Amendment to Employment and Non-Competition Agreements between Central Garden & Pet Company and Brooks M. Pennington, III

Summary

This amendment extends and modifies the employment and non-competition agreements between Central Garden & Pet Company and Brooks M. Pennington, III (Sonny Pennington). Effective March 1, 2022, Pennington will continue as Director of Special Projects through March 31, 2023, with a base salary of $52,000 and the ability for either party to terminate employment with ninety days' notice. If terminated by the company, Pennington receives twelve months' severance. The non-competition agreement will last two years after employment ends. All other terms remain unchanged.

EX-10.2 2 a2022q210qexhibit102.htm EX-10.2 Document

EXHIBIT 10.2

Corporate Office

1340 Treat Blvd., Suite 600

Walnut Creek, CA 94597

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TO:			Sonny Pennington
FROM:			George Yuhas
DATE:			March 1, 2022
RE:			Modification and Extension of February 27, 1998 Employment Agreement and Non-Competition Agreement, as amended June 2, 2003, April 10, 2006, July 1, 2008, March 30, 2012, March 1, 2014, and March 1, 2016, and March 1, 2018 and March 1, 2020 (this "Amendment")

Dear Sonny:

Per recent discussions, this Amendment modifies and extends your February 27, 1998 Employment Agreement, as amended, most recently on March 1, 2020 (as amended, the "Employment Agreement") and your February 27, 1998 Non-Competition Agreement, (as amended, the “Non-Competition Agreement"), as follows:

1)During the period from March 1, 2022 through March 31,, 2023 effective as of March 1, 2022 (the "Term"), you will continue in your role as "Director of Special Projects" for the Corporate Division of Central Garden & Pet Company (the "Company"); provided, however that the Company may terminate your employment upon ninety (90) days' written notice. In the event of such termination, you shall be entitled to twelve (12) months' severance payments. You may terminate the employment relationship upon ninety (90) days notice.

2)Effective as of March 1, 2022, your base salary will be $52,000 annually. You will be expected to work at a level consistent with historical practice (including travel time and Board Meeting time and shall not be required to relocate or commute on a regular basis from Madison, GA).

3)The Non-Competition Agreement will terminate two years after the end of your employment with the Company.

4)This Amendment will be governed and construed in accordance with the laws of the State of Georgia.

5)Except as herein modified (or modified by the June 2, 2003 amendment, the April 10, 2006 amendment, the July 1, 2008 amendment, the March 30, 2012 amendment, the March 1, 2014 amendment, or the March 1, 2016 amendment or the March 1, 2018 amendment or the March 1, 2020 amendment), the terms and provisions of the Employment Agreement and Non-Competition Agreement will remain in full force and effect.

IN WITNESS WHEREOF, the parties hereto have executed this Amendment on the date first written above.


/s/ George Yuhas						/s/ Brooks M. Pennington, III
George Yuhas						Brooks M. Pennington, III
General Counsel
Central Garden & Pet