SEC Contract Filing

Filing Date: 2020-02-04

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>tm206436d1_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
<HTML>
<HEAD>
 <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.2</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="text-transform: uppercase"><B>Second</B></FONT><B>
AMENDED AND RESTATED EMPLOYMENT AGREEMENT</B></P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This SECOND AMENDED AND RESTATED EMPLOYMENT
AGREEMENT (the &ldquo;<U>Agreement</U>&rdquo;) is entered into effective as of February 3, 2020 (the &ldquo;<U>Effective Date</U>&rdquo;)
between Floor and Decor Outlets of America, Inc., a Delaware corporation (the &ldquo;<U>Operating Company</U>&rdquo;), Floor &amp;
Decor Holdings, Inc., a Delaware corporation (f/k/a FDO Holdings, Inc.) (&ldquo;<U>Holdings</U>&rdquo; and, together with the Operating
Company, the &ldquo;<U>Company</U>&rdquo;) and Trevor Lang, the undersigned individual (&ldquo;<U>Executive</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><B>RECITALS</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">WHEREAS, Executive is currently employed
by the Company pursuant to an employment agreement with the Company, dated June 17, 2011, as amended and restated July 29, 2015
(the &ldquo;<U>Prior A</U>g<U>reement</U>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">WHEREAS, pursuant to Section 11(d) of the
Prior Agreement, the Prior Agreement may be amended and restated by a writing signed by Executive and a duly authorized representative
of the Company (other than Executive); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">WHEREAS, the parties desire to amend and
restate the Prior Agreement in its entirety by entering into this Agreement, subject to the terms and provisions herein contained.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><B>AGREEMENT</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">NOW, THEREFORE, the parties mutually agree
as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Employment</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Term;
Duties and Responsibilities</U>. Beginning on the Effective Date, and during the Employment Period (defined below), Executive
shall continue to serve as the Executive Vice President and Chief Financial Officer of the Company. The term of employment hereunder
shall commence on the Effective Date and terminate on the fourth anniversary of the Effective Date, unless earlier terminated
as set forth herein; <U>provided</U>, that commencing on the fourth anniversary of the Effective Date and each anniversary date
thereafter, the term of this Agreement shall automatically be extended for one additional year (subject to earlier termination,
as set forth herein) unless, not later than 60 calendar days prior to any such anniversary date, either the Company or Executive,
in such party&rsquo;s sole discretion, shall elect that such extension shall not take effect and shall have given timely written
notice of such election not to extend. The period of time between the Effective Date and the termination of Executive&rsquo;s
employment hereunder shall be referred to herein as the &ldquo;<U>Employment Period</U>.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Duties
and Responsibilities</U>. During the Employment Period, Executive shall at all times, <U>except as expressly set forth below</U>:
(i) devote substantially all working time and efforts to the business and affairs of the Company and its subsidiaries on a full-time
basis, (ii) faithfully, industriously and to the best of Executive&rsquo;s ability, experience and talent, perform all duties
that may be reasonably required by the Company, and observe and comply with all rules, regulations, policies and practices in
effect on the Effective Date or amended or adopted by the Company in the future and (iii) not engage in any other business act