Document:

seas-ex101_177.htm

Exhibit 10.1

Execution Version

INCREMENTAL AMENDMENT

This INCREMENTAL AMENDMENT AND LENDER JOINDER AGREEMENT (this “Agreement”), dated as of June 9, 2022, is entered into by and among GOLDMAN SACHS LENDING PARTNERS LLC, as an Incremental Revolving Facility Lender (in such capacity, the “Upsized Lender”), SEAWORLD PARKS & ENTERTAINMENT, Inc., a Delaware corporation (the “Borrower”), and JPMORGAN CHASE bank, N.A., as Administrative Agent (in such capacity, together with its successors and assigns, “Administrative Agent”).  Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Credit Agreement (as defined below).

RECITALS 

WHEREAS, the Borrower and Administrative Agent are party to that certain Amended and Restated Credit Agreement, dated as of August 25, 2021 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Borrower, the other Loan Parties from time to time party thereto, the Lenders from time to time party thereto, the Issuing Banks from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent and Collateral Agent;

WHEREAS, pursuant to Section 2.21 of the Credit Agreement, the Borrower may request Incremental Revolving Facility Commitments;

 

WHEREAS, pursuant to Section 2.21(b) of the Credit Agreement, the Borrower (a) has requested Incremental Revolving Facility Commitments in the amount of $5,000,000, and (b) has requested that the entire amount of such Incremental Revolving Facility Commitments be allocated to the Upsized Lender; 

 

WHEREAS, pursuant to Section 2.21(f) of the Credit Agreement, this Agreement may, without the consent of any Agents or Lenders, amend the Credit Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Borrower, to effect the provisions of Section 2.21 of the Credit Agreement;

 

WHEREAS, the Upsized Lender has agreed to provide such Incremental Revolving Facility Commitments on the Effective Date (as defined below) on the terms and conditions set forth herein and to become a Lender under the Credit Agreement in connection therewith.

NOW, THEREFORE, IN CONSIDERATION of the premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

AGREEMENT

	
 
	
1.
	
Commitment Increase and Amendments.

 

(a)Pursuant to Section 2.21 of the Credit Agreement, Borrower hereby (i) requests Incremental Revolving Facility Commitments in the amount of $5,000,000, and (ii) requests that the entire amount of such Incremental Revolving Facility Commitments be allocated to the Upsized Lender. 

 

(b)The Borrower represents and warrants to each of the Upsized Lender and the Administrative Agent that the representations and warranties of the Borrower and its Restricted Subsidiaries set forth in Article III of the Credit Agreement are true and correct in all material respects (or, if qualified as to “materiality” or “Material Adverse Effect”, in all respects) on and as of the Effective Date, except in the case of any such representation and warranty that expressly relates to an earlier date, in which case such 

 

 

representation and warranty is true and correct in all material respects (or, if qualified by materiality or “Material Adverse Effect”, in all respects) as of such earlier date.

 

(c)At the time of and immediately after giving effect to this Agreement, no Default or Event of Default exists.

(d)Except as expressly set forth herein, this Agreement shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of the Lenders, Administrative Agent or any other Agent under the Credit Agreement or any other Loan Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect.  Each Loan Party reaffirms its obligations under the Loan Documents to which it is party and reaffirms and confirms the validity of its guarantees pursuant to the Guaranty and its grant of Liens to secure the Obligations pursuant to the Loan Documents.  Except as expressly set forth herein, nothing herein shall be deemed to entitle any Loan Party to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document in similar or different circumstances.  After the Effective Date, any reference to the Credit Agreement shall mean the Credit Agreement as modified hereby.  This Agreement shall constitute a “Loan Document” for all purposes of the Credit Agreement and the other Loan Documents.  Each of the Loan Parties hereby (i) consents to this Agreement, (ii) confirms that all obligations of such Loan Party under the Loan Documents to which such Loan Party is a party shall continue to apply and (iii) reaffirms its prior grant and validity of the security interests pursuant to any Loan Document and agrees that all such security interests shall secure the Obligations (including without limitation, the Incremental Revolving Facility Commitments (and any Loans made thereunder), the Swingline Exposure and the Revolving L/C Exposure).  Neither the modification of the Credit Agreement effected pursuant to this Agreement nor the execution, delivery, performance or effectiveness of this Agreement impairs the validity, effectiveness or priority of the Liens granted pursuant to any Loan Document, and after giving effect to this Agreement, such Liens continue unimpaired with the same priority to secure repayment of all Obligations (including without limitation, the Incremental Revolving Facility Commitments (and any Loans made thereunder), the Swingline Exposure and the Revolving L/C Exposure), whether heretofore or hereafter incurred.

