SEC Contract Filing

Filing Date: 2016-08-08

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>frpt-ex101_184.htm
<DESCRIPTION>EX-10.1
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frpt-ex101_184.htm
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<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:84.62%;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.1</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">EMPLOYMENT AGREEMENT</p>
<p style="margin-top:12pt;text-align:justify;margin-bottom:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">THIS EMPLOYMENT AGREEMENT (the &#8220;<font style="text-decoration:underline;">Agreement</font>&#8221;) by and between Freshpet,&#160;Inc., a Delaware corporation (the&#160;&#8220;<font style="text-decoration:underline;">Company</font>&#8221;), and William B. Cyr (the &#8220;<font style="text-decoration:underline;">Executive</font>&#8221;), is dated as of July 27, 2016.</p>
<p style="margin-top:12pt;text-align:justify;margin-bottom:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In consideration of the mutual covenants herein contained and of the mutual benefits herein provided, the Company and the Executive agree as follows:</p>
<p style="margin-top:12pt;text-align:justify;margin-bottom:0pt;text-indent:7.69%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">1.<font style="margin-left:36pt;">Representations&#160;and&#160;Warranties.</font><font style="font-weight:normal;">&nbsp;&nbsp;The Executive represents and warrants to the Company that the Executive is not bound by any restrictive covenants and has no prior or other obligations or commitments of any kind that would in any way prevent, restrict, hinder or interfere with the Executive&#8217;s acceptance of continued employment or the performance of all duties and services hereunder to the fullest extent of the Executive&#8217;s ability and knowledge.&nbsp;&nbsp;The Executive agrees to indemnify and hold harmless the Company for any liability the Company may incur as the result of the existence of any such covenants, obligations or commitments.</font></p>
<p style="margin-top:12pt;text-align:justify;margin-bottom:0pt;text-indent:7.69%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2.<font style="margin-left:36pt;">Term of Employment.</font><font style="font-weight:normal;">&nbsp;&nbsp;The Company will employ the Executive and the Executive accepts employment by the Company on the terms and conditions herein contained for a period beginning on September 6, 2016 (the&#160;&#8220;</font><font style="text-decoration:underline;font-weight:normal;">Effective Date</font><font style="font-weight:normal;">&#8221;) and ending as provided in Section 5 (the &#8220;</font><font style="text-decoration:underline;font-weight:normal;">Employment Period</font><font style="font-weight:normal;">&#8221;).</font></p>
<p style="margin-top:12pt;text-align:justify;margin-bottom:0pt;text-indent:7.69%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">3.<font style="margin-left:36pt;">Duties and Functions.</font></p>
<p style="margin-top:12pt;text-align:justify;margin-bottom:0pt;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:7.69%;">(a)<font style="margin-left:36pt;">(1)The Executive shall be employed as the Chief Executive Officer of the Company.&nbsp;&nbsp;The Executive shall report solely and directly to the </font>Board of Directors (the &#8220;<font style="text-decoration:underline;">Board</font>&#8221;).&nbsp;&nbsp;In addition, during the Employment Period and so long as the Executive remains the Company&#8217;s Chief Executive Officer, the Board will nominate the Executive for election and/or re-election as a member of the Board at the expiration of the then current term; <font style="font-style:italic;">provided</font> that the foregoing will not be required to the extent prohibited by applicable legal or regulatory requirements.&nbsp;&nbsp;So long as the Executive remains an employee of the Company, the Executive&#8217;s service on the Board will be without any additional compensation.</p>
<p style="margin-top:12pt;text-align:justify;margin-bottom:0pt;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:7.69%;"><font style="margin-left:36pt;">(2)The Executive agrees to undertake the duties and responsibilities commensurate with the position of the Chief Executive Officer, which may encompass different or additional duties as may, from time to time, be reasonably assigned by the Board, and the duties and responsibilities undertaken by the Executive may be reasonably altered or modified from time to time by the Board, so long as that Executive&#8217;s responsibilities as the Chief Executive Officer are not materially reduced, and the Executive&#8217;s reporting relationship is not materially altered or modified in an adverse way. </font></p>
<p style="margin-top:12pt;text-align:justify;margin-bottom:0pt;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:7.69%;"><a name="_AEIOULastRenderedPageBreakAEIOU2"></a>(b)<font style="margin-left:36pt;">During the Employment Peri