SEC Contract Filing

Filing Date: 2018-01-23

Document Content:
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<TYPE>EX-10.4
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<FILENAME>d519335dex104.htm
<DESCRIPTION>EX-10.4
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<TITLE>EX-10.4</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.4 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>EMPLOYMENT AGREEMENT </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>THIS EMPLOYMENT AGREEMENT</B> (this &#147;<U>Agreement</U>&#148;), is dated this 23rd day of January, 2018, by and between
AMERICOLD LOGISTICS, LLC, a Delaware limited liability company with its principal place of business located in Atlanta, Georgia (the &#147;<U>Company</U>&#148;) and Marc Smernoff (the &#147;<U>Executive</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>W</U> <U>I</U> <U>T</U> <U>N</U> <U>E</U> <U>S</U> <U>S</U> <U>E</U> <U>T</U> <U>H</U>: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">WHEREAS, the Executive currently serves as Executive Vice President and Chief Financial Officer of the Company; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">WHEREAS, the Executive and the Company are currently parties to that certain Employment Agreement, dated October 2017 (the
&#147;<U>Prior Employment Agreement</U>&#148;); and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">WHEREAS, the Executive and the Company mutually desire to terminate
and cancel the Prior Employment Agreement and, in connection therewith, to provide for the continued services and employment of the Executive by the Company on the terms and conditions hereinafter set forth. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein and for good and valuable
consideration, the receipt of which is hereby acknowledged, the parties hereto, each intending to be legally bound hereby, agree as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">1.&nbsp;&nbsp;&nbsp;&nbsp;<U>Employment</U>. On the terms and subject to the conditions set forth herein, the Company hereby
agrees to continue to employ the Executive, and the Executive hereby agrees to continue such employment, for the Employment Term (as defined below). During the Employment Term, the Executive shall serve as Executive Vice President and Chief
Financial Officer of the Company and shall report to the President and Chief Executive Officer of the Company (the &#147;<U>CEO</U>&#148;), performing the normal duties and responsibilities of such position with respect to the business of the
Company and such other duties and responsibilities commensurate with such position as the CEO or the Board of Directors of the Company (the &#147;<U>Board</U>&#148;) may reasonably assign to the Executive from time to time. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">2.&nbsp;&nbsp;&nbsp;&nbsp;<U>Performance</U>. The Executive shall serve the Company and its subsidiaries and affiliates
faithfully and to the best of the Executive&#146;s ability and shall devote the Executive&#146;s full business time, energy, experience and talents to the business of the Company and its subsidiaries and affiliates, as applicable, and will not
engage in any other employment activities for any direct or indirect remuneration without the prior written approval of the Board; <U>provided</U>, <U>however</U>, that it shall not be a violation of this Agreement for the Executive to manage the
Executive&#146;s personal investments, to engage in or serve such civic, community, charitable, educational, industry, professional, or religious organizations as the Executive may select, or, with the prior approval of the CEO and Board, to serve
on the boards of directors of other companies, so long as such service does not create an actual or potential conflict of interest with, or impair the Executive&#146;s ability to fulfill the Executive&#146;s duties hereunder or conflict with the
Executive&#146;s covenants under Section&nbsp;6 of this Agreement, in each case as determined in the sole judgment of the CEO and Board. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">3.&nbsp;&nbsp;&nbsp;&nbsp;<U>Employment Term</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;Subject to earlier termination pursuant to Section&nbsp;7, the term of employment of the Executive
hereunder shall begin on January 23, 2018 (the &#147;<U>Commencement Date</U>&#148;), and shall continue for an indefinite period of time (the &#147;<U>Employment Term</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">4.&nbsp;&nbsp;&nbsp;&nbsp;<U>Principal Location</U>. The Executive&#146;s principal place of employment shall be the
Company&#146;s offices located in the Atlanta, Georgia metropolitan area, subject to require