Amendment to Amended and Restated Employment Agreement between Xometry, Inc. and Randolph Altschuler
This amendment, effective June 14, 2024, updates the employment agreement between Xometry, Inc. and Randolph Altschuler. It changes the terms regarding equity awards, stating that if Mr. Altschuler's employment ends, all his outstanding equity awards will fully vest immediately, and any performance-based awards will be treated as if all targets were met. All other terms of the original agreement remain unchanged. Both parties must agree in writing to any further changes.
Exhibit 10.1
AMENDMENT TO EMPLOYMENT AGREEMENT
THIS AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this “Amendment”) is entered into as of June 14, 2024, (the “Effective Date”) by and between Xometry, Inc. (the “Company”), and Randolph Altschuler (“Executive”) (collectively referred to as the “Parties” or individually referred to as a “Party”).
WHEREAS, the Company and Executive previously entered into that certain Amended and Restated Employment Agreement, effective as of July 2, 2021 (the “Employment Agreement”); and
WHEREAS, the Parties wish to amend the Employment Agreement as set forth herein.
NOW, THEREFORE, in consideration of the premises and mutual covenants herein and for other good and valuable consideration, the Parties agree as follows:
Notwithstanding anything to the contrary in the Employment Agreement, Section 6.2(a)(v) of the Employment Agreement shall be struck and replaced with the following: “(v) Effective as of Executive’s termination date, the vesting and exercisability of all outstanding equity awards that are held by Executive immediately prior to the termination date (if any) shall be accelerated in full. Any equity awards with performance-based vesting requirements that are to accelerate, shall be accelerated as if any performance metrics were achieved at 100%.”Executive hereby expressly consents to this Amendment of the Employment Agreement. All other terms and provisions of the Employment Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, each of the Parties has executed this Amendment as of the date written above.
Xometry, Inc. | Executive |
____________________________________ Sophia MacDonald, Chief People Officer | ____________________________________ Randolph Altschuler |
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