SEC Contract Filing

Filing Date: 2015-07-30

Document Content:
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<TYPE>EX-10.2
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<DESCRIPTION>EX-10.2
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">EMPLOYMENT AGREEMENT </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">OUTERWALL
INC. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ERIK E. PRUSCH
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Executed on July&nbsp;29, 2015 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EMPLOYMENT AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Employment Agreement (this &#147;Agreement&#148;), executed on July&nbsp;29, 2015 and effective on July&nbsp;31, 2015 (the
&#147;Effective Date&#148;), is between Outerwall Inc., a Delaware corporation (&#147;Employer&#148;), and Erik E. Prusch (&#147;Employee&#148;); </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>W I T N E S S E T H: </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, Employer desires to employ Employee upon the terms and conditions set forth herein; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, Employee is willing to provide services to Employer upon the terms and conditions set forth herein; </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>A G R E E M E N T S: </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, for and in consideration of the foregoing premises and for other good and valuable consideration, the sufficiency and receipt
of which are hereby acknowledged, Employer and Employee hereby agree as follows: </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>CHIEF EXECUTIVE OFFICER </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.1</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Employment </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Beginning on the Effective Date, Employer will employ Employee and Employee
will provide services as Chief Executive Officer to Employer during the Term (as defined below). As Chief Executive Officer, Employee shall report to Employer&#146;s Board of Directors (the &#147;Board of Directors&#148;) and shall preside at all
meetings of the stockholders and at all meetings of the Board of Directors, unless the Chair of the Board of Directors has been appointed and is present. Subject to the control of the Board of Directors, Employee shall have general supervision,
direction, and control of the business and officers of Employer. Employee shall perform other duties commonly incident to the office of Chief Executive and shall also perform such other duties and have such other powers as the Board of Directors
shall designate from time to time. In addition, Employee shall be appointed to the Board of Directors as of the Effective Date. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.2</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Attention and Effort </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Employee will devote all of Employee&#146;s professional
productive time, ability, attention and effort to Employer&#146;s business and will skillfully serve its interests during the Term; provided, however, Employee may serve on the boards of other public corporations pursuant to the terms and conditions
of Employer&#146;s Corporate Governance Principles, as may </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>

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be amended from time to time. As in effect as of the date of this Agreement, Employer&#146;s Corporate Governance Principles are interpreted to permit Employer&#146;s Chief Executive Officer to
serve on one (1)&nbsp;public company board in addition to the Board of Directors. In addition, upon the approval by the Nominating and Governance Committee of the Board of Directors,