SEC Contract Filing

Filing Date: 2020-05-07

Document Content:
<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>3
<FILENAME>wtrh-ex105_263.htm
<DESCRIPTION>EX-10.5
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
<head>
<title>
wtrh-ex105_263.htm
</title>
</head>
<!-- NG Converter v5.0.2.38 -->
<body>

<p style="text-align:right;margin-bottom:12pt;margin-top:6pt;text-indent:0%;font-size:12pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="a1034569"></a>Exhibit 10.5</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:6pt;text-indent:0%;font-size:12pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Executive Employment Agreement</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a1034570"></a>This Employment Agreement (the &#8220;<font style="font-weight:bold;">Agreement</font>&#8221;) is made and entered into as of August 30, 2019 (the &#8220;<font style="font-weight:bold;">Effective Date</font>&#8221;) by and between Damon Schramm (&#8220;<font style="font-weight:bold;">Executive</font>&#8221;) and Waitr Holdings Inc., a corporation organized under the laws of the State of Delaware (the &#8220;<font style="font-weight:bold;">Company</font>&#8221;).</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a1034571"></a>WHEREAS, the Company desires to continue to employ Executive on the terms and conditions set forth herein; and</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a1034572"></a>WHEREAS, Executive desires to continue his employment with the Company on such terms and conditions.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a1034573"></a>NOW, THEREFORE, in consideration of the mutual covenants, promises, and obligations set forth herein, the parties agree as follows:</p>
<p style="text-align:justify;margin-top:0pt;margin-bottom:12pt;text-indent:4.62%;font-weight:normal;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="a325948"></a><font style="text-decoration:none;"><strike Style="text-decoration:none;">1.</strike></font><font style="text-decoration:none;margin-left:36pt;"><strike Style="text-decoration:none;"></strike></font><font style="text-decoration:underline;"><strike Style="text-decoration:none;">Term</strike></font>. Executive&#8217;s employment hereunder shall be effective as of the Effective Date and shall continue until such time as Executive&#8217;s employment with the Company terminates pursuant to Section 5 of this Agreement.&nbsp;&nbsp;The period during which Executive is employed by the Company hereunder is hereinafter referred to as the &#8220;<font style="font-weight:bold;">Employment Term</font>.&#8221;</p>
<p style="text-align:justify;margin-top:0pt;margin-bottom:12pt;text-indent:4.6%;font-weight:normal;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="a304693"></a><font style="text-decoration:none;"><strike Style="text-decoration:none;">2.</strike></font><font style="text-decoration:none;margin-left:36pt;"><strike Style="text-decoration:none;"></strike></font><font style="text-decoration:underline;"><strike Style="text-decoration:none;">Position and Duties</strike></font>.</p>
<p style="text-align:justify;margin-top:0pt;margin-bottom:12pt;margin-left:4.62%;text-indent:6.15%;font-weight:normal;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="a221833"></a><font style="text-decoration:none;"><strike Style="text-decoration:none;">2.1</strike></font><font style="text-decoration:none;margin-left:36pt;"><strike Style="text-decoration:none;"></strike></font><font style="text-decoration:underline;"><strike Style="text-decoration:none;">Position</strike></font>. During the Employment Term, Executive shall serve as the Chief Legal Officer of the Company, reporting to Board of Directors of the Company (the &#8220;<font style="font-weight:bold;">Board</font>&#8221;). In such position, Executive shall have such duties, authority, and responsibilities as shall be determined from time to time by the Board, which duties, authority, and responsibilities are consistent with Executive&#8217;s position. Executive shall, if requested, also serve as a member of the Board or as an officer or director of any affiliate of the Company for no additional compensation.</p>
<p style="text-align:justify;margin-top:0pt;margin-bottom:12pt;margin-left:4.62%;text-indent:6.15%;font-weight:normal;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="a1001570"></a><a name="_AEIOULastRenderedPageBreakAEIOU2"></a><font style="text-decoration:none;"><strike Style="text-decoration:none;">2.2</strike></font><font style="text-decoration:none;margin-left:36pt;"><strike Style="text-decoration:none;"></strike></font><font style="text-decoration:underline;"><strike Style="text-decoration:none;">Duties</strike></font>. During the Employment Term, Executive shall devote substantially all of his business time and attention to the performance of Executive&#8217;s duties hereunder and will not engage in any other business, profession, or occupation for compensation or otherwise which would c