SEC Contract Filing

Filing Date: 2018-06-07

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>humeceoemploymentagreement.htm
<DESCRIPTION>EMPLOYMENT AGREEMENT - HUME
<TEXT>
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<div><a name="s55DAC82D75CE3CBBDE9DBC37A7883E4C"></a></div><div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">AMENDED AND RESTATED</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EMPLOYMENT AGREEMENT</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the &#8220;Agreement&#8221;) is executed on the 6</font><font style="font-family:inherit;font-size:12pt;"><sup style="vertical-align:top;line-height:120%;font-size:8pt">th</sup></font><font style="font-family:inherit;font-size:12pt;">&#32;day of June, 2018 (the &#8220;Effective Date&#8221;) by and between Tech Data Corporation, a Florida corporation (the &#8220;Employer&#8221;), and Richard T. Hume (the &#8220;Employee&#8221;). </font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">RECITALS</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">A. &#160;&#160;&#160;&#160;Employer desires to promote Employee to the position of Chief Executive Officer. </font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">B. &#160;&#160;&#160;&#160;Employee desires to serve as Chief Executive Officer. </font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">NOW, THEREFORE, in consideration of the mutual covenants, promises and agreements set forth herein, the receipt and adequacy of which are hereby acknowledged, Employer and Employee agree as follows: </font></div><div style="line-height:120%;padding-left:0px;padding-bottom:16px;text-align:left;text-indent:0px;"><font style="padding-bottom:16px;text-align:left;font-family:inherit;font-size:12pt;padding-right:48px;">1.</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Employment</font><font style="font-family:inherit;font-size:12pt;">.</font><font style="font-family:inherit;font-size:12pt;">&#32;</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">1.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Position</font><font style="font-family:inherit;font-size:12pt;">. Subject to the terms and conditions of this Agreement, Employer hereby engages Employee, and Employee hereby accepts employment, in the position of Chief Executive Officer, with all the duties, responsibilities and authority normally associated with such position. Employer and Employee acknowledge that, as Chief Executive Officer, Employee shall be Employer&#8217;s most senior officer and shall report to the Board of Directors (the &#8220;Board&#8221;), with other reporting as is appropriate under the Board&#8217;s normal structure. Further, so long as Employee serves as Chief Executive Officer, the Board shall annually nominate Employee to serve as a member of the Board, to be voted upon by the shareholders at Employer&#8217;s annual meeting.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">1.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Duties/Other Employment</font><font style="font-family:inherit;font-size:12pt;">. While serving as the Chief Executive Officer, Employee shall devote substantially all of his business time and all reasonable efforts to his employment and perform diligently such duties. Employee shall not, without the prior written consent of the Board, directly or indirectly, other than in the performance of duties naturally inherent in the businesses of Employer and/or in furtherance thereof, render services of a business, professional or commercial nature to any other person or firm, whether for compensation or otherwise; provided, however, that so long as it does not interfere with his full-time employment hereunder, Employee may attend to outside investments, and upon approval of the Board, the Employee may serve as a director of a corporation which does not compete with Employer (within the meaning of Section&#160;5.1), and serve as a director, trustee or officer of or otherwise participate in educational, welfare, social, religious and civic organizations. Employee&#8217;s work location shall be at the Employer&#8217;s headquarters in Clearwater, Florida. In Employee's position as Employer&#8217;s principal executive officer and as a member of the Board he will be subject to Section&#160;16 of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;) and the Employer shall assist Employee in timely making any requisite filings with the Securities a