Document:

pzza_Ex10_13

		
			Exhibit 10.13
		

		
			EMPLOYMENT  AGREEMENT
		

		
			THIS EMPLOYMENT AGREEMENT (this "Agreement") is entered into as of December 5, 2015 by and between PAPA JOHN'S INTERNATIONAL, INC., a Delaware corporation (the "Company"), and Caroline Miller Oyler a resident of 7701 Bella Woods Court, Louisville, Kentucky 40214 (Executive").
		

		
			RECITALS
		

		
			A.         The Executive has been offered the position of SVP, General Counsel of the Company.
		

		
			B.          The Company desires to employ Executive, and Executive wishes to be employed as SVP, General Counsel of the Company, to be governed by the terms and conditions set forth in this Agreement.
		

		
			AGREEMENT
		

		
			NOW, THEREFORE, in consideration of the foregoing premises and the respective agreements of the Company and Executive set forth below, the Company and Executive, intending to be legally bound, agree as follows:
		

		
			1.           Effective Date. The terms and conditions of Executive's employment hereunder shall become effective upon December 5, 2015 (the "Effective Date").
		

		
			2.          Employment.      Subject to all the terms and conditions of this Agreement, Executive's period of employment under this Agreement shall be the period commencing on the Effective Date and ending on December5, 2018 (the "Third Anniversary Date"), which term, unless otherwise agreed to by the parties, shall be extended on the Third Anniversary Date and on each anniversary of that date thereafter, for a period of one year (which term together with such extensions, if any, shall be hereinafter defined as the "Term"), unless the Executive's employment terminates earlier in accordance with Section 9 hereof. Either party may elect not to renew the Agreement by providing written notice to the other party at least sixty (60) days prior to the expiration of the Term. Thereafter, if Executive continues in the employ of the Company, the employment relationship shall continue to be at will, terminable by either Executive or the Company at any time and for any reason, with or without cause, and subject to such terms and conditions established by the Company from time to time.
		

		
			3.          Position and Duties.
		

		
			(a)         Employment with the Company. Executive shall be employed as the SVP, General Counsel of the Company, and/or such other titles as the Company reasonably may designate, and shall perform such duties and responsibilities as the Company shall reasonably assign to Executive from time to time, including duties and responsibilities relating to the Company's wholly-owned and partially owned subsidiaries and other affiliates.
		

		
			(b)         Performance of Duties and Responsibilities. Executive shall serve the Company faithfully and to the best of Executive's ability and shall devote full working time, attention and efforts to the business of the Company during Executive's employment with the Company hereunder. While Executive is employed by the Company during the Term, Executive shall report to the Chief Executive Officer of the Company or to such other person as designated by the Chief Executive Officer or the Board
		

		
			
		

		
			

		 

 

		

		
			of Directors of the Company (the "Board"). Executive hereby represents and confirms that Executive is under no contractual or legal commitments that would prevent Executive from fulfilling Executive's duties and responsibilities as set forth in this Agreement. During Executive's employment with the Company, Executive shall not accept other employment or engage in other material business activity, except as may be approved in writing by the Board. Executive may participate in charitable activities and personal investment activities to a reasonable extent, and Executive may serve as a director of business organizations as approved by the Board, so Jong as such activities and directorships do not interfere with the performance of Executive's duties and responsibilities hereunder.
		

		
			4.          Compensation.
		

		
			(a)         Base Salary. As of the Effective Date, the Company shall pay to Executive an annual base salary at the rate of Three Hundred Sixty-Five Thousand ($365,000) per year, less deductions and withholdings, which base salary shall be paid in accordance with the Company's normal payroll policies and procedures. Executive's base salary shall be reviewed on an annual basis by the Compensation Committee of the Board, at the same time and in the same manner as compensation is reviewed by the Compensation Committee for other officers of the Company generally, to determine whether it should be increased.
		

		
			(b)         Incentive Bonus and Equity Awards. Executive shall be entitled to participate in such incentive-based compensation plans or equity-based compensation plans of the Company and its affiliates in effect from time to time for executives of the Company, and as approved by and at the discretion of the Compensation Committee.
		

		
			In the event of a termination of Executive's Employment by the Company other than for Cause (as defined below), and contingent upon Executive's execution of a full release of claims in the manner  set forth in Section 10(g), all options and other equity awards, other than performance-based awards (which shall be governed by the terms of the applicable award agreement) granted under any stock option and stock incentive plans of the Company that are outstanding as of the date of termination shall be credited with an additional 6 months of Service (as defined in the Company's 2011 Omnibus Incentive Plan, referred to herein as the "Plan") for purposes of vesting in such award. Except as specifically set forth herein, all equity awards held by Executive shall continue to be governed by the applicable plan and award agreements, including with respect to Corporate Transactions (as defined in the Plan) and post­termination exercisability of awards.
		

		
			(c)        Benefits. Executive shall be entitled to participate in all employee benefit plans and programs of the Company that are available to executive officers generally to the extent that Executive meets the eligibility requirements for each individual plan or program. The Company provides no assurance as to the adoption or continuance of any particular employee benefit plan or program, and Executive's participation in any such plan or program shall be subject to the provisions, rules and regulations applicable thereto.
		

		
			(d)         Expenses. The Company shall reimburse Executive for all reasonable and necessary out- of-pocket business, travel and entertainment expenses incurred by Executive in the performance of Executive's duties and responsibilities hereunder, subject to the Company's normal policies and procedures for expenses, expense verification and documentation.
		

		
			(e)         Vacations and Holidays.  Executive shall be entitled to such vacation and holiday benefits as provided to officers generally, as the Company establishes by policy from time to time. Executive shall coordinate Executive's vacation schedule with the Company so as not to impose an undue burden on the Company.
		

