SEC Contract Filing

Filing Date: 2023-01-26

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d438184dex101.htm
<DESCRIPTION>EX-10.1
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<TITLE>EX-10.1</TITLE>
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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" ALIGN="center"><U>EMPLOYMENT AGREEMENT </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">THIS EMPLOYMENT AGREEMENT (this &#147;<U>Agreement</U>&#148;) is made as of January&nbsp;30, 2023 (the &#147;<U>Effective Date</U>&#148;),
between AdTheorent Holding Company, Inc., a Delaware corporation (the &#147;<U>Company</U>&#148;), and Patrick Elliott (&#147;<U>Executive</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">In consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">1. <U>Employment</U>. The Company shall employ Executive, and Executive hereby
accepts employment with the Company, upon the terms and conditions set forth in this Agreement for the period beginning on the Effective Date and ending as provided in <U>Section</U><U></U><U>&nbsp;4</U> hereof (the &#147;<U>Employment
Period</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">2. <U>Position and Duties</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) During the Employment Period, Executive shall serve as the Chief Financial Officer of the Company, reporting to the Chief Executive
Officer of the Company, and subject to the power of the Board of Directors of the Company (the &#147;Board) or officers of the Company assigned by the Board to expand or limit Executive&#146;s duties, responsibilities, functions and authority in a
manner reasonably consistent with Executive&#146;s title. Executive acknowledges and agrees that he owes a fiduciary duty of loyalty, fidelity and allegiance to act at all times in the best interests of the Company and its Subsidiaries and
Affiliates and to do no act which would, directly or indirectly, injure the Company&#146;s (and its Subsidiaries&#146; and Affiliates&#146;) business, interests or reputation. In addition, (i)&nbsp;Executive will use his best efforts to promote the
interests, prospects and condition (financial and otherwise) and welfare of the Company and its Subsidiaries and Affiliates and shall perform his duties and responsibilities to the best of his ability in a diligent, trustworthy, businesslike and
efficient manner and (ii)&nbsp;Executive shall comply at all times with all lawful policies and codes of conduct of the Company and its Subsidiaries and Affiliates, as such policies and codes may change from time to time, that are provided to
Executive in writing (or as set forth in the employee handbook). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) During the Employment Period, Executive shall report to the CEO and
shall devote his best efforts and his full business time and attention (except for permitted vacation periods and reasonable periods of illness or other incapacity) to the business and affairs of the Company and its Subsidiaries and Affiliates.
Executive may serve on the board of directors (or its equivalent) of noncompetitive, religious, civic or charitable entities without the prior written approval of the Board so long as such service is not disruptive, or does not interfere with
Executive&#146;s obligations hereunder, to the business of the Company or its Subsidiaries or Affiliates. Executive shall, if so requested by the Company, also serve without additional compensation, as an officer, director or manager of any
Subsidiary or Affiliate of the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) During the Employment Period, Executive will be located within commuting distance from the
Company&#146;s office in Denver, Colorado (or other Company office as agreed), subject to travel on business of the Company to the extent reasonably required by the Company in order to perform Executive&#146;s duties to the Company under this
Agreement, which shall include periodic travel to the Company&#146;s New York headquarters. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(d) For purposes of this Agreement, (i) &#147;<U>Subsidiary</U>&#148; means, to the extent
applicable from time to time, any corporation or other entity of which the securities or other ownership interests having the voting power to elect a majority of the board of directors or other governing body are, at the time of determination, owned
by the Company, directly or through one or more subsidiaries and (ii) &#147;<U>Affiliate</U>&#148; of an entity means any other person or entity, directly or indirectly controlling, controlled by or under common control with an entity. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">3. <U>Compensation and Benefits</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) During the Employment Period, Execut