Amendment to the Amended and Restated Employment Agreement, dated as of December 31, 2020, by and between Jonathan Fitzpatrick and Driven Brands Shared Services, LLC
Exhibit 10.16
Driven Brands Shared Services, LLC (as assignee of Driven Brands, Inc.)
440 S. Church St., Suite 700
Charlotte, NC 28202
December 31, 2020
Jonathan Fitzpatrick
c/o Driven Brands Inc.
440 S. Church St., Suite 700
Charlotte, NC 28202
Dear Jonathan,
Reference is made to that certain Amended and Restated Employment Agreement, between you and Driven Brands, Inc. (as later assigned to Driven Brands Shared Services, LLC, the Company), dated as of April 17, 2015 (the Employment Agreement). Capitalized terms contained herein but not defined herein shall have the meanings ascribed to them in the Employment Agreement.
For valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, you and the Company hereby agree that the Initial Term is hereby extended by five (5) years such that the Initial Term shall terminate on April 17, 2025.
Except as amended by this letter, the terms and conditions of your Employment Agreement are confirmed, approved, and ratified by you and the Company, and your Employment Agreement, as amended by this letter, shall continue in full force and effect.
Sincerely,
DRIVEN BRANDS SHARED SERVICES, LLC
/s/ Scott OMelia
Scott OMelia
Executive Vice President and Secretary
ACKNOWLEDGED AND ACCEPTED:
/s/ Jonathan Fitzpatrick
Jonathan Fitzpatrick