Second Amended and Restated Executive Employment Agreement between Urgent.ly, Inc. and Timothy C. Huffmyer
This agreement is between Urgent.ly, Inc. and Timothy C. Huffmyer, confirming his continued employment as Chief Financial Officer. It outlines his at-will employment status, compensation, eligibility for bonuses, and benefits. The agreement also requires Mr. Huffmyer to comply with confidentiality and non-competition obligations and restricts outside employment without company approval. It supersedes previous agreements and sets the terms for salary, bonus eligibility, and reimbursement of business expenses. Either party may terminate the employment at any time, and the agreement details the conditions for such termination.
EXHIBIT 10.2
SECOND AMENDED AND RESTATED
EXECUTIVE EMPLOYMENT AGREEMENT
This Second 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 Timothy C. Huffmyer (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 Second Amended and Restated Executive Employment Agreement on the day and year written below.
Urgent.Ly, Inc.
By: /s/ Matt Booth
Name: Matt Booth
Title: CEO
Date: January 27, 2025
Executive:
/s/ Timothy Huffmyer
Name: Timothy Huffmyer
Date: January 27, 2025