Exhibit 10.1
EMPLOYMENT AGREEMENT
AMENDMENT NO. 1
This Amendment No. 1 to Employment Agreement (this “Amendment”) is entered into as of June 5, 2017 by and between Alex B. Rozek (the “Executive”) and Boston Omaha Corporation, a Delaware corporation (the “Company”).
The Company and the Executive are parties to an Employment Agreement dated August 1, 2015 (the “Agreement”).
Now, therefore, in consideration of the premises and the mutual covenants herein contained and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
“The Executive will serve for a Base Salary equal to the federal minimum wage for the period through December 31, 2017 and shall not be entitled to any Base Salary in excess of the federal minimum wage for any period prior to such date. Commencing January 1, 2018, the Executive will receive a Base Salary at the rate of $275,000 per annum, payable in accordance with the Company’s payroll payment policy as in effect from time to time.”
IN WITNESS WHEREOF, the Company and the Executive have duly executed this Amendment as of the date first written above.
| BOSTON OMAHA CORPORATION | |
|
| (Registrant) |
|
|
|
| By: | /s/ Adam K. Peterson |
|
| Name: Adam K. Peterson |
|
| Title: Co-Chief Executive Officer |
|
|
|
| EXECUTIVE | |
|
|
|
|
| /s/ Alex B. Rozek |
|
| Alex B. Rozek |