SEC Contract Filing

Filing Date: 2016-11-02

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>amendedandrestatedemployme.htm
<DESCRIPTION>AMENDED AND RESTATED EMPLOYMENT AGREEMENT
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<div><a name="s8f35e626b30b48a48d94df15393c6803"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;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%;padding-bottom:12px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">AMENDED AND RESTATED EMPLOYMENT AGREEMENT</font></div><div style="line-height:120%;padding-bottom:12px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the "Agreement") is entered into and effective as of January 1, 2013 at 12:01 a.m., between Kforce Inc., a Florida corporation (the "Employer"), and Kye L. Mitchell (the "Executive").</font></div><div style="line-height:120%;padding-bottom:12px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">BACKGROUND</font></div><div style="line-height:120%;padding-bottom:12px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Employer desires to continue to obtain the benefit of services by the Executive, and the Executive desires to continue to render services to the Employer. </font></div><div style="line-height:120%;padding-bottom:12px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Compensation Committee of the Board of Directors of the Employer has determined that it is in the Employer's best interest and that of its shareholders to recognize the substantial contribution that the Executive has made and is expected to make in the future to the Employer's business and to continue to retain Executive&#8217;s services in the future.</font></div><div style="line-height:120%;padding-bottom:12px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Employer and the Executive desire to set forth in this Agreement the terms and conditions of the Executive's employment with the Employer. Accordingly, in consideration of the mutual covenants and representations set forth below, the sufficiency of which is hereby acknowledged, the Employer and the Executive agree as follows:</font></div><div style="line-height:120%;padding-bottom:12px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TERMS</font></div><div style="line-height:120%;padding-left:0px;padding-bottom:12px;text-align:left;text-indent:30px;"><font style="padding-bottom:12px;text-align:left;font-family:inherit;font-size:10pt;padding-right:18px;">1.</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">EMPLOYMENT.</font></div><div style="line-height:120%;padding-bottom:12px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Executive agrees to continue employment with the Employer (and one or more of the Employer's subsidiary corporations if and when assigned by Employer) to render the services specified in this Agreement upon the terms and conditions and for the compensation provided in this Agreement, and Employer agrees to so employ Executive. All compensation paid to the Executive by the Employer or any subsidiary of the Employer, and all benefits and perquisites received by the Executive from the Employer or any of its subsidiaries, will be aggregated in determining whether the Executive has received the compensation and benefits provided for in this Agreement.</font></div><div style="line-height:120%;padding-left:0px;padding-bottom:12px;text-align:left;text-indent:30px;"><font style="padding-bottom:12px;text-align:left;font-family:inherit;font-size:10pt;padding-right:18px;">2.</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">TERM OF EMPLOYMENT.</font></div><div style="line-height:120%;padding-left:0px;padding-bottom:12px;text-align:left;text-indent:48px;"><font style="padding-bottom:12px;text-align:left;font-family:inherit;font-size:10pt;padding-right:48px;">(a)</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">End of Term</font><font style="font-family:inherit;font-size:10pt;">. The term of the employment of the Executive under this Agreement will be for the period commencing on the date of this Agreement and ending on the earliest of: </font></div><div style="line-height:120%;padding-left:0px;padding-bottom:12px;text-align:left;text-indent:96px;"><font style="padding-bottom:12px;text-align:left;font-family:inherit;font-size:10pt;padding-right:48px;">(i)</font><font style="font-family:inherit;font-size:10pt;">one year after notice of termination of this Agreement is given by the Employer to the Executive;</font></div><div style="line-height:120%;padding-left:0px;padding-bottom:12px;text-align:left;text-indent:96px;"><font style="padding-bottom:12px;text-align:left;font-family:inherit;font-size:10pt;padding-right:48px;">(ii)</font><font style="font-family:inherit;font-size:10pt;">the date of termination of the Executive&#8217;s employment by the Executive at Executive&#8217;s election and without &#8220;Good Reason&#8221; (as defined in Section&#160;9 of this Agreement);</font></div><div style="line-height:120%;padding-left:0px;padding-bottom:12px;text-align:left;te