Document:

EX-10.100

  Exhibit 10.100

  AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT

   

  This amendment (“Amendment”) effective as of November 4, 2020 is made to that certain Amended and Restated Executive Employment Agreement dated April 10, 2020 (the “Agreement”) between EVO Transportation & Energy Services, Inc. (“Company”) and Thomas

  J. Abood (“Executive”). Capitalized terms used and not defined herein shall have the meaning set forth therefor in the Agreement.

   

  WHEREAS, the Company entered into certain arrangements with a lender which required the Company to elect a new Chairman of the Board of Directors of the Company;

   

  WHEREAS, the Agreement provides that the Executive shall act as Chairman of the Board of Directors during the term of his employment;

   

  WHEREAS, in order to induce the Executive to accept the election of a new Chairman of the Company’s Board of Directors, the Company has proposed modification of certain terms of the Agreement;

   

  NOW THEREFORE, in consideration of the mutual premises set forth above, the terms contained herein and other good and valuable consideration, the sufficiency of which is hereby acknowledged and agreed, the parties agree as follows:

   

  Section 1. Duties and Scope of Employment. Section 1(a) of the Agreement is deleted and replaced in its entirety with the following new Section 1(a):

   

  1. Duties and Scope of Employment. (a) Positions and Duties. During the Employment Term (as defined below), Executive will be employed as the Chief Executive Officer of the Company. Executive shall report and be subject to the direction of the Company’s Board of Directors or duly authorized committees thereof. Executive’s authority, duties, and responsibilities shall include those customarily associated with the position of Chief Executive Officer including day to day management of the Company, all of its personnel and its resources. .

   

  Section 2. Expenses. Section 6(c) of the Agreement is deleted and replaced in its entirety with:

   

  (c) Beginning October 1, 2020, the Company shall pay Executive a quarterly transportation supplement (“Transportation Supplement”) in the amount of $25,000. Such amount shall be paid without withholding, not reportable as wages on form W-2 and no later than the 15th day following calendar quarter end. The Transportation Supplement shall constitute an accountable plan such that Executive shall annually provide the Compensation Committee with a record showing the total actual costs of transportation for business purposes incurred over the year which actual costs include fuel, maintenance, hangar costs, insurance, depreciation and other similar expense items. To the extent Executive’s annual actual costs of transportation for business purposes are less than the Transportation Supplement for the full year, the Company shall add the excess amount of Transportation Supplement to Executive’s reportable wages on form W-2.

   

   

  

   

  Section 3. Miscellaneous. Except as modified by this Amendment, the Agreement shall remain in full force and effect.

   

  IN WITNESS WHEREOF, the parties hereto have affixed their signatures as of November 4, 2020.

   

   

   

  

   

  EVO TRANSPORTATION & ENERGY SERVICES, INC.

   

   

  By: /s/ Scott Smith	 Name: Scott Smith

  Title: Chair, Board of Directors Compensation Committee

  

   

  

   

  EXECUTIVE

   

   

   

  By: /s/ Thomas J. Abood	

  Name: Thomas J. AboodEX-10.101

  Exhibit 10.101

  AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT

   

  This amendment (“Amendment”) effective as of January 1, 2021 is made to that certain Executive Employment Agreement dated February 1, 2017 (the “Agreement”) between EVO Transportation & Energy Services, Inc. (“Company”) and Damon R. Cuzick (“Executive”).

  Capitalized terms used and not defined herein shall have the meaning set forth therefor in the Agreement.

   

  WHEREAS, the Company and the Executive wish to confirm the Executive’s title and responsibilities;

   

  WHEREAS, the Company and the Executive have determined the responsibilities and compensation associated therewith;

   

  NOW THEREFORE, in consideration of the mutual premises set forth above, the terms contained herein and other good and valuable consideration, the sufficiency of which is hereby acknowledged and agreed, the parties agree as follows:

   

  Section 1. Duties and Scope of Employment. Each of Sections 1(a) and (b) of the Agreement is deleted and replaced in its entirety with the following new Section 1(a) and 1(b):

   

  Section 1. Duties and Scope of Employment.

  (a)Positions and Duties. During the Employment Term (as defined below), Executive will be employed as the Chief Operating Officer (“COO”) of the Company. Executive’s authorities, duties and responsibilities will correspond to Executive’s position and will include any particular authority, duties and responsibilities consistent with Executive’s position that the Company’s Chief Executive Officer may assign from time to time.

