Document:

cik0000885568-ex1015_308.htm

Exhibit 10.15

 

 

 

 

December 4, 2018

 

Mr. Kirk Johnson

[Address]

 

Dear Mr. Johnson:

 

It is with great pleasure that we offer to you the position of Senior Vice President of Member Engagement with Old Dominion Electric Cooperative (ODEC).

 

Should you accept the position, your salary will be $12,692 gross per pay period.  ODEC has 26 pay periods per year. Your employment with ODEC is at-will and is indefinite.   Our relocation package provides you with $15,000 in order to relocate to the Richmond metro area.  This amount will be grossed up.   The cost of moving your household goods will also be paid by ODEC.  We request two quotes from moving companies at your discretion and submitted prior to your commitment.  ODEC will pay the lowest cost of the two. 

 

In addition to your compensation, you will be eligible to receive the benefits, which are offered to all ODEC employees.  These benefits are described in the Employee Benefits Enrollment Guide.  Our benefits currently are with NRECA and our open enrollment is January 1 annually.

 

Our vacation policy credits new employees for prior years of experience in your area of expertise.  Our offer to you would allow you to begin with an accrual of vacation time at a rate of 5 weeks per year and sick time accrual rate of 12 days per year. 

 

This offer is made on the condition that you accept this offer by signing and returning the enclosed copy to me by Tuesday, December 12, 2018 and that you agree to commence your duties on or around February 1, 2019.  ODEC is flexible with the start date. 

 

This offer of employment is, of course, subject to successful completion of a post-offer drug screen and a background check that will be performed at the expense of ODEC. 

 

Innsbrook Corporate Center    •     4201 Dominion Boulevard     •     Glen Allen, Virginia 23060

Tel: 804-747-0592                  www.odec.com                    Fax: 804-747-3742

ODEC reserves the right to withdraw this offer or terminate your employment or both for any reason, including but not limited to, failure (as defined solely by ODEC) of any and all of the aforementioned tests or checks.  

 

As part of our new hire process, you will be asked to complete a Form I-9 in compliance with the Immigration Reform and Control Act. As part of this compliance, you must present us with documents, which identify you and indicate you are eligible to work in the United States. This must be done within three days of hire.   You can find additional information on the type of documentation acceptable at http://uscis.gov/graphics/formsfee/forms/i-9.htm.

 

In order to ensure proper crediting of Social Security and Medicare earnings, please bring your social security card on your first day of employment for payroll purposes.

 

We appreciate your interest in employment with ODEC and hope you will consider our offer favorably. Please notify me of your decision regarding our offer in writing by December 11th. In the meantime, if you have any questions regarding any of the above information, please do not hesitate to contact me at 804-968-4023.

 

Cordially,

 

		
	
/s/ Marcus Harris
	
 

	
Marcus Harris, President & CEO
	
 

 

 

 

AGREED TO AND ACCEPTED BY:

 

			
	
/s/ Kirk Johnson
	
 
	
Dated:  12/4/18 

	
Mr. Kirk Johnsonnext_Ex10_28

		

			Exhibit 10.28

		

		
			AMENDMENT NO. 1 
		

		
			TO
		

		
			REGISTRATION RIGHTS AGREEMENT
		

		
			 
		

		
			This AMENDMENT NO. 1 TO REGISTRATION RIGHTS AGREEMENT (this “Amendment”) is made effective as of December 7, 2018 (the “Effective Date”), by and among NextDecade Corporation, a Delaware corporation (the “Company”), and certain entities listed on Schedule I (the “Holders”) attached hereto.    Capitalized terms used but not otherwise defined in this Amendment shall have the meaning ascribed to such term in the Original Agreement (as defined below).
		

		
			 
		

		
			RECITALS:
		

		
			WHEREAS, the Company and the Holders entered into that certain Registration Rights Agreement, dated as of August 9, 2018 (the “Original Agreement”); and 
		

		
			WHEREAS, the Company and the Holders desire to amend the Original Agreement to provide for certain changes as more fully set herein.
		

		
			AGREEMENT:
		

		
			NOW, THEREFORE, in consideration of the premises, the terms and provisions set forth herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
		

			
	
			
				 1.
			