		
			
		

		
			

		 

		

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			5.          Affiliated Entities. As used in this Agreement, "Company" shall include the Company and each corporation, limited liability company, partnership, or other entity that is controlled by the Company, or is under common control with the Company (in each case "control" meaning the direct or indirect ownership of 50% or more of all outstanding equity interests), provided, however, that the Executive's title need not be identical for each of the affiliated entities nor the same as that for the Company.
		

		
			6.          Confidential Information and Other Agreements. Executive agrees to abide by the terms of any and all agreements and obligations to the Company regarding confidentiality, including but not limited to any offer letter, Code of Ethics provision, policy, or the Executive's November 22, 2011 Confidentiality, Non-Disparagement and Dispute Resolution Agreement, all the terms of which are reiterated and incorporated by reference herein, and any successor agreements of similar nature executed by Executive from time to time.
		

		
			7.          Noncompetition Covenant. Executive agrees to abide by the terms of Executive's September 11, 2015 Confidentiality and Non-Competition Agreement, which is reiterated and incorporated by reference herein, and any successor agreements of similar nature executed by Executive from time to time.
		

		
			8.          Intellectual Property.
		

		
			(a)         Disclosure and Assignment. As of the Effective Date, Executive hereby transfers and assigns to the Company (or its designee) all right, title, and interest of Executive in and to every idea, concept, invention, trade secret and improvement (whether patented, patentable or not) conceived or reduced to practice by Executive whether solely or in collaboration with others while Executive is employed by the Company, whether or not conceived or reduced to practice during the regular hours of Executive's employment (collectively, "Creations") and all copyrighted or copyrightable matter created by Executive whether solely or in collaboration with others Executive he is employed by the Company that relates to the Company's business (collectively, "Works") whether or not created during the regular hours of Executive's employment. Executive shall communicate promptly and disclose to the Company, in such form as the Company may request, all information, details, and data pertaining to each Work and Creation. Every copyrightable Work, regardless of whether copyright protection is sought or preserved by the Company, shall be a "work made for hire" as defined in 17 U.S.C. § I01, and the Company shall own all rights in and to such matter throughout the world, without the payment of any royalty or other consideration to Executive or anyone claiming through Executive.
		

		
			(b)         Trademarks. All right, title, and interest in and to any and all trademarks, trade names, service marks, and logos adopted, used, or considered for use by the Company during Executive's employment (whether or not developed by Executive) to identify the Company's business or other goods or services (collectively, the "Marks"), together with the goodwill appurtenant thereto, and all other materials, ideas, or other property conceived, created, developed, adopted, or improved by Executive solely or jointly during Executive's employment by the Company and relating to its business shall be owned exclusively by the Company. Executive shall not have, and will not claim to have, any right, title, or interest of any kind in or to the Marks or such other property.
		

		
			(c)         Documentation. Executive shall execute and deliver to the Company such formal transfers and assignments and such other documents as the Company may request to permit the Company (or its designee) to file and prosecute, defend and enforce such registration applications and other documents it deems useful to protect or enforce its rights hereunder.
		

		
			
		

		
			

		 

		

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			9.          Termination of Employment.
		

		
			(a)        Executive's employment with the Company shall terminate immediately upon:
		

		
			(i)          Executive's receipt of written notice from the Company of the termination of Executive's employment;
		

		
			(ii)         the Company's receipt of Executive's written or oral resignation from the Company;
		

		
			(iii)        Executive's Disability (as defined in the Plan); or
		

		
			(iv)        Executive's death.
		

		
			(b)         The date upon which Executive's termination of employment with the Company occurs shall be the "Termination Date."
		

		
			10.        Payments upon Termination of Employment.
		

		
			(a)         If Executive's employment with the Company is terminated by reason of:
		

		
			(i)          Executive's abandonment of Executive's employment or Executive's resignation for any reason (whether or not such resignation is set forth in writing or otherwise communicated to the Company);
		

		
			(ii)         termination of Executive's employment by the Company for Cause (as defined below);
		

		
			or
		

		
			(iii)        termination of Executive's employment by the Company without Cause following expiration of the Term;
		

		
			the Company shall pay to Executive his or her then-current base salary through the Termination Date and any and all other benefits to which Executive may be entitled under any applicable Company policy, plan or procedure (without duplication of benefits).
		

		
			(b)         Except in the case of a Change in Control, which is governed by Section IO(c) below, if Executive's employment with the Company is terminated by the Company pursuant to Section 9(a)(i) effective prior to the expiration of the Term for any reason other than for Cause (as defined below), then the Company shall pay to Executive, subject to Section IO(g) of this Agreement and in addition to the consideration described in Section 4(b) above, the following amounts:
		

		
			(i)          Executive's then-current base salary through the Termination Date;
		

		
			(ii)         pro rata portions of any quarterly and annual non-equity bonus payouts under any non­ equity incentive-based compensation plans then in effect (provided that any applicable performance measures are achieved); and
		

		
			(iii)        the amount of Executive's then current base salary that Executive would have received from the Termination Date through the date that is nine months following such Termination Date.
		

		
			Any amount payable to Executive pursuant to Section IO(b)(iii) shall be subject to deductions and withholdings and shall be paid to Executive by the Company in the same periodic installments in accordance with the Company's regular payroll practices commencing on the first normal payroll date of 
		

		
			

		 

		

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			the Company following the expiration of all applicable rescission periods provided by law. Any amount payable to Executive pursuant to Section IO(b)(ii) shall be subject to deductions and withholdings and shall be paid to Executive by the Company in the same manner and at the same time that incentive bonus payments are made to current employees of the Company, but no earlier than the first normal payroll date of the Company following the expiration of all applicable rescission periods provided by law and no later than March 15 th of the year following the year in which the Termination Date occurs.
		