 

(e)This Agreement shall not constitute a novation of the Credit Agreement or any of the Loan Documents.

 

(f)The Incremental Revolving Facility Commitments established hereunder shall have terms identical to, and shall be an increase of, the Revolving Facility Commitments existing prior to the Effective Date.

 

(g)The Borrower shall use the proceeds of the Upsized Incremental Revolving Loans as set forth in Section 5.08 of the Credit Agreement.  

 

2.Upsized Lender Joinder.  

 

(a)The Upsized Lender hereby agrees to provide Incremental Revolving Facility Commitments in the amount of $5,000,000.

 

(b)The Upsized Lender (i) represents and warrants that (A) it has full power and authority, and has taken all action necessary, to execute and deliver this Agreement and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (B) it satisfies the requirements, if any, specified in the Credit Agreement that are required to be satisfied by it in order to 

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become a Lender, (C) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and shall have the obligations of a Lender thereunder, (D) it has received a copy of the Credit Agreement, together with copies of the most recent financial statements delivered pursuant to Section 5.04 thereof, as applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Agreement on the basis of which it has made such analysis and decision independently and without reliance on the Administrative Agent or any other Lender, and (E) attached to this Agreement is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by the Upsized Lender; and (ii) agrees that (A) it will, independently and without reliance on the Administrative Agent or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (B) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender.

 

(c)As of the Effective Date, the Upsized Lender shall (i) be a party to the Credit Agreement and the other Loan Documents, (ii) be a “Lender”, a “Revolving Facility Lender” and an “Incremental Revolving Facility Lender” for all purposes of the Credit Agreement and the other Loan Documents and (iii) to the extent of the interest acquired by the Upsized Lender pursuant to this Agreement, have the rights and obligations of a Lender, a Revolving Facility Lender and an Incremental Revolving Facility Lender under the Credit Agreement and the other Loan Documents.

3.Conditions to Effectiveness.  This Agreement shall not be effective until the date (the “Effective Date”) on which each of the following conditions shall have been satisfied (or waived), as determined by Administrative Agent:

(a)The Administrative Agent shall have received executed counterparts of this Agreement from each of the intended parties hereto;

(b)On the Effective Date, the representations and warranties set forth in Section 1(b) above shall be true and correct on the basis set forth therein; 

(c)At the time of and immediately after giving effect to this Agreement, no Default or Event of Default shall exist; and

(d)All fees required to be paid on the Effective Date to the Upsized Lender as separately agreed between the Borrower and the Upsized Lender and all reasonable out-of-pocket expenses of the Upsized Lender required to be paid on the Effective Date and the Administrative Agent (including the reasonable and documented expenses of Cahill Gordon & Reindel LLP, as counsel to the Administrative Agent), solely with respect to expenses to the extent invoiced at least three (3) Business Days prior to the Effective Date, shall, on the Effective Date, have been paid.  

4.Miscellaneous. 

(a)This Agreement may be executed in two or more counterparts, each of which shall constitute an original but all of which, when taken together, shall constitute but one contract, and shall become effective as provided in Section 9.03 of the Credit Agreement.  Delivery of an executed counterpart to this Agreement by electronic transmission pursuant to procedures approved by the Administrative Agent shall be effective as delivery of a manually signed original. 

(b)THIS AGREEMENT AND THE OTHER AMENDMENT DOCUMENTS AND ANY claims, controversy, dispute or cause of action (whether in contract or tort or otherwise) based upon, arising out of or relating to this aGREEMENT OR ANY OTHER AMENDMENT DOCUMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY SHALL (EXCEPT, AS TO ANY OTHER AMENDMENT DOCUMENT, AS EXPRESSLY SET FORTH THEREIN) be construed in accordance with and governed by the law of the State of New York. 

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(c)Section and Subsection headings in this Agreement are included herein for convenience of reference only and shall not constitute a part of this Agreement for any other purpose or be given any substantive effect.

