SEC Contract Filing

Filing Date: 2018-03-05

Document Content:
<DOCUMENT>
<TYPE>EX-10.54
<SEQUENCE>2
<FILENAME>dave-20171231ex10545a033.htm
<DESCRIPTION>EMPLOYMENT AGREEMENT, DATED FEBRUARY 12, 2018
<TEXT>
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 <font style="display:inline;font-weight:bold;">Exhibit 10.54</font>

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 <font style="display:inline;">EMPLOYMENT AGREEMENT</font>
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 <font style="display:inline;;font-size: 12pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;">THIS EMPLOYMENT AGREEMENT (the &nbsp;&#x201C;</font><font style="display:inline;font-weight:bold;font-style:italic;">Agreement</font><font style="display:inline;">&#x201D;) is entered into&nbsp;February 12, 2018 and shall be effective as of the Executive&#x2019;s start date with the Company, which is anticipated to be March 6, 2018&nbsp;(the &#x201C;</font><font style="display:inline;font-weight:bold;font-style:italic;">Effective Date</font><font style="display:inline;">&#x201D;), by and between Famous Dave&#x2019;s of America, Inc., a Minnesota corporation (the &#x201C;</font><font style="display:inline;font-weight:bold;font-style:italic;">Company</font><font style="display:inline;">&#x201D;), and Paul Malazita, an individual resident of the State of Minnesota (&#x201C;</font><font style="display:inline;font-weight:bold;font-style:italic;">Executive</font><font style="display:inline;">&#x201D;).</font>
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 <font style="display:inline;">WHEREAS, Executive wishes to be employed by the Company and the Company desires to employ Executive as its Interim Chief Financial Officer (&#x201C;</font><font style="display:inline;font-weight:bold;font-style:italic;">CFO</font><font style="display:inline;">&#x201D;) on the terms and conditions set forth herein to perform duties generally typical for a CFO of a publicly traded company operating and conducting business in the United States, the Commonwealth of Puerto Rico, Canada, the United Arab Emirates, and any other country where the Company does business&nbsp;during the Employment Term (as defined below).</font>
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 <font style="display:inline;;font-size: 12pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;">NOW, THEREFORE, in consideration of these premises, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged and&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;intending to be legally bound, the parties hereto hereby agree as follows:</font>
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 <font style="display:inline;;font-size: 12pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;">1. <font style="display:inline;;font-size: 12pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font><font style="display:inline;text-decoration:underline;">Employment; Employment Term</font><font style="display:inline;">. Upon the terms and conditions hereinafter set forth, the Company hereby agrees to retain the services of Executive and Executive hereby accepts such employment and agrees to faithfully and diligently serve as directed by the Chief Executive Officer of the Company (the &#x201C;</font><font style="display:inline;font-weight:bold;font-style:italic;">CEO</font><font style="display:inline;">&#x201D;), &nbsp;the Company&#x2019;s Board of Directors (the &#x201C;</font><font style="display:inline;font-weight:bold;font-style:italic;">Board</font><font style="display:inline;">&#x201D;), and in accordance with this Agreement, commencing on the Effective Date and continuing until terminated pursuant to </font><font style="display:inline;text-decoration:underline;">Section 6</font><font style="display:inline;"> of this Agreement (the &#x201C;</font><font style="display:inline;font-weight:bold;font-style:italic;">Employment Term</font><font style="display:inline;">&#x201D;).</font>
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