Document:

exv10w1

Exhibit 10.1

March 17, 2010

Mr. Harry Sladich

2808 South Park Lane

Spokane, WA 99212

Dear Harry,

On behalf of Red Lion Hotels Corporation, I am delighted to offer you the position of Executive
Vice President Sales & Marketing for Red Lion Hotels Corporation hotel operations. In your new
position, you will report to me in my capacity as Executive Vice President of Hotel Operations and
Chief Operating Officer. The following outlines the employment package for your position.

POSITION: Full-time Executive Vice President for Sales & Marketing for Red Lion Hotels Corporation
located in Spokane, Washington. Your responsibilities will be those outlined in your job
description, as may be modified, and as may be assigned to you from time to time by me.

START DATE: You will report to work no later than Monday, May 3, 2010.

COMPENSATION: Your position is classified as a salaried exempt position, which means it is
exempt from state and federal overtime laws. You will be paid a bi-weekly base salary of
$6346.15 which is equivalent to $165,000.00 per year, subject to normal withholdings and payroll
taxes. Our company’s pay periods run on a biweekly basis. You will be paid every other Friday
beginning May 21, 2010.

You may be eligible for an increase in your base wage of up to $10,000.00, as of December 31,
2010, based on outstanding performance. This will be in lieu of the normal period for your
first wage review, which would typically occur in Feb, 2011, and will make the potential for
your total base pay to become $175,000.00 per year. “Outstanding performance” will be measured
by being on track to achieve at least 95% of our target of 344,332 group room nights in 2010, as
designated in the RLH 2010 budget.

Additionally, upon hire and subject to Board approval, you may be eligible to receive restricted
stock units (RSU’s) in the amount of 10-15% of your salary.

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BONUS: In addition to your base salary, you may be eligible to earn a bonus of up to 100% of
your base salary, if you are continuously and actively employed throughout the applicable bonus
period, and if you meet the other requirements outlined in the bonus plan, as may be amended
from time to time, and any other specific bonus criteria that may be determined by Red Lion from
time to time.

ANNUAL PERFORMANCE EVALUATION: Performance evaluations are generally conducted annually on or
about February 1st of each year. Red Lion may modify your salary based upon the
annual performance evaluation or other facts. Any wage increase that you may be eligible for
will be pro-rated based on your date of hire in this position or any merit increases granted
throughout the previous year.

BENEFITS: You will be eligible to participate in all standard employee benefit programs on the
same terms and conditions as other Red Lion Vice Presidents, as they may be modified from time
to time, including:

	 	•	 	Medical and Dental insurance eligible the first of the month following your hire date
(company paid)
	 
	 	•	 	Employee Assistance Program (EAP)
	 
	 	•	 	Long Term Disability insurance coverage starting the first of the month following
your hire date
	 
	 	•	 	Flexible Spending Account — Section 125 Medical Reimbursement and Dependent Care
accounts eligible within 30 days of your hire date for the following 1st of
the month effective date
	 
	 	•	 	AFLAC — Voluntary Cancer Protection, Short Term Disability, Personal Recovery and
Accident / Injury Protection Plans available following date of hire and also during open
enrollment periods
	 
	 	•	 	Paid vacation
	 
	 	•	 	Paid sick leave
	 
	 	•	 	Two weeks paid vacation within your first year of employment and three weeks paid
vacation beginning in your third year of employment. Any additional weeks in vacation
allowance will be subject to standard timing within the company’s normal benefit
program.
	 
	 	•	 	A special paid Year-End Break to be taken each calendar year between December 25 and
January 1
	 
	 	•	 	Eight (8) paid holidays each year and one (1) personal day
	 
	 	•	 	Participation in the RLH 401(k) Retirement Savings Plan with a discretionary match
which, if made, will be on a graduated basis based on length of service, eligible on
your hire date
	 
	 	•	 	Direct Deposit
	 
	 	•	 	Option to purchase shares of RLH stock at a 15% discount through payroll deduction
(Employee Stock Purchase Program)
	 
	 	•	 	Voluntary Term Life and AD&D Insurance coverage eligible the first of the month
following your hire date
	 
	 	•	 	Continuing education reimbursement
	 
	 	•	 	Complimentary Red Lion Family of Hotels accommodations for you and your family

A benefit book will be provided to you upon the commencement of your employment, describing
RLH’s benefits and eligibility requirements in detail. You will also receive a copy of RLH’s
Associate Handbook with information regarding the Company’s policies and procedures.

PROOF OF ELIGIBILITY TO WORK IN U.S.: Our offer is contingent upon your submission of
satisfactory proof of your identity and your legal authorization to work in the United States.
If you fail to submit this proof, federal law prohibits us from hiring you.

