Document:

Exhibit 10.1

 

	 	222 N. Pacific Coast Highway 

El Segundo, CA 90245

 

 

 

Andreas Wagner

Chief Human Resources Officer

 

August 05, 2020

 

Dan Boehle

 

 

 

Via e-mail to daniel.boehle@rocket.com

 

 

 

Dear Dan:

 

Offer and Position: We are pleased to extend an offer of full-time employment
as the Chief Financial Officer (CFO) for Aerojet Rocketdyne Holdings, Inc. (“Aerojet Rocketdyne”).

 

Duties: In your role as CFO, you will report to Eileen Drake, CEO and President.
Your unique skills and experience will be an asset to Aerojet Rocketdyne, and we believe that our Company offers you a challenging
and rewarding opportunity. You agree to devote your full business time, attention and best efforts to the performance of your duties
and to the furtherance of the Company's interests.

 

Location: Your principal place of employment will be at the corporate headquarters
located in our El Segundo office, subject to business travel as needed to properly fulfil your employment duties and responsibilities.

 

Start Date: Subject to the satisfaction of all of the conditions described
in this letter, your start date is scheduled for August 10, 2020.

 

Base Salary: Your starting salary will be $475,000.00, annualized, which
will be paid bi-weekly in accordance with the standard payroll practices of the Company and subject to all withholdings and deductions
as required by law. This position is classified as Exempt.

 

Variable Compensation Eligibility – Short Term and Long Term Plans: As
part of your annual total cash compensation, you will be eligible to participate in the Aerojet Rocketdyne Short-Term Incentive
Plan (STIP). Your target annual incentive is 75% of your base salary. Incentive plan payments are contingent upon the financial
performance of Aerojet Rocketdyne Holdings Inc. and Aerojet Rocketdyne, Inc., and your incentive may vary above or below the target
level. For fiscal year 2020, your STIP bonus payout will be pro-rated between your current and your new STIP target. Your eligibility
to participate in the program is at the discretion of management. Aerojet Rocketdyne may modify, change or cancel any part of the
STIP, and may adjust any individual payment during the performance period or at any time prior to the payment date.

 

    	 	Page
                                         1
                                         of 3	 

    Daniel Boehle
August 05, 2020

    

 

You will continue to be eligible to participate in Aerojet Rocketdyne’s Long-Term Incentive
Plan (LTIP) under the 2020 Equity and Performance Incentive Plan as approved by the Board of Directors. Long term incentive grants
are normally made during Aerojet Rocketdyne Holdings Inc.’s first fiscal quarter. Your long-term incentive target for 2021
is 200% of your base salary.

 

One-Time Equity Sign-on Grant

You will be granted restricted stock units representing shares of Aerojet Rocketdyne common
stock with a grant value of approximately $250,000.00 effective as of the date your employment begins (the “grant date”).
This equity grant will vest ratably in tranches of one-third on the anniversary of the grant date over three years.

 

Benefits and Vacation: You will continue to be eligible to participate in the
employee benefits plans and programs generally available to the Company's employees, including group medical, dental, vision, life
insurance, and short and long term disability benefits, subject to the terms and conditions of such plans and programs. You will
continue to accrue paid vacation time at the rate of four weeks (160 hours) per year.

 

Severance Eligibility with Change in Control: Although your employment is considered
at-will, the Company maintains a Change in Control Severance Policy for certain designated executive officers in connection with
a change in control as defined in the Policy. You will be designated as an Eligible Officer and therefore will be eligible as set
forth in the Executive Change in Control Severance Policy under the same terms currently in effect for other executive officers
of the Company. A copy of the Change in Control Severance Policy has been enclosed for your reference.

 

At-Will Employment: As an employee of Aerojet Rocketdyne, it is necessary that
you agree to conform to the rules and regulations of the Company. We also require you to acknowledge, by signing in the space provided
below, that your employment with Aerojet Rocketdyne is at-will. This means your employment can be terminated, with or without cause,
and with or without notice, at any time, at your option or at Aerojet Rocketdyne’s option. Although other terms and conditions
of employment may change, this at-will employment will remain in effect throughout your employment with the Company, unless it
is modified by an express written employment contract for a specified term which is signed by you and an officer of Aerojet Rocketdyne.
Your signature further indicates that you agree that this letter incorporates all of the elements of our employment offer, and
no agreement which is contrary to any of the matters stated in this offer letter shall be effective unless it is contained in a
specific, express written contract which is signed by an authorized officer of the Company and you.

