SEC Contract Filing

Filing Date: 2016-04-05

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d147830dex101.htm
<DESCRIPTION>EX-10.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-10.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>EMPLOYMENT AGREEMENT</U> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">This EMPLOYMENT AGREEMENT (the &#147;Agreement&#148;) is made on the 5<SUP STYLE="font-size:85%; vertical-align:top">th</SUP> day of April
2016 by and between LINDSAY CORPORATION, a Delaware corporation (the &#147;Company&#148; or &#147;Lindsay&#148;) and Brian L. Ketcham (the &#147;Executive&#148;). </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>WITNESSETH</U>: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, the
Company desires to employ Executive as Vice President and Chief Financial Officer; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company and Executive desire to
obtain assurances of continued employment of Executive for the period provided in this Agreement; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the
foregoing and the mutual promises and agreements hereinafter set forth, the Company and the Executive agree as follows: </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE I
</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B></B>EMPLOYMENT AND DUTIES<B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.1 <U>Position and Responsibilities</U>. The Company hereby employs the Executive to render full-time exclusive services (as defined in
Section&nbsp;1.3 hereof) to the Company during the Term (as hereinafter defined), subject to the direction of the President of Lindsay (the &#147;President&#148;) or such other person as the President or the Board of Directors of Lindsay (the
&#147;Board&#148;) may designate from time to time (the President or such other person so designated, the &#147;Supervisor&#148;). In such capacity and subject to such direction, the Executive shall (i)&nbsp;devote his full professional time and
attention, best efforts, energy and skills to the services required of him as an employee of the Company, except for paid time off taken in accordance with the Company&#146;s policies and practices, and subject to the Company&#146;s policies
pertaining to reasonable periods of absence due to sickness, personal injury or other disability; (ii)&nbsp;use his best efforts to promote the interests of the Company; (iii)&nbsp;comply with all applicable governmental laws, rules and regulations
and with all of the Company&#146;s policies, rules and/or regulations applicable to the employees of the Company, including, without limitation, the Code of Business Conduct and Ethics of the Company as amended from time to time; and
(iv)&nbsp;discharge his responsibilities in a diligent and faithful manner, consistent with sound business practices and in accordance with the Supervisor&#146;s directives. As of the date of this Agreement, the Executive is serving as the Chief
Financial Officer of the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.2 <U>Acceptance</U>. The Executive hereby accepts such employment and agrees to render the services
described above in the manner described above. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.3 <U>Exclusive Service</U>. It is understood and agreed that the Executive may not
engage in other business activities during the Term, whether or not for profit or other pecuniary advantage; provided, however, that the Executive may make financial investments which do not involve his active participation and may engage in other
activities such as participation in charitable, educational, religious, civic and similar type organizations and similar types of activities and, with the consent of the President, may serve as an outside director on the board of directors of other
corporations which are not affiliates or competitors of the Company or any of </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 1 - </P>

<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
its affiliates, all to the extent that such activities do not hinder or interfere with the performance of his duties under this Agreement or conflict with the policies of Lindsay concerning
conflicts of interest or with the businesses of Lindsay or any of its affiliates in any material way. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE II </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">TERM </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.1 <U>Term</U>. Beginning
on April&nbsp;11, 2016, the Executive will be employed by the Company for a period of twelve (12)&nbsp;months, unless his employment is terminated at an earlier date in accordanc