		
			(c)         If Executive's employment is terminated by the Company without Cause following a Change in Control as defined in this Agreement and before the end of the Term, or if the Executive's employment is terminated by the Executive for Good Reason following a Change in Control and before the end of the Term, then the Company shall pay to Executive, subject to Executive's compliance with Section lO(g) of this Agreement, the lesser of the total of Executive's then current base salary and prorated non-equity incentive bonus payouts as referenced above through the end of the Term of the Agreement, or nine months of Executive's current base salary.
		

		
			(i)     A  "Change of Control" shall mean that a "Corporate Transaction" as defined in the Plan has taken place during the Term.
		

		
			(ii)    A termination by Executive for "Good Reason" shall mean a termination based on:
		

		
			(A)        the assignment to Executive of different job responsibilities that results in a substantial decrease in the level of responsibility from those in effect immediately prior to the Change of Control;
		

		
			(B)        a material reduction by the Company or the surviving company in Executive's base pay as in effect immediately prior to the Change of Control;
		

		
			(C)        a material reduction by the Company or the surviving company in total benefits available to Executive under cash incentive and other employee benefit plans after the Change of Control compared to the total package of such benefits as in effect prior to the Change of Control;
		

		
			(D)        the requirement by the Company or the surviving company that Executive be based more than 50 miles from where Executive's office is located immediately prior to the Change of Control, except for required travel on company business to an extent substantially consistent with the business travel obligations which Executive undertook on behalf of the Company prior to the Change of Control; or
		

		
			(E)        the failure by the Company to obtain from any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company ("Successor") the assent to this Agreement contemplated by Section 13(g) hereof.
		

		
			(d)         If Executive's employment with the Company is terminated effective prior to the expiration of the Term by reason of Executive's death or Disability, the Company shall pay to Executive or Executive's beneficiary or estate, as the case may be, Executive's then-current base salary through the Termination Date, any earned and unpaid quarterly non-equity incentive bonus for the fiscal quarter preceding the fiscal quarter in which the Termination Date occurs and a pro-rated portion of any quarterly and annual non-equity incentive bonus for the fiscal quarter in which the Termination Date occurs (provided that any applicable performance measures are achieved), based on the number of days during such fiscal quarter that Executive was employed by the Company, payable in the same manner and at the
		

		
			
		

		
			

		 

		

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			same time that Incentive Bonus payments are made to current employees of the Company but in no event no later than March I 5th of the year following the calendar year in which the Termination Date occurs.
		

		
			(e)         "Cause" hereunder shall mean:
		

		
			(i)     gross negligence or willful misconduct in connection with the performance of duties;
		

		
			(ii)     conviction of a criminal offense (other than minor traffic offenses) that is, or may reasonably be expected to be, injurious to the Company, its business, reputation, prospects, or otherwise;
		

		
			(iii)     material breach of any term of any agreement between the Executive and the Company, including any employment, consulting or other services, confidentiality, intellectual property, non-competition or non-disparagement agreement;
		

		
			(iv)     acts or omissions involving willful or intentional malfeasance or misconduct that is, or may reasonably be expected to be, injurious to the Company, its business, reputation, prospects, or otherwise; or
		

		
			(v)     commission of any act of fraud or embezzlement against the Company.
		

		
			(f)          "Disability" hereunder shall have the same meaning as contained in the Company's Plan.
		

		
			(g)        Notwithstanding any other provision hereof, the Company shall not be obligated to make any payments under Section IO of this Agreement or any accelerated vesting in equity under Section 4(b) of this Agreement unless Executive has signed a full release of claims against the Company, in a form and scope to be prescribed by the Company, all applicable consideration periods and rescission periods provided by law shall have expired, and Executive is in strict compliance with the terms of this Agreement and any other agreements between the Executive and the Company as of the dates of the payments. Within five business days of the Termination Date, the Employer shall deliver to the Executive the release for the Executive to execute. The Executive will forfeit all rights to accelerated vesting in equity pursuant to Section 4(b) and to the payments provided pursuant to Section I O(b)(ii) and (iii)     unless tbe Executive executes and delivers to the Company the release within 30 days of delivery of the release by the Company to the Executive and such release has become irrevocable by virtue of the expiration of the revocation period without the release having been revoked (the first such date, the "Release Effective Date"). The Company shall have no obligation to provide the payments pursuant to Section lO(b)(ii) and (iii) or the acceleration of equity pursuant to Section 4(b) prior to the Release Effective Date. Payments will commence with the next regular payroll date that occurs more than three business days after the Release Effective Date, with any payment that would have been made but for the Release Effective Date not having occurred being made at that time. provided. however, that if the length of the five business day release delivery date, plus the 30 day or any other applicable review period, plus any revocation period, each as described above or in the release described above, begins in one taxable year and ends in the next taxable year, the Release Effective Date will not occur until the next taxable year.
		

		
			(h)        To the extent the Executive would be subject to the additional 20% tax imposed on certain deferred compensation arrangements pursuant to Section 409A of the Internal Revenue Code of 1986, as amended (the "Code")("Section 409A"), as a result of any provision of this Agreement, such provision shall be deemed amended to the minimum extent necessary to avoid application of such tax and preserve to the maximum extent possible the original intent and economic benefit to the Executive and the Company, and the parties shall promptly execute any amendment reasonably necessary to implement this
		

		
			
		

		
			

		 

		

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			Section l0(h).
		

		
			(i)  For purposes of Section 409A, the Executive's right to receive installment payments pursuant to this Agreement including, without limitation, each severance shall be treated as a right to receive a series of separate and distinct payments.
		

