UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported) December 17, 2019

 

RADIANT LOGISTICS, INC.

(Exact Name of Registrant as Specified in Its Charter)

 

 

Delaware

 

001-35392

 

04-3625550

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

405 114th Avenue, S.E., Third Floor, Bellevue, WA 98004

(Address of Principal Executive Offices) (Zip Code)

(425) 943-4599

(Registrant’s Telephone Number, Including Area Code)

N/A

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

 

Trading Symbol(s)

 

Name of each exchange on which registered

Common Stock, $.001 Par Value

 

RLGT

 

NYSE American

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   


 


 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Radiant Logistics, Inc. (“Company”) recently announced certain organizational changes to its management team.


On December 17, 2019, the Company announced that Timothy Boyce will resign as Senior Vice President and Chief Operating Officer of Rail and Truck Brokerage Operations of Radiant Clipper effective as of December 31, 2019.  In connection with his resignation, the Company and Mr. Boyce have entered into a separation and release agreement (“Separation Agreement”) providing for a severance payment and benefits to Mr. Boyce consistent with the terms and conditions of Mr. Boyce’s executive employment agreement with the Company, dated as of February 1, 2012 (“Employment Agreement”), as if he were terminated without just cause. The Employment Agreement will be terminated pursuant to the Separation Agreement with the exception of Section 4 of the Employment Agreement pertaining to certain non-competition, non-solicitation and non-disclosure obligations, which are expressly incorporated into the Separation Agreement.  Under the Employment Agreement, Mr. Boyce agreed not to compete against the Company or solicit the Company’s employees or customers for a period of twelve (12) months following his resignation of employment.


In addition, Mr. Boyce and the Company have entered into an Independent Contractor Agreement (“Contractor Agreement”) pursuant to which Mr. Boyce will provide consulting services to the Company for a period of twelve (12) months commencing January 1, 2020.  Under the Contractor Agreement, Mr. Boyce agreed not to compete against the Company or solicit the Company’s employees or customers during the term of the Consulting Agreement and for a period of not less than twelve (12) months following the termination of the Contractor Agreement.  In consideration of the consulting services and the restrictive covenants, the Company will pay Mr. Boyce a monthly consulting fee subject to Mr. Boyce’s compliance with all applicable terms and conditions under the Contractor Agreement, the Separation Agreement and his Employment Agreement.

 

The foregoing descriptions of the Separation Agreement and Contractor Agreement do not purport to be complete and are qualified in their entirety by reference to the full text of each agreement, which are filed as Exhibit 10.1 and Exhibit 10.2, respectively, to this Current Report on Form 8-K and are incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits

(d)Exhibits

 

 

No.

Description

10.1

Separation and Release Agreement, dated effective as of December 31, 2019, by and between Radiant Global Logistics, Inc. and Tim Boyce

10.2

Independent Contractor Agreement, dated effective as of January 1, 2020, by and between Radiant Global Logistics, Inc. and Tim Boyce

 

 


 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

Radiant Logistics, Inc.

 

 

 

 

 

Date: December 23, 2019

 

By:

/s/ Todd Macomber.

 

 

 

Todd Macomber

 

 

 

Senior Vice President and Chief Financial Officer

 

 

Exhibit 10.1

 

SEPARATION AND RELEASE AGREEMENT

This Separation and Release Agreement (“Agreement”) is voluntarily made and effective as of December 31, 2019 (“Effective Date”) by and between Radiant Global Logistics, Inc. with its principal office at 405 114th Avenue SE, Third Floor, Bellevue, Washington 98004 (“Radiant”) and Tim Boyce  residing at 1030 North State Street, Apartment 2F, Chicago, Illinois 60610 (“Employee”)  and sets forth the terms and conditions of Employee’s separation from employment with Radiant.

 

WHEREAS, Employee and Wheels Group Inc. (subsequently acquired by Radiant) entered into a formal Executive Employment Agreement dated February 1, 2012 (“Employment Agreement”) attached hereto as Exhibit A.  

WHEREAS, Radiant and Employee wish to settle and resolve all issues arising out of Employee’s employment with and separation from Radiant without any disputes or proceedings.  