			
	
			
			Amendment.  Section 2(a)(i) of the Original Agreement is amended and restated in its entirety as follows:

		
			“(i)  Filing. The Company shall, as soon as practicable after the date that is one hundred twenty (120) days from the date of this Agreement, but in any event within thirty (30) days after the date that is one hundred twenty (120) days from the date of this Agreement, file a Registration Statement under the Securities Act to permit the public resale of all the Registrable Securities held by the Holders from time to time as permitted by Rule 415 under the Securities Act (or any successor or similar provision adopted by the Commission then in effect) (the “Shelf Registration Statement”) on the terms and conditions specified in this Section 2(a) and shall use its reasonable best efforts to cause such Shelf Registration Statement to be declared effective as soon as practicable after the filing thereof, but in any event no later than the earlier of (i) ninety (90) days (or one hundred and twenty (120) days if the Commission notifies the Company that it will “review” the Shelf Registration Statement) after the date that is one hundred twenty (120) days from the date of this Agreement and (ii) the tenth (10th) business day after the date the Company is notified (orally or in writing, whichever is earlier) by the Commission that such Shelf Registration Statement will not be “reviewed” or will not be subject to further review (such earlier date, the “Effectiveness Deadline”). The Shelf Registration Statement filed with the 

		 

 

Commission pursuant to this Section 2(a) shall be on Form S-3 or, if Form S-3 is not then available to the Company, on Form S-1 or such other form of registration statement as is then available to effect a registration for resale of such Registrable Securities, covering such Registrable Securities, and shall contain a prospectus in such form as to permit any Holder to sell such Registrable Securities pursuant to Rule 415 under the Securities Act (or any successor or similar provision adopted by the Commission then in effect) at any time beginning on the effective date for such Shelf Registration Statement. A Shelf Registration Statement filed pursuant to this Section 2(a) shall provide for the resale pursuant to any method or combination of methods legally available to, and requested by, the Holders.  As soon as practicable following the effective date of a Shelf Registration Statement filed pursuant to this Section 2(a), but in any event within three (3) business days of such date, the Company shall notify the Holders of the effectiveness of such Registration Statement. When effective, a Shelf Registration Statement filed pursuant to this Section 2(a) (including the documents incorporated therein by reference) will comply as to form in all material respects with all applicable requirements of the Securities Act and the Exchange Act and will not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading (in the case of any Prospectus contained in such Shelf Registration Statement, in the light of the circumstances under which such statement is made).
		

			
	
			
				 2.
			

			
	
			
			Reference to and Effect on the Original Agreement. This Amendment shall be deemed to form an integral part of the Original Agreement and construed in connection with and as part of the Original Agreement, and all terms, conditions, covenants and agreements set forth in the Original Agreement, except as explicitly set forth herein, are hereby ratified and confirmed and shall remain in full force and effect, unmodified in any way. In the event of any inconsistency or conflict between the provisions of the Original Agreement and this Amendment, the provisions of this Amendment will prevail and govern. All references to the “Agreement” in the Original Agreement shall hereinafter refer to the Agreement as amended and supplemented by this Amendment.

			
	
			
				 3.
			

			
	
			
			Counterparts. This Amendment may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.

		
			[Signature Page Follows]
		

		
			 

		

		
			 
		

		
			
		

		
			

		 

		

			2

		

		

			 

		

 

		

		
			IN WITNESS WHEREOF, the parties hereto have executed this Amendment in order to evidence the adoption hereof as of the Effective Date.
		

		
			NEXTDECADE CORPORATION
		

		
			 

		

		
			By: /s/ Matthew Schatzman
		

		
			Name:Matthew Schatzman
		

		
			Title:President and CEO

		

		
			 

		

		
			
		

		
			

		 

		

			[Signature Page to Amendment No. 1 to Registration Rights Agreement]

		

 

		

		
			IN WITNESS WHEREOF, the parties hereto have executed this Amendment in order to evidence the adoption hereof as of the Effective Date.
		

		
			York Capital Management Global Advisors, LLC, severally on behalf of certain funds or accounts advised by it or its affiliates

		

		
			By: /s/ John J. Fosina
		

		
			Name:John J. Fosina
		

		
			Title:Chief Financial Officer
		

		
			

		 

		

			[Signature Page to Amendment No. 1 to Registration Rights Agreement]

		

		

			 

		

 

SCHEDULE I
		

		
			HOLDERS
		

		
			1. York European Distressed Credit Fund II, L.P.
		

		
			2. York Capital Management, LP
		

		
			3. York Credit Opportunities Fund, LP
		

		
			4. York Credit Opportunities Investment Master Fund, L.P.
		

		
			5. York Multi-Strategy Master Fund, L.P.
		

		 

		

			[Schedule I to Amendment No. 1 to Registration Rights Agreement]

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