SEC Contract Filing

Filing Date: 2020-03-12

Document Content:
<DOCUMENT>
<TYPE>EX-10.8
<SEQUENCE>3
<FILENAME>ck1723866-ex108_124.htm
<DESCRIPTION>EX-10.8
<TEXT>
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ck1723866-ex108_124.htm
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<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;text-indent:7.69%;"><font style="margin-left:36pt;"></font>Exhibit 10.8</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;text-transform:uppercase;font-size:12pt;font-family:Times New Roman;font-style:normal;font-variant: normal;"><font style="text-decoration:underline;">EMPLOYMENT AGREEMENT</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">THIS EMPLOYMENT AGREEMENT (this &#8220;<font style="text-decoration:underline;">Agreement</font>&#8221;), dated as of October 22, 2018 (the &#8220;<font style="text-decoration:underline;">Effective Date</font>&#8221;), is entered into by and between Select Interior Concepts, Inc., a Delaware corporation (the &#8220;<font style="text-decoration:underline;">Company</font>&#8221;), and Shawn Baldwin (the &#8220;<font style="text-decoration:underline;">Executive</font>&#8221;).</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, the Company desires to employ the Executive and to enter into an agreement embodying the terms of such employment; and </p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, the Executive desires to accept employment with the Company, subject to the terms and conditions of this Agreement.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">NOW, THEREFORE, in consideration of the premises and mutual covenants herein, and for other good and valuable consideration, the parties agree as follows:</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:none;">1.</font><font style="text-decoration:none;margin-left:72pt;"></font><font style="text-decoration:underline;">Employment, Duties and Agreements</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:15.38%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(a)<font style="margin-left:108pt;"></font>The Company hereby agrees to employ the Executive as its General Counsel, and the Executive hereby accepts such position and agrees to serve the Company in such capacity on a full-time basis during the employment period fixed by <font style="text-decoration:underline;">Section 3</font> hereof (the &#8220;<font style="text-decoration:underline;">Employment Period</font>&#8221;).&nbsp;&nbsp;The Executive shall report to the Company&#8217;s Board of Directors (the &#8220;<font style="text-decoration:underline;">Board</font>&#8221;).&nbsp;&nbsp;The Executive shall have such duties and responsibilities as are consistent with the Executive&#8217;s position and as may be reasonably assigned by the Board from time to time.&nbsp;&nbsp;During the Employment Period, the Executive shall be subject to, and shall act in accordance with, all reasonable instructions and directions of the Board and all applicable policies and rules of the Company.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:15.38%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(b)<font style="margin-left:108pt;"></font>During the Employment Period, excluding any periods of vacation and sick leave to which the Executive is entitled, the Executive shall devote his full working time and efforts to the performance of his duties and responsibilities hereunder and shall endeavor to promote the business and best interests of the Company.&nbsp;&nbsp; </p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:15.38%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(c)<font style="margin-left:108pt;"></font>During the Employment Period, the Executive shall not engage in any business activity other than the Company without the express prior written approval of the Board.&nbsp;&nbsp;Notwithstanding the foregoing, during the Employment Period, it shall not be a violation of this Agreement for the Executive to (A)&#160;serve on corporate, civic or charitable boards or committees consistent with the Company's conflicts of interests policies and corporate governance guidelines in effect from time to time, (B)&#160;deliver lectures or fulfill speaking engagements or (C)&#160;manage his personal investments, so long as such activities do not interfere with the performance of the Executive&#8217;s responsibilities as an executive officer of the Company. </p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:none;">2.</font><font style="te