(d)As of the Effective Date, Schedule 2.01 to the Credit Agreement will be deemed to be amended and restated in its entirety in the form of Exhibit A attached hereto. 

 

(e)Each of the parties hereto hereby irrevocably and unconditionally:

(i)submits, for itself and its property, to the exclusive jurisdiction of the Supreme Court of the State of New York sitting in New York County and of the United States District Court of the Southern District of New York sitting in New York County, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement or any other Loan Document, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State or, to the extent permitted by law, in such Federal court;

(ii)agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law;

(iii)agrees that nothing herein shall affect any right that the Administrative Agent or any Lender may otherwise have to bring any action or proceeding relating to this Agreement or any other Loan Document against any Loan Party or its properties in the courts of any competent jurisdiction;

(iv)irrevocably and unconditionally waives, to the fullest extent they may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or any other Loan Document in any court referred to in paragraph (e)(i) of this Section 4.  Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court;

(v)consents to service of process in the manner provided for notices in Section 9.01 of the Credit Agreement; and 

(vi)agrees that nothing herein will affect the right of any party to this Agreement to serve process in any other manner permitted by law.

 

[remainder of page intentionally left blank] 

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IN WITNESS WHEREOF, the parties hereto have caused this Incremental Amendment and Lender Joinder Agreement to be executed by their respective officers, as of the first date written above.

 

 

GOLDMAN SACHS LENDING PARTNERS LLC, as the Upsized Lender

 

By:/s/ Rebecca Kratz
Name: Rebecca Kratz  

Title: Authorized Signatory  

 

 

 

 

SEAWORLD PARKS & ENTERTAINMENT, INC., as the Borrower

 

By:/s/ Elizabeth Gulacsy
Name: Elizabeth Gulacsy  

	
 
	

	
Title: Chief Financial Officer, Treasurer and Interim Chief Accounting Officer  

SEAWORLD ENTERTAINMENT, INC., as a Guarantor

 

By:/s/ Elizabeth Gulacsy
Name: Elizabeth Gulacsy  

	
 
	

	
Title: Chief Financial Officer, Treasurer and Interim Chief Accounting Officer  

SEAWORLD PARKS & ENTERTAINMENT LLC, as a Guarantor

 

By:/s/ Elizabeth Gulacsy
Name: Elizabeth Gulacsy  

	
 
	

	
Title: Chief Financial Officer, Treasurer and Interim Chief Accounting Officer  

SEA WORLD OF TEXAS LLC, as a Guarantor

 

By:/s/ Elizabeth Gulacsy
Name: Elizabeth Gulacsy  

	
 
	

	
Title: Chief Financial Officer, Treasurer and Interim Chief Accounting Officer  

SEA WORLD LLC, as a Guarantor

 

By:/s/ Elizabeth Gulacsy
Name: Elizabeth Gulacsy  

	
 
	

	
Title: Chief Financial Officer, Treasurer and Interim Chief Accounting Officer  

SEAWORLD PARKS & ENTERTAINMENT INTERNATIONAL, INC., as a Guarantor

 

By:/s/ Elizabeth Gulacsy
Name: Elizabeth Gulacsy  

	
 
	

	
Title: Chief Financial Officer, Treasurer and Interim Chief Accounting Officer  

 

 

LANGHORNE FOOD SERVICES LLC, as a Guarantor

 

By:/s/ Elizabeth Gulacsy
Name: Elizabeth Gulacsy  

	
 
	

	
Title: Chief Financial Officer, Treasurer and Interim Chief Accounting Officer  

SEA WORLD OF FLORIDA LLC, as a Guarantor

 

By:/s/ Elizabeth Gulacsy
Name: Elizabeth Gulacsy  

	
 
	

	
Title: Chief Financial Officer, Treasurer and Interim Chief Accounting Officer  

SWBG ORLANDO CORPORATE OPERATIONS GROUP, LLC, as a Guarantor

 

By:/s/ Elizabeth Gulacsy
Name: Elizabeth Gulacsy  

	
 
	

	
Title: Chief Financial Officer, Treasurer and Interim Chief Accounting Officer  

SEA HOLDINGS I, LLC, as a Guarantor

 

