SEC Contract Filing

Filing Date: 2024-12-27

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>ef20040727_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
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 <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 10.2</font><br>
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 <div style="text-align: right; font-style: italic; font-variant: small-caps; font-weight: bold;">Execution Version</div>
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 <div style="text-align: center; font-variant: small-caps; font-weight: bold;">Amended and Restated Employment Agreement</div>
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 <div style="text-align: justify; text-indent: 36pt;">This <font style="font-variant: small-caps;">Amended and Restated Employment Agreement</font> (the &#8220;<u>Amended Agreement</u>&#8221;) is made between <font style="font-variant: small-caps;">Century
 Communities, Inc</font>., a Delaware corporation (the &#8220;<u>Company</u>&#8221;), and <font style="font-variant: small-caps;">Robert J.</font>&#160;<font style="font-variant: small-caps;">Francescon</font> (the &#8220;<u>Executive</u>&#8221;), effective as of January
 1, 2025 (&#8220;<u>Effective Date</u>&#8221;).</div>
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 <div style="text-align: center; font-variant: small-caps; font-weight: bold;">R e c i t a l s</div>
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 <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-variant: small-caps;">Whereas</font><font style="font-size: 10pt;">, the Company has employed the Executive as its Co-Chief Executive Officer
 and President pursuant to an Amended and Restated Employment Agreement dated as of July 28, 2020, as amended by that Amendment to Amended and Restated Employment Agreement, effective as of May 3, 2023 (collectively, the &#8220;<u>Prior Agreement</u>&#8221;);</font></div>
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 <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-variant: small-caps;">Whereas</font><font style="font-size: 10pt;">, the Company and the Executive desire to modify the Prior Agreement and
 accordingly fully amend and restate the Prior Agreement pursuant to this Amended Agreement; and</font></div>
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 <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-variant: small-caps;">Now</font><font style="font-size: 10pt;">, <font style="font-variant: small-caps;">Therefore</font>, in consideration of
 the promises and mutual covenants herein and for other good and valuable consideration, the parties agree that the Prior Agreement is hereby amended and restated in its entirety to provide the following:</font></div>
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 <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">1.</font>&#160;&#160;&#160;&#160;&#160;&#160; &#160; &#160; <u>General</u>.&#160; The parties agree that, subject to the terms hereof, the Executive, effective as of the Effective Date, shall serve as
 Chief Executive Officer and President of the Company in accordance with the terms and conditions set out in this Amended Agreement. Notwithstanding the foregoing, the Executive could elect, in accordance with the terms and conditions set out in
 this Amended Agreement, to serve as Strategic Advisor in lieu of the Chief Executive Officer and President position after the Effective Date hereof. </div>
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 <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">2.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Employment, Duties and Agreements; Ability of Executive to Elect Strategic Advisor Role</u><font style="color: rgb(0, 0, 0);">.</font>&#160;
 The Company hereby agrees to employ the Executive as its Chief Executive Officer and President at a location in Greenwood Village, Colorado, and the Executive hereby accepts such position and agrees to serve the Company in such capacity on a
 full-time basis during the employment period fixed by Section 4 below (the &#8220;<u>Employment Period</u>&#8221;), except as otherwise provided in Section 2(e) below.&#160; So long as the Executive serves as Chief Executive Officer and President and with the
 Executive&#8217;s consent, the Executive may also be appointed as Chief Executive Officer and President of each of the principal, direct and indirect operating subsidiaries of the Company, and may also be appointed to other positions with the Company
 consistent with his leadership role as Chief Executive Officer and President of the Company.</div>
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 <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="color: rgb(0, 0, 0);">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Executive shall have such duties and responsibilities as are consistent with the Executive&#8217;s position and as may be
 reasonably assigned by the Company&#8217;s Board of Directors (the &#8220;<u>Board</u>&#8221;) from time to time.&#160; During the Employment Period, the Executive shall be subject to, and shall act in accordance with, all reasonable instructions and directions of the
 Board and all applicable policies and rules of the Company.</div>
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