SEC Contract Filing

Filing Date: 2017-04-14

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>a17-11360_1ex10d1.htm
<DESCRIPTION>EX-10.1
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit&nbsp;10.1</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EMPLOYMENT AGREEMENT</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Chad L. Williams)</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">THIS EMPLOYMENT AGREEMENT (&#147;<b>Agreement</b>&#148;) is</font> entered into on April&nbsp;11, 2017 and effective as of April&nbsp;3, 2017 (the &#147;<b>Effective Date</b>&#148;), by and among QTS Realty Trust,&nbsp;Inc., a Maryland corporation (together with any successor general partner of the Operating Partnership, (the &#147;<b>Company</b>&#148;), QualityTech, LP, a Delaware limited partnership (the &#147;<b>Operating Partnership</b>&#148;), Quality Technology Services, LLC, a Delaware limited liability company and an affiliate of the Operating Partnership (the &#147;<b>Employer</b>&#148;), and Chad L. Williams, an individual (&#147;<b>Executive</b>&#148;), with respect to the following facts and circumstances:</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">RECITALS</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, Executive has been employed by Employer as an executive of the Company, the Operating Partnership and the Employer pursuant to an employment agreement, dated August&nbsp;15, 2013 (the &#147;<b>Prior Agreement</b>&#148;);</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, the Employer and Executive desire to continue their employment relationship, with the Employer employing Executive to serve as the Company&#146;s, the Operating Partnership&#146;s and the Employer&#146;s Chief Executive Officer (&#147;<b>CEO</b>&#148;) and Executive accepting such employment and appointments, on the terms set forth below; and</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, the parties desire that this Agreement supersede and replace Prior Agreement in its entirety.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">NOW, THEREFORE, in consideration of the mutual promises, covenants and agreements set forth herein, the parties hereto agree as follows:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ARTICLE&nbsp;1<br> EMPLOYMENT, TERM AND DUTIES</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Employment and Positions; Prior Agreement Superseded</u>. During the Term (defined below), the Employer shall employ Executive to serve as, and the Company shall appoint or cause to be appointed the Executive to the position of, CEO of the Company, upon the terms and conditions set forth in this Agreement, and Executive shall report directly to the Board of Directors of the Company (the &#147;<b>Board</b>&#148;), unless otherwise determined by the Board.&#160; In addition, during the Term, Executive shall serve as the CEO of both the Operating Partnership and the Employer and shall report to the Board, unless otherwise determined by the Board.&#160; For the avoidance of doubt, Executive shall be an employee of Employer.&#160; This Agreement shall supersede and replace the Prior Agreement, which shall be of no further force or effect as of the Effective Date.</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.2&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Term</u>.&#160; The period of employment of the Executive by the Employer shall commence upon the Effective Date and, subject to earlier termination as provided in this Agreement, continue thereafter