Executive Relocation and Employment Agreement Sample Contracts

EX-10.1 2 thrm-ex101_7.htm EX-10.1 Executive Relocation and Employment Agreement
Executive Relocation and Employment Agreement • May 5th, 2020 • Michigan

THIS EXECUTIVE RELOCATION AND EMPLOYMENT AGREEMENT (this “Agreement”) is made effective as of the 1st day of August, 2015 (the “Commencement Date”), by and between Gentherm Incorporated, a Michigan corporation (the “Company”) and Frithjof Oldorff (the “Executive”).

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Extension of Executive Relocation and Employment Agreement
Executive Relocation and Employment Agreement • October 30th, 2017 • GENTHERM Inc • Motor vehicle parts & accessories

THIS EXTENSION OF EXECUTIVE RELOCATION AND EMPLOYMENT AGREEMENT (this “Extension”) is made effective as of the 3rd day of October, 2017 (the “Effective Date”), by and between Gentherm Incorporated, a Michigan corporation (the “Company”) and Frithjof Oldorff (the “Executive”).

SECOND AMENDMENT TO EXECUTIVE RELOCATION AND EMPLOYMENT AGREEMENT
Executive Relocation and Employment Agreement • March 15th, 2021 • GENTHERM Inc • Motor vehicle parts & accessories

This SECOND AMENDMENT TO EXECUTIVE RELOCATION AND EMPLOYMENT AGREEMENT (this “Amendment”) is made and entered into as of March 12, 2021, by and between Paul Giberson (“Executive”) and Gentherm Incorporated (“Gentherm” or the “Company”). Executive and Gentherm are referred to herein each as a “Party” and, collectively, as the “Parties.”

Paul Giberson
Executive Relocation and Employment Agreement • October 29th, 2021 • GENTHERM Inc • Motor vehicle parts & accessories

On September 21, 2021, you provided notice of your resignation from all positions with Gentherm Incorporated (“Gentherm” or the “Company”) effective October 31, 2021 (the “Separation Date”). The purpose of this letter agreement is to serve as a summary of the terms and conditions of your Executive Relocation and Employment Agreement dated June 6, 2019, as amended (the “Employment Agreement”), and to memorialize your agreement to provide consulting services to the Company after the Separation Date. Under the terms of the Employment Agreement, your resignation is without Good Reason as defined in Exhibit A to the Employment Agreement. If there are any discrepancies between this letter agreement and the Employment Agreement, the terms of the Employment Agreement shall control. The below summary is not intended to expand, modify or cancel your or the Company’s obligations under the Employment Agreement, any other agreement, or any Company benefit plan.

FIRST AMENDMENT TO EXECUTIVE RELOCATION AND EMPLOYMENT AGREEMENT
Executive Relocation and Employment Agreement • August 4th, 2020 • GENTHERM Inc • Motor vehicle parts & accessories

This FIRST AMENDMENT TO EXECUTIVE RELOCATION AND EMPLOYMENT AGREEMENT (this “Amendment”) is made and entered into as of April 21, 2020, by and between Paul Giberson (“Giberson” or “Executive”) and Gentherm Incorporated (“Gentherm” or the “Company”). Giberson and Gentherm are referred to herein each as a “Party” and, collectively, as the “Parties.”

EXECUTIVE RELOCATION AND EMPLOYMENT AGREEMENT
Executive Relocation and Employment Agreement • August 4th, 2020 • GENTHERM Inc • Motor vehicle parts & accessories • Michigan

THIS EXECUTIVE RELOCATION AND EMPLOYMENT AGREEMENT (this “Agreement”) is made effective as of the 6 day of June, 2019 (the “Effective Date”), by and between Gentherm Incorporated, a Michigan corporation (the “Company”) and Paul Giberson (“Executive”).

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