SEC Contract Filing

Filing Date: 2017-07-17

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>itgr2017-16x07xex101xdzied.htm
<DESCRIPTION>EXHIBIT 10.1 ITGR 2017-16-07 DZIEDZIC EMPLOYMENT AGREEMENT
<TEXT>
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<div><a name="s13C3A5B3CE12DB1F14C850FD1A4F26BA"></a></div><div></div><div><br></div><div style="line-height:130%;padding-bottom:16px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:130%;padding-bottom:16px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EMPLOYMENT AGREEMENT</font></div><div style="line-height:130%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">THIS AGREEMENT (the &#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Agreement</font><font style="font-family:inherit;font-size:10pt;">&#8221;) is made on July 16, 2017 by and between INTEGER HOLDINGS CORPORATION, a Delaware corporation, with an office at 2595 Dallas Parkway, Suite 310, Frisco, Texas 75034 (the &#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Corporation</font><font style="font-family:inherit;font-size:10pt;">&#8221;), and Joseph W. Dziedzic (the &#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Executive</font><font style="font-family:inherit;font-size:10pt;">&#8221;). </font></div><div style="line-height:130%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Introductory Statement.</font></div><div style="line-height:130%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Corporation desires to employ the Executive as President and Chief Executive Officer of the Corporation and the Executive desires to accept such employment upon the terms and conditions contained in this Agreement. </font></div><div style="line-height:130%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Therefore, in consideration of the mutual covenants and agreements contained in this Agreement and to accomplish the objectives outlined above, the parties agree as follows:</font></div><div style="line-height:130%;padding-left:0px;padding-bottom:16px;text-align:left;text-indent:48px;"><font style="padding-bottom:16px;text-align:left;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:48px;">1.</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Certain Definitions</font></div><div style="line-height:130%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;">&#8220;Accrued Obligations&#8221; means (i) payment of the Executive&#8217;s base salary through the Date of Termination to the extent not paid; (ii) payment of any earned but unpaid short term cash incentive compensation for a prior period; (iii) payment, in accordance with then-existing Corporation policy, of any accrued vacation days not yet used; (iv) unreimbursed expenses which are reimbursable pursuant to Section 6; and (v) other or additional benefits in accordance with the employee benefit plans, programs, agreements and arrangements of the Corporation and its Affiliates (excluding any such plans, programs, agreements and arrangements providing for severance payments and/or benefits).</font></div><div style="line-height:130%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;">An &#8220;Affiliate&#8221; of, or a Person &#8220;Affiliated&#8221; with, a specified Person, means a Person that directly, or indirectly through one or more intermediaries, controls or is controlled by, or is under common control with, the Person specified.</font></div><div style="line-height:130%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;">&#8220;Board&#8221; means the Board of Directors of the Corporation.</font></div><div style="line-height:130%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;">&#8220;Cause&#8221; means (i) a material breach by the Executive of this Agreement or any other written agreement between the Corporation and the Executive, (ii) gross negligence or willful misconduct by the Executive in the performance of his duties, (iii) dishonesty to the Corporation, (iv) a material violation of the Corporation&#8217;s Code of Conduct or of any other policy of the Corporation, or (v) the commission of a felony that results in a conviction in a court of law. On and following a Change of Control, the cessation of employment of the Executive shall not be deemed to be for Cause unless and until there shall have been delivered to the Executive a copy of the resolution duly adopted by the affirmative vote of not less than 3/4ths of the