First Amendment to Interim Executive Agreement between Envestnet, Inc., Envestnet Financial Technologies, Inc., and James L. Fox
This amendment updates the Interim Executive Agreement between Envestnet, Inc., Envestnet Financial Technologies, Inc., and James L. Fox. The main change is reducing the vesting period for certain benefits from 18 months to 12 months. All other terms of the original agreement remain unchanged. The amendment is effective as of March 14, 2024, and is signed by all parties involved.
Exhibit 10.1
FIRST AMENDMNET TO
ENVESTNET, iNC. INTERIM EXECUTIVE AGREEMENT
THIS FIRST AMENDMENT TO THE INTERIM EXECUTIVE AGREEMENT (the “First Amendment”) is made and entered into as of this 14th day of March, 2024, by and among James L. Fox, (the “Executive”) and Envestnet, Inc. (“Envestnet”) and Envestnet Financial Technologies, Inc. (the “Company”).
WHEREAS, Envestnet, the Company and Executive are parties to the Interim Executive Agreement dated January 7, 2024 (the “Agreement”); and
WHERAS, the parties desire to amend the Agreement as set forth herein.
NOW THEREFORE, the parties agree to amend the Agreement as follows:
| 1. | The phrase “18-month ‘cliff’ vesting period” is hereby amended to be replaced with the phrase “12-month ‘cliff’ vesting period” where it appears in Section 3(a) of the Employment Agreement. |
| 2. | All other terms of the Employment Agreement remain in full force and effect. |
IN WITNESS WHEREOF, the parties have voluntarily signed this First Amendment to the Employment Agreement on the date set forth above.
| ENVESTNET INC. | ||
| /s/ Sharon Rosenthal | ||
| By: | Sharon Rosenthal | |
| Title: | Chief Human Resources Officer | |
| ENVESTNET FINANCIAL TECHNOLOGIES, INC. | ||
| /s/ Sharon Rosenthal | ||
| By: | Sharon Rosenthal | |
| Title: | Chief Human Resources Officer | |
| EXECUTIVE | ||
| /s/ James L. Fox | ||
| James L. Fox | ||