		
			(ii)  The Executive will be deemed to have a Termination Date for purposes of determining the timing of any payments or benefits hereunder that are classified as deferred compensation only upon a "separation from service" within the meaning of Section 409A.
		

		
			(iii) Notwithstanding any other provision hereof, to the extent the Executive is a "specified employee" as defined in Section 409A of the Internal Revenue Code and the final regulations promulgated thereunder, and any portion of Executive's severance pay is not exempt from Section 409A of the Internal Revenue Code, but would otherwise be payable within the first six (6) months following the date of the Executive's date of termination, such severance pay will not be paid to the Executive until the first payroll date of the seventh (7th) month following the date of termination.
		

		
			(iv) (A) Any amount that the Executive is entitled to be reimbursed under this Agreement will be reimbursed to the Executive as promptly as practical and in any event not later than the last day of the calendar year after the calendar year in which the expenses are incurred, (B) any right to reimbursement or in kind benefits will not be subject to liquidation or exchange for another benefit, and (C) the amount of the expenses eligible for reimbursement during any taxable year will not affect the amount of expenses eligible for reimbursement in any other taxable year.
		

		
			(v)  Whenever a payment under this Agreement specifies a payment period with reference to a number of days (e.g., "payment shall be made within thirty (30) days following the date of termination"), the actual date of payment within the specified period shall be within the sole discretion of the Company.
		

		
			11.        Return of Property. Upon termination of Executive's employment with the Company, Executive shall deliver promptly to the Company all records, files, manuals, books, forms, documents, letters, memoranda, data, customer lists, tables, photographs, video tapes, audio tapes, computer disks and other computer storage media, and copies thereof, that are the property of the Company, or that relate in any way to the business, products, services, personnel, customers, prospective customers, suppliers, practices, or techniques of the Company, and all other property of the Company (such as, for example, computers, cellular telephones, pagers, credit cards, and keys), whether or not containing Confidential Information, that are in Executive's possession or under Executive's control.
		

		
			12.        Remedies. Executive acknowledges that it would be difficult to fully compensate the Company for monetary damages resulting from any breach by Executive of the provisions of Sections 6, 7, 8, and 11 hereof. Accordingly, in the event of any actual or threatened breach of any such provisions, the Company shall, in addition to any other remedies it may have, be entitled to injunctive and other equitable relief to enforce such provisions, and such relief may be granted without the necessity of proving actual monetary damages. Any such action shall only be brought in a court of competent jurisdiction in the Commonwealth of Kentucky, and the parties consent to the jurisdiction, venue and convenience of such courts.
		

		
			13.        Miscellaneous.
		

		
			(a)         Governing Law. This Agreement shall be governed by, subject to, and construed in accordance with the laws of the Commonwealth of Kentucky without regard to conflict of law principles.
		

		
			
		

		
			

		 

		

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			(b)        Dispute Resolution. The parties agree that to the extent permitted by law, any dispute arising between Executive and Company, including whether any provision of this Agreement has been breached, shall be resolved through confidential mediation or confidential binding arbitration. Any such dispute shall initially be submitted for resolution to a neutral mediator, mutually selected by the parties. If such dispute is not resolved to the satisfaction of the parties, or the parties cannot agree upon a mediator, then it shall be submitted for resolution by a neutral arbitrator, to be mutually selected by the parties from a list provided by the American Arbitration Association, with such resolution to be made pursuant to that organization's then-current Employment (or other applicable) Arbitration Rules and Mediation Procedures. The parties agree that Company shall bear the costs of any mediation or arbitration arising under this Agreement, although each party shall be responsible for its own attorneys' fees. The parties agree to keep confidential both the fact that any mediation/arbitration has or will take place between them, all facts related thereto, and any resolution thereunder. Any resolution reached via mediation or award of an arbitrator shall be final and binding on the parties.
		

		
			(c)        Entire Agreement. This Agreement contains the entire agreement of the parties relating to Executive's employment with the Company and supersedes all prior agreements and understandings with respect to such subject matter, and the parties hereto have made no agreements, representations or warranties relating to the subject matter of this Agreement that are not set forth herein.
		

		
			(d)        No Violation f Other Agreements. Executive hereby represents and agrees that neither (i) Executive's entering into this Agreement, (ii) Executive's employment with the Company, nor (iii) Executive's carrying out the provisions of this Agreement, will violate any other agreement (oral, written or other) to which Executive is a party or by which Executive is bound.
		

		
			(e)         Amendments. No amendment or modification of this Agreement shall be deemed effective unless made in writing and signed by the parties hereto.
		

		
			(f)         No Waiver. No term or condition of this Agreement shall be deemed to have been waived, except by a statement in writing signed by the party against whom enforcement of the waiver is sought. Any written waiver shall not be deemed a continuing waiver unless specifically stated, shall operate only as to the specific term or condition waived and shall not constitute a waiver of such term or condition for the future or as to any act other than that specifically waived.
		

		
			(g)         Assignment. This Agreement shall not be assignable, in whole or in part, by either party without the prior written consent of the other party, except that the Company may, without the consent of Executive, assign its rights and obligations under this Agreement (i) to any entity with which the Company may merge or consolidate, or (ii) to any corporation or other person or business entity to which the Company may sell or transfer all or substantially all of its assets. Upon Executive's written request, the Company will seek to have any Successor by agreement assent to the fulfillment by the Company of its obligations under this Agreement. After any assignment by the Company pursuant to this Section l 3(g), the Company shall be discharged from all further liability hereunder and such assignee shall thereafter be deemed to be the "Company" for purposes of all terms and conditions of this Agreement.
		

		
			(h)         Counterparts. This Agreement may be executed in any number of counterparts, and such counterparts executed and delivered, each as an original, shall constitute but one and the same instrument.
		