NOW, THEREFORE, for and in consideration of the mutual promises and other good and valuable consideration described below, the receipt and adequacy of which are acknowledged by Radiant and Employee, both of them agree to the following:

1.Separation Date.  Radiant and Employee agree that Employee’s last date of employment by Radiant is December 31, 2019 (“Separation Date”).  Regardless of whether Employee signs this Agreement, Employee will receive: (a) Employee’s salary through the Separation Date; (b) accrued but unused vacation/PTO, in accordance with Radiant’s policies; and (c) payment for all unreimbursed business expenses incurred as of the Separation Date in accordance with Radiant’s policies.   Except as otherwise specifically stated herein, the terms and conditions of Employment Agreement terminates as of the Separation Date.  

2.Additional Consideration.  

(a)Lump Sum Payment.  Radiant agrees to pay Employee the following additional payments (“Additional Payment”) in the lump sum of $323,962.00 comprised of:

(i)$275,000.00 for base salary;

(ii)$12,000.00 for vehicle allowance;

(iii)$762.00 for life insurance, accidental death and dismemberment, short-term and long-term disability benefits;

(iv)$14,200.00 for RRSP contributions; and

(v)$22,000.00 for the average annual incentive bonus paid to Employee over the past two (2) years.  

 


 

As required by the Employment Agreement, Employer will pay for Employee’s medical/dental/vision health care premiums for a period of  twelve (12) months from the Effective Date.  

The Additional Payment is subject to applicable taxes and with
holding amounts and will be paid in a single lump-sum payment on Radiant’s next regularly scheduled payroll date following the expiration of the seven (7) day revocation period for this Agreement.  As consideration for entering into this Agreement, Employee agrees that Radiant does not owe Employee any other payments or consideration except as otherwise provided in this Agreement.

(b)Stock Options; Restricted Stock Units.  Employee may exercise any and all rights for any existing stock option grants or restricted stock unit grants pursuant to Radiant’s 2012 Stock Option and Performance Award Plan (“Plan”) pursuant to the terms and conditions of the Plan except that the exercise window shall be extended to the term of Employee’s separate Independent Contractor Agreement entered into between Radiant and Tim Boyce (“Contractor Agreement”) but in no case for a period less than the twelve (12) month period ending December 31, 2020.  Any such stock options or restricted stock units granted to Employee under the Plan thereunder shall vest and be exercisable by Employee in accordance with the terms and conditions of: (1) the applicable grant of stock options or restricted stock units; and  (2)  the Plan; except that any existing awards shall continue to vest during the term of the Contractor Agreement and the exercise window for any existing awards will be extended.  Upon termination, any unvested options or restricted stock units will vest immediately prorata as based upon the number of full years and months completed. For example, if Employee has restricted stock units that were issued on September 5, 2018, and Employee terminates his independent contractor agreement on November 10, 2020, Employee would receive 26/36 of those restricted stock units issued in September, 2018 as Employee would have completed 26 out of 36 months of the three (3) year vesting period.  Otherwise, the exercise window for any existing awards will be extended until ninety (90) days after the termination of the Contractor Agreement unless the Contractor Agreement is terminated by Radiant for cause as provided in the Contractor Agreement, in which case all rights and privileges under the Plan shall terminate immediately.

(c)Medical Benefits.  At the time of termination, Employee may purchase ongoing health, dental and vision benefits under the federal COBRA law.  

3.No Authority.  Employee understands and agrees that effective as of the Separation Date, Employee is no longer authorized to incur any expenses, obligations or liabilities on behalf of Radiant or to act on behalf of or represent himself as an employee of Radiant.

4.Return of Property.  Employee warrants and represents that as of the Effective Date, Employee will return to Radiant all Radiant property (temporarily excluding Employee’s laptop computer and cell phone that Employee may continue to use during the term of the Contractor Agreement) in Employee’s possession or control, including, but not limited to, credit cards, access cards, keys to Radiant buildings or property, all Radiant equipment, and other electronic equipment, and all Radiant documents and papers, customer lists, manuals, files, price

 

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lists, and all other trade secrets and/or confidential Radiant information, and all copies thereof, in paper, electronic or in any other form.  To the extent Employee has Radiant documents or other data in electronic or hard-copy form, Employee warrants and represents that he will promptly return all such documents and data to Radiant and destroy and/or delete any and all duplicates of such documents or data.  Employee must first obtain Radiant’s prior written consent to retain any equipment or property (not otherwise listed or excluded) during the term of the Contractor Agreement.  Employee also warrants and represents that Employee has disclosed to Radiant all passwords, codes, and any other mechanism by which Employee has or had access to Radiant’s computer systems or facilities.  Employee promises not to access or attempt to access Radiant’s computer systems or software after the Separation Date, nor will Employee provide information to any other person or entity that will allow that party unauthorized access to Radiant’s computer systems or software or facilities.  Employee further warrants and represents that Employee has not compromised, corrupted, misappropriated, damaged or inappropriately shared, uploaded, or downloaded data belonging or relating to Radiant’s computer systems or its business.

