SEC Contract Filing

Filing Date: 2018-05-09

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>evri-ex101_9.htm
<DESCRIPTION>EX-10.1
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;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:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:3pt;margin-top:12pt;text-indent:0%;font-size:14pt;font-family:Times New Roman;font-weight:bold;font-style:normal;text-transform:none;font-variant: normal;">EMPLOYMENT AGREEMENT</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:7.69%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This Employment Agreement (this &#8220;Agreement&#8221;), by and between Everi Payments Inc., a Delaware corporation (the &#8220;Company&#8221;) and wholly-owned subsidiary of Everi Holdings Inc. (formerly known as Global Cash Access Holdings, Inc.), a Delaware corporation (&#8220;Everi Holdings&#8221;), and Dean A. Ehrlich&nbsp;&nbsp;(&#8220;Executive&#8221;), is dated as of&nbsp;&nbsp;January 1, 2017&nbsp;&nbsp;(the &#8220;Effective Date&#8221;). </p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:11pt;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">R E C I T A L S</font></p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:8.65%;font-weight:bold;font-family:Times New Roman;font-size:11pt;font-style:normal;text-transform:none;font-variant: normal;">A.<font style="font-weight:normal;margin-left:72pt;">The Company desires assurance of the association and services of Executive in order to retain Executive</font><font style="font-weight:normal;">&#8217;s experience, skills, abilities, background and knowledge, and is willing to engage Executive to provide such services on the terms and conditions set forth in this Agreement.</font></p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:8.65%;font-weight:bold;font-family:Times New Roman;font-size:11pt;font-style:normal;text-transform:none;font-variant: normal;">B.<font style="font-weight:normal;margin-left:72pt;">Executive desires to be in the employ of the Company, and is willing to accept such employment on the terms and conditions set forth in this Agreement</font></p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:8.65%;font-weight:bold;font-family:Times New Roman;font-size:11pt;font-style:normal;text-transform:none;font-variant: normal;">C.<font style="font-weight:normal;margin-left:72pt;">Executive states that he is not currently employed and left his prior employer without regard to any opportunity at the Company.</font></p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:8.65%;font-weight:bold;font-family:Times New Roman;font-size:11pt;font-style:normal;text-transform:none;font-variant: normal;">D.<font style="font-weight:normal;margin-left:36pt;">The Company and Executive wish to enter into an employment relationship with a written employment agreement intended to supersede and replace any and all other written and oral representations regarding Executive</font><font style="font-weight:normal;">&#8217;s employment with Company.</font></p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:8.65%;font-family:Times New Roman;">&nbsp;</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:11pt;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">AGREEMENT</font></p>
<p style="margin-bottom:12pt;margin-top:12pt;text-indent:7.69%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">NOW, THEREFORE, based on the foregoing recitals and in consideration of the commitments set forth below, and with understanding that, unless otherwise indicated, any of Executive obligations do not start until the Effective Date, Executive and the Company agree as follows:</p>
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