SEC Contract Filing

Filing Date: 2015-05-22

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>4
<FILENAME>exhibit3.htm
<DESCRIPTION>EX-10.1
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<P align="right" style="font-size: 10pt"><FONT style="font-size: 12pt"><B>Exhibit&nbsp;10.1</B></FONT>

<P align="center" style="font-size: 12pt"><B>EMPLOYMENT AGREEMENT</B>

<P align="left" style="font-size: 12pt; text-indent: 4%">This Employment Agreement (&#147;Agreement&#148;) is entered into between Group 1 Automotive, Inc.
(&#147;Employer&#148;), and Earl J. Hesterberg (&#147;Employee&#148;), effective as of May&nbsp;19, 2015 (the &#147;Effective
Date&#148;).

<P align="center" style="font-size: 12pt"><B>RECITALS</B>

<P align="left" style="font-size: 12pt; text-indent: 4%">WHEREAS, Employer and Employee previously entered into an employment agreement dated September
8, 2010, as amended February&nbsp;27, 2012 (the &#147;Prior Employment Agreement&#148;) and they desire to
continue the employment relationship without interruption under the following terms and supersede
the Prior Employment Agreement in its entirety.

<P align="left" style="font-size: 12pt; text-indent: 4%">WHEREAS, Employee has made the following representations to Employer, and Employer is relying
upon such representations: (i)&nbsp;the Employee is currently employed by Employer pursuant to the Prior
Employment Agreement and Non-Compete Agreement; (ii)&nbsp;Employee is not subject to any non-compete or
other provision in any other agreement to which he is a party that would restrict his ability to
perform his obligations under this Agreement; and (iii)&nbsp;Employee is not bound by the terms of any
other agreement that would prevent him from performing his obligations under this Agreement.

<P align="left" style="font-size: 12pt; text-indent: 4%">WHEREAS, simultaneously with the execution of this Agreement, Employer and Employee will
execute a further Non-Compete Agreement (&#147;Non-Compete Agreement&#148;) which shall continue Employee&#146;s
non-competition obligations to Employer and nothing herein shall affect the enforceability of
either the prior non-compete agreement or the Non-Compete Agreement.

<P align="center" style="font-size: 12pt"><B>AGREEMENT</B>

<P align="left" style="font-size: 12pt; text-indent: 4%">For and in consideration of the mutual promises, covenants, and obligations contained herein,
Employer and Employee agree as follows:

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<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
 <TD width="1%" nowrap align="right"><FONT style="font-size: 11pt"><B>1.</B></FONT></TD>
 <TD width="1%">&nbsp;</TD>
 <TD><FONT style="font-size: 11pt"></FONT><FONT style="font-size: 12pt"><B>EMPLOYMENT AND DUTIES</B></FONT></TD>
</TR>

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<P align="left" style="font-size: 12pt; text-indent: 4%"><FONT style="font-size: 11pt"><B>1.1. </B></FONT><FONT style="font-size: 12pt"><B>Agreement to Employ. </B>Employer shall employ Employee, and Employee shall be
employed by Employer, beginning on the Effective Date and continuing throughout the Term (as
defined below) of this Agreement, subject to the terms and conditions of this Agreement and the
Non-Compete Agreement.
</FONT>

<P align="left" style="font-size: 12pt; text-indent: 4%"><FONT style="font-size: 11pt"><B>1.2. </B></FONT><FONT style="font-size: 12pt"><B>Position and Responsibilities. </B>Employee shall serve as Chief Executive Officer
of Employer. Employee shall perform diligently the duties and services appertaining to such
position as reasonably determined by the Board of Directors of Employer, as well as such additional
duties and services appropriate to such position which Employee from time to time may be reasonably
directed to perform by the Board of Directors of Employer. Employee shall at all times comply with
and be subject to such reasonable policies and procedures as the Board of Directors of Employer may
establish from time to time, which shall not be contrary to the terms of this Agreement. Employee
shall devote Employee&#146;s full business time, energy, and best efforts to the business and affairs of
Employer. Employee shall not engage, directly or indirectly, in any other business, investment, or
activity that interferes with Employee&#146;s performance of Employee&#146;s duties hereunder, is contrary to
the interests of Employer or any of its subsidiaries or affiliates, or requires any significant
portion of Employee&#146;s business time; provided, however, that Employee may engage in passive
personal investments that do not conflict with the business and affairs of Employer or any of its
subsidiaries or affiliates or interfere with Employee&#146;s performance of his duties hereunder.
Employee shall not be required to perform any illegal activity or to sign-off on any materially
inappropriate financial statement or acknowledgement in the course of the performance of his duties
hereunder and any request by Employer that Employee violate the provisions of this sentence shall
be deemed to be a material breach of Employer&#146;s obligations under this Agreement.
</FONT>

<P align="left" style="font-size: 12pt; text-indent: 4%"><FONT style="font-size: 11pt"><B>1.3. </B></FONT><FONT style="font-size: 12pt"><B>Fiduciary Duties. </B>Employee acknowledges and agrees that Employee owes a
fiduciary duty of loyalty, fidelity and allegiance to act at all times in the best interests of
Employer or any of its subsidiaries or affiliates and to do no act which would be inconsistent with
those duties. In keeping with these duties, Employee shall make full disclosure to Employer of all
business opportunities pertaining to Employer&#146;s business and shall not appropriate for Employee&#146;s
own benefit busine