SEC Contract Filing

Filing Date: 2015-05-08

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>exhibit101-q12015.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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 <title>Exhibit 10.1 - Q1 2015</title>
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<a name="s73ac0623062c43b59c0b889693f805bb"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit 10.1</font></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">EMPLOYMENT AGREEMENT</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">THIS EMPLOYMENT AGREEMENT (&#8220;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Agreemen</font><font style="font-family:inherit;font-size:10pt;">t&#8221;) is executed this 24th day of March 2015, by and between Calumet GP, LLC (&#8220;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Company</font><font style="font-family:inherit;font-size:10pt;">&#8221;) and William H. Hatch (&#8220;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Executive</font><font style="font-family:inherit;font-size:10pt;">&#8221;) (jointly, the &#8220;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Parties</font><font style="font-family:inherit;font-size:10pt;">&#8221;).</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">WHEREAS, the Company and Executive desire to enter into an at-will employment relationship through which Executive will have access to certain confidential and proprietary information regarding the business of the Company and have access to the Company&#8217;s customer base.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">WHEREAS the Company desires to protect its confidential and proprietary information, customer base, and goodwill.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NOW, THEREFORE, in consideration of Executive&#8217;s at-will employment, the Company&#8217;s willingness to disclose such confidential and proprietary information and give Executive access to its customer base, and the promises and obligations contained herein, the receipt and sufficiency of which is hereby acknowledged, the Parties hereby agree as follows:</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;padding-left:0px;text-align:justify;text-indent:48px;"><font style="text-align:justify;font-family:inherit;font-size:10pt;padding-right:48px;">1.</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Contingencies</font><font style="font-family:inherit;font-size:10pt;">. Executive&#8217;s employment with the Company is contingent on the Company receiving satisfactory results from a background screen on Executive, a negative drug test, and proof of Executive&#8217;s eligibility to work in the United States (&#8220;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Contingencies</font><font style="font-family:inherit;font-size:10pt;">&#8221;). </font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:0px;text-align:justify;text-indent:48px;"><font style="text-align:justify;font-family:inherit;font-size:10pt;padding-right:48px;">2.</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Position</font><font style="font-family:inherit;font-size:10pt;">. Subject to the Contingencies, the Company wishes to employ Executive, and Executive accepts such employment, as Interim Chief Executive Officer. This position is located in Indianapolis, Indiana. If the Company hires a full-time Chief Executive Officer (&#8220;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">CEO</font><font style="font-family:inherit;font-size:10pt;">&#8221;) before the end of the Term (as defined in Section 3 below), Executive shall assume the role of Chief Operating Officer under the same terms contained herein and assist with the transition of the CEO duties and responsibilities during the remainder of the Term. Executive specifically acknowledges and agrees that the employment relationship is