Second Amendment to Employment Agreement between Deluxe Corporation and Barry C. McCarthy
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Summary
Deluxe Corporation and Barry C. McCarthy have agreed to further amend their existing employment agreement, originally effective October 14, 2018 and previously amended on March 25, 2020. This amendment, effective August 6, 2021, removes Sections 3(c) and 4(h) from the agreement. All other terms of the original agreement remain unchanged.
EX-10.1 2 exhibit101080620218k.htm EX-10.1 Document
Exhibit 10.1
SECOND AMENDMENT TO EMPLOYMENT AGREEMENT
This Second Amendment to Employment Agreement (“Amendment”) is entered into as of August 6, 2021 (the “Effective Date”), by and between Deluxe Corporation, a Minnesota corporation, (the “Company”), and Barry C. McCarthy, an individual (“Executive”).
WHEREAS, the Company and Executive entered into an Employment Agreement effective October 14, 2018, as amended on March 25, 2020 (collectively, the “Agreement”);
WHEREAS, the Company and Executive would like to further amend the Agreement, as set forth herein; and
WHEREAS, this Amendment shall further amend the Agreement.
NOW, THEREFORE, as of the Effective Date, the Agreement is hereby further amended as follows:
1.Section 3(c) of the Agreement is hereby deleted in its entirety.
2.Section 4(h) of the Agreement is deleted in its entirety.
3.The Agreement remains unchanged except as set forth in this Amendment.
IN WITNESS WHEREOF, the undersigned have executed this Second Amendment to Employment Agreement as of the date set forth above.
DELUXE CORPORATION | EXECUTIVE | ||||
/s/ Jeffrey L. Cotter | /s/ Barry C. McCarthy | ||||
By: Jeffrey L. Cotter | Barry C. McCarthy | ||||
Its: Chief Administrative Officer |