 

Mutual Agreement to Arbitrate: We also require you to sign the enclosed copy
of our Mutual Agreement to Arbitrate claims, which provides an expedited, impartial dispute resolution procedure for any claims
that may arise during or following your employment with Aerojet Rocketdyne. By signing this offer and the Mutual Agreement to Arbitrate
claims, you are agreeing to have your claims ruled on by an impartial arbitrator and are waiving the right to a civil trial before
a judge or jury.

 

Other Offer Terms and Conditions: Aerojet Rocketdyne reserves the right to
revoke this offer at any time before employment begins.

 

This offer letter is intended to comply with Section 409A of the Internal Revenue Code ("Section
409A") or an exemption thereunder and shall be construed and administered in accordance with Section 409A.i

 

    	 	Page
                                         2 of 3	 

    Daniel Boehle
August 05, 2020

    

 

If you have any questions, please feel free to contact me at (310) 252-8132. Aerojet Rocketdyne
is an exciting place to work and an environment in which your contributions will be valued. We look forward to having you as part
of our team.

 

Please respond to our offer no later than August 06, 2020.

 

Sincerely,

 

/s/ Andreas Wagner

Andreas Wagner

Chief Human Resources Officer

 

OFFER ACCEPTANCE 

 

I have read and understood and I accept all the terms of the offer of employment as set
forth in the foregoing letter. I have not relied on any agreements or representations, express or implied, that are not set forth
expressly in the foregoing letter, and this letter supersedes all prior and contemporaneous understandings, agreements, representations
and warranties, both written and oral, with respect to the subject matter of this letter.

 

Dan Boehle

 

 

Signed /s/ Dan Boehle

 

 

Date 08/06/2020

 

___________________________

 

i Notwithstanding any other provision of
this offer letter, payments provided under this offer letter may only be made upon an event and in a manner that complies with
Section 409A or an applicable exemption. Any payments under this offer letter that may be excluded from Section 409A either as
separation pay due to an involuntary separation from service or as a short-term deferral shall be excluded from Section 409A to
the maximum extent possible. For purposes of Section 409A, each installment payment provided under this offer letter shall be treated
as a separate payment. Any payments to be made under this offer letter upon a termination of employment shall only be made upon
a "separation from service" under Section 409A. Notwithstanding the foregoing, the Company makes no representations that
the payments and benefits provided under this offer letter comply with Section 409A and in no event shall the Company be liable
for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by you on account of non-compliance
with Section 409A.

 

Notwithstanding any other provision of this offer letter, if any payment or benefit provided
to you in connection with termination of employment is determined to constitute "nonqualified deferred compensation"
within the meaning of Section 409A and you are determined to be a "specified employee" as defined in Section 409A(a)(2)(b)(i),
then such payment or benefit shall not be paid until the first payroll date to occur following the six-month anniversary of your
termination date (the "Specified Employee Payment Date") or, if earlier, on the date of your death. The aggregate of
any payments that would otherwise have been paid before the Specified Employee Payment Date and interest on such amounts calculated
based on the applicable federal rate published by the Internal Revenue Service for the month in which your separation from service
occurs shall be paid to you in a lump sum on the Specified Employee Payment Date and thereafter, any remaining payments shall be
paid without delay in accordance with their original schedule.

 

 

 

 

Page 3 of 3Exhibit 4.1

 

	
        NUMBER

        U-__________

         
	 	
         

         

         
	 	UNITS
	SEE REVERSE FOR

 CERTAIN

 DEFINITIONS	NORTHERN
    GENESIS ACQUISITION CORP.	 

 

CUSIP
66516T 203

 

UNITS CONSISTING OF
ONE SHARE OF COMMON STOCK AND

ONE-HALF OF ONE WARRANT

 

THIS CERTIFIES THAT
________________________________________________________________________________

is the owner of
_____________________________________________________________________________________ Units.

