SEC Contract Filing

Filing Date: 2016-10-26

Document Content:
<DOCUMENT>
<TYPE>EX-10.17.22
<SEQUENCE>3
<FILENAME>exhibit101722.htm
<DESCRIPTION>EXHIBIT 10.17.22
<TEXT>
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<div><a name="sA89DD38BEA5E88D917D1F6D9E0B2EF75"></a></div><div><div style="line-height:120%;text-align:left;text-indent:654px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:654px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit 10.17.22</font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">SECOND AMENDMENT </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">TO </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">AMENDED AND RESTATED</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">EMPLOYMENT AGREEMENT</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-style:italic;font-weight:bold;">THIS SECOND AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT</font><font style="font-family:inherit;font-size:12pt;">&#32;(the &#8220;Amendment&#8221;), is made and entered into on the 20th day of October, 2016, to be effective immediately, by and between </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">OLD DOMINION FREIGHT LINE, INC. </font><font style="font-family:inherit;font-size:12pt;">(the &#8220;Company&#8221;), a corporation organized and existing under the laws of the Commonwealth of Virginia and having its principal office at Thomasville, North Carolina, and </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">David S. Congdon</font><font style="font-family:inherit;font-size:12pt;">&#32;(the &#8220;Executive&#8221;), an individual residing at High Point, North Carolina.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">RECITALS:</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The Company and the Executive previously entered into an Amended and Restated Employment Agreement, effective as of June 1, 2008, as amended by that certain First Amendment to Amended and Restated Employment Agreement, effective as of November 1, 2012 (the &#8220;Amended and Restated Employment Agreement&#8221;). The parties now desire to amend certain provisions of the Amended and Restated Employment Agreement. </font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">AGREEMENT</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">NOW, THEREFORE,</font><font style="font-family:inherit;font-size:12pt;">&#32;in consideration of the mutual covenants and obligations contained in the Amended and Restated Employment Agreement and of other good and valuable consideration, the receipt of which is hereby acknowledged, the Company and the Executive agree as follows:</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">1.&#160;&#160;&#160;&#160;Section 2.11 of the Amended and Restated Employment Agreement is hereby replaced with the following:</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">2.11. &#8220;Compensation Continuance Termination Event&#8221; </font><font style="font-family:inherit;font-size:12pt;">means the termination of the Executive&#8217;s employment by the Company&#8217;s exercise of the Notice Exception, or by the Company as a result of the Executive&#8217;s Total Disability, or by the Executive for Good Reason, or, in the event the Company gives notice which causes the Term to be fixed for a definite three-year period in accordance with Section 5.1, the termination of the Executive&#8217;s employment upon expiration of the fixed Term. In no event shall the termination of the Executive&#8217;s employment as a result of his death or For Cause be treated as