SEC Contract Filing

Filing Date: 2015-05-22

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>5
<FILENAME>exhibit4.htm
<DESCRIPTION>EX-10.2
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<P align="right" style="font-size: 10pt"><FONT style="font-size: 12pt"><B>Exhibit&nbsp;10.2</B></FONT>

<P align="center" style="font-size: 12pt"><B>NON-COMPETE AGREEMENT</B>

<P align="left" style="font-size: 12pt; text-indent: 4%">This Non-Compete Agreement (&#147;Agreement&#148;) is entered into between Group 1 Automotive, Inc.
(&#147;Employer&#148;), and Earl J. Hesterberg (&#147;Employee&#148;), effective as of May&nbsp;19, 2015 (the &#147;Effective
Date&#148;).

<P align="center" style="font-size: 12pt"><B>RECITALS</B>

<P align="left" style="font-size: 12pt; text-indent: 4%">WHEREAS, Employer and Employee previously entered into an employment agreement dated September
8, 2010, as amended February&nbsp;27, 2012, and a non-compete agreement dated July&nbsp;1, 2010.

<P align="left" style="font-size: 12pt; text-indent: 4%">WHEREAS, simultaneously with the execution of this Agreement, Employer and Employee executed a
new employment agreement (&#147;Employment Agreement&#148;) governing the terms and conditions of their
continuing employment relationship.

<P align="left" style="font-size: 12pt; text-indent: 4%">WHEREAS, Employer desires to provide to Employee certain additional post-employment payments
as set forth in Section&nbsp;3.5 of the Employment Agreement (the &#147;Post-Employment Non-Compete
Payments&#148;) in consideration for Employee&#146;s loyalty, future performance and continued employment
with Employer.

<P align="left" style="font-size: 12pt; text-indent: 4%">WHEREAS, in consideration for Employer providing to Employee the Post-Employment Non-Compete
Payments, and certain confidential and proprietary information and trade secrets for the purpose of
carrying out his employment responsibilities (as set forth in Section&nbsp;5.1 of the Employment
Agreement), Employee agrees to the non-competition provisions of Section&nbsp;1 of this Agreement.

<P align="center" style="font-size: 12pt"><B>AGREEMENT</B>

<P align="left" style="font-size: 12pt; text-indent: 4%">For and in consideration of the mutual promises, covenants, and obligations contained herein,
Employer and Employee agree as follows:

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 <TD width="1%" nowrap align="right"><B>1.</B></TD>
 <TD width="1%">&nbsp;</TD>
 <TD><B>POST-EMPLOYMENT NON-COMPETITION OBLIGATIONS</B></TD>
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<P align="left" style="font-size: 12pt; text-indent: 4%"><B>1.1. Non-Competition Obligations. </B>Ancillary to the agreement of Employer and Employee in
Sections&nbsp;3 and 5 of the Employment Agreement, and in consideration for the Post-Employment
Non-Compete Payments and Employer&#146;s promises contained in Section&nbsp;5.1 of the Employment Agreement,
and as an additional incentive for Employer to enter into this Agreement, Employer and Employee
agree to the non-competition provisions of this Section&nbsp;1.1. Employee agrees that during the
period of Employee&#146;s non-competition obligations hereunder, Employee will not, directly or
indirectly for either Employee or any automotive retailer with $1 Billion ($1,000,000,000) or more
in annual revenues for the prior two years, in any geographic area or market where Employer or any
of its subsidiaries or affiliated companies are conducting any business as of the date of
termination of the employment relationship or have during the previous twelve (12)&nbsp;months conducted
any business:

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 <TD width="1%" nowrap align="right">(i)</TD>
 <TD width="1%">&nbsp;</TD>
 <TD>engage in any business competitive with any line of business conducted by
Employer or any of its subsidiaries or affiliates on behalf of any public or private
auto retailer which averaged, in the aggregate, $1 Billion ($1,000,000,000) or more in
annual revenues for the prior two years;</TD>
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 <TD width="4%" style="background: transparent">&nbsp;</TD>
 <TD width="1%" nowrap align="right">(ii)</TD>
 <TD width="1%">&nbsp;</TD>
 <TD>render advice or services to, or otherwise assist, any other person,
association, or entity who is engaged, directly or indirectly, in any business
competitive with any line of business conducted by Employer or any of its subsidiaries
or affiliates on behalf of any public or private auto retailer which averaged, in the
aggregate, $1 Billion ($1,000,000,000) or more in annual revenues for the prior two
years;</TD>
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 <TD width="4%" style="background: transparent">&nbsp;</TD>
 <TD width="1%" nowrap align="right">(iii)</TD>
 <TD width="1%">&nbsp;</TD>
 <TD>solicit or accept the business of, or call upon, any customer or client of
Employer for the purpose of conducting competitive business or otherwise seeking profit
from a competitive activity;</TD>
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 <TD width="4%" style="background: transparent">&n