SEC Contract Filing

Filing Date: 2020-10-22

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex101nilesagreement.htm
<DESCRIPTION>EX-10.1
<TEXT>
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<title>Document</title></head><body><div id="i967585dcbe8a436f96eddc8c50c32314_1"></div><div style="min-height:42.75pt;width:100%;"><div><font><br></font></div></div><div style="text-align:right;-sec-extract:summary;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;">Exhibit 10.1</font></div><div style="text-align:center;"><font><br></font></div><div style="text-align:center;"><font><br></font></div><div style="text-align:center;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration: underline;">EMPLOYMENT AGREEMENT</font></div><div style="text-align:center;"><font><br></font></div><div style="text-indent:36pt;text-align:justify;"><font style="background-color:rgb(255,255,255, 0.0);color:#1d1d1d;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;">This Employment Agreement (the </font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;">&#8220;</font><font style="background-color:rgb(255,255,255, 0.0);color:#313131;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;">Agreement</font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;">&#8221;</font><font style="background-color:rgb(255,255,255, 0.0);color:#313131;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;">), </font><font style="background-color:rgb(255,255,255, 0.0);color:#1d1d1d;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;">dated as of October 17, 2020, is entered into by and between Monitronics International, Inc., a Delaware corporation (the </font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;">&#8220;</font><font style="background-color:rgb(255,255,255, 0.0);color:#1d1d1d;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;">Company</font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;">&#8221;</font><font style="background-color:rgb(255,255,255, 0.0);color:#1d1d1d;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;">), and William E. Niles (</font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;">&#8220;</font><font style="background-color:rgb(255,255,255, 0.0);color:#1d1d1d;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;">Executive</font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;">&#8221;</font><font style="background-color:rgb(255,255,255, 0.0);color:#1d1d1d;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;">).</font></div><div style="text-align:center;"><font><br></font></div><div style="text-align:center;"><font style="background-color:rgb(255,255,255, 0.0);color:#1d1d1d;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration: underline;">INTRODUCTION</font></div><div style="text-align:center;"><font><br></font></div><div style="text-indent:36pt;text-align:justify;"><font style="background-color:rgb(255,255,255, 0.0);color:#1d1d1d;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%;">The </font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%;">Company, through its subsidiaries (&#8220;Affiliates&#8221;), is engaged primarily in the business of providing security alarm monitoring and related services to residential and business subscribers throughout the United States and parts of Canada.</font></div><div style="text-indent:36pt;text-align:justify;"><font><br></font></div><div style="text-indent:36pt;text-align:justify;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%;">Executive is currently employed by the Company and, as of February 27, 2020 (the &#8220;Interim CEO Date&#8221;), has served as Interim Chief Executive Officer of the Company pursuant to that certain Offer Letter, dated as of September 9, 2019 and amended as of May 1, 2020 (the &#8220;Prior Employment Agreement&#8221;). On September 30, 2020 (the &#8220;Commencement Date&#8221;), the Board of Directors of the Company (the &#8220;Board&#8221;) appointed Executive as the permanent Chief Executive Officer of the Company, and, in connection with such appointment, the Company and Executive mutually desire to continue the employ of Executive, effective as of the Commencement Date, under the terms and conditions set forth herein and to replace and supersede the Prior Employment Agreement in its entirety.</font></div><div style="text-indent:36pt;text-align:justify;"><font><br></font></div><div style="text-indent:36pt;text-align:justify;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New