Amendment to Employment Agreement between SunOpta Inc. and Steven R. Bromley (2012 Renewal)
This letter amends the employment agreement between SunOpta Inc. and Steven R. Bromley, originally dated February 1, 2007. The amendment extends the agreement for successive one-year terms after the initial five-year period, unless either party gives at least 30 days' notice before the term ends. All other terms of the original agreement remain unchanged. The amendment is effective as of February 1, 2012, upon acceptance by Mr. Bromley.
Exhibit No. 10.1
May 7, 2012
Steven R. Bromley
36 Carlyle Crescent
Aurora, Ontario L4G 6P6
Dear Steve,
The Board of Directors of SunOpta, Inc. (SunOpta) has approved the renewal of the employment agreement, dated February 1, 2007, between you and SunOpta (the Employment Agreement) for successive one-year periods.
Upon your acceptance of the terms listed below, this letter shall amend the Employment Agreement and shall be effective as of February 1, 2012.
The section of the Employment Agreement entitled Term is hereby amended to read in its entirety as follows:
Term: The initial term of this Agreement shall be for (5) years commencing February 1, 2007 until February 1, 2012 (the Initial Term). Unless you or the Company provide notice of non-renewal at least 30 days prior to the expiration of the Initial Term or any Renewal Term (as defined below), this Agreement shall automatically renew for an additional term of one (1) year (each a Renewal Term) from the expiration of the Initial Term or the most recently completed Renewal Term, as the case may be.
All other terms of the Employment Agreement shall remain unchanged and shall continue in full force and effect.
Terms of Employment: The signing of this letter will be confirmation of your understanding and acceptance of the terms the Employment Agreement, as amended by this letter.
Yours sincerely,
/s/ Jeremy Kendall | /s/ Alan Murray |
Jeremy Kendall | Alan Murray |
Chairman | Vice Chairman and Chairman of the Compensation Committee |
ACCEPTED: | /s/ Steven R. Bromley |
Steven R. Bromley |