SEC Contract Filing

Filing Date: 2019-05-23

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<TYPE>EX-10.14
<SEQUENCE>9
<FILENAME>sky-ex1014_576.htm
<DESCRIPTION>EX-10.14
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">Retention Agreement</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This Agreement is between Skyline Champion Corporation (&#8220;SCC&#8221;) and <font style="font-weight:bold;">Jon S. Pilarski </font>(&#8220;Employee&#8221;).&nbsp;&nbsp;Its purpose is to incentivize Employee to remain employed through a certain period of time and set forth the amount of bonus that will be paid to Employee if certain conditions are met.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.<font style="margin-left:36pt;"></font><font style="font-weight:bold;text-decoration:underline;">Background</font>.&nbsp;&nbsp;SCC has advised Employee that it is ending his employment relationship for reasons that have been explained to him.&nbsp;&nbsp;This Agreement is entered into to encourage Employee to remain a full-time employee performing satisfactory services during a transition period that is expected to last through <font style="font-weight:bold;">May 31, 2019</font> (the &#8220;Expected Employment Termination Date&#8221;).&nbsp;&nbsp;This date is subject to change at SCC&#8217;s discretion.&nbsp;&nbsp;This Agreement is not intended to create a contract of employment for any definite term, nor change the at-will nature of Employee&#8217;s employment but identifies the compensation Employee will receive if the stated conditions are met.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.<font style="margin-left:36pt;"></font><font style="font-weight:bold;text-decoration:underline;">Compensation and Benefits</font>.&nbsp;&nbsp;SCC shall continue to pay Employee his regular rate of compensation (not including bonus or commissions) throughout the period Employee remains employed with SCC.&nbsp;&nbsp;Additionally, SCC shall continue to provide Employee with the benefits he was receiving prior to the date on which this Agreement was presented to him throughout the period Employee remains employed with SCC.&nbsp;&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.<font style="margin-left:36pt;"></font><font style="font-weight:bold;text-decoration:underline;">Bonus</font>.&nbsp;&nbsp;Subject to paragraph 4 below, SCC will pay Employee his standard corporate bonus applicable for fiscal year 2019 of <font style="font-weight:bold;">$86,062.50 plus a retention bonus of $28,687.50,</font> less applicable withholding and deductions, within 30 days following the Employment Termination Date.&nbsp;&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.<font style="margin-left:36pt;"></font><font style="font-weight:bold;text-decoration:underline;">Conditions</font>.&nbsp;&nbsp;Payment of the Bonus is contingent upon Employee&#8217;s execution of SCC&#8217;s standard Separation Agreement including a Release of all Claims against SCC, and all affiliated entities, managers, agents, and employees, upon Employee&#8217;s termination.&nbsp;&nbsp;Further, no bonus shall be paid pursuant to paragraph 3, if either of the following events occurs before the Employment Termination Date:&nbsp;&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">a.<font style="margin-left:108pt;"></font>Employee quits or resigns his employment with SCC.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">b.<font style="margin-left:108pt;"></font>Employee&#8217;s employment is terminated by SCC for cause before the Employment Termination Date.&nbsp;&nbsp;Cause includes, but is not limited to, the inability or failure to satisfactorily perform assigned work or engaging in conduct that is inappropriate, illegal, or inconsistent with SCC&#8217;s policies or procedures or the duties Employee owes to SCC.&nbsp;&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5.<font style="margin-left:36pt;"></font><font style="font-weight:bold;text-decoration:underline;">Termination Without Cause</font>.&nbsp;&nbsp;If SCC terminates Employee&#8217;s employment without cause before the Employment Termination Date, Employee shall be paid the appropriate bonus amount