CONSULTING AGREEMENT
Exhibit 10.2
CONSULTING AGREEMENT
This Consulting Agreement (this Agreement) is made and entered into effective as of March 12, 2016 by and between William J. Ruckelshaus (the Executive) and Blucora, Inc. (the Company).
RECITALS
WHEREAS, the Company and the Executive entered into an Amended and Restated Employment Agreement effective as of December 31, 2012, as further amended October 16, 2015 (together, the Employment Agreement);
WHEREAS, the Executives employment with the Company pursuant to the Employment Agreement shall terminate effective March 31, 2016 (the Termination Date);
WHEREAS, the Company wishes to have the Executive available to provide transition consulting services to the Company after the Termination Date;
NOW THEREFORE, in consideration of the foregoing, the mutual covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
Consulting Services
For a period of six calendar months following the Termination Date, (the Consultancy Period), Executive agrees to provide up to ten (10) hours per month of transition consulting services as reasonably requested by the Company. In consideration for such services, the Company agrees to pay Executive a lump sum payment of Ten Thousand Dollars ($10,000.00) within Seven (7) days of the Termination Date and extend the exercise period referred to in Section 6(d)(iii) of the Employment Agreement for an additional twelve months (subject to the terms and conditions of such section). Executive shall not be eligible for any other compensation or employment-related benefits during the Consultancy Period except as explicitly provided in this Agreement and the Employment Agreement.
IN WITNESS WHEREOF, each of the parties has executed this Agreement, in the case of the Company by its duly authorized officer, as of the day and year first above written.
COMPANY: | ||
BLUCORA, INC. | ||
By: | /s/ Mark A. Finkelstein | |
Name: | Mark A. Finkelstein | |
Title: | Chief Legal and Administrative Officer | |
EXECUTIVE: | ||
/s/ William Ruckelshaus William Ruckelshaus |