SEC Contract Filing

Filing Date: 2017-12-20

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>frta20171219ex102.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
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<div><a name="sD582999130C21A683C87710EBD89E7B0"></a></div><div></div><div><br></div><div style="line-height:120%;padding-top:4px;text-align:left;padding-left:213px;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;color:#2b2b2b;font-weight:bold;">EMPLOYMENT AGREEMENT</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:13px;text-indent:49px;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;color:#2b2b2b;">This EMPLOYMENT AGREEMENT (the "</font><font style="font-family:inherit;font-size:11.5pt;color:#2b2b2b;text-decoration:underline;">Agreement</font><font style="font-family:inherit;font-size:11.5pt;color:#2b2b2b;">") is entered into as of the 18th day of December, 2017 between Forterra, Inc., a Delaware corporation (the "</font><font style="font-family:inherit;font-size:11.5pt;color:#2b2b2b;text-decoration:underline;">Company</font><font style="font-family:inherit;font-size:11.5pt;color:#2b2b2b;">") and Lori M. Browne (the </font><font style="font-family:inherit;font-size:11.5pt;color:#2b2b2b;text-decoration:underline;">"Executive")</font><font style="font-family:inherit;font-size:11.5pt;color:#2b2b2b;">&#32;(each of the foregoing individually a "</font><font style="font-family:inherit;font-size:11.5pt;color:#2b2b2b;text-decoration:underline;">Party</font><font style="font-family:inherit;font-size:11.5pt;color:#2b2b2b;">" and collectively the "</font><font style="font-family:inherit;font-size:11.5pt;color:#2b2b2b;text-decoration:underline;">Parties</font><font style="font-family:inherit;font-size:11.5pt;color:#2b2b2b;">").</font></div><div style="line-height:120%;text-align:left;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;"><br></font></div><div style="line-height:119%;text-align:justify;padding-left:13px;text-indent:48px;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;color:#2b2b2b;">WHEREAS, the Executive and Forterra Pipe &amp; Precast, LLC, a subsidiary of the Company, are parties to that certain letter agreement dated February 22, 2015 (the "</font><font style="font-family:inherit;font-size:11.5pt;color:#2b2b2b;text-decoration:underline;">Prior Agreement</font><font style="font-family:inherit;font-size:11.5pt;color:#2b2b2b;">");</font></div><div style="line-height:120%;text-align:left;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;"><br></font></div><div style="line-height:121%;text-align:justify;padding-left:12px;text-indent:49px;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;color:#2b2b2b;">WHEREAS, the Company wishes to continue to employ the Executive and the Executive wishes to continue to be employed by the Company, in each case, from and after the Effective Date (as defined below) on the terms and conditions set forth herein.</font></div><div style="line-height:121%;padding-top:16px;text-align:justify;padding-left:12px;text-indent:48px;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;color:#2b2b2b;">NOW, THEREFORE, in consideration of the covenants, promises and representations set forth herein, and for other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, the Parties hereto, intending to be legally bound, hereby agree as follows:</font></div><div style="line-height:120%;padding-left:9px;padding-top:14px;text-align:justify;text-indent:50px;"><font style="padding-top:14px;text-align:justify;font-family:inherit;font-size:11.5pt;padding-right:46px;">1.</font><font style="font-family:inherit;font-size:11.5pt;color:#2b2b2b;text-decoration:underline;">Employment.</font><font style="font-family:inherit;font-size:11.5pt;color:#2b2b2b;">&#32;&#32;The Executive's employment hereunder shall commence effective as of December 18, 2017, (the "</font><font style="font-family:inherit;font-size:11.5pt;color:#2b2b2b;text-decoration:underline;">Effective Date</font><font style="font-family:inherit;font-size:11.5pt;color:#2b2b2b;">") and end on the date the Executive's employment is terminated pursuant to Section 5 hereof (the "</font><font style="font-family:inherit;font-size:11.5pt;color:#2b2b2b;text-decoration:underline;">Employment Period</font><font style="font-family:inherit;font-size:11.5pt;color:#2b2b2b;">"). During the Employment Period, the Executive will devote substantially all of her full business time and use her best efforts to advance the business and welfare of the Company and its subsidiaries and affiliates and will not engage in (i) any other employment or business activities, or (ii) any other activities for any direct or indirect remuneration that would be harmful or detrimental to the business and affairs of the Company or that would interfere with her duties hereunder. The foregoing, however, shall not preclude the Executive from (A) serving on civic or charitable boards or committees, managing personal investments, or engaging in such other activities as the Board of Directors of the Company or its equivalent (such entity, the "</font><font style="font-family:inherit;font-size:11.5pt;color:#2b2b2b;text-decoration:underline;">Board</font><font style="font-family:inherit;font-size:11.5pt;color:#2b2b2b;">") may approve from time to time, nor (B) owning up to five percent (5%) of any class of equity securities of any corporation having a class of equity securities registered pursuant to the Securities Exchange Act of 1934, as amended, which are publicly owned