreement for one (1) year, until March 4, 2017; and
WHEREAS, on February 17, 2015, the Compensation and Nominating Committee of the Board of Directors met to review the Amended and Restated Employment Agreement and extended the term of the Amended and Restated Employment Agreement for one (1) year, until March 4, 2018.
WHEREAS, on February 11, 2016, the Compensation and Nominating Committee of the Board of Directors met to review the Amended and Restated Employment Agreement and extended the term of the Amended and Restated Employment Agreement for one (1) year, until March 4, 2019.
WHEREAS, Maddy and Summit desire to enter into this Agreement to evidence the extension of the Employment Agreement for an additional one (1) year until March 4, 2019.
NOW THEREFORE, for and in consideration of the premises and mutual covenants, agreements and undertakings, and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties covenant and agree as follows:
1.    Amendment to Employment Agreement.  Effective as of the date of this Agreement, the term of the Employment Agreement shall be until March 4, 2019.  
2.    Enforceable Documents.  Except as modified herein, all terms and conditions of the Employment Agreement, as the same may be supplemented, modified, amended or extended from time to time, are and shall remain in full force and effect.  
3.    Authority.  The undersigned are duly authorized by all required action or agreement to enter into this Agreement.  
4.    Modifications to Agreement.  This Agreement may be amended or modified only by an instrument or document in writing signed by the person or entity against whom enforcement is sought.
5.    Governing Law.  This Agreement, and any documents executed in connection herewith or as required hereunder, and the rights and obligations of the undersigned hereto and thereto, shall be governed by, construed and enforced in accordance with the laws of the State of West Virginia.
IN WITNESS WHEREOF, the parties hereto have duly executed and delivered this Agreement as of the date first written above.
	
					
	 
	 
	SUMMIT FINANCIAL GROUP, INC.

	 
	 
	 
	 
	 

	 
	 
	By:    /s/ Oscar M. Bean                        
	 

	 
	 
	Its:    Chairman                                     
	 

	 
	 
	 
	 
	 

	 
	 
	/s/ H. Charles Maddy, III                         
	 

	 
	 
	H. Charles Maddy, IIIExhibit

Exhibit  10.16

AMENDMENT TO LEASE AGREEMENT

THIS AMENDMENT TO LEASE AGREEMENT (the “Amendment”) is entered into effective as of the 7th day of December, 2015, by and between SELIG REAL ESTATE HOLDINGS XXXIV, LLC a Washington limited liability company (“Lessor”), and AMERICAN PET INSURANCE COMPANY, a New York corporation duly qualified to do business in the State of Washington, dba Trupanion (“Lessee”).

RECITALS

A.    Prior to September 20, 2012, the Housing Authority of the City of Seattle (the “Housing Authority”) was the owner of that commercial office building commonly known as 907 NW Ballard Way in Seattle, Washington (the “Property”).  On September 20, 2012, Lessor obtained ownership of the Property.

B.    By that certain Lease Agreement dated June 14, 2012 (the “Original Lease”), the Housing Authority leased the Property to Lessee.  After Lessor obtained ownership of the Property, Lessor and Lessee entered into two (2) amendments to the Original Lease, including (i) that certain letter amendment dated September 24, 2013 (the “First Amendment”), and (ii) that certain letter amendment dated February 3, 2014 (the “Second Amendment”, and together with the Original Lease and the First Amendment, the “Lease”).

C.    Pursuant to the terms of the First Amendment, Lessor and Lessee agreed that (i) Lessee had the option (the “Initial Extension Option”) to extend the Lease Term through August 15, 2016 (the “Lease Termination Date”), and (ii) Lessee would have two (2) options to extend the Lease Term for additional 1 (one) year terms each (collectively, the “Additional Extension Options”).  Lessee exercised the Initial Extension Option and that exercise was memorialized in the Second Amendment.

D.    At the outset of Lessee’s occupancy of the Property, Lessee retained for its own use the furniture, fixtures and equipment that existed at the Property prior to Lessee’s tenancy (the “FF&E”).  The Lease requires Lessee, at the termination of the Lease term, to deliver the property to Lessor in the condition described in the second paragraph of section 10 of the Original Lease.

E.    Lessor and Lessee wish to amend the Lease to terminate the Additional Extension Options and to confirm the treatment of the FF&E at the termination of the Lease term.

NOW, THEREFORE, in consideration of the foregoing, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Lessor and Lessee, intending to be legally bound, hereby agree as follows:

1.    Amendment 1.  Lessee’s Additional Extension Options are hereby terminated.

2.    Amendment 2.  Lessee shall have no obligation to remove the FF&E at the termination of the Lease term.

3.    Except as specifically detailed herein, all other Lease terms and conditions will remain unchanged and in full force and effect.

