SEC Contract Filing

Filing Date: 2017-12-18

Document Content:
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 <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">Gerry Lopez </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">President and Chief Executive Officer </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Extended Stay America, Inc. and ESH Hospitality, Inc. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">11525 N.
Community House Rd., Suite 100 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Charlotte, NC 28277 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear
Gerry: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Following up our previous discussion, this letter confirms the terms of your continued employment during the transition period from your
leadership to Jonathan Halkyard. Upon receiving your letter of resignation from your positions as President and Chief Executive Officer of Extended Stay America, Inc. (&#147;ESA&#148;) and ESH Hospitality, Inc. (&#147;ESH&#148;), your positions on
the ESA and ESH boards of directors, and your officer positions in ESA&#146;s various subsidiaries, each effective January&nbsp;1, 2018, the following terms will become effective: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="38%"> <P STYLE=" margin-top:0pt; margin-bottom:1pt; margin-left:2%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">New Title </P></TD>
<TD>Senior Advisor, reporting to Jonathan Halkyard. You will be an employee and not an independent contractor. </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="38%"> <P STYLE=" margin-top:0pt; margin-bottom:1pt; margin-left:2%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">Length of Assignment </P></TD>
<TD>January&nbsp;1, 2018 through March&nbsp;18, 2018 </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="38%"> <P STYLE=" margin-top:0pt; margin-bottom:1pt; margin-left:2%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">Duties </P></TD>
<TD>Assistance and advice as needed and requested by Jonathan to support his transition into the roles as President and CEO of ESA and ESH and as a member of the boards of directors. There is no minimum hour commitment on your part.
</TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="38%"> <P STYLE=" margin-top:0pt; margin-bottom:1pt; margin-left:2%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">Support </P></TD>
<TD>We will maintain a physical office for your use at the CSC in the 3<SUP STYLE="font-size:85%; vertical-align:top">rd</SUP> floor <FONT STYLE="white-space:nowrap">C-suite.</FONT> Jill will continue to support your administrative needs. You may
work remotely or at CSC at your discretion except as Jonathan specifically requests. The Company will continue to allow for travel privileges consistent with those afforded to you while CEO. These privileges will end upon termination.
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<TD WIDTH="38%"> <P STYLE=" margin-top:0pt; margin-bottom:1pt; margin-left:2%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">Base Salary </P></TD>
<TD>You will paid a base salary of $543, 465 (when annualized) which includes $3,000 per month housing allowance. You will be paid <FONT STYLE="white-space:nowrap">bi-weekly</FONT> through ESA&#146;s normal payroll process. Ordinary tax, benefit and
other required payroll deductions and withholdings will continue to be taken through your employment period. </TD></TR></TABLE>

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<TD WIDTH="38%"> <P STYLE=" margin-top:0pt; margin-bottom:1pt; margin-left:2%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">Benefits </P></TD>
<TD>You will continue to be eligible to participate in ESA&#146;s standard benefits program through your employment. Upon termination, you are eligible to continue benefits coverage through COBRA. This coverage is available to you for up to 18
months. The cost of continued coverage under COBRA is your responsibility. </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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