LOYALTY, NONDISCLOSURE OF CONFIDENTIAL INFORMATION: By accepting this offer, you agree that you
will act at all times in the best interest of RLH. You also agree that, except as required for
performance of your work, you will not use, disclose or publish any Confidential Information of
RLH either during or after your employment, or remove any such information from the Company’s
premises. Confidential Information includes, but is not limited to, lists of actual and
prospective customers and clients, financial and personnel-related information, projections,
operating procedures, budgets, reports, business or marketing plans, compilations of data
created by RLH or by third parties for the benefit of RLH.

COMPLAINT RESOLUTION: By accepting this offer with RLH, you also agree to continue to
familiarize yourself with its policies, including its policies on equal opportunity and
anti-harassment, and to promptly report to the appropriate RLH supervisors or officers any
matters which require their attention.

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KEY EMPLOYEE STATUS: You are regarded as a key employee under certain federal regulations
governing family and medical leave. This status will require that you work closely with us in
planning if you develop a need for family or medical leave.

NATURE OF EMPLOYMENT: As explained to you on the application for employment you submitted, RLH
is an at-will employer. This means that your employment is not for a set amount of time; either
you or the Company may terminate employment at any time, with or without cause.

DRUG SCREEN AND BACKGROUND CHECK: RLH has a vital interest in maintaining safe, healthful and
efficient working conditions for its employees. With this in mind, employment at RLH is contingent
on your satisfactory completion of a drug screen and background check.

ENTIRE AGREEMENT: This letter contains all of the terms of your employment with RLH, and
supersedes any prior understandings or agreements, whether oral or in writing.

Red Lion Hotels Corporation reserves the right, subject to limitations and provisions of
applicable law and regulations, to change, interpret, withdraw, or add to any of its policies,
benefits, or terms and conditions of employment at its sole discretion, and without prior notice
or consideration to any associate. The Company’s policies, benefits or terms and conditions of
employment do not create a contract or make any promises of specific treatment.

3

 

Harry, I am very pleased and proud to be adding your talents to our management team which is
dedicated to making a difference in the communities we serve, creating fulfilling jobs and
environments conducive to success, and providing the foundation for ongoing success of Red Lion
Hotels Corporation.

Sincerely,

/s/ George Schweitzer

George Schweitzer

Executive Vice President Hotel Operations and Chief Operating Officer

Red Lion Hotels Corporation

Accepted this 19th day of March, 2010

	 	 	 

	/s/ Harry Sladich
 

Employee Signature

	 	 

“Through personalized, exuberant service, we will create the most memorable guest experience possible, allowing us to be the

leader in our markets.”

4exv10w2

Exhibit 10.2

October 26, 2010

Mr. Dan Jackson

2709 NW 133rd Circle

Vancouver, WA 98685

Dear Dan:

On behalf of Red Lion Hotels Corporation, we are delighted to offer you the position of Senior Vice
President, Chief Financial Officer for Red Lion Hotels Corporation. In your new position, you will
report to me in my role as the Interim President and Chief Executive Officer.

Your appointment as an executive officer of Red Lion Hotels Corporation would be subject to formal
appointment by our Board of Directors. After appointment, and so long as you are an executive
officer, the details of your hire, your compensation and of any acquisitions and dispositions of
stock of Red Lion would be subject to Securities Exchange Commission reporting rules.

The following outlines the employment package for your position.

START DATE: Tuesday, November 2, 2010

POSITION: Full-time Chief Financial Officer for Red Lion Hotels Corporation located in Spokane,
Washington. Your responsibilities will be those outlined in your job description, as may be
modified, and as may be assigned to you from time to time by your supervisor.

COMPENSATION: Your position is classified as a salaried exempt position, which means it is
exempt from state and federal overtime laws. You will be paid a bi-weekly base salary of
$8,076.92 which is equivalent to $210,000.00 per year, subject to normal withholdings and
payroll taxes. Our company’s pay periods run on a biweekly basis. You will be paid every other
Friday beginning November 19, 2010.

BONUS: In addition to your base salary, you may be eligible to earn a bonus if you are
continuously and actively employed throughout the applicable bonus period, and if you meet the
other requirements outlined in the bonus plan, as may be amended from time to time. Bonus targets
and goals for achievement of bonuses by executive officers are set by the Compensation Committee of
the Board of Directors. For reference purposes, the target bonus for 2010 for the CFO position was
30% of base salary.

