SEC Contract Filing

Filing Date: 2017-06-27

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>calamp31910910-ex101.htm
<DESCRIPTION>AMENDMENT NO. 4 TO EMPLOYMENT AGREEMENT
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<P align=right><FONT face="Times New Roman" size=2>Exhibit 10.1</FONT></P>
<P align=center><B><FONT face="Times New Roman" size=2>AMENDMENT NO. 4 <BR>TO
<BR></FONT></B><B><FONT face="Times New Roman" size=2>EMPLOYMENT AGREEMENT
</FONT></B></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>This amendment (the
&#147;</FONT><U><FONT face="Times New Roman" size=2>Amendment</FONT></U><FONT face="Times New Roman" size=2>&#148;) is made as of and effective this 31st day of
May 2017, between CalAmp Corp. (the &#147;</FONT><U><FONT face="Times New Roman" size=2>Company</FONT></U><FONT face="Times New Roman" size=2>&#148;) and Michael
Burdiek (&#147;</FONT><U><FONT face="Times New Roman" size=2>Executive</FONT></U><FONT face="Times New Roman" size=2>&#148;). </FONT></P>
<P align=center><B><FONT face="Times New Roman" size=2>RECITALS: </FONT></B></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>A. The Company and
Executive are parties to that certain Employment Agreement originally dated as
of May 27, 2011 and as previously amended on June 12, 2013, May 30, 2014 and May
30, 2016 (the &#147;</FONT><U><FONT face="Times New Roman" size=2>Employment
Agreement&#148;</FONT></U><FONT face="Times New Roman" size=2>), pursuant to which
Executive is employed by the Company. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>B. The Company and
Executive desire to amend the terms of the Employment Agreement as set forth
herein. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>NOW, THEREFORE, in
consideration of the foregoing and of the respective covenants and agreements
set forth below, the parties hereto agree as follows: </FONT></P>
<P ALIGN="JUSTIFY" STYLE="margin-left: 30pt"><FONT face="Times New Roman" size=2>Section 6(e) of the
Employment Agreement is hereby amended by deleting the first sentence thereof
and replacing with the following: </FONT></P>
<P ALIGN="JUSTIFY" STYLE="margin-left: 30pt"><FONT face="Times New Roman" size=2>&#147;If, within the 3-month
period preceding or the 12-month period following a Change of Control (as
defined below), the Company terminates Executive&#146;s employment for other than
Cause or disability or Executive terminates his employment for Good Reason (as
defined below), then (i) one hundred percent (100%) of Executive&#146;s then unvested
equity awards granted under the Company&#146;s stock incentive plans after the
Executive became an employee of the Company shall become vested and, with
respect to any options that are exercisable or become exercisable, such options
shall remain exercisable for twelve (12) months following the Termination Date,
subject to such longer period as may be provided by the Company&#146;s 2004 Incentive
Stock Plan, (ii) the Executive shall be entitled to an amount equal to eighteen
(18) months of his then Base Salary, less standard withholdings for tax and
social security purposes, payable over such eighteen (18) month term in monthly
pro rata payments commencing as of the Termination Date, (iii) the Executive
shall be entitled to an amount equal to a pro-rata portion of his target bonus
under the Company&#146;s annual incentive plan based on the number of days worked in
the year of termination, and (iv) the Company will pay the premiums for
continued coverage in the Company&#146;s health and welfare plans under the
continuation coverage provisions of COBRA for a period of eighteen (18) months
following the Termination Date (or the cash equivalent of such amount).&#148;
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<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>IN WITNESS WHEREOF, the
parties above have executed this Amendment as of the date first written above.
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 <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="80%" colSpan=2><FONT face="Times New Roman" size=2>/s/ Michael Burdiek</FONT></TD>
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 <TD noWrap align=left width="80%" colSpan=2><FONT face="Times New Roman" size=2>Michael
 Burdiek</FONT></TD>
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 <TD width="80%" colSpan=2>&nbsp;</TD>
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 <TD width="80%" colSpan=2>&nbsp;</TD>
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 <TD noWrap align=left width="80%" colSpan=2><FONT face="Times New Roman" size=2>CALAMP
 CORP.</FONT></TD>
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 <TD width="80%" colSpan=2>&nbsp;</TD>
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 <TR>
 <TD width="80%" colSpan=2>&nbsp; </TD>
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 <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="80%" colSpan=2><FONT face="Times New Roman" size=2>/s/ A.J. Moyer</FONT></TD>
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 <TD noWrap align=left width="1%"><FONT face="Times New Roman" size=2>By:&nbsp;</FONT></TD>
 <TD noWrap align=left width="79%"><FONT size=2 face="Times New Roman">A.J. &#147;Bert&#148; Moyer</FONT>&nbsp;</TD>
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 <TD noWrap align=left width="1%">&nbsp;</TD>
 <TD noWrap align=left width="79%"><FONT size=2 face="Times New Roman">Chairman of the Board</FONT></TD>
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<P STYLE="text-align: center"><FONT face="Times New Roman" size=2>2 </FONT></P>
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