		
			(i)          Severability. To the extent that any portion of any provision of this Agreement shall be invalid or unenforceable, it shall be considered deleted here from and the remainder of such provision and of this Agreement shall be unaffected and shall continue in full force and effect.
		

		
			
		

		
			

		 

		

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			(i)          Survival. The terms and conditions set forth in Sections 6, 7, 8, 9, 11, 12, and 13 of this Agreement, and any other provision that continues by its terms, shall survive expiration of the Term or termination of Executive's employment for any reason.
		

		
			(k)         Captions and Headings. The captions and paragraph headings used in this Agreement are for convenience of reference only and shall not affect the construction or interpretation of this Agreement or any of the provisions hereof.
		

		
			(l)          Notices. Any notice required or permitted to be given under this Agreement shall be sufficient if in writing and either delivered in person or sent by first class certified or registered mail, postage prepaid, if to the Company, to the Chief Executive Officer at the Company's principal place of business, and ifto Executive, at Executive's home address most recently filed with the Company, or to such other address or addresses as either party shall have designated in writing to the other party hereto.
		

		
			IN WITNESS WHEREOF, Executive and the Company have executed this Agreement on this 5th day of December 2015.
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						PAPA JOHN'S INTERNATIONAL, INC.

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						    /s/ Lance Tucker

				
	
					
						 

					
					
						 

					
					
						Lance Tucker, CFO and CAO

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						Caroline Miller Oyler

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						    /s/ Caroline Miller Oyler

				
	
					
						 

					
					
						 

					
					
						Caroline Miller Oyler

				

		
			 
		

		 

		

			9pzza_Ex10_14

		
			Exhibit 10.14
		

		
			VW/RS
		

		
			 
		

		
			 
		

		
			18 April 2017
		

		
			PRIVATE & CONFIDENTIAL
		

		
			Jack Swaysland
		

		
			68 Cardinal Avenue
		

		
			Kingston-Upon-Thames
		

		
			Surrey
		

		
			KT2 5SB
		

		
			Dear Jack,
		

		
			This letter (the Agreement) confirms your terms of your contract of employment with Papa John’s (GB) Limited (the Company).  Your position and job title is Senior Vice President of International.  Your employment under the terms of this Agreement commenced on 1  April 2017, however the start of your continuous employment with the Company is 20 November 2006.
		

		
			1.    Base Salary:
		

		
			1.1          You will be paid a base salary of £232,181 per year.  Your base salary will be payable by equal monthly instalments by bank giro credit direct to your bank less such deductions as the Company may be required by law to make.
		

		
			2.    Bonus:
		

		
			2.1          You will be eligible to participate in such bonus scheme or schemes on such terms (including any performance targets or criteria) as the Company may determine from time to time.  We confirm your participation in the arrangements for a bonus in respect of the year 2017, with the opportunity for you to be paid up to 65% of the basic salary earned during the relevant period.
		

		
			2.2          All bonus schemes operated by the Company are entirely discretionary and non-contractual in nature and are not incorporated by reference in this letter.  Bonus payments are non-pensionable and are subject to tax and NI deductions.  The Company may, at the Company’s sole discretion, supplement the bonus paid for extraordinary services rendered, as may be appropriate from time to time.
		

		
			2.3          Without prejudice to the generality of 2.2, participation in a Company bonus scheme in any year will not confer any right to participate in any bonus scheme, or to payments under a scheme, in the following year or any subsequent years, nor will it confer a right to any specific rate of bonus.  Any payments under a Company bonus scheme are conditional upon such terms, conditions and performance criteria as the Company may determine from time to time.  You agree that no payment will be made or due under any bonus scheme if on the payment date you have given, or have been given, notice of termination of employment or are no longer employed by the Company.
		

		
			
		

		
			

		 

 

		

		
			3.    Hours of Work:
		

		
			3.1          Your normal hours of work are from 9.00am to 5.30pm Monday to Friday together with such additional hours as may be necessary for the proper performance of your duties.  You agree that the nature of your position is such that your working time cannot be measured, and that accordingly your position falls within the scope of regulation 20 of the Working Time Regulations 1998.
		

		
			4.    Duties:
		

		
			4.1          You will carry out such duties and functions, exercise such powers and comply with such instructions in connection with the business of the Company and the Papa John’s Group which are consistent with your position as the Company may direct from time to time.  Except when prevented by illness, accident or holiday as provided below you will devote the whole of your time and all of your attention and skill to the affairs of the Company and where appropriate any company in the Papa John’s Group and use your best endeavours to promote its/their interests.
		

		
			4.2          You will if and so long as may be required by the Company carry out duties for and/or act as a director, officer or employee of any other company in the Papa John’s Group.  The duties attendant on any such appointment will be carried out by you as if they were duties to be performed by you on behalf of the Company.
		

		
			4.3          You will at all times promptly give to the Company (in writing if requested) all information, explanations and assistance that the Company may require in connection with the business or affairs of the Company and any other company in the Papa John’s Group and your employment with the Company.
		

		
			4.4          Except with the written consent of the Company (such consent not to be unreasonably withheld) you will not during your employment with the Company be directly or indirectly engaged, concerned or interested whether as principal, servant or agent (on your own behalf or on behalf of or in association with any other person) in any other trade, business or occupation other than the business of the Company or any company in the Papa John’s Group.  This clause will not prevent you from being interested for investment purposes only as a member, debenture holder or beneficial owner of any stock, shares or debentures which are listed or dealt in on a recognised investment exchange and which do not represent more than four per cent of the total share or loan capital from time to time in issue in such company.
		

		
			5.    Place of Work:
		

		
			5.1          You will be required to travel and work widely within the United Kingdom, and possibly abroad, in the course of your duties.  The Company is based at 11 Northfield Drive, Northfield, Milton Keynes, Buckinghamshire, MK15 0DQ, or at such other place or places as the Company may reasonably decide.
		