 

Each Unit (“Unit”)
consists of one (1) share of common stock, par value $0.0001 per share (“Common Stock”), of Northern
Genesis Acquisition Corp., a Delaware corporation (the “Company”), and one-half of one warrant
(“Warrant”). Each whole Warrant entitles the holder to purchase one share of Common Stock for $11.50 per
share (subject to adjustment). Each whole Warrant will become exercisable on the later of (i) 30 days after the
Company’s completion of an initial merger, capital stock exchange, asset acquisition, or other similar business
combination with one or more businesses or entities (a “Business Combination”) and (ii) 12 months from the
closing of the Company’s initial public offering (“IPO”), and will expire unless exercised before
5:00 p.m., New York City Time, on the fifth anniversary of the completion of an initial Business Combination, or earlier upon
redemption or liquidation. The Common Stock and Warrant(s) comprising the Unit(s) represented by this certificate are
not transferable separately until the 52nd day following the IPO, unless Raymond James & Associates, Inc. and
EarlyBirdCapital, Inc. informs the Company of their decision to allow earlier separate trading, except that in no event will
the Common Stock and Warrants be separately tradeable until the Company has filed an audited balance sheet reflecting the
Company’s receipt of the gross proceeds of its initial public offering and issued a press release announcing when such
separate trading will begin. The terms of the Warrants are governed by a Warrant Agreement, dated as of ___________, 2020,
between the Company and Continental Stock Transfer & Trust Company, as Warrant Agent, and are subject to the terms and
provisions contained therein, all of which terms and provisions the holder of this certificate consents to by acceptance
hereof. Copies of the Warrant Agreement are on file at the office of the Warrant Agent at 1 State Street, 30th
Floor, New York, New York 10004, and are available to any Warrant holder on written request and without cost.

 

This certificate is not valid unless
countersigned by the Transfer Agent and Registrar of the Company. Witness the facsimile seal of the Company and the facsimile signatures
of its duly authorized officers.

 

	By	 	 	 
	 	 	 	 
	 	  Chairman	 	  Secretary

 

     

     

    

 

Northern Genesis Acquisition Corp.

 

The Company will furnish without charge
to each shareholder who so requests, a statement of the powers, designations, preferences, and relative, participating, optional,
or other special rights of each class of stock or series thereof of the Company and the qualifications, limitations, or restrictions
of such preferences and/or rights.

 

The following abbreviations, when used
in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable
laws or regulations:

 

	 	TEN COM –	as tenants in common	UNIF GIFT MIN ACT - 	_________	Custodian	_________
	 	TEN ENT –	as tenants by the entireties	 	  (Cust)	 	   (Minor)
	 	JT TEN –	as joint tenants with right of survivorship	                   under Uniform Gifts to Minors
	 	 	and not as tenants in common	       Act ______________
	 	 	 	 	 		(State)

 

Additional abbreviations may also be used
though not in the above list.

  

For value received, ___________________________
hereby sell, assign, and transfer unto

 

	PLEASE INSERT SOCIAL SECURITY OR OTHER

IDENTIFYING NUMBER OF ASSIGNEE
 	 	 
	 

                                                                         
	 	 

 

 

 

(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS,
INCLUDING ZIP CODE, OF ASSIGNEE)

  

	 
	 	 
	 
	 	 
	 	Units

represented
by the within Certificate, and do hereby irrevocably constitute and appoint

 

	 	Attorney
	to transfer the said Units on the books of the within named Company with full power of substitution in the premises.

  

Dated                                              

	 	 	 
	 	 	 
	 	Notice:	The signature to this assignment must correspond with the name as written upon the face of the certificate in every particular, without alteration or enlargement or any change whatever.

 

	Signature(s) Guaranteed:	 
	 	 
	 	 
	THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15).	 

 

The holder(s) of this certificate shall
be entitled to receive a pro-rata portion of the funds from the trust account with respect to the common stock underlying
this certificate only in the event that (i) the Corporation is forced to liquidate because it does not consummate an initial
business combination within the period of time set forth in the Corporation’s Amended and Restated Certificate of
Incorporation, as the same may be amended from time to time (the “Charter”) or (ii) if the holder seeks to redeem his shares upon consummation of, or sell his shares in a tender offer in connection with, an initial business
combination or in connection with certain amendments to the Charter. In no other circumstances shall the holder(s) have any
right or interest of any kind in or to the trust account.

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