Document:

Exhibit 10.1

 

 

48 W 38th Street, 12th Floor

New York, NY 10018

July 29, 2022

Delivered via email

 

Vincent T. Cubbage

Re: Offer of Employment

 

Dear Vince:

 

Volta Charging Industries, LLC (“Volta”) is pleased to offer
you the full-time, exempt position of Interim Chief Executive Officer of Volta Inc. (“Parent” and together with Volta, the
“Company”). As you know, the Board of Directors of the Parent approved your appointment as Interim Chief Executive Officer
effective as of June 13, 2022, and this offer letter will have effect as of June 13, 2022 (the “Start Date”). You will report
to the Board of Directors of Parent (the “Board”). You will work remotely or in Volta’s New York City office, which
may be flexible as you determine in your reasonable discretion. The terms of your offer are as follows:

 

		1.	Interim Position, Duties and Responsibilities. You
agree to serve as Interim Chief Executive Officer of Parent on an interim basis until such time as a new Chief Executive Officer is appointed
by Parent and commences serving in such position, or such earlier date as may be agreed between you and the Board (the period of your
service as Interim Chief Executive Officer as provided in this Paragraph or as terminated by you or the Company pursuant to Paragraph
5 hereof is referred to herein as the “Term”). You and the Company acknowledge that the Term is expected to be of limited
duration. Unless otherwise agreed by you, the Company will list your title as “Interim Chief Executive Officer.”

 

		2.	Compensation. Your starting base salary will be equal
to $41,666.67 per month, less applicable withholdings, paid in accordance with Volta’s normal payroll practices, which is semi-monthly
(i.e., on or about the 15th and the last business day of the month). Future adjustments in compensation, if any, will be made
by the Board or Compensation Committee of the Board (the “Compensation Committee”), in its sole and absolute discretion.
This position is an exempt position. In addition, upon the conclusion of your service to the Company, you may be awarded a bonus in such
amount as the Board or Compensation Committee may determine in its sole and absolute discretion (it being agreed that the Company shall
have no obligation to pay any such bonus). The Company agrees that any salary payable to you pursuant to this Paragraph 2 from the Start
Date and not previously paid as of the date hereof shall be included in the compensation paid to you on the first regular payroll date
occurring after the date hereof. During the period that you serve as the Interim Chief Executive Officer of Parent, you will not be eligible
for compensation provided to non-employee members of the Board pursuant to the Director Compensation Policy that is currently in effect
and may be amended from time to time; provided, however, that you will still receive the annual equity grant to be made with respect
to the annual meeting of shareholders that occurred in July 2022.

 

		3.	Equity. Subject to the approval of the Board, the
Company will grant you restricted stock units (“RSUs”) in respect of 420,000 shares (each, a “Share”)
of the Company’s Class A common stock (the “RSU Award”). The RSU Award will be subject to the terms and conditions
applicable to RSUs granted under the Company’s 2021 Equity Incentive Plan (the “Plan”), as described in that
Plan and the applicable restricted stock unit award agreement, which you will be required to sign.

 

Subject to you continuing to be a Service
Provider (as defined in the Plan) through each vesting date, the Shares subject to the RSU Award shall vest as to 50% of the Shares subject
to the RSU Award on the six (6) month anniversary of the Start Date and the remaining 50% of the Shares subject to the RSU Award on the
twelve (12) month anniversary of the Start Date.

 

Notwithstanding the foregoing, (i) in the
event that the Company experiences a Change in Control (as defined in the Plan) while you are a Service Provider, vesting shall accelerate
such that 100% of the unvested Shares subject to the RSU Award shall vest, effective as of immediately prior to the consummation of such
Change in Control, and (ii) in the event the Company hires a new Chief Executive Officer while you are a Service Provider, vesting shall
accelerate such that 100% of the unvested Shares subject to the RSU Award shall vest, effective as of the start date of employment of
the new Chief Executive Officer.

 

     

     

    

 

		4.	Policies, Benefits. Your employment is subject to
Volta’s personnel policies and procedures in effect at the time of your employment. You will be eligible for all fringe benefits
available to other regular full-time employees in accordance with Volta’s benefit plans. Volta reserves the right to change or
eliminate these benefits on a prospective basis at any time. Without limiting the foregoing, at all times you remain employed you will
be eligible to receive: (a) a monthly reimbursement for your cellular phone expenses up to, but not to exceed, $100.00, upon presentation
of reasonable documentation thereof; and (b) a fuel allowance based on the standard mileage reimbursement rate set by the Internal Revenue
Service from time to time. Your employment with Volta is subject to Volta’s personnel policies and procedures, which Volta reserves
the right in its sole discretion to change at any time. Notwithstanding anything contained herein to the contrary, you have advised the
Company that, solely with respect to your employment service to the Company in the capacity as Interim Chief Executive Officer, you have
voluntarily elected to forgo the following benefits to which you may otherwise be entitled: (i) participation in the Company’s
retirement plans including any 401(K) plan; (ii) any life or disability insurance coverage or benefits; (iii) and any health or other
medical benefits (including vision or dental insurance). Without limiting the foregoing and in accordance with any applicable Company
policies, the Company will reimburse you for all of your reasonable business-related travel expenses incurred in connection with your
employment, including airfare, hotels and other incidental costs.

