SEC Contract Filing

Filing Date: 2016-02-04

Document Content:
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<TYPE>EX-10.1
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<FILENAME>amtd_20151231xex101.htm
<DESCRIPTION>EX-10.1
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<a name="s16E299FFF9E8A5FE282BCA97652189F2"></a><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit 10.1</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Executive Employment Agreement</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">This employment agreement (&#8220;Agreement&#8221;) is entered into as of November 9, 2015 by and between Tim Hockey (&#8220;Executive&#8221;) and TD Ameritrade Holding Corporation (&#8220;AMTD&#8221; or &#8220;Company&#8221;). </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">1.</font></div></td><td style="vertical-align:top;padding-left:240px;"><div style="line-height:120%;text-align:justify;font-size:10pt;text-indent:-240px;"><font style="font-family:inherit;font-size:10pt;">Position:</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;">President, effective January 2, 2016 reporting to the Chief Executive Officer. (The sub-Committee of the Board will continue to oversee the transition towards CEO appointment.) Effective October 1, 2016, also will become Chief Executive Officer. At such time, Executive shall render such business and professional services in the performance of his duties, consistent with Executive's position as CEO, as will reasonably be assigned to him by the Board of Directors of the Company.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">2.</font></div></td><td style="vertical-align:top;padding-left:240px;"><div style="line-height:120%;text-align:justify;font-size:10pt;text-indent:-240px;"><font style="font-family:inherit;font-size:10pt;">Board of Directors:&#160;&#160;&#160;&#160;Executive will serve on the Board as of January 2, 2016, subject to TD Bank executing a waiver.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">3.</font></div></td><td style="vertical-align:top;padding-left:240px;"><div style="line-height:120%;text-align:justify;font-size:10pt;text-indent:-240px;"><font style="font-family:inherit;font-size:10pt;">Obligations:&#160;&#160;&#160;&#160;During the employment term, Executive will devote Executive&#8217;s full business efforts and time to AMTD and will use good faith efforts to discharge Executive&#8217;s obligations under this Agreement to the best of Executive&#8217;s ability and in accordance with each of AMTD&#8217;s corporate guidance and ethics guidelines, conflict of interests policies and code of conduct. For the duration of his employment, Executive agrees not to actively engage in any other employment, occupation, or consulting activity for any direct or indirect remuneration without the prior approval of the applicable committee of the Board or the CEO (which approval will not be unreasonably withheld); provided, however, that Executive may, without the approval of the Board, serve in any capacity with any civic, educational, or charitable organization, provided such services do not interfere with Executive&#8217;s obligations to Company. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">4.</font></div></td><td style="vertical-align:top;padding-left:240px;"><div style="line-height:120%;text-align:justify;font-size:10pt;text-indent:-240px;"><font style="font-family:inherit;font-size:10pt;">Term of Agreement:&#160;&#160;&#160;&#160;This Agreement will have an initial term of five years commencing on January 2, 2016. Thereafter, the Agreement automatically will renew for additional terms of one year each, unless AMTD or Executive gives written notice at least six months in advance of the scheduled expiration. Executive&#8217;s continued role as the Company&#8217;s CEO during the employment term or renewal thereof is subject to the Board reappointing Executive as CEO on an annual basis by the approval of at least two-thirds of the directors then serving on the Board i