By:/s/ Elizabeth Gulacsy
Name: Elizabeth Gulacsy  

	
 
	

	
Title: Chief Financial Officer, Treasurer and Interim Chief Accounting Officer  

SEAWORLD OF TEXAS HOLDINGS, LLC, as a Guarantor

 

By:/s/ Richard Pretlow, III
Name: Richard Pretlow, III 

Title: Manager  

 

By:/s/ Byron Surrett           
Name: Byron Surrett 

Title: Manager  

 

 

 

 

SEAWORLD OF TEXAS MANAGEMENT, LLC, as a Guarantor

 

By:/s/ Richard Pretlow, III
Name: Richard Pretlow, III 

Title: Manager  

 

By:/s/ Byron Surrett           
Name: Byron Surrett 

Title: Manager  

SEAWORLD OF TEXAS BEVERAGE, LLC, as a Guarantor

 

By:/s/ Richard Pretlow, III
Name: Richard Pretlow, III 

Title: Manager  

 

By:/s/ Byron Surrett           
Name: Byron Surrett 

Title: Manager  

 

 

 

JPMORGAN CHASE BANK, N.A., as Administrative Agent

 

By:/s/ Laura Woodward
Name: Laura Woodward 

Title: Vice President 

 

 

 

 

Exhibit A

Schedule 2.01 Commitments 

 

Revolving Facility Commitments

			
	
Lender
	
Revolving Facility Commitment
	
Applicable Percentage 

	
JPMorgan Chase Bank, N.A.
	
$80,000,000.00
	
20.51%

	
Deutsche Bank AG New York Branch
	
$72,500,000.00
	
18.59%

	
Goldman Sachs Bank USA
	
$67,500,000.00
	
17.31%

	
Citizens Bank, N.A. 
	
$50,000,000.00
	
12.82%

	
Fifth Third Bank
	
$50,000,000.00
	
12.82%

	
Barclays Bank PLC
	
$45,000,000.00
	
11.54%

	
Citibank, N.A.
	
$20,000,000.00
	
5.13%

	
Goldman Sachs Lending Partners LLC
	
$5,000,000.00
	
1.28%

	
Total
	
$390,000,000.00
	
100%seas-ex102_178.htm

Exhibit 10.2

May 11, 2022

Via Email Address On File

Elizabeth C. Gulacsy

 

Dear Elizabeth:

The purpose of this letter agreement (this “Agreement”) is to formalize our agreement arising from your decision to begin a process to transition from SeaWorld Entertainment, Inc. (the “Company” or “SeaWorld”).  You have agreed to assist the Company as it searches for a successor Chief Financial Officer and Treasurer (the “Successor”), provide an orderly transition of your responsibilities, and remain available for consultation with the Company.  To that end, this Agreement sets for the terms with respect to this transition and your consultation with the Company. 

The date of your actual separation from the Company will be referred to as the “Separation Date”.  The period between the date that you sign this Agreement and the Separation Date will be referred to as the “Transition Period”.

Transition Period Definition and Compensation

During the Transition Period, you agree to help with the transition of your duties and responsibilities to the Successor and perform such other related duties.  You agree that you shall step down from your position as Chief Financial Officer and Treasurer (and any other officer position held by you at the Company) effective immediately prior to the date the Company appoints your Successor, or December 31, 2022, whichever date is earlier (the resulting date to be referred to as the “Triggering Date”).  Following the Triggering Date, you will remain employed by the Company for a minimum period of three months or the next fiscal quarter end filing date (whichever is later), and you will continue to assist in transitioning your duties and responsibilities to your Successor and/or assist the Company in its search for your Successor, as the case may be.  The date that is three months following the Triggering Date or the next fiscal quarter end filing date following the Triggering Date (whichever is later) will be the “Separation Date”.

During the Transition Period, you will (1) continue to be paid by the Company at your current base salary rate in effect as of the date hereof, (2) continue to participate in the Company’s long term and short term incentive programs and Company benefit plans to the same extent you currently participate, and (3) continue to vest in any outstanding equity awards granted under the SeaWorld Entertainment, Inc. 2017 Omnibus Incentive Plan (the “Plan”) that are scheduled to vest during the Transition Period.

