SEC Contract Filing

Filing Date: 2017-03-29

Document Content:
<DOCUMENT>
<TYPE>EX-10.137
<SEQUENCE>2
<FILENAME>ck0001368757-ex10137_182.htm
<DESCRIPTION>EX-10.137
<TEXT>
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<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">EXHIBIT 10.137</p>
<p style="text-align:left;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:bold;text-transform:uppercase;">&nbsp;</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;text-transform:uppercase;font-family:Times New Roman;font-size:12pt;font-style:normal;font-variant: normal;"><font style="text-decoration:underline;">EMPLOYMENT AGREEMENT</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This Amended and Restated Employment Agreement (this &#8220;<font style="text-decoration:underline;">Agreement</font>&#8221;) is entered into as of the 1st day of January, 2016 by and between Paul Cooper (&#8220;<font style="text-decoration:underline;">Executive</font>&#8221;), an individual residing at ***, ***, and GTJ REIT, Inc., a Maryland corporation (the &#8220;<font style="text-decoration:underline;">Company</font>&#8221;) with principal offices at 60 Hempstead Avenue, Suite 718, West Hempstead, New York 11552.&nbsp;&nbsp;Executive and Company may be referred to collectively as the &#8220;Parties.&#8221;&nbsp;&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS<font style="font-weight:normal;">, the Company currently employs Executive as the Chief Executive Officer of the Company pursuant to an Employment Agreement dated as of January 1, 2013 (the &#8220;</font><font style="text-decoration:underline;font-weight:normal;">Prior</font><font style="font-weight:normal;"> </font><font style="text-decoration:underline;font-weight:normal;">Agreement</font><font style="font-weight:normal;">&#8221;); and</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS<font style="font-weight:normal;">, the Company and Executive desire to amend and restate the Prior Agreement as herein set forth to reflect certain mutually agreed upon changes to the terms and conditions of Executive&#8217;s employment with the Company.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">NOW, THEREFORE<font style="font-weight:normal;">, in consideration of the mutual covenants, promises and obligations set forth herein, the parties agree as follows:</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:15.38%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">Section 1.<font style="margin-left:108pt;"></font><font style="text-decoration:underline;">Term</font><font style="font-weight:normal;">.&nbsp;&nbsp;The Company hereby continues to employ Executive, and Executive hereby accepts such continued employment, upon the terms and conditions hereinafter set forth, from January 1, 2016 through and including December 31, 2020 (the &#8220;</font><font style="text-decoration:underline;font-weight:normal;">Initial Term</font><font style="font-weight:normal;">&#8221;).&nbsp;&nbsp;This Agreement shall renew automatically for two (2) successive one (1) year periods (each, a &#8220;</font><font style="text-decoration:underline;font-weight:normal;">Renewal Term</font><font style="font-weight:normal;">&#8221;) unless either party gives notice to the other party, in writing, at least sixty (60) days prior to the expiration of the Initial Term (or any Renewal Term) of its desire to terminate the Agreement at the end of such Initial Term or Renewal Term, as the case may be.&nbsp;&nbsp;The term of this Agreement, including the Initial Term and any Renewal Term, shall be referred to hereinafter as the &#8220;</font><font style="text-decoration:underline;font-weight:normal;">Term</font><font style="font-weight:normal;">&#8221; and is subject to earlier termination as described herein.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:15.38%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">Section 2.<font style="margin-left:108pt;"></font><font style="text-decoration:underline;">Executive&#8217;s Duties</font><font style="font-weight:normal;">.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:23.08%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(a)<font style="margin-left:144pt;"></font>Executive shall continue as the Chief Executive Officer of the Company and shall report directly to the Board of Directors of the Company (the &#8220;<font style="text-decoration:underline;">Board</font>&#8221;) or its designee.&nbsp;&nbsp;Executive shall faithfully and diligently perform his duties at the direction of the Board, or its designee, to the best of Ex