AMENDMENT NO. 2 TO
JEFFREY W. EDWARDS
This Amendment No. 2 to Employment Agreement (this Amendment), dated and effective as of November 1, 2019, is made by and among Installed Building Products, Inc., a Delaware corporation, having its principal offices at 495 South High Street, Suite 50, Columbus, Ohio 43215 (the Company), Installed Building Products, LLC, a Delaware limited liability company (IBP LLC), and Jeffrey W. Edwards (the Executive).
WHEREAS, the parties entered into an Employment Agreement (the Agreement), dated as of November 1, 2013 and amended on November 1, 2016, pursuant to which the Company and IBP LLC employed the Executive as their respective Chief Executive Officer and President; and
WHEREAS, the parties desire to amend the Agreement to modify certain terms thereof in the manner set forth below; and
WHEREAS, capitalized terms used herein and not otherwise defined shall have the meaning given such terms in the Agreement.
NOW, THEREFORE, in consideration of the premises and mutual covenants herein, and intending to be legally bound hereby, the parties agree as follows:
1. Term of Employment. Section 2 of the Agreement is hereby amended to extend the Expiration Date of the Agreement from November 1, 2019 to November 1, 2022.
2. References to Agreement and Ratification. Each reference to the Agreement that is made in the Agreement or in any other document shall hereafter be construed as a reference to the Agreement as amended hereby. Except as modified in this Amendment, all terms and provisions of the Agreement are ratified and shall remain in full force and effect.
3. Severability. Any provision of this Amendment that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof or affecting the validity or enforceability of such provision in any other jurisdiction.
4. Governing Law. The rights and obligations of all parties hereto shall be governed by the laws of the State of Ohio, without regard to conflicts of laws principles.