 

 

 

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Consulting Period – Definition and Compensation

You have agreed, that you will remain available for consultation with the Company from the Separation Date through March 31, 2023 or such later date as may be mutually agreed (such date, the “Consulting Period End Date” and such period, the “Consulting Period”).

During the Consulting Period, you will (1) continue to be paid by the Company at the monthly equivalent of your current base salary rate, and (2) continue to vest in any outstanding equity awards granted under the Plan that are scheduled to vest during the Consulting Period. 

Termination Benefits

During the Transition Period and the Consulting Period, as applicable, if the Company terminates your employment (or services) without “Cause,” as that term is defined in Section 2(h) of the Plan, you will, subject to the execution and non-revocation of a release of claims, (1) continue to be paid by the Company at your current base salary rate in effect as of the date hereof through the Consulting Period End Date and (2) vest with respect to any outstanding time-vesting equity awards and continue to be eligible to vest with respect to any outstanding performance-vesting equity awards granted under the Plan that are scheduled to vest prior to the Consulting Period End Date in the ordinary course.  In the event the Company terminates your employment without Cause during the Transition Period you will not be eligible for any additional severance payments and the Company may elect to terminate the Consulting Period.  

Except as set forth above, you will not be eligible for any severance payments.  Commencing on the Separation Date, you will be eligible to continue your health insurance benefits at your expense under COBRA subject to your valid election and compliance with Section 4980B of the Internal Revenue Code and the regulations thereunder. 

Consideration

You shall continue to be eligible to vest in any equity award granted to you under the Plan that is otherwise scheduled to vest during the Transition Period and the Consulting Period, as applicable (the “Subject Awards”), unless your employment with the Company is terminated prior to the Consulting Period End Date by you for any reason or by the Company for Cause.  

The foregoing agreement is in consideration of and contingent upon your timely execution and non-revocation of both this Agreement (which contains a general release of any and all known claims) and a bring-down release on or following the Separation Date (as set forth below). If you fail to timely execute (or you revoke) either release or if you violate any restrictive covenants to which you may be subject, you shall not be eligible for any such vesting of the Subject Awards upon termination and you shall be required to repay to the Company the value of any Subject Awards that vest following the date hereof (whether or not accelerated). 

Notwithstanding any other provision of this Agreement to the contrary, you may resign from the Company at any time upon 30 days advance written notice.

 

 

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General Release and Waiver of Claims 

Except for the obligations of SeaWorld as stated in this Agreement, you agree, of your own free will, to voluntarily waive, release, and forever discharge SeaWorld, its parents, affiliates, subsidiaries, and related business entities, and all of their respective past and present shareholders, officers, directors, owners, partners, attorneys, authorized representatives, employees, agents, and their respective predecessors, successors, and assigns (collectively, the “Releases”) from all actions, lawsuits, proceedings, causes of action(s), claims, causes, debts, charges, complaints, judgments, damages, contracts and promises of any kind, whether known or unknown, which you, your heirs, executors, administrators, successors and assigns may have from all time in the past through the date of execution of this Agreement, including, but not limited to all matters or claims relating to or arising out of your employment with SeaWorld or the termination of your employment with SeaWorld, whether for tort (including negligence), breach of express or implied contract, intentional infliction of emotional distress, unpaid wages or other compensation, wrongful termination, defamation, libel or slander, or under any federal, state, or local law, as amended, pertaining to discrimination based on age, race, sex, national origin, handicap, religion, disability, sexual orientation, gender identity or expression, or any other category protected under federal, state, or local law. This release of claims includes, but is not limited to, all claims arising under Title VII of the Civil Rights Act of 1964, the Employee Retirement Income Security Act of 1974, the Age Discrimination in Employment Act of 1967, the Older Workers’ Benefit Protection Act of 1990, the Americans With Disabilities Act, as amended, the Family Medical Leave Act, the Worker Adjustment and Retraining Notification Act, the Fair Credit Reporting Act, the Federal False Claims Act, the Occupational Safety and Health Act, the Equal Pay Act, the Florida Civil Rights Act, Florida’s private sector and public sector Whistle-Blower Acts, Florida’s Workers Compensation Retaliation law, the Florida AIDS Act, Florida Wage Discrimination Law, the Florida False Claims Act, Florida Wage Payment Laws, the Florida Law Prohibiting Discrimination on the Basis of Sickle Cell Trait, and the Florida Constitution, all as amended, and other federal, state, and local laws, statutes or ordinances; federal and state constitutions; the common law; and any other purported restriction on an employer’s right to terminate the employment of employees. The release contained herein is intended to be a general release of any and all claims to the fullest extent permissible by law. You do not waive or release any claims which arise after the signing of this Agreement. You acknowledge there might have been claims about which you did not know and you further expressly waive and assume the risk of any and all claims for damages which may exist as of the date of execution of this Agreement but which you do not know of or suspect to exist, whether through ignorance, oversight, error, negligence, or otherwise, whether of you or any other person, and which, if known, would materially affect your decision to enter into this Agreement. Even knowing that, you agree to execute this Agreement.  

