SEC Contract Filing

Filing Date: 2016-02-24

Document Content:
<DOCUMENT>
<TYPE>EX-10.81
<SEQUENCE>3
<FILENAME>a201510-kexx1081.htm
<DESCRIPTION>EXHIBIT 10.81
<TEXT>
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<a name="se40b1c6dbe3546fcade34472de3c91ab"></a><div><div style="line-height:120%;text-align:right;padding-left:432px;font-size:10pt;"><font style="font-family:Frutiger LT 45 Light,sans-serif;font-size:10pt;font-weight:bold;">Exhibit 10.81</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><a name="s4DEADC593D8D626CA7D889F4562AF863"></a><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;">THIS AGREEMENT CONTAINS AN ARBITRATION PROVISION PURSUANT TO <br>THE FEDERAL ARBITRATION ACT (9 U.S.C. &#167;&#160;1 ET SEQ.) AND/OR THE S.C. <br>UNIFORM ARBITRATION ACT (S.C. CODE &#167;&#160;15-48-10 ET SEQ.)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">AMENDED AND RESTATED</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;">EMPLOYMENT AND NONCOMPETITION AGREEMENT</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 AND NONCOMPETITION AGREEMENT (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;) is made and entered into on December 9, 2015, 2015 (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Signing Date</font><font style="font-family:inherit;font-size:12pt;">&#8221;) by and between Blackbaud, Inc., a Delaware corporation (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Company</font><font style="font-family:inherit;font-size:12pt;">&#8221;), and Michael P. Gianoni (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Executive</font><font style="font-family:inherit;font-size:12pt;">&#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;">RECITALS</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;">WHEREAS, the Company and Executive are parties to that November 8, 2013 Employment and Noncompetition Agreement (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Initial Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;);</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;">WHEREAS, the parties desire to amend and restate the Initial Agreement pursuant to the terms of this Agreement; </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;">WHEREAS, the Company desires to continue to employ Executive as the President and Chief Executive Officer of the Company; </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;">WHEREAS, Executive is willing to accept continued employment in such positions with the Company in accordance with the terms of this Agreement; and</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;">WHEREAS, following execution of this Agreement and effective upon the Term Commencement Date, the Agreement shall become effective and the Initial Agreement shall be superseded and replaced in its entirety by this Agreement; provided, however, that this Agreement shall be effective with respect to Section 3.2 hereof on the Signing Date;</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 foregoing premises and the mutual covenants of the parties set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are acknowledged, IT IS HEREBY AGREED AS FOLLOWS:</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;">AGREEMENT</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;">1.&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Employment; Term</font><font style="font-family:inherit;font-size:12pt;">. Subject to and upon the terms and conditions herein provided, the Company hereby agrees to employ Executive and Executive hereby agrees to be employed by the Company for the term of this Agreement, which term shall begin as of January&#160;1, 2016</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">&#32;</font><font style="font-family:inherit