5.Letter Regarding Employment/Response to Inquiries. Employee agrees to instruct prospective employers to direct any inquiries concerning his employment to Radiant’s General Counsel.  Except as otherwise provided in a separate release agreement, Employee authorizes Radiant to respond fully to inquiries from prospective employers for which Employee defend, indemnify and hold Radiant harmless for any such disclosure.  Radiant agrees that in response to any such inquiry, its General Counsel will inform the inquiring party that pursuant to company policy, Radiant will not provide any information other than to confirm Employee’s last position held, and dates of employment.

6.Waiver and Release of Claims by Employee.

(a)With the exception of the obligations arising under this Agreement, Employee knowingly and voluntarily, unconditionally and forever, waives and releases any and all claims, damages, causes of action and rights, whether known or unknown, contingent or noncontingent, contractual or otherwise against Radiant or any of its related, affiliated or subsidiary organizations, and each of its and their respective directors, officers, agents, representatives and employees, past and present, and each of their successors and assigns (“Released Parties”).  Employee makes this commitment even though Employee understands that Employee may not, as of this date, know all of the claims Employee may lawfully have against the Released Parties and that Employee is relinquishing the right to pursue any claims that Employee could have pursued before courts without having the opportunity to pursue those claims to a trial and have the damages, if any, set by a judge and/or jury.  This release is intended to be as broad as the law allows and includes, without limitation, any claims pursuant to statute or otherwise for attorneys’ fees and costs.

(b)Employee represents and warrants that Employee has not filed any complaints or charges with any administrative agency, or any lawsuits against Radiant in any court.

 

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(c)Notwithstanding the foregoing, this release does not include claims for breach or enforcement of this Agreement, claims that arise after the execution of this Agreement, claims to vested benefits under ERISA, unemployment compensation claims, or any other claims that may not be released by agreement pursuant to applicable law, nor shall it preclude Employee from filing charges of discrimination with the EEOC or equivalent state anti-discrimination agency or filing a complaint with any other federal, state, or local government agency; however, in signing this Agreement, Employee waives any right to recover monetary damages in connection with any such filing. This Agreement does not limit Employee’s right to receive an award for information provided to any government agencies.

(d)Employee agrees to fully cooperate with Radiant and its agents in seeking any governmental or judicial approval of the terms of this Agreement in order to ensure that it is fully enforceable as written, to the extent such approval becomes necessary.

(e)Employee acknowledges and agrees that he has received all leaves of absence to which he is entitled.

7.Acknowledgement of Waiver of Claims Under ADEA.  In accordance with the Older Workers’ Benefit Protection Act, the parties agree that:

(a)Employee specifically intends to knowingly and voluntarily waive any rights Employee may have under the Age Discrimination in Employment Act (ADEA), and he intends to release Released Parties from any and all claims for damages or other remedies he may have under the ADEA.  This release is not to be construed as a waiver of ADEA claims that may arise after the execution of this Agreement.

(b)By this Agreement, Radiant hereby advises Employee that Employee should consult with and obtain the advice of an attorney of Employee’s choice before signing this Agreement.

(c)Employee has a period of twenty-one (21) days to consider whether to accept the terms of this Agreement, and by executing this Agreement on the day below, has waived the balance of that period, if any.

(d)Employee may revoke this Agreement within seven (7) calendar days of execution of this Agreement.  To be effective, any such revocation must be in writing and received by Radiant at the end of the seven (7) day period. Notice of revocation must be MAILED AND EMAILED to Bohn Crain, CEO, Radiant Global Logistics, Inc. located at 405 114th Avenue SE, Third Floor, Bellevue, Washington 98004, and to bcrain@radiantdelivers.com.  If Employee revokes this Agreement, the entire Agreement becomes invalid and unenforceable and no benefits hereunder will be provided to Employee.  The Agreement becomes effective on the eighth day after Employee signs it.

