SEC Contract Filing

Filing Date: 2017-11-09

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>xone-ex101_321.htm
<DESCRIPTION>EX-10.1
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<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.1</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;font-size:11pt;font-style:normal;text-transform:none;font-variant: normal;">EXECUTIVE AT-WILL EMPLOYMENT AGREEMENT</p>
<p style="margin-bottom:8pt;margin-top:0pt;text-indent:7.69%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This EXECUTIVE AT-WILL EMPLOYMENT AGREEMENT (&#8220;At-Will Agreement&#8221;) dated as of August 4, 2017, is by and between The ExOne Company, a Delaware corporation (the &#8220;Company&#8221;), and JoEllen Lyons Dillon (the &#8220;Executive&#8221;).&nbsp;&nbsp;Collectively, the Employee and the Company are referred to herein as the &#8220;Parties.&#8221;</p>
<p style="margin-bottom:8pt;margin-top:0pt;text-indent:7.69%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, the Company and the Executive have mutually agreed to terminate the Executive&#8217;s current employment agreement, dated March 7, 2013, by mutual amendment, and replace it with this At-Will Agreement, freely negotiated by the Parties, wherein the Executive shall be employed as an at-will employee of the Company, effective as provided herein;</p>
<p style="margin-bottom:8pt;margin-top:0pt;text-indent:7.69%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, the Company desires to employ the Executive on an at-will basis and the Executive agrees to such at-will employment with the Company as the Executive Vice President &#8211; Strategic Development and Capital Markets, Chief Legal Officer and Corporate Secretary of the Company as more fully articulated herein; and</p>
<p style="margin-bottom:8pt;margin-top:0pt;text-indent:7.69%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, the Executive is willing to commit herself to serve the Company, on the terms and conditions herein provided.</p>
<p style="margin-bottom:8pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In order to effect the foregoing, the Company and the Executive wish to enter into this At-Will Agreement on the terms and conditions set forth below.&nbsp;&nbsp;Accordingly, in consideration of the premises and the respective covenants and agreements of the Parties herein contained, and intending to be legally bound hereby, the parties hereto agree as follows:</p>
<p style="text-align:center;margin-bottom:8pt;margin-top:0pt;text-indent:0%;color:#000000;font-family:Times New Roman;text-transform:uppercase;font-size:11pt;font-weight:normal;font-style:normal;font-variant: normal;">ARTICLE 1<font style="color:#000000;"><br />TERMINATION OF MARCH 2013 AGREEMENT AND EXECUTION OF THIS AT-WILL AGREEMENT</font></p>
<p style="margin-bottom:8pt;margin-top:0pt;text-indent:0%;color:#000000;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 1.01.<font style="margin-left:0pt;"></font><font style="color:#000000;">Termination of March 2013 Agreement.&nbsp;&nbsp;The Parties agree that, contingent upon the Executive&#8217;s execution and non-revocation of the release and waiver agreement attached hereto as Exhibit A, and the payments or benefits set forth in this Section 1.01, (1) the March 7, 2013 Employment Agreement (&#8220;March 2013 Agreement&#8221;) between the Executive and the Company shall be terminated with no further obligations on the part of the Company under the March 2013 Agreement for the payment of any compensation, severance, bonuses, benefits or other remuneration that is, or arguably could be, due and owing to the Executive under the terms of the March 2013 Agreement, except for reimbursable expenses and (2) this At-Will Agreement shall govern the Executive&#8217;s continued service with the Company.&nbsp;&nbsp;This At-Will Agreement shall become effective immediately following the expiration of the revocation period of the release and waiver agreement attached hereto in Exhibit A (the &#8220;Effective Date&#8221;).&nbsp;&nbsp;In connection with the foregoing, the Company shall grant or pay the benefits set forth below to the Executive on the later of: two (2) business days after the Company&#8217;s Second Quarter 2017 Earnings Conference Call or ten (10) days after the Effective Date:</font></p>
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