You expressly represent and acknowledge that (i) the Company has advised you to consult with legal counsel, (ii) that you have had twenty-one (21) days to review this Agreement, (iii) you have the right to revoke this Agreement for a period of seven days following your execution of this Agreement (the “revocation period”), by giving written notice of such revocation to the Company’s Chief Legal Officer, General Counsel and Corporate Secretary on or before 5:00 p.m. Eastern time on the last day of the revocation period and (iv) provided you not revoked this Agreement during the revocation period, this Agreement shall be effective on the eighth day following your execution of this Agreement.

 

 

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General Release and Waiver of Claims upon the Separation Date

You agree that on or within the 21 days immediately following the Separation Date, you will timely execute (and not revoke) a general release and waiver of claims in favor of the Company for any known or unknown claims that exist through the date of execution in the same form as the general release and waiver of claims (the “Bring Down Release”) above (a copy of the Bring Down Release is attached as Exhibit A). The Bring Down Release shall be effective on the 8th day following your execution of such release provided you do not revoke such release. 

If you have any questions regarding this Agreement, please contact Tony Taylor. If not, please sign below to indicate your acceptance of this Agreement, including the general release and waiver of claims, and return it to me by [DATE] (which is at least 21 days following the date in which you first received the general release and waiver of claims). 

 

SeaWorld Entertainment, Inc. 

Sincerely, 

/s/ G. Anthony (Tony) Taylor___    _____

G. Anthony (Tony) Taylor

Chief Legal Officer, General Counsel and Corporate Secretary

 

Acknowledged and Agreed: 

/s/ Elizabeth C. Gulacsy__________5/11/2022________________

Elizabeth C. GulacsyDate

 

 

 

 

 

 

EXHIBIT A

Bring-Down

General Release and Waiver of Claims

You, hereby acknowledge and certify that you entered into a letter agreement containing a general release and waiver of claims with SeaWorld Entertainment, Inc. (the “Company” or “SeaWorld”) dated [DATE] (the “Agreement”). Capitalized but undefined terms used herein shall have the meaning set forth in the Agreement. In consideration for the benefits described in the Agreement, you hereby agree as follows:

Except for the obligations of SeaWorld as stated in the Agreement, you agree, of your own free will, to voluntarily waive, release, and forever discharge SeaWorld, its parents, affiliates, subsidiaries, and related business entities, and all of their respective past and present shareholders, officers, directors, owners, partners, attorneys, authorized representatives, employees, agents, and their respective predecessors, successors, and assigns (collectively, the “Releases”) from all actions, lawsuits, proceedings, causes of action(s), claims, causes, debts, charges, complaints, judgments, damages, contracts and promises of any kind, whether known or unknown, which you, your heirs, executors, administrators, successors and assigns may have from all time in the past through the date of execution of this General Release and Waiver of Claims (“Release”), including, but not limited to all matters or claims relating to or arising out of your employment with SeaWorld or the termination of your employment with SeaWorld, whether for tort (including negligence), breach of express or implied contract, intentional infliction of emotional distress, unpaid wages or other compensation, wrongful termination, defamation, libel or slander, or under any federal, state, or local law, as amended, pertaining to discrimination based on age, race, sex, national origin, handicap, religion, disability, sexual orientation, gender identity or expression, or any other category protected under federal, state, or local law. This release of claims includes, but is not limited to, all claims arising under Title VII of the Civil Rights Act of 1964, the Employee Retirement Income Security Act of 1974, the Age Discrimination in Employment Act of 1967 (the “ADEA”), the Older Workers’ Benefit Protection Act of 1990, the Americans With Disabilities Act, as amended, the Family Medical Leave Act, the Worker Adjustment and Retraining Notification Act, the Fair Credit Reporting Act, the Federal False Claims Act, the Occupational Safety and Health Act, the Equal Pay Act, the Florida Civil Rights Act, Florida’s private sector and public sector Whistle-Blower Acts, Florida’s Workers Compensation Retaliation law, the Florida AIDS Act, Florida Wage Discrimination Law, the Florida False Claims Act, Florida Wage Payment Laws, the Florida Law Prohibiting Discrimination on the Basis of Sickle Cell Trait, and the Florida Constitution, all as amended, and other federal, state, and local laws, statutes or ordinances; federal and state constitutions; the common law; and any other purported restriction on an employer’s right to terminate the employment of employees. The release contained herein is intended to be a general release of any and all claims to the fullest extent permissible by law. You do not waive or release any claims which arise after the signing of this Release. You acknowledge there might have been claims about which you did not know and you further expressly waive and assume the risk of any and all claims for damages which may exist as of the date of execution of this Release but which you do not know of or suspect to exist, whether through ignorance, oversight, error, negligence, or otherwise, whether of you or any other person, and which, if known, would materially affect your decision to enter into this Release. Even knowing that, you agree to 

