ENGAGESMART, INC. AMENDMENT TO EMPLOYMENT AGREEMENT
Exhibit 10.14
AMENDMENT TO EMPLOYMENT AGREEMENT
THIS AMENDMENT TO EMPLOYMENT AGREEMENT (this “Amendment”), is made as of October 21, 2021 (the “Effective Date”), by and between EngageSmart, Inc., a Delaware corporation (the “Company”), and Xxxxxxxx Xxxxxxx (“Executive”). Capitalized terms not otherwise defined herein shall have the meanings ascribed thereto in the Employment Agreement (as defined below).
RECITALS
AGREEMENT
In consideration of the covenants and undertakings contained herein, and for other good and valuable consideration, the sufficiency of which is hereby acknowledged, the Company and Executive hereby agree as follows:
(i) Base Salary. During the Employment Period, the Executive shall receive a base salary (the “Base Salary”) of $400,000 per annum. The Base Salary shall be reviewed annually by the Compensation Committee (the “Compensation Committee”) of the Board of Directors of the Company (the “Board”) and may be increased from time to time by the Compensation Committee in its sole discretion. The Base Salary shall be paid in accordance with the Company’s normal payroll practices for executive salaries generally, but no less often than monthly. The Base Salary may be increased in the Compensation Committee’s discretion, but not reduced, and the term “Base Salary” as utilized in this Agreement shall refer to the Base Salary as so increased.
3. Further Actions. Executive agrees to take any and all actions, and to execute and deliver any and all documents, that may be requested by the Company in order to accomplish the transactions contemplated by this Amendment or to effectuate the intent hereof.
4. Tax Consequences. The Company is making no warranties or representations to Executive with respect to the tax consequences of the transactions contemplated by this Amendment. Executive is hereby advised to consult with Executive’s own personal legal, accounting, tax and/or financial professional advisors with respect to the tax consequences associated with transactions contemplated by this Amendment.
6. Governing Law. This Amendment shall be construed, administered and enforced according to the laws of the State of Delaware without regard to the conflicts of law provisions thereof.
7. Counterparts. This Amendment may be executed in two or more counterparts, each of which shall be deemed to be an original and all of which together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the Company and Executive have caused this Amendment to be executed, effective as of the Effective Date.
a Delaware corporation
By: /s/ Xxxxxxxxx Xxxxxx
Name: Xxxxxxxxx Xxxxxx
Title: CFO
EXECUTIVE
/s/ Xxxxxxxx Xxxxxxx
Name: Xxxxxxxx Xxxxxxx
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