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IN WITNESS WHEREOF, Lessor and Lessee have executed this Amendment as of the date first written above.EX-10.1

 Exhibit 10.1 
  

 
 February 5, 2016 
 Dear
Rhonda, 
 Congratulations! I’m very pleased to extend to you an offer of employment from Alliance HealthCare Services. 

This letter confirms our offer for the position of Executive Vice President, Chief Financial Officer. This offer is contingent upon a pre-employment drug
screen, as well as a background and reference check. This is an exempt position paid at a biweekly rate of $11538.46 which is the equivalent of $300,000.00 annually. As discussed, your anticipated start will be on March 10, 2016.
In this position you will report to Tom Tomlinson, Chief Executive Officer.  
 In addition to your base salary, you will receive a sign on
bonus in the amount of $50,000.00 that will be paid to you in two installments; the first half will be paid to you in the first practical pay period following the completion of thirty (30) days of employment and the second half will be paid to you
in the first practical pay period following the completion of sixty (60) days of employment. In the event that you voluntarily resign your employment with Alliance prior to the end of one (1) year or are terminated for just cause as defined in your
Executive Severance Agreement prior to the end of one (1) year, then you agree to immediately following such termination, to reimburse Alliance the complete amount of the sign-on bonus within sixty (60) days. 

You will also be eligible to participate in Alliance HealthCare Service’s Executive Incentive Plan (EIP). Your target bonus is 75% of your base salary
payable as defined under the provisions of the plan and applicable Terms and Conditions. 
 You will be provided an equity grant equivalent to $200,000.00
which will be provided in the form of Alliance HealthCare Services (AIQ) stock options. One-third (1/3) of the earned award will vest on the grant award date in 2017. The remaining two thirds (2/3) of the options will vest in equal installments on
the grant date anniversary in 2018 and 2019, subject in each case to your continued employment through the vesting date. 
 Alliance will also recommend to
the Alliance Compensation Committee at the next Alliance LTIP meeting that you be granted an award equivalent to 50% of your base salary, fifty percent (50%) of which will be in the form of Alliance HealthCare Services (AIQ) stock options, with an
exercise price equal to the closing AIQ stock price on the grant date of the Alliance Long Term Incentive Plan (LTIP) grants in Q1 2016. One-third (1/3) of the earned award will vest on the grant award date in 2017. The remaining two thirds (2/3) of
the options will vest in equal installments on the grant date anniversary in 2018 and 2019, subject in each case to your continued employment through the vesting date. The second fifty percent (50%) of the grant will be in the form of an Adjusted
EBITDA Award in which you are eligible to earn a target cash award if the Company meets or exceeds the target for Adjusted EBITDA less minority interests. One-third (1/3) of the earned cash award will vest on December 31, 2016 and will be paid by
March 15, 2017, subject to your continued employment through December 31, 2016. The remaining two thirds (2/3) of the earned cash award will vest in equal installments on December 31, 2017 and December 31, 2018, subject in each case to your
continued employment through the vesting date. Payment will be made in each case within two and one-half months after the applicable vesting date. 

 

 
  

 You will be eligible for all company benefits, subject to the terms and conditions of each program. I’ve
enclosed a Benefits Overview, which provides a brief description of each of our current benefits. In addition to the standard benefits package, you will accrue four weeks of vacation per year beginning year one of employment versus the standard two
weeks. If you have any questions, please call the Human Resources Team at 800-544-3215. An HR team member will be happy to answer your questions. 

As part of your new Team Member welcome, you will be asked to participate in an online orientation process that contains all the paperwork you will need to
complete and submit. On your first day, please be sure to bring identification documents that verify your identity and employment eligibility. This is required by the Department of Homeland Security. Should we not receive the required documentation
within three days from your start date, we will have to withdraw our offer of employment. If you have any questions as to which documents are required, please refer to the enclosed I-9. 

Either you or Alliance may end the employment relationship at any time, with or without cause or advance notice. Alliance is an at-will employer; therefore,
this letter does not constitute an employment contract. 
 If you agree with the terms in this letter, please accept this offer electronically within 14
days. In addition to the electronic copy of the offer, you will also receive a copy in the new hire packet. Please sign that copy and fax it as instructed on the packet. If you have any questions, please feel free to contact me directly at
949-242-5511. 
 Rhonda, I’m very excited to invite you to join us here at Alliance. Our team members are talented, highly motivated
professionals – the best in the business. We are committed to being a customer-focused organization, with a work environment that is characterized by quality, integrity and ethics, respect, teamwork and accountability. The values-and
performance-based culture we’re building together is truly unique. 
 I’ll look forward to receiving your acceptance on or around February 15,
2016 and to welcoming you as one of the newest members of the Alliance team! 
 Warmest regards, 

Laurie Miller 
 Senior Vice President, Human Resources 

Alliance HealthCare Services 
 Enclosure: 

 

					
	 /s/ Rhonda Longmore-Grund
	 		 	 February 15, 2016

	Name	 		 	Date

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