   

   

  (b)Obligations. During the Employment Term, Executive is required to faithfully and conscientiously perform his assigned duties and to diligently observe all of his obligations to the Company. Executive agrees to devote his full business time and efforts, energy and skill to his employment at the Company, and Executive agrees to apply all his skill and experience to the performance of his duties and advancing the Company’s interests. The foregoing shall not preclude Executive from (i) engaging in civic, charitable or religious activities (including serving as a director, trustee or officer) or, with the prior written consent of the Company, from serving on the boards of directors of other companies or (ii) engaging in investments, including but not limited to real estate investments and acting as the general partner or manager thereof, as long as such activities do not interfere or conflict with Executive’s responsibilities to or his abilities to perform his duties hereunder. During the Employment Term, Executive may not perform services as an Executive or consultant of any other competitive organization and Executive will not assist any other person or organization in competing with the Company or in preparing to engage in competition with the business or proposed business of the Company. Executive shall comply with and be bound by Company’s operating policies, procedures, and practices from time to time in effect during his employment. By signing this Agreement,

   

   

  

   

  Executive confirms to the Company that he has no contractual commitments or other legal obligations that would prohibit him from performing his duties for the Company.

   

   

  Section 2. Compensation. Section 3(a) and Section 3(b) of the Agreement are deleted and replaced in their entirety with:

   

  Section 3. Compensation. (a) Initial Base Salary. During the Employment Term, the Company will pay Executive an annual base salary as compensation for his services (the “Base Salary”) at the initial rate of $250,000. The Base Salary will be paid periodically in accordance with the Company’s normal payroll practices, but no later than monthly. The Base Salary will be subject to review and adjustments will be made based upon the Company’s standard practices.

   

  (b) Annual Incentive Bonus. During the Employment Term, Executive will be eligible to earn an annual incentive bonus (an “Annual Bonus”) under the same or substantially same bonus arrangement, plan or program as in effect for other executive-level employees of the Company from time to time and based upon the same general objective standards as are applied to the other executive-level employees of Company, provided that Executive’s personal performance objectives shall be unique to his role as Chief Operating Officer. Consistent therewith, the Board (or a committee of the Board, or CEO, if applicable) will determine Executive’s target bonus opportunity and the criteria for earning such bonus, as well as Executive’s achievement of such criteria, and the amount of the Annual Bonus earned and payable to Executive for such

  year. Notwithstanding the foregoing, the target bonus opportunity shall not be less than 65% of Base Salary. Any Annual Bonus that is earned and becomes payable pursuant to this Section 3(b) will be paid no later than March 15 of the calendar year immediately following the calendar year to which the Annual Bonus relates. Executive must remain employed by the Company through December 31 of the applicable calendar year to be eligible to earn an Annual Bonus for such year; provided, however, that if the Employment Term ends prior to December 31 by reason of either termination by Executive for Good Reason or by the Company’s At-Will Termination, the Annual Bonus for such partial calendar year shall be prorated on a weekly basis for his period of employment in such year. The determinations of the Board (or a committee thereof or the CEO) with respect to the Annual Bonus will be final and binding unless there is direct evidence that the determination was in violation of the terms and provision of this Section 3(b) or the applicable program, plan or arrangement.

   

  Section 3. Other Changes. (a) Any reference in the Agreement to Executive Vice President or President is hereby changed, mutatis mutandi, to Chief Operating Officer and (b) the Company’s address for notices in Section 13 is changed to 2075 West Pinnacle Peak Rd, Phoenix, AZ 85027 Attn: Thomas J. Abood.

   

  Section 4. Miscellaneous. Except as modified by this Amendment, the Agreement shall remain in full force and effect.

   

   

  

   

  IN WITNESS WHEREOF, the parties hereto have affixed their signatures as of January 1, 2021.

   

   

   

  

   

  EVO TRANSPORTATION & ENERGY SERVICES, INC.

   

   

   

  By: /s/ Thomas J. Abood	

   Name: Thomas J. Abood

  Title: Chief Executive Officer

  

   

  

   

  EXECUTIVE

   

   

   

  By: /s/ Damon R. Cuzick		

  Name: Damon R. Cuzick

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