EQUITY GRANT: Within 30 days after your hire, you will receive restricted stock units (“RSUs”)
equivalent to 30% of your annual salary. These RSUs will be subject to the approval of the
Compensation Committee of the Board of Directors and the Company’s 2006 Stock Incentive Plan and
will vest on the one (1) year anniversary of the date of issuance, provided that you are still
employed by the Company at that time.

You will also be eligible to receive additional issuances from time to time of equity incentives
granted by the Compensation Committee of the Board of Directors. For reference purposes, in May of
each of the last two calendar

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years, the Compensation Committee approved equity awards equal in
value to 40% of the Chief Financial Officer’s base salary, in each case in the form of RSUs vesting
over four years.

ANNUAL PERFORMANCE EVALUATION: Performance evaluations are generally conducted annually on or
about February 1st of each year. Red Lion may increase your salary based upon the
annual performance evaluation or other facts. Any wage increase may be pro-rated based on the
date you began working in this position.

BENEFITS: You will be eligible to participate in all standard employee benefit programs on the
same terms and conditions as other Red Lion Vice Presidents, as they may be modified from time
to time, including:

	 	•	 	Medical and Dental insurance eligible the first of the month following your hire date
	 
	 	•	 	Employee Assistance Program (EAP)
	 
	 	•	 	Long Term Disability insurance coverage starting the first of the month following
your hire date
	 
	 	•	 	Flexible Spending Account — Section 125 Medical Reimbursement and Dependent Care
accounts eligible within 30 days of your hire date for the following 1st of
the month effective date
	 
	 	•	 	AFLAC — Voluntary Cancer Protection, Short Term Disability, Personal Recovery and
Accident / Injury Protection Plans available following date of hire and also during open
enrollment periods
	 
	 	•	 	Paid vacation. You will be eligible for 3 weeks paid vacation within your first year
of employment. This allowed vacation time does not apply to the RLH Vacation Policy.
As such, these approved but unearned vacation hours will not be entered into our payroll
system until requested and taken. In addition, should your employment with RLH end
before you have earned vacation hours under our normal vacation policy, this approved
but unearned vacation will not be paid out at separation nor will it be subject to any
rollover consideration. Starting January 1, 2012, your vacation will fall within the
RLH vacation policy, as detailed in the RLH benefits handbook.
	 
	 	•	 	Paid sick leave
	 
	 	•	 	A special paid Year-End Break to be taken each calendar year between December 25 and
January 1
	 
	 	•	 	Eight (8) paid holidays each year and one (1) personal day
	 
	 	•	 	Participation in the RLH 401(k) Retirement Savings Plan with a discretionary match
which, if made, will be on a graduated basis based on length of service, eligible on
your hire date
	 
	 	•	 	Direct Deposit
	 
	 	•	 	Option to purchase shares of RLH stock at a 15% discount through payroll deduction
under Red Lion’s Employee Stock Purchase Plan
	 
	 	•	 	Voluntary Term Life and AD&D Insurance coverage eligible the first of the month
following your hire date
	 
	 	•	 	Continuing education reimbursement
	 
	 	•	 	Discounted Red Lion Family of Hotels accommodations for you and your family

A benefit book will be provided to you upon the commencement of your employment, describing
RLH’s benefits and eligibility requirements in detail. You will also receive a copy of RLH’s
Associate Handbook with information regarding the Company’s policies and procedures.

SEVERANCE UPON CHANGE OF CONTROL: If there is a Change of Control (defined below) and your
employment is terminated without Cause (defined below) within six (6) months after such Change
of Control, you will be entitled to a lump sum payment equal to one year of your then current
annual salary.

As used herein, the term “Cause” means: (i) your willful and intentional failure or refusal to
perform or observe any of your material duties, responsibilities or obligations, if such breach
is not cured within 30 days after notice thereof to you by the Company, which notice shall state
that such conduct shall, without cure, constitute Cause; (ii) any willful and intentional act by
you involving fraud, theft, embezzlement or dishonesty affecting the Company; or (iii) your
conviction of (or a please of novo contendere to) an offense which is a felony in the
jurisdiction involved.

As used herein, the term “Change of Control” means the occurrence of any one of the following
events: (i) the majority of the Company’s Board of Directors (the “Board”) consists of
individuals other than “Incumbent

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Directors,” which shall mean the members of the Board as of
the date of this letter and any other persons becoming directors subsequent to the date of this
letter whose election or nomination for election was supported by a majority
of the directors who then comprised the Incumbent Directors; (ii) the Company adopts a plan of
liquidation providing for distribution of all or substantially all of the assets of
the Company on a consolidated basis; or (iii) the Company sells all or substantially all of its
assets on a consolidated basis in a single transaction or series of transactions.

