EX-10.3
from 8-K
3 pages
This Is Your Retention Letter Agreement (The “Agreement”) With Vector Group Ltd. (The “Company”). Reference Is Made to That Certain Agreement and Plan of Merger, Dated as of August 21, 2024 (The “Merger Agreement”), by and Among Jti (US) Holding Inc., Vapor Merger Sub Inc. (“Merger Sub”) and the Company, Pursuant to Which Merger Sub Will Merge With and Into the Company (The “Merger”). in Recognition of Your Role as a Key Employee of the Company and the Importance of Your Contributions in Anticipation of the Merger, You Have Been Selected to Receive a Retention Award (A “Retention Award”) in Accordance With the Terms of This Agreement. Your Right to Receive the Retention Award Described Herein Is Contingent on the Occurrence of the Closing and Is Subject to the Terms and Conditions Set Forth Herein. in the Event the Merger Agreement Terminates by Its Terms and the Closing Has Not Occurred, This Agreement Will Terminate and Be of No Force or Effect. Capitalized Terms Not Otherwise Defined Herein Shall Have the Meaning Set Forth in the Merger Agreement. 1. Retention Award Amount and Payment Timing
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EX-10.2
from 8-K
3 pages
This Letter Agreement Constitutes an Amendment to That Certain [Employment Agreement, Dated as of January 27, 2006, by and Between Vector Group Ltd., a Delaware Corporation (Together With Its Successors and Assigns, the “Company”), and Richard J. Lampen (The “Executive”), as Amended by That Certain Letter Agreement, Dated as of February 22, 2012, and Further Amended by That Certain Letter Agreement, Dated as of January 15, 2021 (Collectively, the “Agreement”)]1[amended and Restated Employment Agreement, Dated as of January 27, 2006, by and Between Vector Group Ltd., a Delaware Corporation (Together With Its Successors and Assigns, the “Company”), and Marc N. Bell (The “Executive”) (Collectively, the “Agreement”)]2[employment Agreement, Dated as of January 27, 2006, by and Between Vector Group Ltd., a Delaware Corporation (Together With Its Successors and Assigns, the “Company”), and J. Bryant Kirkland III (The “Executive”), as Amended by That Certain Letter Agreement, Dated as of February 29, 2016, and Further Amended by That Certain Letter Agreement, Dated as of December 21, 2021 (Collectively, the “Agreement”)]. the Company and Executive Wish to Amend the Agreement as Set Forth Below. Unless Otherwise Defined Herein, Capitalized Terms Used Herein Shall Have the Meanings Ascribed Thereto in the Agreement. Section 12 of the Agreement Is Amended and Restated in Its Entirety to Provide as Follows
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