		
			6.    Benefits:
		

		
			6.1          Pension
		

		
			You are entitled to become a member of a Company pension scheme, subject to satisfying certain eligibility criteria and subject to the rules of the scheme as amended from time to time.  Full details are available upon request from the Finance Director.
		

		
			
		

		
			

		 

 

		

		
			6.2          Expenses
		

		
			You will be reimbursed all out of pocket expenses reasonably and properly incurred by you in the performance of your duties on hotel, travelling, entertainment and other similar items provided that you comply with the Company’s requirements relating to expenses, as amended from time to time, and produce to the Company such evidence of expenditure as it may require.
		

		
			6.3          Car
		

		
			In addition, as your job may require that you drive a motor vehicle to properly undertake your duties, it is a condition of your employment that you hold, and continue to hold, a current driving licence. In the event that you lose your driving licence for any reason whatsoever, the Company reserves the right to terminate your employment. The Company may require you to produce your driving licence at any time.
		

		
			In the event you are required to use your private car on company business you agree to comply with the terms in the Travel & Expense Policy.
		

		
			6.4          Life Insurance
		

		
			You are eligible to participate in the Company’s life assurance scheme and obtain life insurance cover which would pay a sum equal to four times your basic salary.  Your participation is subject to the terms of the scheme and the rules of the relevant insurance provider, as amended from time to time, and to the premium being at a rate which the Company considers reasonable. Details are available on request.
		

		
			The Company in its sole and absolute discretion reserves the right to discontinue, vary or amend the scheme (including the level of cover) at any time on providing you with reasonable notice and without any obligation to pay you compensation in lieu of such benefits.
		

		
			6.5          Health Insurance
		

		
			You, together with your spouse or civil partner and any dependent children under the age of 18, will be entitled to participate at the Company’s expense in the Company’s private medical insurance plan subject to the rules of the plan from time to time and subject to your eligibility to participate in or benefit from such plan pursuant to its rules.  Details and additional benefit information are available on request.
		

		
			The Company in its sole and absolute discretion reserves the right to discontinue, vary or amend the scheme (including the level of cover) at any time on providing you with reasonable notice and without any obligation to pay you compensation in lieu of such benefits.
		

		
			7.    Vacation
		

		
			In a complete holiday year you are entitled to 33 days holiday with pay each holiday year. This figure comprises of 25 days basic holiday, plus 8 days for public holidays. Should the public holidays increase or decrease, then this allowance will alter accordingly. Bank holidays are treated as normal working days. At the start and end of your employment, you will be entitled to paid holiday pro rata to the number of complete calendar months worked by you in
		

		
			
		

		
			

		 

 

		

		
			the relevant calendar year.  The dates of your holiday must be approved beforehand by your line manager or any such person as the Company may determine.  Unused holiday entitlement may not be carried forward to the next year without the written permission of the Regional Vice President, or any such person as the Company may determine.  Where you have taken more or less than your holiday entitlement in the year your employment terminates, a proportionate adjustment will be made by way of addition to or deduction from (as appropriate) your final pay calculated on a pro-rata basis.
		

		
			8.    Sickness or Injury Benefit
		

		
			8.1          If you are absent from your duties as a result of illness or injury, you will notify your line manager, or any such person the Company may determine, as soon as possible and complete any self – certification forms which are required by the Company.  If the incapacity continues for a period of seven days or more, you will produce to the Company a medical certificate to cover the duration of such absence.
		

		
			8.2          Subject to your compliance with the Company’s notification and certification requirements, if you are absent from your duties as a result of illness or injury, you shall continue to receive your full salary and contractual benefits during any period of absence for up to an aggregate of 13 weeks in any 52 week period (such payment shall be inclusive of any statutory sick pay due in accordance with applicable legislation in force at the time of absence), and for any such absence thereafter you will be entitled only to payment of such Statutory Sick Pay as may be required by law.
		

		
			8.3          If you are absent from work because of any injury or condition (physical or mental and whether or not sustained in the course of your duties) caused wholly or partly by an act or omission of any third party (other than the Company or any company in the Papa John’s Group) and recover damages or compensation from such party, you will repay to the Company a sum equivalent to the amount (if any) of any such damages or compensation which relates to any period of absence during which you received salary from the Company pursuant to any sick pay policy provided that the amount payable by you hereunder shall not exceed the amount of any sick pay received by you from the Company for the said period.
		

		
			8.4          Whether or not you are absent by reason of sickness, injury or other incapacity you will at the request of the Company agree to have a medical examination performed by a doctor appointed and paid for by the Company and you hereby authorise the Company to have unconditional access to any report or reports (including copies) produced as a result of such examination as the Company may from time to time require and entitlement to salary pursuant to any sick pay policy will be conditional upon you complying with the terms of this clause 8.4.
		

		
			8.5          The provisions of this clause will not prejudice or limit in any way the Company’s right to terminate your employment pursuant to the terms of this Agreement.
		

		
			8.6          For the avoidance of doubt, you are not entitled to receive any benefits under any permanent health insurance scheme.
		

		
			
		

		
			

		 

 

		

		
			9.    Collective Agreements:
		

		
			 
		

		
			9.1          There are no collective agreements which directly affect the terms and conditions of your employment.
		

		
			10.   Company Rules, Policies and Procedures:
		

		
			10.1        You must comply with the Company rules, policies and procedures which apply to you.  The Company reserves the right to change such rules, policies and procedures and to withdraw them at its discretion.  If there is any conflict between the Company’s rules, policies and procedures and this Agreement, it is the terms set out in this Agreement which apply to your employment.  Breach of any of the applicable rules, policies or procedures may result in disciplinary action.
		

