SEC Contract Filing

Filing Date: 2023-03-10

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>fgp-20230131xex10d1.htm
<DESCRIPTION>EX-10.1
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge 9.14.0.96--><!--Created on: 3/9/2023 06:47:02 PM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:right;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><b style="font-size:11pt;font-weight:bold;">EXHIBIT 10.1</b></p><p style="font-family:'Gill Sans MT';font-size:10pt;line-height:1.19;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';"><img src="fgp-20230131xex10d1001.jpg" alt="Graphic" style="display:inline-block;height:57.75pt;left:0%;padding-bottom:0.75pt;position:relative;top:0pt;width:180pt;"></font></p><p style="font-family:'Gill Sans MT';font-size:12pt;line-height:1.19;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Gill Sans MT';font-size:12pt;line-height:1.19;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Gill Sans MT';font-size:12pt;line-height:1.19;margin:0.34pt 0pt 0pt 0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:9.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Gill Sans MT';font-size:12pt;line-height:2.56;margin:5pt 361.4pt 0pt 5.7pt;">January 11,<font style="letter-spacing:-0.05pt;"> </font>2023</p><p style="font-family:'Gill Sans MT';font-size:12pt;line-height:2.56;margin:5pt 361.4pt 0pt 5.7pt;">Dear Michael Cole,</p><p style="font-family:'Gill Sans MT';font-size:12pt;line-height:1.27;margin:0pt 3.9pt 0pt 5.7pt;"><font style="letter-spacing:-0.1pt;">Thank</font><font style="letter-spacing:-0.7pt;"> </font><font style="letter-spacing:-0.1pt;">you</font><font style="letter-spacing:-0.7pt;"> </font><font style="letter-spacing:-0.1pt;">for</font><font style="letter-spacing:-0.7pt;"> </font><font style="letter-spacing:-0.1pt;">your</font><font style="letter-spacing:-0.7pt;"> </font><font style="letter-spacing:-0.1pt;">interest</font><font style="letter-spacing:-0.7pt;"> </font><font style="letter-spacing:-0.1pt;">in</font><font style="letter-spacing:-0.7pt;"> </font><font style="letter-spacing:-0.1pt;">joining</font><font style="letter-spacing:-0.65pt;"> </font><font style="letter-spacing:-0.1pt;">Ferrellgas!</font><font style="letter-spacing:2pt;"> </font><font style="letter-spacing:-0.1pt;">We</font><font style="letter-spacing:-0.7pt;"> </font><font style="letter-spacing:-0.1pt;">are</font><font style="letter-spacing:-0.7pt;"> </font><font style="letter-spacing:-0.1pt;">pleased</font><font style="letter-spacing:-0.7pt;"> </font><font style="letter-spacing:-0.1pt;">to</font><font style="letter-spacing:-0.7pt;"> </font><font style="letter-spacing:-0.1pt;">offer</font><font style="letter-spacing:-0.7pt;"> </font><font style="letter-spacing:-0.1pt;">you</font><font style="letter-spacing:-0.7pt;"> the Chief Financial Officer (CFO)</font> position with a tentative start date of February<font style="letter-spacing:-0.05pt;"> </font>20, 2023. Your compensation package will include an annual base salary of $525,000.00 to be paid bi- weekly during your employment.</p><p style="font-family:'Gill Sans MT';font-size:12pt;line-height:1.27;margin:0pt 3.9pt 0pt 5.7pt;"><font style="line-height:1.19;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Gill Sans MT';font-size:12pt;line-height:1.27;margin:0pt 3.9pt 0pt 5.7pt;">In addition to your base salary, you will also be included in the Short-Term Incentive Plan (STIP), Long-Term Incentive Plan (LTIP), and receive a Sign-On Bonus in which additional details are included below.</p><p style="font-family:'Gill Sans MT';font-size:12pt;line-height:1.19;margin:0.25pt 0pt 0pt 0pt;"><font style="font-size:12.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Gill Sans MT';font-size:12pt;line-height:1.27;margin:0.05pt 3.9pt 0pt 5.7pt;">You will<font style="letter-spacing:-0.85pt;"> </font>be<font style="letter-spacing:-0.85pt;"> </font>eligible<font style="letter-spacing:-0.85pt;"> </font>to<font style="letter-spacing:-0.8pt;"> </font>receive<font style="letter-spacing:-0.8pt;"> </font>a Short-Term Incentive Plan (STIP)<font style="letter-spacing:-0.85pt;"> </font>target<font style="letter-spacing:-0.85pt;"> </font>of<font style="letter-spacing:-0.85pt;"> </font>75%<font style="letter-spacing:-0.85pt;"> </font>of<font style="letter-spacing:-0.85pt;"> </font>your base salary.<font style="letter-spacing:2pt;"> </font>Your incentive will be based on multiple factors including overall company EBITDA achievement and your individual performance achievement. Your STIP eligibility will begin on August 1, 2023, the beginning of the fiscal year.</p><p style="font-family:'Gill Sans MT';font-size:12pt;line-height:1.27;margin:0.05pt 3.9pt 0pt 5.7pt;"><font style="letter-spacing:-0.1pt;line-height:1.19;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Gill Sans MT';font-size:12pt;line-height:1.27;margin:0.05pt 3.9pt 0pt 5.7pt;"><font style="letter-spacing:-0.1pt;white-space:pre-wrap;">You will also be eligible to participate in the company&#8217;s Long-Term Incentive Plan (LTIP). Details of the plan are included as an attachment for your reference.</font></p><p style="font-family:'Gill Sans MT';font-size:12pt;line-height:1.27;margin:0.05pt 3.9pt 0pt 5.7pt;"><font style="letter-spacing:-0.1pt;line-height:1.19;margin-left:0pt;margin-rig