 

		5.	No Violation of Rights of Third Parties. By accepting
this offer and except as otherwise provided herein, you represent that you are not a party to any other agreement which will interfere
with your ability to fully and satisfactorily provide the services for which you are being employed by Volta. If you have not done so
already, we ask that you disclose to Volta any agreements to which you are a party that may affect your ability to be employed by Volta
or perform your job duties. During your employment with Volta, you agree you will not breach any agreement between you and any third
party to keep in confidence proprietary information, knowledge or data belonging to that third party that was acquired by you prior to
your employment with Volta. In addition, you agree that you will not disclose to Volta, or induce Volta to use, any confidential or proprietary
information or material belonging to any previous employer or others. You agree not to enter into any agreement, whether written or oral,
that conflicts with your promises in this provision. The Company acknowledges that you have advised the Company of your position as Managing
Director - Private Energy of Tortoise Capital Advisors, L.L.C. and that you serve as the Chief Executive Officer and Chairman of the
Board of TortoiseEcofin Acquisition Corp. III, a special purpose acquisition company sponsored by Tortoise Capital Advisors, L.L.C. or
an affiliate thereof. The Company agrees that you may continue to serve in such positions (the “Tortoise Positions”) during
your employment with the Company as Interim Chief Executive Officer and that you may commit such time and efforts as you shall deem necessary
to fulfill your duties with respect to the Tortoise Positions, provided that you are still able to perform the duties required for your
role as Interim Chief Executive Officer. The Company also understands that it is possible in the future that you may not be able to fulfill
your responsibilities to the Company in light of your Tortoise Positions, in which case you will notify the Board as soon as practicable
of your inability to fulfill your responsibilities with the Company to enable you and the Board to address such matter in a manner acceptable
to the Board and you.

 

		6.	At-Will Employment. If you accept our offer, your
employment with Volta will be “at-will.” This means your employment is not for any specific period of time and can be terminated
by you at any time for any reason or no reason. Likewise, Volta may terminate the employment relationship at any time, with or without
cause or advance notice. In addition, Volta reserves the right to modify your position, duties and reporting relationship to meet business
needs and to use its managerial discretion in deciding on appropriate discipline. Any change to the at-will employment relationship must
be by a specific, written agreement signed by you and Volta (with the approval of the Board.

 

		7.	Contingencies. This offer is contingent upon the following:
(a) signing Volta’s Employee Confidential Information and Inventions Assignment Agreement; (b) compliance with federal I-9 requirements
(please bring suitable documentation with you on your first day of work verifying your identity and legal authorization to work in the
United States); (c) to the extent permitted by applicable law, completion by Volta, or by an outside provider engaged by Volta, of a
satisfactory background check as deemed necessary or appropriate by the Board, including with respect to your credit history and any
criminal record, which (again, to the extent permitted by applicable law), you hereby consent may be conducted in connection with your
potential employment with Volta; and (d) completion by Volta of a satisfactory reference check, as deemed necessary or appropriate
by the Board.

 

    2

     

    

 

		8.	Mutual Agreement to Arbitrate. Subject to the exclusion
below, in the event of any dispute or claim relating to or arising out of our employment relationship or the termination of that relationship
(including, but not limited to, arbitrability, any claims of wrongful termination or age, sex, race, disability or other discrimination),
any claims for unpaid wages or other amounts, including pursuant to the New York State Labor Law, tort claims, breach of contract claims,
including but not limited to claims under the parties’ Confidential Information and Inventions Agreement, and claims for violation
of any local, state or federal law, statute regulation, ordinance or common law), you and Volta (including its subsidiaries, affiliates,
successors or assigns) agree that all such disputes shall be fully and finally resolved by binding arbitration conducted before a single
neutral arbitrator pursuant to the rules for arbitration of employment disputes by the American Arbitration Association (available at
www.adr.org or upon request from Human Resources). Unless applicable law requires otherwise, the arbitration will take place in New York
City, New York. The arbitrator shall permit adequate discovery and is empowered to award all remedies otherwise available in a court
of competent jurisdiction, and any judgment rendered by the arbitrator may be entered by any court of competent jurisdiction. The arbitrator
shall issue an award in writing and state the essential findings and conclusions on which the award is based. By signing this letter,
you and Volta are both waiving the right to a jury trial. Volta shall bear the costs of arbitration, including fees for the arbitrator
and forum, except that you shall be required to pay any filing fees, up to an amount that is equal to the filing fees you would have
been required to pay had you filed your complaint in a court of law. Each party shall separately pay its own respective attorney’s
fees and costs, unless otherwise provided by applicable law and awarded by the arbitrator. Should any provision of this Mutual Agreement
to Arbitrate be deemed unenforceable or invalid, such provision shall be severed and the remainder of this Mutual Agreement to Arbitrate
shall be enforceable to the fullest extent of the law. This Mutual Agreement to Arbitrate excludes claims or rights that, as a matter
of law, cannot be subject to arbitration. Either you or Volta may apply to any court of competent jurisdiction for a temporary restraining
order, a preliminary injunction, or other interim or conservatory relief.