		
			10.2        The Company reserves the right to search any employee and any vehicle, clothing or other property belonging to the employee at any time.  It is a condition of your employment that you co-operate fully with any such search.
		

		
			10.3        The Company reserves the right to require any employee to be medically examined at the Company’s expense.  It is a condition of your employment that you co-operate fully with any such medical examination.
		

		
			11.   Confidentiality:
		

		
			11.1        You will have access to confidential information in the course of your employment about the affairs of the Company, its customers and suppliers and franchise owners.  While employed by the Company and after the termination of your employment, regardless of the reason for the termination, you agree that you shall not use, disseminate, disclose or publish, directly or indirectly, any such confidential information except as is required to perform your obligations under this Agreement.
		

		
			11.2        The above restrictions shall not apply to:
		

		
			11.2.1              any use or disclosure authorised by the Company or required by law; or
		

		
			11.2.2              any information which is already in, or comes into, the public domain other than through your unauthorised disclosure; or
		

		
			11.2.3              prevent you from making a protected disclosure within the meaning of section 43A of the Employment Rights Act 1996.
		

		
			12.   Post-Termination Restrictions:
		

		
			12.1        In order to protect the confidential information, trade secrets and business connections of the Papa John’s Group to which you have access as a result of your employment, you covenant with the Company (for itself and as trustee and agent for each company in the Papa John’s Group) that you shall not:
		

		
			12.1.1              for 6 months after the Termination Date in the course of any business concern which is in competition with any Restricted Business, offer to employ or engage or otherwise endeavour to entice away from the Papa John’s Group any Restricted Person; or
		

		
			
		

		
			

		 

 

		

		
			12.1.2              for 12 months after the Termination Date, be involved in any Capacity with any business concern (including, but not limited to, those  branded Domino’s Pizza, Pizza Hut and Little Caesars) which is (or intends to be) in competition with any Restricted Business within any Restricted Territory; or
		

		
			12.1.3              at any time after the Termination Date, represent yourself as connected with the Company or the Papa John’s Group in any Capacity.
		

		
			12.2        None of the restrictions in clause 12.1 shall prevent you from being engaged or concerned in any business concern, provided that your duties or work shall relate solely to services or activities of a kind with which you were not concerned to a material extent in the 6 months prior to the Termination Date.
		

		
			12.3        The restrictions imposed on you by this clause 12 apply to you acting:
		

		
			12.3.1               directly or indirectly; and
		

		
			12.3.2               on his own behalf or on behalf of, or in conjunction with, any firm, company or person.
		

		
			12.4        The periods for which the restrictions in clause 12.1 apply shall be reduced by any period that the Employee spends on Garden Leave immediately prior to the Termination Date.
		

		
			12.5        If you receive an offer to be involved in a business concern in any Capacity during the term of this Agreement, or prior to the expiry of the last of the covenants in this clause 12, you shall give the person making the offer a copy of this clause 12.
		

		
			12.6        You have entered into the restrictions in this clause 12 having been separately legally advised.
		

		
			12.7        Each of the restrictions in this clause 12 is intended to be separate and severable. If any of the restrictions shall be held to be void but would be valid if part of their wording were deleted, such restriction shall apply with such deletion as may be necessary to make it valid or effective.
		

		
			12.8        You will, at the request and expense of the Company, enter into a separate agreement with any company of the Papa John’s Group in which you agree to be bound by restrictions corresponding to those restrictions in this clause 12 (or such of those restrictions as may be appropriate) in relation to that company.
		

		
			12.9         In this Agreement:
		

		
			12.9.1              “Capacity” means agent, consultant, director, employee, owner, partner, shareholder or in any other capacity provided that you may hold an investment by way of shares or other securities of not more than 5% of the total issued share capital of any company (whether or not it is listed or dealt in on a recognised stock exchange);
		

		
			12.9.2              “Papa John’s Group” means the Company, any holding company from time to time of the Company or any subsidiary or associated company from time to time of the Company or of any such holding
		

		
			
		

		
			

		 

 

		

		
			company (for which purpose “holding company” and “subsidiary” have the meanings ascribed to them by Section 736 of the Companies Act 1985 as amended by the Companies Act 1989 and “associated company” means any company which any such holding company or subsidiary holds or controls more than 20 per cent of the equity share capital);
		

		
			12.9.3              “Restricted Business” means the business of selling pizza on a delivery or carry-out basis.
		

		
			12.9.4              “Restricted Person” means anyone employed or engaged by the Papa John’s Group at [manager] level or above and with whom you dealt in the 6 months prior to the Termination Date in the course of your employment;
		

		
			12.9.5              “Restricted Territory” means any site in the United Kingdom within a 10-mile radius of either (i) a Delivery Unit operated by the Company or a franchisee of the Company or (ii) a territory which at the Termination Date has been allocated to for the development of a Delivery Unit by the Company or a franchisee of the Company; and
		

		
			12.9.6              “Termination Date” means the date of termination of your employment with the Company howsoever caused (including, without limitation, termination by the Company in repudiatory breach of contract).
		

		
			13.   Termination:
		

		
			13.1        Your employment with the Company may be terminated by you or the Company giving the other 9 months’ written notice to expire at any time.  You must deliver such notice to your line manager or any such person as the Company may determine.
		

		
			13.2        Following service of notice to terminate your employment by either party, or if you purport to terminate your employment in breach of contract, the Company may by written notice place you on Garden Leave for the whole or part of the remainder of your employment. Any untaken holiday entitlement accrued or likely to accrue up to the end of your employment must be taken during the Garden Leave period to the extent there are sufficient days of employment remaining.  You agree to notify the Company of any day or days during the exclusion period when you will be unavailable due to holiday and will agree convenient holiday dates in advance.  You will continue to be bound by the terms of this Agreement during Garden Leave and will continue to be paid basic salary and be entitled to other benefits in accordance with the terms of this Agreement.  The Company shall not be bound to provide you with any work during Garden Leave and may exclude you from Company premises and require you not to communicate with such of its employees and business contacts as it may determine.
		

