SEC Contract Filing

Filing Date: 2022-03-11

Document Content:
<DOCUMENT>
<TYPE>EX-10.14
<SEQUENCE>2
<FILENAME>graham_john-dbol.htm
<DESCRIPTION>EX-10.14
<TEXT>
<HTML>
<HEAD><!-- Document generated by Workiva Inc -->
<TITLE>graham_john-dbol</TITLE>
</HEAD>
<BODY bgcolor="white">
<DIV align="center">
<DIV style="margin-left:1em;width:1055;"><!-- graham_john-dbol001.jpg -->
<DIV style="padding-top:2em;">
<IMG src="graham_john-dbol001.jpg" title="slide1" width="1055" height="1365">
<DIV><FONT size="1" style="font-size:1pt;color:white">257043017 v2 November 23, 2021 John Graham VIA EMAIL/DOCUSIGN Dear John, You are currently employed as Chief Marketing Officer of DB Management Co. (the &#8220;Company&#8221;), wholly-owned subsidiary of Dutch Mafia, LLC. This letter sets forth the terms and conditions of your employment by the Company, including the provision of services to Dutch Mafia, LLC and its affiliated entities, including Dutch Bros Inc, with such terms to be effective as of November 1, 2021. The terms set forth in this letter agreement shall supersede and replace, in entirety, the terms set forth in your offer letter dated July 10, 2020. 1. POSITION. You are serving in a full-time capacity as Chief Marketing Officer of the Company and Dutch Bros Inc. In this role, you report to the Chief Executive Officer. You are currently working out of Florida. Subject to the other provisions of this letter agreement, we may change your position, duties, and work location from time to time at our discretion. 2. EMPLOYEE BENEFITS. As a regular employee of the Company, you are eligible to participate in the Company&#8217;s standard benefits, subject to the terms and conditions of such plans and programs. Subject to the other provisions of this letter agreement, we may change compensation and benefits from time to time at our discretion. 3. SALARY. Your annual base salary is $500,000, less deductions and withholdings, payable in semi-monthly installments in accordance with the Company&#8217;s standard payroll practices for salaried employees. This salary will be subject to adjustment pursuant to the Company&#8217;s employee compensation policies in effect from time to time. 4. BONUS. You are eligible for annual incentive bonus compensation equal to $250,000. Your bonus will be paid to you in the form of equal semi-monthly payments, subject to deductions and withholdings. 5. EQUITY. You have been granted various equity interests in Dutch Bros. Inc. Those equity interests shall continue to be governed in all respects by the terms of the applicable equity agreements, grant notices and equity plans. 6. PROPRIETARY INFORMATION AND INVENTIONS AGREEMENT. You are required, as a condition of your continuing employment, to execute the Employee Confidential Information and Inventions Assignment Agreement attached hereto as Exhibit A. 7. PERIOD OF EMPLOYMENT. Your employment remains &#8220;at will,&#8221; meaning that either you or the Company (or any of its affiliated entities) may terminate your employment at any time and for any reason, with or without cause. This remains the full and complete agreement between you and the Company (and any of its affiliated entities) on this term. Although your job duties, title, compensation and benefits, as well as the Company&#8217;s personnel policies and procedures, DocuSign Envelope ID: 91092997-88D2-42A9-922E-23A75D16417F </FONT></DIV>
<P><HR noshade><P>
<DIV style="page-break-before:always;">&nbsp;</DIV>
</DIV>
<!-- graham_john-dbol002.jpg -->
<DIV style="padding-top:2em;">
<IMG src="graham_john-dbol002.jpg" title="slide2" width="1055" height="1365">
<DIV><FONT size="1" style="font-size:1pt;color:white">257043017 v2 may change from time to time, the &#8220;at will&#8221; nature of your employment may only be changed in an express written agreement signed by you and a duly authorized member of the Board of Directors of Dutch Bros Inc. 8. SEVERANCE. You will be eligible for severance benefits under the terms and conditions of the Dutch Bros Inc. Amended and Restated Severance and Change in Control Plan. 9. AMENDMENT. This letter agreement (except for terms reserved to the Company&#8217;s discretion) may not be amended or modified except by an express written agreement signed by you and a duly member of the Board of Directors of Dutch Bros Inc. 10. ARBITRATION. To ensure the rapid and economical resolution of disputes that may arise in connection with your employment with the Company or the services you provide to the Company&#8217;s affiliated entities, you and the Company (together with all of its affiliated entities) agree that any and all disputes, claims, or causes of action, in law or equity, including but not limited to statutory claims, arising from or relating to the enforcement, breach, performance, or interpretation of this agreement, your employment with the Company or the services you provide to the Company&#8217;s affiliated entities, or the termination of your employment, shall be resolved pursuant to the Federal Arbitration Act, 9 U.S.C. &sect; 1-16, to the fullest extent permitted by law, by final, binding and confidential arbitration conducted by JAMS or its successor, under JAMS&#8217; then applicable rules and procedures for employment disputes before a single arbitrator (available upon request and also currently available at http://www.jamsadr.com/rules- employment-arbitration/). You acknowledge that by agreeing to this arbitration procedure, both you and the Company waive the right to resolve any such dispute through a trial by jury or judge or administrative proceeding. In addition, all claims, disputes, or causes of action under this section, whether by you or the Company, must be brought in an individual capacity, and shall not be brought as a plaintiff (or claimant) or class member in any purported class or representative proceeding, nor joined or consolidated with the claims of any other person or entity. The arbitrator may not consolidate the claims of more than one person or entity, and may not preside ov