SEC Contract Filing

Filing Date: 2024-10-21

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>4
<FILENAME>ef20037469_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
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 <div style="text-align: right; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> Exhibit 10.2<br>
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 <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">AMENDED AND RESTATED</div>
 <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">SEVERANCE AGREEMENT (NO CHANGE IN CONTROL)</div>
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 <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman'; font-size: 10pt;">THIS AMENDED AND RESTATED SEVERANCE AGREEMENT (&#8220;Agreement&#8221;) is made and entered into as of October 20, 2024, by and between David Barry (&#8220;Mr. Barry&#8221;)
 and Viad Corp, a Delaware corporation (&#8220;Viad&#8221;).&#160; Viad and Mr. Barry, previously entered into that certain Severance Agreement, dated April 22, 2015 (the &#8220;Prior Agreement&#8221;). Viad and Mr. Barry hereby agree that the Prior Agreement shall be amended and
 restated in its entirety as set forth herein, effective as of the date of, and contingent on, the closing of the sale of Viad&#8217;s GES segment (such sale, the &#8220;Transaction&#8221;) without further action by the parties. In the event the Transaction is not
 consummated, this Agreement shall automatically terminate and become null and void without further action by the parties. Accordingly, Viad and Mr. Barry agree as follows:</div>
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 <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';">The purpose of this Agreement is to provide for the
 payment of certain severance benefits. This Agreement is not intended to change the at-will nature of Mr. Barry&#8217;s employment with Viad, and Mr. Barry hereby expressly agrees and acknowledges that he is an at-will employee and that Mr. Barry&#8217;s
 employment may be terminated by either Mr. Barry or Viad at any time and for any reason with or without cause or notice by either Mr. Barry or Viad.&#160; This Agreement does not alter the terms and conditions regarding Mr. Barry&#8217;s employment with Viad,
 except as set forth herein.&#160; In addition, Mr. Barry agrees and acknowledges that the terms and conditions set forth herein do not take effect unless all other terms and conditions described below are also satisfied.</font></div>
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 <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">2.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';">Subject to the conditions set forth in Paragraph 8, in
 the event Mr. Barry experiences a Qualifying Termination (as defined below), Viad shall make one lump sum payment to Mr. Barry (or Mr. Barry&#8217;s estate or beneficiaries, as applicable, in the case of the death or Disability of Mr. Barry) in an amount
 equal to two (2) times of his then annual base salary (excluding bonuses, fringe benefits, and other compensation) as of the employment termination date, minus any income taxes or other amounts required by law to be withheld therefrom.&#160; Such lump
 sum payment shall be made within sixty (60) days after the date on which Mr. Barry&#8217;s employment terminates on Viad&#8217;s first regular payday following the date on which the Release (defined below) becomes effective in accordance with its terms,
 provided, however, that if such sixty (60) day time period begins in one calendar year and ends in a second calendar year, payment of such lump sum shall always be made in the second calendar year.</font></div>
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 <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">3.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';">In addition, subject to the conditions set forth in
 Paragraph 8, in the event of a Qualifying Termination, Mr. Barry will also be entitled to a payment equal to the annual cash incentive award Mr. Barry would have earned under Viad&#8217;s then-current Management Incentive Plan (&#8220;MIP&#8221;) in which Mr. Barry
 is eligible to participate, pursuant to the terms and conditions of MIP, for the calendar year in which he was last employed, prorated based on the number of days Mr. Barry was employed during such calendar year. Such amount shall be paid in a lump
 sum on the date that annual cash incentive awards are paid to similarly situated executives, but in no event later than two-and-a-half (2 1/2) months following the end of the calendar year in which Mr. Barry&#8217;s employment termination date occurs.</font></div>
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 <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">4.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';">The term &#8220;Cause,&#8221; as used herein, means: (i) Mr.
 Barry&#8217