8.Nondisclosure. Employee agrees that, except as authorized in writing by Radiant, he has not and will not directly or indirectly use, disclose, reproduce, or in any other way publicly or privately disseminate or discuss any “Proprietary and Confidential Information” of

 

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Radiant.  Proprietary and Confidential Information shall mean all information not generally known to the public that relates to Radiant, the business or personnel of Radiant or to any third parties doing business with Radiant, including but not limited to information about Radiant’s relationships with governmental authorities, public and private organizations and businesses; company strategies and business Plan; customers and prospective customers; providers or vendors; pricing, product or rating information, billing and financial data; and sales and marketing information.  Proprietary and Confidential Information shall also include all other information that has been treated or designated by Radiant as confidential or proprietary.  Should Employee be required by law, legal process, or subpoena to provide information related to this Agreement, Employee agrees that before making any response and within three (3) days of Employee’s receipt of such notice, law, legal process, or subpoena, to provide written notice to Radiant, so that Radiant can, at its election, asserts its rights and interests.

9.Non-Disclosure, Non-Competition and Non-Solicitation.  The terms and conditions of Employee’s Employment Agreement, Section 4, Non-Disclosure, Non-Competition and Non-Solicitation are by this reference incorporated herein and remain in full force and effect.  Employee agrees to comply fully with all continuing obligations therein.

10.Non-Disparagement. Employee agrees not to make any statements, verbally or in writing, about Radiant and/or its officers, directors, employees or agents in any manner that calls into question their morality, integrity, conduct, business ability, or business judgment; provided that Employee will respond accurately to any question, inquiry or request for information when required by legal process.  

11.Confidentiality. Employee agrees to keep the existence and terms of this Agreement strictly confidential, and will not disclose the existence and terms of this Agreement to present or former employees of Radiant or anyone else except as is necessary for accounting purposes, tax purposes, securing of government benefits, loans, or if required by law or by a lawfully issued and enforceable subpoena, or as may be necessary for the purpose of enforcing this Agreement.  Employee further agrees that in the event of any such disclosure, Employee will advise such person as to the terms of this Section and that the terms of this Agreement are not to be disclosed to anyone.  In response to any other inquiry relating to the existence or terms of this Agreement, Employee will state only that “I cannot discuss the matter.”  Employee understands and agrees that a breach of this confidentiality provision will be treated as a material breach of this Agreement.

12.Litigation Assistance and Indemnification.  In the event that any charge, complaint or lawsuit is filed against Radiant or any of its affiliates, Employee agrees to provide reasonable cooperation to Radiant in the defense of the same.  Such cooperation may include, without limitation, meeting with and providing information to Radiant’s agents and attorneys upon reasonable notice and at mutually agreed upon times and places.

13.No Admission of Liability.  This Agreement shall not be construed as an admission by Radiant or Employee of any wrongdoing, improper conduct, liability, breach of any agreement between Radiant or Employee, or violation by Radiant or Employee of any

 

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statute, law or regulation.  Both parties agree that neither this Agreement nor any of its terms or conditions will be offered or received in evidence in any proceeding or used in any manner as an admission of wrongdoing or liability on either party’s part except in connection with an action to enforce the terms of this Agreement.  

14.Governing Law and Venue. Interpretation and enforcement of this Agreement shall be governed by the substantive laws which exist in the State of Washington on the date of execution of this Agreement without regard to its conflicts of law principles. In any dispute arising out of or relating to this Agreement, the parties agree that venue shall be in King County, Washington.  

15.Severability.  If any of the provisions of this Agreement shall prove to be invalid, void or illegal, it shall in no way affect, impair or invalidate any of the other provisions of this Agreement.

16.Counterparts.  This Agreement may be signed in counterparts, each such counterpart being as fully effective as if a single original had been signed.  This Agreement may be signed and conveyed by facsimile or electronic mail via PDF and such signature will be binding on the person signing.

17.Enforcement.  In any action to enforce any of the provisions of this Agreement, the prevailing party shall be entitled to recover its reasonable attorney’s fees and costs, in addition to any other damages and remedies available at law or in equity.

18.Entire Agreement.  This Agreement constitutes the entire agreement between the parties and it fully replaces and supersedes all prior arrangements, discussions and negotiations between the parties except with respect to Employee’s vested benefits, if any, under any of Radiant’s employee benefit Plan or programs. This Agreement may only be changed or modified in a writing signed by both parties hereto.  


 

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IN WITNESS WHEREOF, the parties have entered into this Agreement as of the Effective Date first set forth above.