 

		9.	Complete Agreement. This letter, including the Employee
Confidential Information and Inventions Assignment Agreement, constitutes the entire agreement between you and Volta relating to this
subject matter, and supersedes all prior or contemporaneous agreements, whether oral or written, express or implied, on this subject.
This letter may not be modified or amended except by a specific, written agreement signed by you and the Chairperson of the Board (or
another representative of the Board, as the Board may determine).

 

To indicate your acceptance of Volta’s offer on the terms
and conditions set forth in this letter, please sign and date this letter in the space provided below and return it to us no later than
August 2, 2022.

 

[Signature Page Follows]

 

    3

     

    

 

We hope your employment with the Company will prove mutually
rewarding, and we look forward to having you join us. If you have any questions, please feel free to contact me.

 

Sincerely,

 

	/s/ Kathy Savitt	 
	Kathy Savitt	 
	Director and Chairperson of the Board of Directors

 

     

     

    

 

*               *               *

 

I have read this offer letter in its entirety, understand
and agree to accept the terms and conditions of employment stated above. I understand and agree that my employment with the Company is
at-will.

 

	Vincent T. Cubbage	 
	/s/ Vincent T. Cubbage	 
	SignatureDocument

Exhibit 10.1

LCI INDUSTRIES
2018 OMNIBUS INCENTIVE PLAN
Restricted Stock Unit Award Agreement
    LCI Industries (the “Company”), pursuant to its 2018 Omnibus Incentive Plan (the “Plan”), hereby grants an award of Restricted Stock Units to you, the Participant named below.  The terms and conditions of this Award are set forth in this Restricted Stock Unit Award Agreement (the “Agreement”), consisting of this cover page and the Terms and Conditions on the following pages, and in the Plan document, a copy of which has been provided to you.  Any capitalized term that is used but not defined in this Agreement shall have the meaning assigned to it in the Plan as it currently exists or as it is amended in the future.
												
	Name of Participant:    [[FIRSTNAME]] [[LASTNAME]]

	Number of Restricted Stock Units:   [[SHARESGRANTED]]	Grant Date:        [[GRANTDATE]]	
	Vesting Schedule:	
	Scheduled Vesting Dates
03/01/2023
03/01/2024
03/01/2025
	Number of Restricted Stock Units that Vest 
33.33%
33.33%
33.33%
	

By signing below or otherwise evidencing your acceptance of this Agreement in a manner approved by the Company, you agree to all of the terms and conditions contained in this Agreement and in the Plan document.  You acknowledge that you have received and reviewed these documents.  With respect to this Award, if there is any conflict between the provisions of this Agreement and any other agreement between you and the Company (including any employment agreement), the provisions of this Agreement will govern.  
PARTICIPANT:    LCI INDUSTRIES: 
[[SIGNATURE]]        By: _______________________________ 
[[SIGNATURE_DATE]]                                     Title:  _____________________________

			
	US.137065342.05

LCI INDUSTRIES
2018 Omnibus Incentive Plan
Restricted Stock Unit Award Agreement

Terms and Conditions

1.    Grant of Restricted Stock Units.  The Company hereby confirms the grant to you, as of the Grant Date and subject to the terms and conditions of this Agreement and the Plan, of the number of Restricted Stock Units specified on the cover page of this Agreement (the “Units”).  Each Unit represents the right to receive one Share of the Company’s common stock.  Prior to their settlement or forfeiture in accordance with the terms of this Agreement, the Units granted to you will be credited to an account in your name maintained by the Company.  This account shall be unfunded and maintained for book-keeping purposes only, with the Units simply representing an unfunded and unsecured contingent obligation of the Company.  

2.    Restrictions Applicable to Units.  Neither this Award nor the Units subject to this Award may be sold, assigned, transferred, exchanged or encumbered, voluntarily or involuntarily, other than a transfer upon your death in accordance with your will, by the laws of descent and distribution or pursuant to a beneficiary designation submitted in accordance with Section 6(d) of the Plan.  Following any such transfer, this Award shall continue to be subject to the same terms and conditions that were applicable to this Award immediately prior to its transfer.  Any attempted transfer in violation of this Section 2 shall be void and without effect.  The Units and your right to receive Shares in settlement of the Units under this Agreement shall be subject to forfeiture as provided in Section 5 until satisfaction of the vesting conditions set forth in Section 4.

3.    No Shareholder Rights.  The Units subject to this Award do not entitle you to any rights of a holder of the Company’s common stock.  You will not have any of the rights of a shareholder of the Company in connection with the grant of Units subject to this Agreement unless and until Shares are issued to you upon settlement of the Units as provided in Section 6.  
4.    Vesting of Units.  For purposes of this Agreement, “Vesting Date” means any date, including the Scheduled Vesting Dates specified in the Vesting Schedule on the cover page of this Agreement, on which Units subject to this Agreement vest as provided in this Section 4.  Notwithstanding the vesting and subsequent settlement of this Award, it shall remain subject to the provisions of Section 9 of this Agreement.

(a)Scheduled Vesting.  If you remain a Service Provider continuously from the Grant Date specified on the cover page of this Agreement, then the Units will vest in the amounts and on the Scheduled Vesting Dates specified in the Vesting Schedule.  

