SEC Contract Filing

Filing Date: 2020-04-13

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>exhibit101separationan.htm
<DESCRIPTION>EX-10.1
<TEXT>
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<title>Document</title></head><body><div id="i147940139dc44d89af48e80a75f39209_1"></div><div style="height:54pt;width:100%;"><div><font><br></font></div></div><div style="text-indent:36pt;text-align:center;margin-bottom:12pt;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%;">SEPARATION AGREEMENT AND GENERAL RELEASE</font></div><div style="text-indent:36pt;text-align:justify;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%;">This Separation Agreement and General Release (&#8216;Agreement&#8221;) is being entered into by Workiva Inc. and Scott G. Ryan (together, the &#8220;Parties&#8221;). All capitalized terms not defined herein will have the meaning set forth in the Employment Agreement between the Parties, dated February 19, 2018 (&#8220;Employment Agreement&#8221;).</font></div><div style="text-align:justify;"><font><br></font></div><div style="text-align:justify;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;WHEREAS, Mr. Ryan has been employed by Workiva subject to the terms of the Employment Agreement&#59; </font></div><div style="text-align:justify;"><font><br></font></div><div style="text-align:justify;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;WHEREAS, Mr. Ryan has received the following equity grants in connection with his employment, pursuant to the (a) Amended and Restated Workiva Inc. 2009 Incentive Plan, (b) Workiva Inc. 2014 Equity Incentive Plan, as Amended, and (c) Workiva Inc. Nonqualified Deferred Compensation Plan (all options and shares issued to Mr. Ryan, in the aggregate, pursuant to these plans, &#8220;Equity Awards&#8221;)&#58; (i) 200,000 stock options at a price of $17.92, 25,000 of which remain unvested, (ii) 50,000 stock options at a price of $13.55, 9,375 of which remain unvested, (iii) 35,955 service-based vesting restricted stock units on February 1, 2018, 11,985 of which remain unvested, (iv) 143,820 service-based cliff vesting restricted stock units on February 1, 2018, which are scheduled to vest on February 1, 2021, (v) 38,700 shares of service-based vesting restricted stock units on February 1, 2019, 25,800 of which remain unvested, and (v) 35,095 shares of service-based vesting restricted stock units on February 3, 2020 (the &#8220;2020 RSUs&#8221;)&#59;</font></div><div style="text-align:justify;"><font><br></font></div><div style="text-align:justify;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;WHEREAS, the Parties have mutually agreed to set aside the termination provisions of the Employment Agreement and separate pursuant to the terms of this Agreement&#59; and</font></div><div style="text-align:justify;"><font><br></font></div><div style="text-align:justify;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;WHEREAS, the Parties wish to resolve all matters related to Mr. Ryan&#8217;s employment with and termination from Workiva in an amicable manner.</font></div><div style="text-align:justify;"><font><br></font></div><div style="text-align:justify;margin-bottom:12pt;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;THEREFORE, the Parties agree as follows&#58;</font></div><div style="text-align:justify;margin-bottom:6pt;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%;">1.</font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%;padding-left:26pt;">TERMINATION.</font></div><div style="padding-left:36pt;text-align:justify;margin-bottom:12pt;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%;">1.1.</font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">&#160;</font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%;">Sections 5.1 through 5.6 of the Employment Agreement are superseded in their entirety by mutual agreement of the Parties and replaced by the terms of this Agreement. For clarity, Section 7 of the Employment Agreement regarding Restrictive Covenants will remain in full force and effect following the execution of this Agreement. </font></div><div style="padding-left:36pt;text-align:justify;margin-bottom:12pt;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%;">1.2.</font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">&#160;</font><font style="background-color:rgb(255,255