RADIANT GLOBAL LOGISTICS, INC:

 

 

By: /s/ Bohn H. Crain

Its: Chief Executive Officer

Date: December 17, 2019

 

 

TIM BOYCE:

 

 

/s/ Tim Boyce

Date: December 31, 2019

 

 


 

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EXHIBIT A: EXECUTIVE EMPLOYMENT AGREEMENT

 

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Exhibit 10.2

 

 

INDEPENDENT CONTRACTOR AGREEMENT

 

 

This Independent Contractor Agreement (“Agreement”) is made and effective as of January 1, 2020 (“Effective Date”) by and between Radiant Global Logistics, Inc., a Washington corporation, located at 405 114th Avenue SE, Third Floor, Bellevue, Washington 98004 (“Radiant”), and Tim Boyce, an independent contractor with an address of  1030 North State Street, Apartment 2F, Chicago, Illinois 60610 (“Contractor”).

 

1.Services

 

 

1.1

Services.  Contractor will report to Radiant’s Chief Executive Officer (“CEO”) and provide consulting services to Radiant, specifically Radiant Clipper, as requested by Radiant’s CEO  including, but not limited to the following services (“Services”), specifically:

 

1.1.1

Provide coaching, mentoring and feedback on employee performance;

 

1.1.2

Assist in the assignment of tasks and duties to team members;

 

1.1.3

Assist in setting department goals and objectives consistent with Radiant Clipper strategic goals and market demands;

 

1.1.4

Assist in reviewing and setting operational budget and staffing requirements;

 

1.1.5

Assist in vetting acquisition opportunities.

1.2Duties and Responsibilities.  Contractor represents and warrants that he will act in the best interests of Radiant at all times and will faithfully discharge his duties and responsibilities hereunder.  Contractor shall not undertake any other business, consulting or work or become a director, officer, employee or agent of any other person, entity or competitor, directly or indirectly, without the express prior written consent of Radiant.  Contractor agrees to comply with any policies and practices adopted and/or implemented by Radiant from time to time and/or subsequently amended by Radiant.

1.3Relationship of the Parties.   Contractor is an independent contractor and consultant of Radiant with respect to the Services provided and received under this Agreement.  The parties hereby disclaim any intention to create an employment relationship or any relationship other than that of independent contractors.  Contractor will not represent himself to be an employee of Radiant, enter into any agreement on Radiant’s behalf or in Radiant’s name or make any effort to obligate or bind Radiant.  Radiant will not control or direct the details and means by which Contractor performs his work, except to the extent necessary to coordinate Contractor’s work with that of Radiant’s personnel.

 

2.Compensation and Expenses

 

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2.1Compensation.  During the term of this Agreement, Consultant will be paid a gross amount of $6,250.00 each month in consideration for which Consultant will work a minimum of forty (40) hours each month.

 

2.2Fees; Reimbursement of Certain Expenses.  Subject to the terms and conditions of this Agreement, Radiant will compensate Contractor for reasonable fees and expenses incurred by Consultant while providing the Services.  Acceptable business expenses for business related costs will be reimbursed monthly upon completion of an acceptable expense report submitted to the attention of Bohn Crain, Radiant CEO.

 

2.31099 Information; Invoices.  On or before the Effective Date, Contractor shall provide Radiant with its 1099 tax information.  Radiant will pay Contractor all undisputed amounts via ACH payment within ten (10) days after receipt of Contractor’s acceptable invoice, which invoice will include any substantiating documentation as may be requested by Radiant.  

 

3.Term; Termination

 

3.1Term and Renewal.  The term of this Agreement will begin on the Effective Date and will continue for a period of one (1) year unless earlier terminated in accordance with this Section 3.  Thereafter, this Agreement may be renewed or extended if and as mutually agreed in writing by the parties.

 

3.2Termination for Breach.  Either party may terminate this Agreement for material breach or default or Just Cause (as defined below) of the other party on thirty (30) days’ prior written notice to the breaching party.  If the breaching party does not cure the breach or default within the thirty (30) day notice period, this Agreement will automatically terminate at such time.  For purposes of this Agreement, “Just Cause” includes, without limitation: (i) the neglect or willful failure of Contractor to substantially perform his duties herein (except by reason of any bona fide disability); (ii) Contractor’s misconduct involving the property, business or affairs of Radiant and/or any other subsidiary or affiliate of Radiant; (iii) any act of theft, fraud or dishonesty by Contractor; (iv) any material conflict of interest involving Contractor; (v) Contractor’s material breach of this Agreement; (vi) any material failure by Contractor to comply with the policies, rules and regulations of Radiant; or (vii) any other conduct that is determined by a court of competent jurisdiction to constitute just cause for the termination of this Agreement.