(b)Accelerated or Continued Vesting.  The vesting of outstanding Units will be accelerated or continued under the circumstances provided below:

(1)Death or Disability.  If your Service terminates prior to the final Scheduled Vesting Date due to your death or Disability, then all of the unvested Units shall vest as of such termination date.  

(2)Retirement.  If your Service terminates prior to the final Scheduled Vesting Date due to your Approved Retirement (as defined in Section 10 below), then all of the unvested Units shall vest as of such termination date, except that no unvested Units shall vest pursuant to this Section 4(b)(2) if less than one year has elapsed from the Grant Date to the date of termination of Service.

(3)Termination without Cause or for Good Reason.  If your Service terminates prior to the final Scheduled Vesting Date due to your termination by the Company without Cause, or is 

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terminated by you for Good Reason (as defined in Section 10 below) (excluding any such termination or resignation in connection with a Change in Control as described in Section 4(b)(4) below), then all of the unvested Units shall vest as of such termination date, except that no unvested Units shall vest pursuant to this Section 4(b)(3) if less than one year has elapsed from the Grant Date to the date of termination of Service.

(4)Change in Control.  If a Change in Control occurs while you continue to be a Service Provider and prior to the final Scheduled Vesting Date, the following provisions shall apply:

(i)If, within twenty-four (24) months after a Change in Control (A) described in paragraphs (1) or (2) of Section 2(g) of the Plan or (B) that constitutes a Corporate Transaction as defined in paragraph (3) of Section 2(g) of the Plan and in connection with which the surviving or successor entity (or its Parent) has continued, assumed or replaced this Award, you experience an involuntary termination of Service for reasons other than Cause or you terminate your Service for Good Reason, then all unvested Units shall immediately vest in full as of such termination date.

(ii)If this Award is not continued, assumed or replaced in connection with a Change in Control that constitutes a Corporate Transaction, then all unvested Units shall vest in full immediately prior to the effective time of the Corporate Transaction.  

(iii)For purposes of this Section 4(b)(4), this Award will be considered assumed or replaced under the circumstances specified in Section 12(b)(1) of the Plan.

5.    Effect of Termination of Service.  Except as otherwise provided in accordance with Section 4(b) above, if you cease to be a Service Provider, you will forfeit all unvested Units.  

6.    Settlement of Units.  Subject to Section 9 below, after any Units vest pursuant to Section 4, the Company shall, as soon as practicable (but no later than the 15th day of the third calendar month following the Vesting Date), cause to be issued and delivered to you (or to your personal representative or your designated beneficiary or estate in the event of your death, as applicable) one Share in payment and settlement of each vested Unit.  Delivery of the Shares shall be effected by the issuance of a stock certificate to you, by an appropriate entry in the stock register maintained by the Company’s transfer agent with a notice of issuance provided to you, or by the electronic delivery of the Shares to a brokerage account, and shall be subject to the tax withholding provisions of Section 8 and compliance with all applicable legal requirements as provided in Section 17(c) of the Plan, and shall be in complete satisfaction and settlement of such vested Units.  The Company will pay any original issue or transfer taxes with respect to the issue and transfer of Shares to you pursuant to this Agreement, and all fees and expenses incurred by it in connection therewith.  If the Units that vest include a fractional Unit, the Company shall round the number of vested Units to the nearest whole Unit prior to issuance of Shares as provided herein.  

7.    Dividend Equivalents.  If the Company pays cash dividends on its Shares while any Units subject to this Agreement are outstanding, then on each dividend payment date a dividend equivalent dollar amount equal to the number of Units credited to your account pursuant to this Agreement as of the dividend record date times the dollar amount of the cash dividend per Share shall be deemed reinvested in additional Units as of the dividend payment date and such additional Units shall be credited to your account.  The number of additional Units so credited shall be determined based on the Fair Market Value of a Share on the applicable dividend payment date.  Any additional Units so credited will be subject to the same terms and conditions, including the timing of vesting and settlement, applicable to the underlying Units to which the dividend equivalents relate.

8.    Tax Consequences and Withholding.  No Shares will be delivered to you in settlement of vested Units unless you have made arrangements acceptable to the Company for payment of any federal, state, local or foreign withholding taxes that may be due as a result of the delivery of the Shares.  You hereby authorize the Company (or any Affiliate) to withhold from payroll or other amounts payable to you any sums required to satisfy such withholding tax obligations, and otherwise agree to satisfy such 

