THIRD AMENDMENT TO EMPLOYMENT AGREEMENT
Exhibit 10.3
THIRD AMENDMENT TO EMPLOYMENT AGREEMENT
This Third Amendment to Employment Agreement (“Third Amendment”) is made effective as of February 12, 2023 (“Effective Date”) by and among Goodness Growth Holdings, Inc., a British Columbia corporation (“Parent”), Vireo Health, Inc., a Delaware corporation (the “Employer”) and Xxxxx Xxxxxx, an individual residing in the State of Minnesota (“Employee”) (collectively “Parties” or individually “Party”).
RECITALS
WHEREAS, Employer, Parent and Employee entered into an Employment Agreement dated December 1, 2020, and a First Amendment to Employment Agreement dated February 2, 2022 and a Second Amendment to Employment Agreement erroneously dated February 2, 2022 but effective December 14, 2022 (collectively, the “Current Agreement”); and
WHEREAS, Employer and Employee have agreed to modify Employee’s title and appoint her to a specific office of a subsidiary of Employer; and
WHEREAS, the Parties wish to amend the Current Agreement as set forth in this Amendment.
NOW, THEREFORE, in consideration of the mutual covenants and conditions contained herein, the receipt and sufficiency of which are hereby acknowledged, Parent, Employer and Employee, intending legally to be bound, hereby agree as follows:
AGREEMENT
7. Position. Effective immediately, Employee shall become President of Parent and Employer, and Chief Executive Officer of Employer’s subsidiary, Vireo Health of Minnesota, LLC.
8. General. All capitalized terms used but not defined in this Third Amendment shall have the meanings ascribed in the Current Agreement. All provisions of the Current Agreement not expressly modified by this Third Amendment are hereby ratified and confirmed.
THIS THIRD AMENDMENT TO EMPLOYMENT AGREEMENT was voluntarily and knowingly executed by the Parties effective as of the Effective Date.
[Signature Page Follows]
VIREO HEALTH, INC. | ||
Date: February 12, 2023 | By: | /s/ Xxxx Xxxxxx |
Xxxx Xxxxxx | ||
Chief Financial Officer | ||
EMPLOYEE: | ||
Date: February 12, 2023 | /s/ Xxxxx Xxxxxx | |
Xxxxx Xxxxxx | ||
GOODNESS GROWTH HOLDINGS, INC. | ||
Date: February 12, 2023 | By: | /s/ Xxxx Xxxxxx |
Xxxx Xxxxxx | ||
Chief Financial Officer |