		
			13.3        The Company reserves the right to terminate employment without notice in cases of gross misconduct.  Further details and examples are contained in the Company Handbook.
		

		
			13.4        In addition, as your job requires that you drive a motor vehicle to properly undertake your duties, it is a condition of your employment that you hold, and
		

		
			
		

		
			

		 

 

		

		
			continue to hold, a current driving licence.  In the event that you lose your driving licence for any reason whatsoever, the Company reserves the right to terminate your employment.
		

		
			14     Deductions:
		

		
			14.1        By signing this Agreement you agree that the Company may deduct from your pay (which includes holiday pay, sick pay, bonus and pay in lieu of notice) any amounts which you owe to the Company or any other company in the Papa John’s Group.
		

		
			14.2        By signing this Agreement you agree that the Company may deduct from any bonus or any other pay due to you from the Company or any other company in the Papa John’s Group any amounts required in order to fulfil your obligations pursuant to any stock ownership guidelines specified by the Papa John’s Compensation Committee from time to time and the Company shall apply such deducted sums in accordance with the procedure set down in those guidelines from time to time.
		

		
			15     Disciplinary and Grievance Procedures:
		

		
			15.1        You are subject to the Company's disciplinary and grievance procedures, copies of which are available upon request from the Finance Director. These procedures do not form part of your contract of employment.
		

		
			15.2        The Company may at any time suspend you for a period of up to 2 weeks during any period in which the Company is carrying out a disciplinary investigation into any alleged acts or defaults connected with your employment. During any period of suspension you shall continue to receive your salary and contractual benefits.
		

		
			16     Retirement Age:
		

		
			16.1        The Company is currently reviewing its policies on compulsory retirement.  You agree to be bound by such retirement age as it may decide for your position.
		

		
			17     Directorship:
		

		
			17.1        The Company is not obliged to ensure that you are appointed or remain a director of any company in the Papa John’s Group within the meaning of section 741 of the Companies Act 1985 (as amended) and the removal of you from any board in accordance with the company’s Articles of Association or if required by law or otherwise will not be a breach of this Agreement by the Company (or any company in the Papa John’s Group) nor terminate your employment hereunder.
		

		
			17.2        You will on termination of your employment for any reason and/or on commencement of any period of Garden Leave give written notice resigning immediately without claim for compensation (but without prejudice to any claim you may have for damages for breach of this Agreement) as a director of the Company and any company in the Papa John’s Group of which you are a director.
		

		
			17.3         If notice pursuant to clause 17.2 is not received by the relevant company within 7 days of a request by the Company, the Company is irrevocably authorised to
		

		
			
		

		
			

		 

 

		

		
			appoint a person to execute any documents and to do everything necessary to effect such resignation or resignations on your behalf.
		

		
			18     Company property:
		

		
			18.1        On request and in any event on termination of your employment for any reason you are required to return to the Company all company property including company credit or charge cards, your security pass, all keys, computer hard and software including discs and all documents in whatever form (including notes and minutes of meetings, customer lists, diaries and address books, computer printouts, plans, projections) together with all copies (irrespective of by whom and in what circumstances such copies were made) which are in your possession or under your control.
		

		
			19     Data protection:
		

		
			19.1        For the purposes of the Data Protection Act 1998 (as amended), you give your consent to the Company and any other Company in the Papa John’s Group processing personal data provided by you for all purposes relating to the performance of your employment including but not limited to:
		

		
			19.1.1              administering and maintaining personal records;
		

		
			19.1.2              paying and reviewing salary and other remuneration and benefits;
		

		
			19.1.3              providing and administering benefits (including, if relevant, pension, life assurance, permanent health insurance and medical insurance); undertaking performance appraisals and reviews;
		

		
			19.1.4              maintaining sickness, holiday and other absence records;
		

		
			19.1.5              equal opportunities matters including the operation of an equal opportunities policy;
		

		
			19.1.6              taking decisions about your fitness for work;
		

		
			19.1.7              carrying out performance appraisals and development reviews;
		

		
			19.1.8              providing references and information to future employers;
		

		
			19.1.9              providing information to governmental and quasi-governmental bodies for social security and other purposes, the HM Revenue & Customs and the Contributions Agency;
		

		
			19.1.10            recording the commission or alleged commission of any offence;
		

		
			19.1.11            providing information to future purchasers of the Company or and companies in the Papa John’s Group or of the business(es) in which you work; and
		

		
			19.1.12            transferring information concerning you to a country or territory outside the EEA.
		

		
			
		

		
			

		 

 

		

		
			20     Miscellaneous:
		

		
			20.1        This Agreement replaces all previous agreements between you and the Company or any other company in the Papa John's Group relating to your employment.
		

		
			20.2        This Agreement and your employment shall be governed by and interpreted in accordance with the law of England and Wales.  Subject to clause, each party irrevocably agrees to submit to the exclusive jurisdiction of the courts and tribunals of England and Wales over any claim or matter arising under or in connection with this Agreement.
		

		
			Yours sincerely
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			Valerie Wookey - UK HR Manager
		

		
			For and on behalf of Papa John’s (GB) Limited
		

		
			 
		

		
			 
		

		
			I understand and agree to the terms and conditions of my employment as set out above and I consent to your processing personal data (including sensitive data) as set out in clause 19.
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						/s/Jack Swaysland

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						Jack Swaysland

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						DATE

					
					
						   April 18, 2017

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