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obligations in accordance with the provisions of Section 14 of the Plan.  You may elect to satisfy such withholding tax obligations by having the Company withhold a number of Shares that would otherwise be issued to you in settlement of the Units and that have a Fair Market Value equal to the amount of such withholding tax obligations by notifying the Company of such election.
9.    Forfeiture of Award and Compensation Recovery.
(a)    Financial Restatements.  In the event of a restatement of the Company’s financial statements, the Committee shall have the right to review this Award, the amount, payment or vesting of which was based on an entry in the financial statements that is the subject of the restatement. If the Committee determines, based on the results of the restatement, that a lesser amount or portion of this Award should have been paid or vested, it may (i) cancel all or any portion of this Award and (ii) require you or any other person to whom any payment has been made or shares or other property have been transferred in connection with this Award to forfeit and pay over to the Company, on demand, all or any portion of the value realized (whether or not taxable) on the vesting or payment of this Award. 
(b)    Forfeiture Conditions.  Notwithstanding anything to the contrary in this Agreement, (i) if your Service is terminated for Cause, (ii) if the Committee determines that the payment of the Award was based on an incorrect determination that financial or other criteria were met, (iii) if you breach any of the covenants or provisions described in Section 9(c) below unless compliance with the applicable portion of such covenants has been waived in writing by the Committee in its discretion, or (iv) if you breach any other agreement between you and the Company, including, without limitation, any employment agreement, then, in the discretion of the Committee: (A) any unsettled portion of this Award may be reduced, cancelled or forfeited, and (B) any settled portion of this Award may be rescinded and recovered within one (1) year after the Company becomes aware of such activity, conduct or event.  The Company shall notify you in writing of any such reduction, cancellation, forfeiture, rescission or recovery. Immediately after receiving such notice, you shall forfeit this Award as well as the right to receive Shares that have not yet been issued pursuant to Section 6 to the extent indicated therein.  If the written notice mandates the rescission or recovery of any settled portion of this Award, then within ten (10) days of the date of such notice, you are required to (y) return to the Company the number of Shares that you received upon settlement of this Award which have not been sold and (z) pay to the Company in cash an amount equal to the Fair Market Value of such Shares as of the respective settlement dates of the underlying Units (with respect to Shares received hereunder that you previously sold). The Company also shall be entitled to set-off against the amount of any such gain any amount owed to you by the Company.
(c)    Restrictive Covenants.  

(1)    Non-Disclosure and Return of Confidential Information.  You have or will be given access to and provided trade secrets, confidential and proprietary information, and other non-public information and data of or about the Company (and its Affiliates) and its business (“Confidential Information”) in the course of your Service which is of unique value to the Company. Examples of Confidential Information include, without limitation, hard copy or electronically stored information, documents or records including any sensitive, confidential, proprietary, or trade secret information related to: confidential business or manufacturing processes; research and development information; inventions, improvements and designs; new product or marketing plans; business strategies and plans; merger and acquisition targets; financial and pricing information; computer programs, source codes, models and databases; analytical models; human resources strategies; the skills and compensation of the Company’s (and its Affiliates’) employees, contractors, and any other service providers of the Company (or its Affiliates); customer lists and information; information received from or about third parties that the Company is obligated to keep confidential; supplier and vendor lists; the existence or content of any business discussions, negotiations, or agreements between the Company (or any of its Affiliates) and any Customer or Restricted Prospective Customer, or any other third party; and other information which is not generally available to the public. You agree not to disclose, publish or use Confidential Information, either during or after your Service is terminated, except (i) as necessary to perform your duties during your term of Service, (ii) as the Company may consent in writing, (iii) as required by law or judicial process, provided you (unless prohibited by 

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applicable law) promptly notify the Company in writing of any subpoena or other judicial request for disclosure involving Confidential Information or trade secrets, and reasonably cooperate with any effort by the Company to obtain a protective order preserving the confidentiality of the Confidential Information or trade secrets, or (iv) in connection with reporting possible violations of law or regulations to any governmental agency or from making other disclosures protected under any applicable whistleblower laws. The confidentiality obligations set forth herein shall continue indefinitely, for so long as the Confidential Information remains confidential (and you understand that you will not be relieved of your obligations if the Confidential Information loses its confidential nature because of a breach of any of your obligations to the Company or its Affiliates). If this Agreement is enforced by a court applying the law of a jurisdiction where a time frame is required for a non-disclosure provision to be enforceable with respect to information that does not rise to the level of a trade secret, then your obligations with respect to such information will be in effect during your term of Service and for three (3) years thereafter. You further agree to return any and all Confidential Information, whether in hard or electronic format, regardless of the location on which such information may reside, no later than three (3) business days following the termination of your Service or at any other time at the Company’s request.  You understand that access or use of the Company’s electronic databases, computer network and electronically stored information is for the Company’s benefit only and that any use of the Company’s electronic databases, computer network or electronically stored information or removal or use of information from the Company’s electronic databases, computer network or other electronically stored information for any other purpose is unauthorized or prohibited. Notwithstanding anything to the contrary herein or in any policy of the Company, you may not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that is made (A) in confidence to a federal, state or local government official, either directly or indirectly, or to an attorney if such disclosure is made solely for the purpose of reporting or investigating a suspected violation of law or for pursuing an anti-retaliation lawsuit; or (B) in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal and you do not disclose the trade secret except pursuant to a court order.  In the event a disclosure is made, and you file a lawsuit against the Company alleging that the Company retaliated against you because of your disclosure, you may disclose the relevant trade secret or confidential information to your attorney and may use the same in the court proceeding only if (x) you ensure that any court filing that includes the trade secret or confidential information at issue is made under seal; and (y) you do not otherwise disclose the trade secret or confidential information except as required by court order.

