SEC Contract Filing

Filing Date: 2016-03-24

Document Content:
<DOCUMENT>
<TYPE>EX-10.51
<SEQUENCE>3
<FILENAME>exhibit10-51.htm
<DESCRIPTION>EMPLOYMENT AGREEMENT
<TEXT>
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<a name="sF994B65515BF691A30B5A465B6B58694"></a><div></div><br><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EMPLOYMENT AGREEMENT</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">THIS EMPLOYMENT AGREEMENT (the &#8220;Agreement&#8221;) is executed on the 1st day of February, 2016 by and between Tech Data Corporation, a Florida corporation (the &#8220;Employer&#8221;), and Richard Hume (the &#8220;Employee&#8221;). </font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">RECITALS</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">A. &#160;&#160;&#160;&#160;Employee desires to serve in the position of Chief Operating Officer. </font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">B. &#160;&#160;&#160;&#160;Employer desires to employ Employee in the position of Chief Operating Officer. </font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">NOW, THEREFORE, in consideration of the mutual covenants, promises and agreements set forth herein, the receipt and adequacy of which are hereby acknowledged, Employer and Employee agree as follows: </font></div><div style="line-height:120%;padding-left:0px;padding-bottom:16px;text-align:left;text-indent:0px;"><font style="padding-bottom:16px;text-align:left;font-family:inherit;font-size:12pt;padding-right:48px;">1.</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Employment</font><font style="font-family:inherit;font-size:12pt;">.</font><font style="font-family:inherit;font-size:12pt;">&#32;</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">1.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Position</font><font style="font-family:inherit;font-size:12pt;">. Subject to the terms and conditions of this Agreement, Employer shall engage Employee, and Employee hereby accepts employment, in the position of Chief Operating Officer, with all the duties, responsibilities and authority normally associated with such position. Employer and Employee acknowledge that, as Chief Operating Officer, Employee shall report to the Chief Executive Officer (the &#8220;CEO&#8221;) of the Employer.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">1.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Duties/Other Employment</font><font style="font-family:inherit;font-size:12pt;">. During his employment with Employer, Employee shall devote substantially all of his business time and all reasonable efforts to his employment and perform diligently such duties. Employee shall not, without the prior written consent of the CEO, directly or indirectly, other than in the performance of duties naturally inherent in the businesses of Employer and/or in furtherance thereof, render services of a business, professional or commercial nature to any other person or firm, whether for compensation or otherwise; provided, however, that so long as it does not interfere with his full-time employment hereunder, Employee may attend to outside investments, and upon approval of the Compensation Committee of the Employer&#8217;s Board of Directors (the &#8220;Compensation Committee&#8221;), the Employee may serve as a director of a corporation which does not compete with Employer (within the meaning of Section&#160;5.1), and serve as a director, trustee or officer of or otherwise participate in educational, welfare, social, religious and civic organizations. Employee&#8217;s work location shall be at the Employer&#8217;s headquarters in Clearwater, Florida. In Employee's position as an officer of the Employer, he will be subject to Section&#160;16 of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;) and the Employer shall assist Employee in timely making any requisite filings with the Securities and Exchange Commission (&#8220;SEC&#8221;). </font></div><br><div><div style="line-height:100%;text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(Matter # 000975) </font></div></div><hr style="page-break-after:always"><a name="sF994B65515BF691A30B5A465B6B58694"></a><div></div><br><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Employment Term</font><font style="font-family:inherit;font-size:12pt;">. Subject to the provisions for termination as hereinafter provided, the term of Employee&#8217;s employment with the Employer shall begin on M