 

3.3Termination for Convenience.  Either party may terminate this Agreement, at any time and without cause, upon ninety (90) days prior written notice.

 

4.Confidentiality and Non-Disclosure.  Any proprietary and/or confidential information provided by Radiant to Contractor under this Agreement shall be treated as confidential ("Confidential Information").  For purposes of this Agreement, "Confidential Information" includes, but is not limited to, information regarding financial statements, business plans or forecasts, operational information, acquisition opportunities, trade secrets, pricing models, marketing strategies, promotional events, vendor and customer lists, and any other information that by its nature and scope is intended to be treated as confidential.

 

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Contractor represents and warrants that during the term of this Agreement and thereafter, Contractor  will: (i) maintain the confidentiality of the Confidential Information during and after the term of this Agreement; (ii) keep all Confidential Information in a secure and confidential location; (iii) not use the Confidential Information for any purpose other than performing his duties or responsibilities under this Agreement; (iv) not disclose Confidential Information to any third party without Radiant’s express prior written consent (unless required by law and then only after notice to Radiant); and (v) upon expiration or termination of this Agreement return to Radiant all Confidential Information, including all copies.

 

5.Non-Competition.  Contractor acknowledges that his Services are unique and extraordinary and that his position gives him access to Confidential Information of material importance to Radiant.  Accordingly, Contractor hereby covenants and agrees that during the term of this Agreement and for a period of twelve (12) months after expiration or termination of this Agreement (“Restricted Period”), Contractor will not, directly or indirectly, either individually, in partnership or jointly or in conjunction with any person as employee, principal, agent, shareholder or in any other manner whatsoever carry on, be engaged with, be involved in, or lend his name to any competitive entity operating within the United States or Canada.

 

6.Non-Solicitation.   During the Restricted Period, Contractor shall not, except on behalf of Radiant, directly or indirectly contact or solicit any customer, potential customer, Radiant employee or agent station of Radiant (collectively defined as “Party”) or assist any person or entity to contact or solicit, directly or indirectly, any such Party on behalf of a competitor of Radiant.  For purposes of this Agreement, the term “customer” means any person or entity that purchased products or services from Radiant, or any other subsidiary, affiliate or network station of Radiant.  

 

7.Governing Law and Waiver of Jury Trial.  This Agreement is governed by the substantive laws of the State of Washington, excluding its conflicts of law rules.  Exclusive venue for any action hereunder will lie in the state and federal courts located in Seattle, King County, Washington, and both parties hereby submit to the jurisdiction of such courts.

 

8.Severability.  If any provision of this Agreement is invalid or unenforceable in any jurisdiction, the other provisions herein will remain in full force and effect in such jurisdiction and will be liberally construed to effectuate the purpose and intent of this Agreement.

 

9.Waiver of Breach.  The waiver of any breach of any provision of this Agreement will be effective only if in writing.  No such waiver will operate or be construed as a waiver of any subsequent breach.  

 

10.Counterparts.  This Agreement may be executed in two or more counterparts, each of which will be deemed to be an original, but all of which together will be considered one and the same agreement.

 

11.Enforcement.  Contractor acknowledges that irreparable injury will result to Radiant if Contractor breaches any of the covenants contained herein.  Therefore, Contractor expressly agrees that in the event of any such breach or threatened breach, Radiant shall be entitle to seek injunctive relief to restrain any further breach of Contractor’s covenants or any of Contractor’s

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partners, agents or any other person(s) acting for or with Contractor in this Agreement in addition to any other rights or remedies available to Radiant at law or in equity.

 

12.Entire Agreement/Amendments.  This Agreement and all other exhibits that are incorporated herein by reference, contains the entire agreement of the parties regarding the subject matter described herein.  The provisions of this Agreement may not be amended except by an agreement in writing signed by both parties that references this Agreement and states their intention to amend it.

 

The parties hereto have caused this Agreement to be executed by their duly authorized representatives as of the Effective Date.

 

 

 

Radiant Global Logistics, Inc.

 

By:   /s/ Bohn H. Crain

Name:   Bohn H. Crain

Title:   Chief Executive Officer

Date:   December 17, 2019

Tim Boyce

 

By:   /s/ Tim Boyce

Name:   Tim Boyce

Title:  

Date:   January 1, 2020

 

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