(2)    No Solicitation of or Competitive Business with Customers.  During the Restricted Period, you shall not, directly or indirectly, (i) provide, sell, market, attempt to provide, sell or market, or assist any person or entity in the provision, sale or marketing of any Competitive Product to any Customer with respect to whom, at any time during the twenty-four (24) months immediately preceding the termination of your Service, you sold, provided, or assisted in or supervised the sale or provision of, any products or services on behalf of the Company (or an Affiliate), you designed, developed or manufactured, or assisted in or supervised the design, development or manufacture of any product on behalf of the Company (or an Affiliate), you had any business contact on behalf of the Company (or an Affiliate), you had any relationship, business development, sales, service or account responsibility (including, without limitation, any supervisory or managerial responsibility) on behalf of the Company (or an Affiliate), or you had access to, or gained knowledge of, any Confidential Information concerning the Company’s (or an Affiliate’s) business with such Customer, or (ii) otherwise solicit or communicate with any such Customer for the purpose of selling or providing any Competitive Product.  For avoidance of doubt, the foregoing covenant prohibits, among other things, you from being employed or engaged by or providing Competitive Services to any Customer in any manner in which you will be developing, producing, providing, or managing the development, production or provision of, any Competitive Product to or for the benefit of such Customer if such Competitive Product displaces, diminishes the need for, or serves as a substitute for, any products that the Company or any of its Affiliates provided, or could provide, to such Customer.

(3)    No Solicitation of or Competitive Business with Restricted Prospective Customers. During the Restricted Period, you shall not, directly or indirectly, (i) provide, sell, 

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market, attempt to provide, sell or market, or assist any person or entity in the provision, sale or marketing of any Competitive Product to any Restricted Prospective Customer or (ii) otherwise solicit or communicate with any Restricted Prospective Customer for the purpose of selling or providing any Competitive Product.  For avoidance of doubt, the foregoing covenant prohibits, among other things, you from being employed or engaged by or providing Competitive Services to any Restricted Prospective Customer in any manner in which you will be developing, producing, providing, or managing the development, production or provision of, any Competitive Product to or for the benefit of the Restricted Prospective Customer if such Competitive Product displaces, diminishes the need for, or serves as a substitute for, any product that the Company or any of its Affiliates provided, or could provide, to such Restricted Prospective Customer.

(4)    No Hire.  During the Restricted Period, you shall not, directly or indirectly: (i) solicit, recruit, hire, employ, engage the services of or attempt to hire, employ or engage the services of any individual who is an employee or contractor of the Company or an Affiliate (or who was, within the six (6) months prior to the termination of your Service, an employee or contractor of the Company or an Affiliate); (ii) assist any person or entity in the recruitment, hiring or engagement of any individual who is an employee or contractor of the Company or an Affiliate (or who was, within the six (6) months prior to the termination of your Service, an employee or contractor of the Company or an Affiliate); (iii) urge, induce or seek to induce any individual to terminate his/her employment or engagement with the Company or an Affiliate; or (iv) advise, suggest to or recommend to any Competitor or other entity with which you are employed or otherwise associated that it employ, engage the services of or seek to employ or engage the services of any individual who is an employee or contractor of the Company or an Affiliate (or who was, within the six (6) months prior to the termination of your Service, an employee or contractor of the Company or an Affiliate).

(5)    No Competition.  During the Restricted Period, you shall not, directly or indirectly, on your own behalf or on behalf of any person or entity other than the Company or an Affiliate, including as a proprietor, principal, agent, partner, officer, director, shareholder, employee, member of any association, consultant or otherwise, perform Competitive Services in the Restricted Area for or on behalf of any Competitor, with respect to Competitive Products.

(6)    Non-Disparagement.  During your term of Service and afterward, you shall not, directly or indirectly, criticize, make any negative comments about or otherwise disparage the Company, its Affiliates or any persons or entities associated with any of them, whether orally, in writing, electronically or otherwise, directly or by implication, to any person or entity, including Company customers or agents; provided, however, that nothing in this Section 9(c)(6) is intended to prohibit you from (i) making any disclosures or statements in good faith in the normal course of performing your duties or responsibilities for the Company during your Service; (ii) making any disclosures as may be required or compelled by law or legal process; or (iii) making any disclosures or providing any information to a governmental agency or entity, including without limitation in connection with a complaint by you against the Company or the investigation of any complaint against the Company.

(7)    No Injurious, Detrimental or Prejudicial Conduct.  Except as otherwise permitted in Section 9(c)(6), during your term of Service or afterward, you shall not, directly or indirectly, engage in any conduct or inaction, or omit to take any action, which conduct, action or inaction is reasonably determined by the Committee to be injurious, detrimental or prejudicial to the business or reputation of the Company or its Affiliates or any interest of the Company and its Affiliates, including, but not limited to, a violation of any material Company or Affiliate policy or a violation of any federal or state securities laws, rules or regulations or of any rule or other requirement of any securities exchanges on which the Company’s Shares may, at the time, be listed. 

