SEC Contract Filing

Filing Date: 2019-03-01

Document Content:
<DOCUMENT>
<TYPE>EX-10.44
<SEQUENCE>2
<FILENAME>exhibit1044.htm
<DESCRIPTION>EXHIBIT 10.44
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
 <!-- Document created using Wdesk 1 -->
 <!-- Copyright 2019 Workiva -->
 <title>Exhibit</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="sD78DE09E725FAA47F6A2E3933DF0833C"></a></div><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit 10.44</font></div></div><div><br></div><div style="line-height:137%;padding-top:1px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">EMPLOYMENT AGREEMENT</font></div><div style="line-height:138%;padding-top:4px;text-align:left;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">This EMPLOYMENT AGREEMENT (the &#8220;Agreement&#8221;) is entered into by and among Avangrid Management Company, LLC, a Delaware limited liability company (the &#8220;Company&#8221;), a wholly-owned subsidiary of Avangrid, Inc., and Peter Church (the &#8220;Executive&#8221;) as of September 27, 2018.</font></div><div style="line-height:120%;padding-bottom:4px;padding-top:8px;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"></font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">1.</font><font style="font-family:inherit;font-size:12pt;">&#32;&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Defined Terms.</font><font style="font-family:inherit;font-size:12pt;">&#32;The definitions of capitalized terms used in this Agreement, unless otherwise defined herein, are provided in the last Section hereof.</font></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"></font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">2.</font><font style="font-family:inherit;font-size:12pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Employment.</font><font style="font-family:inherit;font-size:12pt;">&#32;The Company hereby agrees to employ the Executive, and the Executive hereby agrees to serve the Company, on the terms and conditions set forth herein, until Executive&#8217;s employment is terminated in accordance with the terms of this Agreement (the &#8220;Term&#8221;).</font></div><div style="line-height:138%;padding-bottom:4px;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"></font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">3.</font><font style="font-family:inherit;font-size:12pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Term of Agreement.</font><font style="font-family:inherit;font-size:12pt;">&#32;The Term will commence on the date hereof and continue until the Date of Termination (as defined below).</font></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"></font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">4.</font><font style="font-family:inherit;font-size:12pt;">&#32;</font><font style="font-family:inherit;font-size:12pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Position and Duties.</font><font style="font-family:inherit;font-size:12pt;">&#32;The Executive shall serve as Chief Human Resources Officer of Avangrid and such other positions as may be assigned from time to time by the Company, and shall have such responsibilities, duties and authority that are consistent with such positions as may from time to time be assigned to the Executive by the Company. The Executive shall devote substantially all his working time and efforts to the business and affairs of the Company and its subsidiaries and affiliates; provided, however, that Executive may serve on the boards of directors of profit or not-for-profit organizations with the consent of the Company, such consent not to be unreasonably withheld, and may attend to his personal affairs, provided in each case that such activities do not unreasonably interfere with the performance of his duties hereunder or cause a conflict of interest. Executive shall be based in the Company&#8217;s offices in Orange, Connecticut. The Executive recognizes that his duties will require, at the Company&#8217;s expense, travel to domestic and international locations.</font></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"></font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">5.</font><font style="font-family:inherit;font-size:12pt;">&#32;&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Compensation and Related Matters.</font></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.1. </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Base Salary.</font><font style="font-family:inherit;font-size:12pt;">&#32;The Company shall pay the Executive a base salary (the &#8220;Base Salary&#8221;) during the period of the Executive&#8217;s employment hereunder, which shall be at an initial rate of Three