Amendment No. 1 to Employment Agreement between Sprouts Farmers Markets, LLC and Brandon Lombardi
This amendment updates the employment agreement between Sprouts Farmers Markets, LLC and Brandon Lombardi, originally dated January 23, 2012. The change specifies that the agreement will automatically extend for one year on each anniversary of the effective date, unless either party gives written notice within 30 days prior to the anniversary to prevent the extension. All other terms of the original agreement remain unchanged.
Exhibit 10.7.1
AMENDMENT NO. 1
TO
EMPLOYMENT AGREEMENT
This Amendment No. 1 (this Amendment), dated as of November 15, 2012, is made by and between Sprouts Farmers Markets, LLC, a Delaware limited liability company (the Company), and Brandon Lombardi (the Executive).
WHEREAS, the Company and Executive are parties to an employment agreement (the Employment Agreement) dated as of January 23, 2012 (the Effective Date); and
WHEREAS, the parties desire to amend the Employment Agreement as provided below.
NOW, THEREFORE, in consideration of the promises and mutual agreements herein contained, the parties hereby agree as follows, in each case effective as of the Effective Date:
1. Amendment to Section 2. The second sentence of Section 2 shall hereby be amended to read in its entirety as follows:
On the first annual anniversary of the Effective Date, the Term shall be extended for one additional year, unless during the prior 30 days, the Company or the Executive notifies the other in writing not to have the Term so extended.
2. Ratification. All other provisions of the Employment Agreement remain unchanged and are hereby ratified by the Company and Executive.
IN WITNESS WHEREOF, the parties have executed this Amendment on the date set forth above.
Sprouts Farmer Markets, LLC | ||
By: | /s/ Doug Sanders | |
Name: Doug Sanders | ||
Title: President and CEO | ||
Executive | ||
By: | /s/ Brandon Lombardi | |
Brandon Lombardi |