(d)    Compensation Recovery Policy. In addition to those provisions in Sections 9(a), 9(b) and 9(c), to the extent that this Award and any compensation associated therewith is considered “incentive-based compensation” within the meaning and subject to the requirements of Section 10D of the Exchange Act, this Award and any compensation associated therewith shall be subject to potential forfeiture or 

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recovery by the Company in accordance with any compensation recovery policy adopted by the Board or the Committee in response to the requirements of Section 10D of the Exchange Act and any implementing rules and regulations thereunder, or as otherwise required by law.  This Agreement may be unilaterally amended by the Committee to comply with any such compensation recovery policy.  

(e)    Remedies.  The parties expressly agree that the forfeiture and repayment obligations contained in this Section 9 are in addition to, and not in lieu of, any and all other legal and/or equitable remedies, including without limitation, injunctive relief, that may be available to the Company in connection with your breach of Section 9(c), and the Company reserves it rights to pursue all such remedies.  You acknowledge and agree that your breach of Section 9(c) will cause irreparable injury to the Company and that money damages will not be adequate relief for such injury and, accordingly, you agree that the Company shall be entitled to obtain equitable relief, including, but not limited to, temporary restraining orders, preliminary injunctions and/or permanent injunctions, without having to post any bond or other security, to restrain or enjoin such breach, in addition to all other remedies which may be available to the Company.

10.    Definitions.  
(a)    Affiliate.  “Affiliate” means any entity that directly, or indirectly through one or more intermediaries, is owned or controlled by, owns or controls, or is under common ownership or control with, the Company; for this purpose, “control” of an entity means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of the entity, whether through the ownership of voting securities, by contract or otherwise.
(b)    Approved Retirement.  “Approved Retirement” means any voluntary termination of employment on or after the date on which the sum of your age and years of employment with the Company or its Affiliates equals at least sixty-five (65) with the approval of the Committee, or any other termination of employment that the Committee determines to qualify as an Approved Retirement.
(c)    Competitive Products. “Competitive Products” are products and/or services that are the same as or substantially similar to (in terms of type, brand or purpose) the products and/or services offered by the Company or its Affiliates in its business, including but not limited to products: (i) regarding which you performed any services for the Company or its Affiliates at any time during the twenty-four (24) month period immediately preceding the termination of your Service; and/or (ii) about which you had access to any Confidential Information at any time during the twenty-four (24) month period immediately preceding the termination of your Service. 
(d)    Competitive Services. “Competitive Services” means services that are the same as or substantially similar to (in terms of type or purpose) the services you performed for or on behalf of the Company or its Affiliates at any time during the twenty-four (24) month period immediately preceding the termination of your Service.
(e)    Competitor. “Competitor” means any individual or entity (including a Customer) that engages in the business (in whole or in any part) of the Company or its Affiliates, and which manufactures, markets, sells or distributes products and/or services that are the same as or substantially similar to (in terms of type, brand or purpose) the products and/or services manufactured, marketed, sold or distributed by the Company or its Affiliates in its business, as of the date on which your Service terminates.
(f)    Customer. “Customer” means any individual or entity as to which, with or to whom, within the twenty-four (24) month period immediately preceding the termination of your Service: (i) any products or services were provided by the Company, or (ii) any contract was entered into with the Company for the provision of any products or services.
(g)    Good Reason.  “Good Reason” means the existence of one or more of the following conditions without your written consent, so long as you provided written notice to the Company of the existence of the condition not later than 90 days after the initial existence of the condition, the condition has not been remedied by the Company within 30 days after its receipt of such notice and you terminate 

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your Service no later than 130 days after the condition’s initial occurrence: (i) a material reduction in your base salary other than in connection with a general reduction affecting a group of employees; (ii) a relocation of your primary work location by more than 100 miles; or (iii) any material reduction in your authority, duties or responsibilities.
(h)    Restricted Area. Because of the nature of the Company’s business and the nature of your duties and responsibilities for the Company, your obligations under Section 9(c)(5) shall apply in each of the following geographic areas, which shall collectively be defined as the “Restricted Area”: (i) the State of Indiana; (ii) Elkhart County, Indiana, and the contiguous counties thereto (including the contiguous counties in the State of Michigan); and (iii) the area(s) within a 100 mile radius of any office, facility and/or manufacturing operation of the Company (or of any Affiliate) to which you were assigned to work or report, at which you worked or performed services or for which you were responsible, in whole or in part, for managing for or on behalf of the Company (or any Affiliate) as of the termination of your Service or at any time during the twenty-four (24) months immediately preceding the termination of your Service.
(i)    Restricted Period.  “Restricted Period” means during the term of your Service and for the twelve (12) month period immediately after the termination of your Service, regardless whether such termination was voluntary or involuntary.
(j)    Restricted Prospective Customer.  “Restricted Prospective Customer” means: (i) any person or entity whom you, on behalf of the Company (or any Affiliate), solicited, assisted in the solicitation of, or engaged in marketing, sales or business development efforts towards, at any time during the twelve (12) months immediately preceding the termination of your Service; and/or (ii) any person or entity to whom the Company (or any Affiliate) submitted a quotation, bid or sales proposal at any time during the twelve (12) months immediately preceding the termination of your Service if you were involved in or aware of such quotation, bid or sales proposal during your Service.
11.    Notices.  Every notice or other communication relating to this Agreement shall be in writing and shall be mailed to or delivered (including electronically) to the party for whom it is intended at such address as may from time to time be designated by it in a notice mailed or delivered to the other party as herein provided.  Unless and until some other address is so designated, all notices or communications by you to the Company shall be mailed or delivered to the Company, to the attention of its Vice President- Chief Legal Officer at the Company’s offices located at 4100 Edison Lakes Pkwy, Suite 210, Mishawaka, IN 46545, legal@lci1.com.  All notices or communications by the Company to you may be given to you personally or may be mailed or, if you are still a Service Provider, emailed to you at the address indicated in the Company’s records as your most recent mailing or email address.