 

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execute this Release.  Provided you do not revoke this Release, this release shall be effective on the 8th day following your execution of this Release.

You represent that you have not filed or permitted to be filed against any of the Releases, individually or collectively, any lawsuit, complaint, charge, proceeding, or the like, before any local, state, or federal agency, court, or other body (each, a “Proceeding”), and you covenant and agrees that you will not do so at any time hereafter with respect to the subject matter of the Release and claims released pursuant to the Release (including, without limitation, any claims relating to the termination of your employment), except as may be necessary to enforce the Agreement, to seek a determination of the validity of the waiver of your rights under the ADEA, or to initiate or participate in an investigation or proceeding conducted by the Equal Employment Opportunity Commission. 

You expressly represent and acknowledge that (i) the Company has advised you to consult with legal counsel, (ii) that you have had twenty-one (21) days to review the Release, (iii) the Release cannot be signed prior to the Separation Date, (iv) you have the right to revoke the Release for a period of seven days following your execution of the Release (the “Revocation Period”), by giving written notice of such revocation to the Company’s Chief Legal Officer, General Counsel and Corporate Secretary on or before 5:00 p.m. Eastern time on the last day of the Revocation Period and (v) provided you not revoked the Release during the Revocation Period, the Release shall be effective on the eighth day following your execution of this Release.

Nothing in this Release shall prohibit or impede you from communicating, cooperating or filing a complaint on possible violations of U.S. federal, state or local law or regulation to or with any governmental agency or regulatory authority (collectively, a “Governmental Entity”), including, but not limited to, the SEC, EEOC, OSHA, or the NLRB, or from making other disclosures to any Governmental Entity that are protected under the whistleblower provisions of U.S. federal, state or local law or regulation, provided that in each case such communications and disclosures are consistent with applicable law.  You understand and acknowledge that (a) an individual shall not be held criminally or civilly liable under any U.S. federal or state trade secret law for the disclosure of a trade secret that is made (i) in confidence to a U.S. federal, state, or local government official or to an attorney solely for the purpose of reporting or investigating a suspected violation of law, or (ii) in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal, and (b) an individual who files a lawsuit for retaliation by an employer for reporting a suspected violation of law may disclose the trade secret to the attorney of the individual and use the trade secret information in the court proceeding, if the individual files any document containing the trade secret under seal; and does not disclose the trade secret, except pursuant to court order. Moreover, you shall not be required to give prior notice to (or get prior authorization from) SeaWorld regarding any such communication or disclosure.  Except as otherwise provided in this paragraph or under applicable law, under no circumstance are you authorized to disclose any information covered by the Company’s or its affiliates’ attorney-client privilege or attorney work product or the Company’s trade secrets without prior written consent of the Company’s Chief Executive Officer.

 

 

 

 

 

Acknowledged and agreed:

EXECUTIVE

 

________________________________________

Elizabeth Gulacsy

 

________________________________________

Date

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00347-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00347-of-00352.parquet"}]]