SEC Contract Filing

Filing Date: 2021-03-01

Document Content:
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">119 Standard Street </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">El
Segundo, CA 90245 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">February&nbsp;28, 2021 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>VIA
ELECTRONIC MAIL </U></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mark J. Nelson </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">[Address] </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Re:&nbsp;&nbsp;&nbsp;&nbsp;<U>Retirement</U> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear Mark:
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This letter agreement (this &#147;<U>Agreement</U>&#148;) sets forth the terms of your retirement from Beyond Meat, Inc. (&#147;<U>Beyond
Meat</U>&#148; or the &#147;<U>Company</U>&#148;). </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Retirement</U><U></U><U>&nbsp;&amp; Transition</U>. </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;<U>Retirement</U>. Your last day of employment with the Company will be May&nbsp;5, 2021, provided your employment
with the Company will continue at all times to remain &#147;at will,&#148; meaning that either you or the Company may terminate your employment at any time, and for any reason, with or without cause (your last actual day of employment with the
Company is referred to herein as your &#147;<U>Retirement Date</U>&#148;). Any contrary representations which may have been made to you are superseded by this Agreement. This is the full and complete agreement between you and the Company on this
term. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;<U>Resignation from Officer and Other Positions</U>. You hereby resign as the Company&#146;s Treasurer
and Chief Financial Officer, and from any and all other officer or other positions held by you with the Company or any of its affiliates, effective as of your Retirement Date, provided your resignation as the Company&#146;s Treasurer and/or Chief
Financial Officer shall be effective on any earlier date that the Company appoints another Treasurer or Chief Financial Officer, as applicable. You agree that, after your resignations are effective, you will have no authority to bind the Company or
any of its affiliates to any contractual obligations, whether written, oral or implied, and you shall not represent or purport to represent the Company or any of its affiliates in any manner whatsoever to any third party unless authorized to do so
in writing by the Company. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;<U>Transition Terms</U>. Between the date of this Agreement and the Retirement Date,
you will continue (i)&nbsp;as a full-time employee of the Company, fulfilling your regular work duties and transitioning your workload and projects to other Company personnel as requested by the Company, (ii)&nbsp;to be paid your current base
salary, and (iii)&nbsp;to be eligible for, and participate in, the Company&#146;s employee benefits programs and arrangements to the extent provided by the terms of the applicable plans and agreements (subject to any changes to the Company&#146;s
employee benefits programs and arrangements that the Company reserves the right to make at any time as it deems necessary or appropriate). </P>
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<TD VALIGN="top" NOWRAP ALIGN="right"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Mark&nbsp;J.&nbsp;Nelson</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">February&nbsp;28,&nbsp;2021</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Ti