12.    Additional Provisions.
(a)    Standing.  The Company’s Affiliates are intended third-party beneficiaries of this Agreement and this Agreement may be enforced by the Company and/or its Affiliates, either singularly or jointly.

(b)    No Right to Continued Service.  This Agreement does not give you a right to continued Service with the Company or any Affiliate, and the Company or any such Affiliate may terminate your Service at any time and otherwise deal with you without regard to the effect it may have upon you under this Agreement.

(c)    Governing Plan Document.  This Agreement and the Award are subject to all the provisions of the Plan, and to all interpretations, rules and regulations which may, from time to time, be adopted and promulgated by the Committee pursuant to the Plan.  If there is any conflict between the provisions of this Agreement and the Plan, the provisions of the Plan will govern.

(d)    Governing Law; Venue; Waiver of Jury Trial.  To the extent not pre-empted by federal law, this Agreement, the parties’ performance hereunder, and the relationship between them shall be governed by, construed, and enforced in accordance with the laws of the State of Delaware, without giving effect to the choice of law principles thereof.  Each party hereto agrees that any legal action arising 

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out of or relating to this Agreement shall be commenced and maintained exclusively before any state or federal court having appropriate subject matter jurisdiction located in St. Joseph County, Indiana.  Further, each party hereto irrevocably consents and submits to the personal jurisdiction and venue of such courts located in St. Joseph County, Indiana, and waives any right to challenge or otherwise object to personal jurisdiction or venue (including, without limitation, any objection based on inconvenient forum grounds) in any action commenced or maintained in such courts located in St. Joseph County, Indiana; provided, however, the foregoing shall not affect any applicable right a party may have to remove a legal action to federal court.  EACH PARTY HERETO VOLUNTARILY AND IRREVOCABLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION ARISING OUT OF OR RELATING TO THIS AGREEMENT. 

(e)    Severability.  The provisions of this Agreement shall be severable and if any provision of this Agreement is found by any court to be unenforceable, in whole or in part, the remainder of this Agreement shall nevertheless be enforceable and binding on the parties.  You also agree that any trier of fact may modify any invalid, overbroad or unenforceable provision of this Agreement so that such provision, as modified, is valid and enforceable under applicable law.

(f)    Independent Covenants.  To the extent you are or become subject to any other agreements with the Company or any Affiliate that contain restrictive covenants, including, but not limited to, any employment agreement, non-competition agreement, non-disclosure agreement or non-solicitation agreement, the restrictive covenants set forth in Section 9 of this Agreement are independent of, supplement and do not supersede such other agreements.

(g)    Binding Effect.  This Agreement will be binding in all respects on your heirs, representatives, successors and assigns, and on the successors and assigns of the Company.

(h)    Section 409A of the Code.  The award of Units as provided in this Agreement and any issuance of Shares or payment pursuant to this Agreement are intended to be exempt from Section 409A of the Code under the short-term deferral exception specified in Treas. Reg. § 1.409A-l(b)(4).

(i)    Electronic Delivery and Acceptance.  The Company may deliver any documents related to this Award by electronic means and request your acceptance of this Agreement by electronic means.  You hereby consent to receive all applicable documentation by electronic delivery and to participate in the Plan through an on-line (and/or voice activated) system established and maintained by the Company or the Company’s third-party stock plan administrator.

By signing the cover page of this Agreement or otherwise accepting this Agreement in a manner approved by the Company, you agree to all the terms and conditions described above and in the Plan document.

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BENEFICIARY DESIGNATION

I, [[FIRSTNAME]] [[LASTNAME]], designate the Beneficiary(ies) below to exercise any Award or receive a payment under an Award that is exercisable or payable on or after my death, subject to the terms and conditions of the applicable Award agreement and the LCI Industries 2018 Omnibus Incentive Plan.  This beneficiary designation shall remain in place until such time as I submit a new beneficiary designation form to LCI Industries.  This beneficiary designation shall also apply to all prior awards granted under LCI Industries’ previous equity plans.
PRIMARY BENEFICIARY(IES)

																					
	

Name
	Percentage of
   Benefits  
	

Relationship
	Social Security
   Number   

	_____________________
_____________________
	_______
_______
	__________
__________
	________________
________________

CONTINGENT BENEFICIARIES  (Will receive indicated portions of my Award(s) referred to herein if 
                                                                                   no Primary Beneficiaries survive me)
                                                                          

												
	

Name
	Percentage of
   Benefits  
	

Relationship
	Social Security
   Number   

	_____________________	_______	__________	________________
	_____________________	_______	__________	________________
	_____________________	_______	__________	________________

                                                
    Signature of Participant                        Date

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