AMENDMENT TO EXECUTIVE TRANSITION AGREEMENT
Exhibit 10.3
AMENDMENT TO EXECUTIVE TRANSITION AGREEMENT
This Amendment (this “Amendment”) to the Executive Transition Agreement (as defined below) is entered into as of May 9, 2024 by and between Xxxxxx Xxxxxx (the “Executive”) and P10 Intermediate Holdings, Inc. (the “Company”) on behalf of it and its parent, subsidiaries, successors, and assigns, including but not limited to P10, Inc. (“P10”) (collectively with Executive, the “Parties”).
RECITALS
WHEREAS, the Executive and the Company entered into an Executive Transition Agreement (the “Executive Transition Agreement”) as of October 20, 2023;
WHEREAS, on May 6, 2024, the Executive notified P10 and the board of directors (the “Board”) of P10, Inc. of his intent to resign as Chairman of the Board and Executive Chairman and on May 7, 2024, the Board and P10 accepted the Executive’s resignations, effective as of the Company’s annual meeting on June 14, 2024 (the “Resignation Date”);
WHEREAS, in connection with the Executive’s resignations, the Executive and the Company wish to enter into this Amendment to reflect the early termination of the Executive Transition Agreement and certain other changes to the Executive Transition Agreement, as provided for herein.
NOW THEREFORE, in consideration of the promises, representations, and conditions set forth herein, the sufficiency of which is hereby acknowledged, the Parties agree as follows:
“Executive shall also receive reimbursement for Executive’s cost of COBRA premiums for health insurance coverage (to the extent such premiums exceed the contributory cost for the same coverage that the Company charges active employees) for a period of sixteen (16) months following the Transition End Date or until Executive’s right to COBRA continuation expires, whichever is shorter, provided that Executive timely elects and is eligible for COBRA coverage.”
Exhibit 10.3
IN WITNESS WHEREOF, the Executive and the Company have executed this Amendment to the Executive Transition Agreement as of the date first above written.
P10 Intermediate Holdings Inc |
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/s/ Xxxxxx Xxxxxxxx |
By |
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Chief Financial Officer |
Title |
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5/9/2024 |
Date |
Executive |
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/s/ Xxxxxx Xxxxxx |
Xxxxxx Xxxxxx |
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5-9-2024 |
Date |
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