SEC Contract Filing

Filing Date: 2024-03-01

Document Content:
<DOCUMENT>
<TYPE>EX-10.29
<SEQUENCE>4
<FILENAME>orn-20231231xex10d29.htm
<DESCRIPTION>EX-10.29
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge 10.5.122.0--><!--Created on: 3/1/2024 04:35:41 PM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><b style="font-weight:bold;">Exhibit 10.29</b></p></div><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;margin:0pt 0pt 0pt 5.6pt;"><font style="font-family:'Times New Roman','Times','serif';vertical-align:super;"><img src="orn-20231231xex10d29003.jpg" alt="Graphic" style="display:inline-block;height:33.84pt;width:199pt;"></font><font style="display:inline-block;width:126.9pt;"></font><font style="font-family:'Times New Roman','Times','serif';"><img src="orn-20231231xex10d29004.jpg" alt="Graphic" style="display:inline-block;height:38.15pt;width:154pt;"></font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0.44pt 0pt 0pt 0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:8pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:2.79pt 73.9pt 0pt 0pt;">November 20, 2023</p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0.3pt 0pt 0pt 0pt;"><font style="font-size:8.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:justify;margin:2.79pt 385.2pt 0pt 29.4pt;">Edward Chipman Earle </p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:justify;margin:2.79pt 385.2pt 0pt 29.4pt;">XXXXXX</p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:justify;margin:0pt 385.2pt 0pt 29.4pt;">XXXXXX</p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:40.4pt;margin:0pt 345pt 0pt 29.4pt;">Subject: Employment Offer</p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:40.4pt;margin:0pt 345pt 0pt 29.4pt;">Dear Chip,</p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.28;text-align:justify;margin:0pt 47.15pt 0pt 29.4pt;">We are pleased to offer you the position of Executive Vice President, General Counsel, Chief Administrative Officer, and Corporate Secretary at Orion Group Holdings, Inc. The position will be located at our corporate office in Houston, Texas and you will be responsible for the Legal, Risk Management, and Compliance functions of the Company, and for otherwise acting in the best interest of the Company&#8217;s stockholders.</p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:2.38;margin:7.84pt 247.45pt 0pt 29.4pt;">Major provisions of this offer of employment include: <u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Start</u><u style="letter-spacing:-0.1pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </u><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Date</u>:<font style="display:inline-block;width:83.86pt;"></font>Monday, November 27,<font style="letter-spacing:-0.4pt;"> </font>2023</p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:9.05pt;margin:0pt 0pt 0pt 29.4pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Starting</u><u style="letter-spacing:-0.2pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </u><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Salary</u>:<font style="display:inline-block;width:40.83pt;"></font>$7,884.62 per week ($410,000.00<font style="letter-spacing:-0.2pt;"> </font>annualized)</p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0.2pt 0pt 0pt 0pt;"><font style="font-size:5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.28;padding-left:108.05pt;text-align:justify;text-indent:-108.05pt;margin:2.84pt 47.05pt 0pt 29.39pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Annual Target Bonus</u>: For 2024 (paid in March 2025), you will be eligible for a target bonus of &#160;60% of base salary for achieving target or above, no payment below 80% of target achievement. Bonus achievement is based on the Company&#8217;s consolidated financial performance, operational performance, and individual<font style="letter-spacing:-0.05pt;"> </font>performance.</p><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:29.4pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:108pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.28;margin-bottom:0pt;margin-top:7.84pt;text-align:justify;"><u style="text-decoration-color:#000000;text-decoration-line:underline;te