Amendment to Employment and Non-Competition Agreements between Central Garden & Pet Company and Sonny Pennington
This amendment extends and modifies the employment and non-competition agreements between Central Garden & Pet Company and Sonny Pennington. Sonny will continue as Director of Special Projects from March 1, 2012, to February 28, 2014, with a base salary of $112,000 and a maximum of 650 work hours per year. Either party may terminate employment with 90 days' notice, and Sonny is entitled to 12 months' severance if terminated by the company. The non-competition agreement will last two years after employment ends. All other terms remain unchanged.
Exhibit 10.1
 | Corporate Office | |||
| 1340 Treat Blvd, Suite 600 | ||||
| Walnut Creek, CA 94597 | ||||
| Fax (925) ###-###-#### | ||||
| (925) 948-4000 | ||||
| To: | Sonny Pennington |
| FROM: | Bill Brown |
| DATE: | March 30, 2012 |
| RE: | Modification and Extension of February 27, 1998 Employment Agreement and Non-Competition Agreement, as amended June 2, 2003, April 10, 2006 and July 1, 2008 (this “Amendment”) |
Dear Sonny:
Per our recent discussions, this Amendment modifies and extends your February 27, 1998 Employment Agreement, as amended June 2, 2003, April 10, 2006 and July 1, 2008 (as amended, the “Employment Agreement”) and your February 27, 1998 Non-Competition Agreement, as amended June 2, 2003, April 10, 2006 and July 1, 2008 (as amended, the “Non-Competition Agreement”), as follows:
| 1) | During the period from March 1, 2012 through February 28, 2014 (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, 2012, your base salary will be $112,000 annually. You will be expected to work a maximum of 650 hours per year (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 or the April 10, 2006 amendment, or the July 1, 2008 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/ William E. Brown | /s/ Brooks M. Pennington, III | |||
| William E. Brown | Brooks M. Pennington, III |
Sonny Pennington
March 30, 2012
Page 2
Chairman & Chief Executive Officer
Central Garden & Pet Company
| Attachments: | Modification and Extension of February 27, 1998 Employment Agreement and Non-Compete Agreement, dated July 1, 2008 | |
| Modification and Extension of February 27, 1998 Employment Agreement and Non-Compete Agreement, dated April 10, 2006 | ||
| Modification and Extension of February 27, 1998 Employment Agreement and | ||
| Employment Agreement dated February 27, 1998 | ||
| Non-Competition Agreement dated February 27, 1998 |
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