SEC Contract Filing

Filing Date: 2015-09-22

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d46635dex101.htm
<DESCRIPTION>SECOND AMENDED AND RESTATED EMPLOYMENT AGREEMENT
<TEXT>
<HTML><HEAD>
<TITLE>Second Amended and Restated Employment Agreement</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"><B>SECOND AMENDED AND RESTATED EMPLOYMENT AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B></B>THIS SECOND AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this &#147;<B>Agreement</B>&#148;) is dated as of September&nbsp;16, 2015 (the
&#147;<B>Effective Date</B>&#148;), by and between HEALTH INSURANCE INNOVATIONS, INC., a Delaware incorporated corporation (the &#147;<B>Company</B>&#148;), and MICHAEL D. HERSHBERGER (&#147;<B>Executive</B>&#148;). <B> </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Recitals </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B></B>A. The
Company and Executive previously entered into an Amended and Restated Employment Agreement, dated as of November&nbsp;7, 2013, which was modified by that certain Letter Agreement, dated March&nbsp;30, 2015 (collectively, the &#147;<B>Prior
Agreement</B>&#148;), under which Executive served most recently as Interim Chief Financial Officer of the Company.<B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">B. The Company
and Executive desire that Executive begin to serve as Chief Financial Officer, Treasurer and Secretary of the Company in lieu of his prior position, upon the terms and conditions set forth herein. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">C. The Prior Agreement may be amended by the Company and Executive pursuant to and subject to Section&nbsp;11 of thereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">D. This Agreement shall amend and restate the Prior Agreement in its entirety. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">E. The Company and Executive agree to protect the interests of the Company and Company&#146;s customers and Confidential Information (as
defined below) that may have been or that may be disclosed to Executive as set forth herein. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Agreement </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the mutual promises made herein and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties, intending to be legally bound, agree as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>Section&nbsp;1.</B> <B><I>Employment,
Duties and Acceptance</I></B><B>.</B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) Effective as of the Effective Date, and during the Term (as defined below), Executive shall
serve as Chief Financial Officer, Treasurer and Secretary of the Company. In his capacity as Chief Financial Officer, </P>

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Treasurer and Secretary, Executive shall (i)&nbsp;manage the financial reporting of the Company and have such authority and responsibilities as are consistent with the authority and
responsibilities of a Chief Financial Officer, Treasurer and Secretary of a publicly-traded company; (ii)&nbsp;be responsible for performing such other duties and exercising such other powers which the President or Chief Executive Officer of the
Company or the Board may from time-to-time assign to Executive; and (ii)&nbsp;report directly to the President of the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b)
Executive hereby accepts such employment and agrees, during the Term, to render Executive&#146;s services to the Company on a full-time basis and to devote Executive&#146;s full business time and attention to the business and affairs of the Company
and any subsidiary or affiliate of the Company. Executive agrees that at all times during the Term, Executive will faithfully perform the duties so assigned to him to the best of Executive&#146;s ability. Executive further agrees to accept election
and to serve during all or any part of the Term as an officer, director or representative of any subsidiary or affiliate of the Company, without any compensation therefor other than that specified in this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) The duties to be performed by Executive hereunder shall be principally performed at the Company&#146;s corporate offices located in Tampa,
Florida, subject to reasonable travel requirements on behalf of the Company. Executive shall be entitled to annual paid time off of 20 days on the same terms that are applicable to other members of the Company&#146;s senior management and in
accordance with the Company&#146;s policies and practices; provided that Executive shall schedule the timing and duration of Executive&#146;s vacations in a reasonable manner taking into account the needs of