SEC Contract Filing

Filing Date: 2016-02-23

Document Content:
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<TYPE>EX-10.17
<SEQUENCE>3
<FILENAME>ex1017.htm
<DESCRIPTION>EX-10.17
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<a name="sfe831edd8fab42e083cb94014ad8f21a"></a><div><div style="line-height:120%;padding-bottom:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;padding-bottom:16px;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EXHIBIT 10.17</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;"><img src="ldr-logo2.jpg" style="font-weight:bold;height:69px;width:164px;"></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">June 10, 2013</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">James Burrows</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:10pt;">Re:</font><font style="font-family:inherit;font-size:12pt;">&#32;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EMPLOYMENT TERMS</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Dear James:</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">LDR Holding Corporation (the &#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Company</font><font style="font-family:inherit;font-size:10pt;">&#8221;) is pleased to offer to continue your employment as Chief Operating Officer of the Company on the terms and conditions set forth in this letter, effective as of June 10, 2013 (the &#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Effective Date</font><font style="font-family:inherit;font-size:10pt;">&#8221;). This letter amends and restates in its entirety any prior agreement you have with the Company with respect to your employment (the &#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Original Employment Letter</font><font style="font-family:inherit;font-size:10pt;">&#8221;). </font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TERM.</font><font style="font-family:inherit;font-size:10pt;">&#32;&#32;The employment relationship between you and the Company will be at-will. You and the Company will have the right to terminate the employment relationship at any time and for any reason whatsoever, with or without cause, and without any liability or obligation except as may be expressly provided herein. </font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">POSITION, DUTIES AND RESPONSIBILITIES.</font><font style="font-family:inherit;font-size:10pt;">&#32;&#32;During the period of the employment relationship between you and the Company (the &#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Term</font><font style="font-family:inherit;font-size:10pt;">&#8221;), the Company will employ you, and you agree to be employed by the Company, as Chief Operating Officer of the Company. In the capacity of Chief Operating Officer, you will have such duties and responsibilities as are normally associated with such position and will devote your full business time and attention serving the Company in such position. Your duties may be changed from time to time by the Company, consistent with your position. You will report to the Chief Executive Officer of the Company (the &#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CEO</font><font style="font-family:inherit;font-size:10pt;">&#8221;), and will work full-time at our principal offices located at 13785 Research Blvd., Austin, TX 78750 (or such other location as the Company may utilize as its principal offices), except for travel to other locations as may be necessary to fulfill your responsibilities. </font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">BASE COMPENSATION.</font><font style="font-family:inherit;font-size:10pt;">&#32;&#32;During the Term, the Company will pay you a base salary of $230,000 per year, less payroll deductions and all required withholdings, payable in accordance with the Company&#8217;s normal payroll practices and prorated for any partial month of employment. Your base salary may be subject to increase pursuant to the Company&#8217;s policies as in effect from time to time. </font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ANNUAL BONUS.</font><font style="font-family:inherit;font-size:10pt;">&#32;&#32;In addition to