Amended and Restated Executive Employment Agreement between Urgent.ly, Inc. and Matthew Booth
This agreement is between Urgent.ly, Inc. and Matthew Booth, confirming his continued employment as Chief Executive Officer. It outlines that his employment is at-will, meaning either party can end it at any time. The agreement sets his annual base salary at $500,000, with eligibility for a discretionary bonus and potential future equity awards. It also covers reimbursement for business expenses and requires Mr. Booth to follow confidentiality and non-competition obligations. The agreement replaces a prior employment contract and details the terms and conditions of his role and compensation.
EXHIBIT 10.1
AMENDED AND RESTATED
EXECUTIVE EMPLOYMENT AGREEMENT
This Amended and Restated Executive Employment Agreement (the “Agreement”) is entered into effective as of the last date written below (the “Effective Date”), by and between Matthew Booth (the “Executive”) and Urgent.ly, Inc. (the “Company”). This Agreement amends, restates, and supersedes in its entirety the Employment Agreement between the Company and Executive entered into February 9, 2023 (the “Prior Agreement”).
The Company desires to continue to employ the Executive and, in connection therewith, to compensate the Executive for Executive’s personal services to the Company; and Executive wishes to continue to be employed by the Company and provide personal services and certain covenants to the Company in return for certain compensation and benefits.
Accordingly, in consideration of the mutual promises and covenants contained herein, the parties agree to the following:
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In Witness Whereof, the parties have executed this Amended and Restated Executive Employment Agreement on the day and year written below.
Urgent.ly, Inc.
By: /s/ Timothy Huffmyer
Name: Timothy Huffmyer
Title: Chief Financial Officer
Date: January 27, 2025
Executive:
/s/ Matt Booth
Name: Matt Booth
Date: January 27, 2025