COMMUTE: You will be allowed to commute between your home in Vancouver, Washington and our home
office in Spokane, Washington. Red Lion will reimburse your commute expenses in accordance with
our normal travel reimbursement policies at one round-trip per week. Any additional personal
travel will be at your own expense

RELOCATION: If you permanently relocate to Spokane, Washington at any time during the first two
(2) years of your employment with the company, we will reimburse your out-of-pocket eligible moving
expenses up to $20,000.00, provided that you provide the company with receipt verification of such
expenses within six (6) months after such relocation. Taxable items will be grossed up to
compensate for your impact. Cost estimates of anticipated expenses are to be supplied in advance
to your supervisor for approval prior to reimbursement. The following expenses are eligible for
reimbursement:

Eligible expenses:

	 	•	 	Moving expenses of household goods through full service carrier or truck rental
	 
	 	•	 	Associated packing materials
	 
	 	•	 	Home closing costs (for home sale and for home purchase); and offsite storage
	 
	 	•	 	Mileage to destination for up to 2 cars
	 
	 	•	 	Car registration for up to 2 cars
	 
	 	•	 	Driver’s license fees for up to 2 people
	 
	 	•	 	One trip for you and your family to seek housing

In addition, you are allowed up to twelve (12) months’ accommodations, including one meal per day,
in one of our properties for you and your family. Any extension to this 12-month period would
require advance written approval.

If you are terminated for cause or leave voluntarily within two years after your permanent
relocation to Spokane (if you relocate), you will be required to reimburse RLH a pro-rated amount
for the balance of the relocation expenses and you authorize RLH to deduct this remaining balance
from your final paycheck. Should the balance exceed your final paycheck, you will be expected to
reimburse the remaining balance. Terms and timing of such payments will be mutually agreed upon at
time of separation.

PROOF OF ELIGIBILITY TO WORK IN U.S.: Our offer is contingent upon your submission of
satisfactory proof of your identity and your legal authorization to work in the United States.
If you fail to submit this proof, federal law prohibits us from hiring you.

LOYALTY, NONDISCLOSURE OF CONFIDENTIAL INFORMATION: By accepting this offer, you agree that you
will act at all times in the best interest of RLH. You also agree that, except as required for
performance of your work, you will not use, disclose or publish any Confidential Information of
RLH either during or after your employment, or remove any such information from the Company’s
premises. Confidential Information includes, but is not limited to, lists of actual and
prospective customers and clients, financial and personnel-related information, projections,
operating procedures, budgets, reports, business or marketing plans, compilations of data
created by RLH or by third parties for the benefit of RLH.

COMPLAINT RESOLUTION: By accepting this offer with RLH, you also agree to continue to
familiarize yourself with its policies, including its policies on equal opportunity and
anti-harassment, and to promptly report to the appropriate RLH supervisors or officers any
matters which require their attention.

3

 

KEY EMPLOYEE STATUS: You are regarded as a key employee under certain federal regulations
governing family and medical leave. This status will require that you work closely with us in
planning if you develop a need for family or medical leave.

NATURE OF EMPLOYMENT: As explained to you on the application for employment you submitted, RLH
is an at-will employer. This means that your employment is not for a set amount of time; either
you or the Company may terminate employment at any time, with or without cause.

DRUG SCREEN AND BACKGROUND CHECK: RLH has a vital interest in maintaining safe, healthful and
efficient working conditions for its employees. With this in mind, employment at RLH is contingent
on your satisfactory completion of a drug screen and background check.

ENTIRE AGREEMENT: This letter contains all of the terms of your employment with RLH, and
supersedes any prior understandings or agreements, whether oral or in writing.

Red Lion Hotels Corporation reserves the right, subject to limitations and provisions of
applicable law and regulations, to change, interpret, withdraw, or add to any of its policies,
benefits, or terms and conditions of employment at its sole discretion, and without prior notice
or consideration to any associate. The Company’s policies, benefits or terms and conditions of
employment do not create a contract or make any promises of specific treatment.

Dan, we are pleased and proud to be adding your talents to a management team that is dedicated to
making a difference in the communities we serve, creating fulfilling jobs and environments
conducive to success, and providing the foundation for ongoing success of Red Lion Hotels
Corporation.

Sincerely,

/s/ Jon E. Eliassen

Jon E. Eliassen

Interim President and Chief Executive Officer

Red Lion Hotels Corporation

Accepted this 1st day of November, 2010

	 	 	 

	/s/ Dan Jackson
 

Employee Signature

	 	 

“Through personalized, exuberant service, we will create the most memorable guest experience possible, allowing us to be the
 leader in our markets.”

4

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