SEC Contract Filing

Filing Date: 2024-08-07

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>2
<FILENAME>envista-transitionletterag.htm
<DESCRIPTION>EX-10.2
<TEXT>
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<title>Document</title></head><body><div id="i62c01f1039674e0da982c9eea016fc2b_1"></div><div style="min-height:31.68pt;width:100%"><div><font><br></font></div></div><div style="margin-top:4pt;padding-right:7.8pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Exhibit 10.2</font></div><div style="margin-top:9.75pt"><font><br></font></div><div style="padding-left:6.05pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">April 30, 2024</font></div><div style="margin-top:0.7pt"><font><br></font></div><div style="margin-top:0.05pt;padding-left:6.05pt;padding-right:397.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:110%">Amir Aghdaei Via Email</font></div><div style="margin-top:0.3pt"><font><br></font></div><div style="margin-top:0.05pt;padding-left:6.05pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Re&#58;&#160;&#160;&#160;&#160;Amendment to Transition Agreement</font></div><div style="margin-top:3.95pt"><font><br></font></div><div style="padding-left:6.05pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Dear Amir&#58;</font></div><div style="margin-top:12.15pt;padding-left:6.05pt;padding-right:6.8pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:117%">Reference is hereby made to that certain Transition Agreement entered into by and between you and Envista Holdings Corporation, a Delaware corporation (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:117%;text-decoration:underline">Company</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:117%">&#8221;), dated as of February 22, 2024 (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:117%;text-decoration:underline">Transition Agreement</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:117%">&#8221;). You and the Company hereby acknowledge and agree that you each desire to amend the Transition Agreement pursuant to the terms and conditions set forth in this amendment letter agreement (this &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:117%;text-decoration:underline">Amendment</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:117%">&#8221;). Upon the execution of this Amendment by you and the Company (such date that this Amendment is fully executed, the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:117%;text-decoration:underline">Effective Date</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:117%">&#8221;), the Transition Agreement will be amended as set forth below.</font></div><div style="margin-top:11.15pt;padding-left:6.05pt;padding-right:8.6pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:117%">Section 4(c) of the Transition Agreement is hereby deleted in its entirety and replaced with the following&#58;</font></div><div style="margin-top:12pt;padding-left:42.1pt;padding-right:43.05pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8220;(c) </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline">Consulting Fee</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">. In consideration of your providing the Consulting Services during the Consulting Period, you will be paid the total sum of $1,500,000 during the Consulting Period as a consulting fee (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline">Consulting Fee</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221;). Any portion of the Consulting Fee that you earn for the Consulting Services during calendar year 2024 shall be paid to you by the Company in a single lump-sum payment within the first calendar quarter of 2025 (but in no event later than March 15, 2025), and any portion of the Consulting Fee that you earn for the Consulting Services following calendar year 2024 shall be payable in arrears in equal monthly installments of $83,333 in the calendar month following the month in which the Consulting Services areperformed. The Company acknowledges that your employment with the Company terminated on the Transition Date, and not before.&#8221;</font></div><div style="margin-top:12.45pt;padding-left:6.05pt;padding-right:6.65pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">This Amendment shall be effective as of the Effective Date. Except as expressly amended hereby, the Transition Agreement remains in full force and effect, and the