SEC Contract Filing

Filing Date: 2024-03-01

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex101mcgonigleconsulting.htm
<DESCRIPTION>CONSULTING AGREEMENT RELATED TO DENNIS MCGONIGLE DATED FEBRUARY 29, 2024
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<DIV><FONT size="1" style="font-size:1pt;color:white">1 February 28, 2024 Dennis McGonigle [RESIDENCE ADDRESS OMITTED] Dear Dennis: As we have discussed, your long tenure with and significant contributions to SEI Investments Company and its affiliates (&#8220;SEI&#8221;) are greatly appreciated. You have deep and valued, long- standing relationships with colleagues, clients and board members. Notwithstanding the fact that you are ending your role as CFO effective the day upon which SEI files its Form 10-Q with the Securities &amp; Exchange Commission for the first quarter of fiscal 2024 and your employment on April 30, 2024, we would like to retain your services as an independent Consultant: 1. to be available during normal business hours and as reasonably requested to support the transition of your former role; 2. to serve on such Boards of Directors of SEI&#8217;s subsidiaries and its Funds as you and SEI may mutually agree; and 3. participate in such other special projects or advisory roles as the SEI&#8217;s Chief Executive Officer or its Board of Directors may designate (collectively, the &#8220;Services&#8221;); for an initial term of one year and automatic renewal terms of one-year thereafter until terminated (the &#8220;Term&#8221;). In order to memorialize our agreement, please review the terms of this letter agreement (this &#8220;Agreement&#8221;) and return a counter-signed copy to our General Counsel. Pursuant to the terms of this Agreement, effective on May 1, 2024, SEI Global Services, Inc. (&#8220;SGS&#8221;) hereby engages Dennis J. McGonigle (&#8220;Consultant&#8221;) during the Term to perform the Services. In consideration of Consultant&#8217;s availability for, and performance of, the Services, SGS shall pay Consultant the total amount of $25,000/month in consulting fees during the Term (the &#8220;Fee&#8221;), which amount shall be subject to change as may be mutually agreed if the scope of the Services materially changes. Such amount shall be payable on the day that the last payroll of the month is paid to employees in general (in each case, a &#8220;Payment Date&#8221;). Such payments will be conditioned upon Consultant continuing to provide Services during the Term and not being in breach of any obligations under this Agreement. In addition to the Fee, SGS shall: </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">2 1. provide Consultant with full healthcare coverage on the same basis as made available to SEI employees generally (or payment of comparable benefits through COBRA or gross up to the monthly fee for the cost of obtaining substantially similar personal insurance); 2. pay Consultant the amount of his 2024 Incentive Compensation that he would have been awarded for 2024 pro-rated based on time spent as an employee, such amount to be paid as and when 2024 Incentive Compensation awards are paid to US-based employees generally; and 3. ensure that Consultant&#8217;s current membership at Stonewall Country Club is either: a. to be permanently assigned to Consultant, who will be responsible for all dues and payments associated with membership; or b. maintained in Consultant&#8217;s name; in either event (3.a or b), Consultant shall assume and be responsible for all costs associated with such membership. SGS shall be responsible for any travel or other costs or expenses incurred in connection with the performance of the Services under this Agreement; provided, that any such costs or expenses are incurred properly at the direction or on behalf of SEI and approved. During the Term, all options to purchase and restricted stock units convertible into common shares of SEI Investments Company held by Consultant (&#8220;Consultant Equity&#8221;) will continue to exist and vest under the same terms and conditions at the time of grant. If the Agreement is terminated while any Consultant Equity is outstanding, then the term, vesting and exercise period, as applicable, of any then outstanding Consultant Equity will be extend for the shorter of (a) three years, and (b) the then remaining term of the relevant grant. The following terms and conditions shall apply to the parties&#8217; relationship: &#61623; Consultant shall perform the Services in a professional manner and consistent with industry standards. &#61623; Consultant shall be available during normal business hours to perform the Services as reasonably requested by SEI from time to time with reasonable notice; provided that such Services (excluding service on any board) shall not be more than 40 hours per month, in the aggregate, unless otherwise agreed. &#61623; Consultant will abide by all compliance policies and procedures applicable to the Services, as specified by SEI from time to time. &#61623; While at SEI&#8217;s facilities and/or in performing the Services, Consultant shall observe and follow all applicable policies of SEI relating to business and office conduct, health and safety, and use of SEI&#8217;s facilities, supplies, information technology, equipment, networks, and other resources. &#61623; Consultant shall be supplied with a Company issued laptop, on which Consultant will perform work related to company compliant with Company use policies. The