SEC Contract Filing

Filing Date: 2017-10-11

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex101.htm
<DESCRIPTION>FORM OF CERTAIN SR. EXEC. OFFICERS EMP. AG.
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<div style="FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 36pt"><font style="FONT-WEIGHT: bold; DISPLAY: inline">THIS EMPLOYMENT AGREEMENT</font> (&#8220;Agreement&#8221;) is made by and between <font style="FONT-WEIGHT: bold; DISPLAY: inline">LEE ENTERPRISES, INCORPORATED</font>, a Delaware corporation (the &#8220;Company&#8221;) and <font style="FONT-WEIGHT: bold; DISPLAY: inline">_________________</font> (the &#8220;Executive&#8221;), effective as of ____________, _____.</div>

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<div style="FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 36pt">The Board of Directors of the Company (the &#8220;Board&#8221;), has determined that it is in the best interests of the Company and its shareholders to assure that the Company will have the continued dedication of the Executive, notwithstanding the possibility, threat or occurrence of a Change of Control (as defined below) of the Company.&#160;&#160;The Board believes it is imperative to diminish the inevitable distraction of the Executive by virtue of the personal uncertainties and risks created by a pending or threatened Change of Control and to encourage the Executive&#8217;s full attention and dedication to the Company currently and in the event of any threatened or pending Change of Control, and to provide the Executive with compensation and benefits arrangements upon a Change of Control which ensure that the compensation and benefits expectations of the Executive will be satisfied and which are competitive with those of other corporations.&#160;&#160;Therefore, in order to accomplish these objectives, the Board has caused the Company to enter into this Agreement.</div>

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<div style="FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 72pt">NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS:</div>

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<div style="FONT-SIZE: 12pt; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt">1.&#160;<font style="TEXT-DECORATION: underline">Certain Definitions</font>.&#160;&#160;(a)&#160;&#160;The &#8220;Effective Date&#8221; shall mean the first date during the Change of Control Period (as defined in Section 1(b)) on which a Change of Control (as defined in Section 2) occurs.&#160;&#160;Anything in this Agreement to the contrary notwithstanding, if the Executive&#8217;s employment with the Company is terminated prior to the date on which the Change of Control occurs, and if it is reasonably demonstrated by the Executive that such termination of employment was (i) at the request of a third party who has taken steps reasonably calculated to effect such Change of Control or (ii) otherwise arose in connection with or anticipation of a Change of Control (such a termination of employment, an &#8220;Anticipatory Termination&#8221;) and if such Change of Control is consummated, then for all purposes of this Agreement the &#8220;Effective Date&#8221; shall mean the date immediately prior to the date of such termination of employment.</div>

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<div style="FONT-SIZE: 12pt; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt"><font style="FONT-FAMILY: Times New Roman; DISPLAY: inline">(b)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="FONT-FAMILY: Times New Roman; DISPLAY: inline">The &#8220;Change of Control Period&#8221; shall mean the period commencing on the date hereof and ending on the second anniversary of the date hereof; provided, however, that commencing on the date on