SEC Contract Filing

Filing Date: 2022-12-15

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>exhibit10_1.htm
<DESCRIPTION>EXECUTIVE EMPLOYMENT AGREEMENT BETWEEN THE COMPANY AND DANIEL BERENBAUM
<TEXT>
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 <div style="text-align: right; line-height: 12.55pt; margin-top: 8pt; font-family: 'Times New Roman',Times,serif; font-size: 10pt; font-weight: bold;"> Exhibit 10.1<br>
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 <div style="text-align: center; line-height: 12.55pt; margin-top: 8pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">NATIONAL INSTRUMENTS CORPORATION</div>
 <div style="text-align: center; line-height: 12.55pt; margin-top: 8pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">EXECUTIVE EMPLOYMENT AGREEMENT</div>
 <div style="text-align: justify; text-indent: 36pt; line-height: 12.55pt; margin-top: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">This Executive Employment Agreement (this &#8220;Agreement&#8221;) by and between Daniel Berenbaum
 (&#8220;Executive&#8221;) and National Instruments Corporation (&#8220;Company&#8221;) (collectively referred to as the &#8220;Parties&#8221; or individually referred to as a &#8220;Party&#8221;) is dated to be effective as of January 9, 2023 (the &#8220;Effective Date&#8221;).</div>
 <div style="text-align: center; line-height: 12.55pt; margin-top: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;"><u>RECITALS</u></div>
 <div style="text-align: justify; text-indent: 36pt; line-height: 12.55pt; margin-top: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">WHEREAS, as of the Effective Date, the Company will employ Executive as Executive Vice President
 and Chief Financial Officer and seeks to enter into an agreement embodying the terms of such employment; and</div>
 <div style="text-align: justify; text-indent: 36pt; line-height: 12.55pt; margin-top: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">WHEREAS, Executive desires to accept such employment and enter into such an agreement.</div>
 <div style="text-align: justify; text-indent: 36pt; line-height: 12.55pt; margin-top: 12pt; margin-bottom: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">NOW, THEREFORE, in consideration of the mutual promises made herein, the
 Company and Executive hereby agree as follows:</div>
 <div style="text-align: center; line-height: 12.55pt; margin-top: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;"><u>AGREEMENT</u></div>
 <div style="margin-top: 12pt; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1.</font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab">&#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Duties and Scope of Employment</u></font>.</font></div>
 <div style="margin-top: 12pt; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(a)</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" class="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Positions and Duties</u></font>.&#160; As of the Effective Date, Executive will begin employment with
 the Company serving as Executive Vice President and Chief Financial Officer and reporting to the Company&#8217;s Chief Executive Officer and President, Eric Starkloff (&#8220;Manager&#8221;).&#160; Executive will render such business and professional services in the
 performance of his duties, consistent with Executive&#8217;s position within the Company, as shall reasonably be assigned to him by his Manager.&#160; The period of Executive&#8217;s employment under this Agreement is referred to herein as the &#8220;Employment Period.&#8221;</font></div>
 <div style="margin-top: 12pt; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(b)</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" class="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Obligations</u></font>.&#160; During the Employment Period, Executive will perform his duties faithfully
 and to the best of his ability and will devote his full business efforts and time to the Company.&#160; For the duration of the Employment Period, Executive agrees not to engage in any other employment, occupation, or consulting activity for any direct or
 indirect remuneration without his Manager&#8217;s prior written approval and subject to the approvals required by the Conflict of Interest Policy for employees of the Company.</font></div>
 <div style="margin-top: 12pt; text-indent: 40.5pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2.</font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab"> &#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>At-Will Employment</u></font>.&#160; The Parties agree that Executive&#8217;s employment with the Company will
 be at-will employment