SEC Contract Filing

Filing Date: 2024-06-14

Document Content:
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 <div style="text-align: right; font-family: 'CG Times', 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">EXHIBIT 10.1</div>
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 <div style="text-align: center; font-family: 'CG Times', 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>INDEPENDENT CONTRACTOR AGREEMENT</u></div>
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 <div style="text-align: left; text-indent: 36pt; font-family: 'CG Times', 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'CG Times', 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">THIS INDEPENDENT CONTRACTOR
 AGREEMENT</font> (the "<font style="font-family: 'CG Times', 'Times New Roman', serif; font-size: 12pt;"><u>Agreement</u></font>") is entered by and between J. Edward Clary (&#8220;<font style="font-family: 'CG Times', 'Times New Roman', serif; font-size: 12pt;"><u>Contractor</u></font>&#8221;)<font style="font-family: 'CG Times', 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">&#160;</font>and Haverty Furniture Companies, Inc. ("<font style="font-family: 'CG Times', 'Times New Roman', serif; font-size: 12pt;"><u>Buyer</u></font>") as of the date of its full execution (the &#8220;<font style="font-family: 'CG Times', 'Times New Roman', serif; font-size: 12pt;"><u>Effective Date</u></font>&#8221;).</div>
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 <div style="text-align: left; text-indent: 36pt; font-family: 'CG Times', 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'CG Times', 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">WHEREAS</font>, Contractor was
 employed by Buyer as its Chief Information Technology Officer, a position that he has resigned effective as of July 15, 2024;</div>
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 <div style="text-align: left; text-indent: 36pt; font-family: 'CG Times', 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'CG Times', 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">WHEREAS</font>, Buyer seeks to
 purchase, and Contractor seeks to provide, certain Services to assist in the smooth transition of Contractor&#8217;s former duties to his successors and to consult (both in person and by telephone or video conference) from time-to-time with Buyer;</div>
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 <div style="text-align: left; text-indent: 36pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">WHEREAS</font>, Contractor represents and warrants he is
 capable of performing the Services (as defined below) for Buyer, and Buyer desires to have Contractor perform such Services, subject to the terms and conditions of this Agreement;</div>
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 <div style="text-align: left; text-indent: 36pt; font-family: 'CG Times', 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'CG Times', 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">NOW, THEREFORE</font>, for and in
 consideration of the mutual agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Buyer and Contractor agree as follows:</div>
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 <div style="text-align: left; text-indent: 36pt;"><font style="font-family: 'CG Times', 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">1.</font><font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-family: 'CG Times', 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'CG Times', 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>Services; Term.</u></font>&#160; <font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Contractor agrees to provide information technology support and transition services to Buyer, as reasonably requested by Buyer, with the same high level of quality and professionalism
 ordinarily required by Buyer (the &#8220;<u>Services</u>&#8221;).&#160; Contractor will begin</font> providing
 the Services on July 16, 2024 and, unless this Agreement is earlier terminated or is extended by mutual written agreement of the parties, the Agreement will terminate on December 31, 2024 (the &#8220;<font style="font-family: 'CG Times', 'Times New Roman', serif; font-size: 12pt;"><u>Term</u></font>&#8221;).&#160; The Services shall be performed at the times and places chosen by Contractor; provided, however, that Contractor shall devote such time and attention to the provision of the Services as is necessary
 to comply with this Agreement, and Contractor agrees that it may be necessary for Contractor to perform some Services in-person and/or on-site at specific business locations in order for him to properly perform the Services.</font></div>
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 <div style="text-align: left; text-indent: 36pt;"><font style="font-family: 'CG Times', 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">2.</font><font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-family: 'CG Times', 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'CG Times', 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>Contract Fee and Billing.</u></font>&#160; Buyer
 agrees to pay Contractor Two Hundred Fifty Thousand and 00/100 U.S. dollars ($250,000.00) (the &#8220;Contract Fee&#8221;) for the provision of satisfactory Services.&#160; The Contract Fee shall be paid in two equal installments o