Separation Agreement (May 7th, 2009)
This Separation Agreement (this Agreement) is entered into on May 1, 2009 (the Effective Date) by and between by and between Life Time Fitness, Inc. (the Company), and Michael J. Gerend (Executive).
Summary of Employment Agreements December 31, 2007 (February 29th, 2008)
Non-compete term of 18 months across all employees in the event of a Termination situation and 24 months across all employees in the event of a Change of Control situation.
Schedule of Parties to Executive Employment Agreements (August 5th, 2004)
Each of the following employees is a party to the form of Executive Employment Agreement filed as Exhibit 10.32 to Amendment No. 3 to the Registration Statement on Form S-1 (No. 333-113764) of Life Time Fitness, Inc. filed with the SEC on June 9, 2004:
Contract (March 19th, 2004)
EXHIBIT 10.3 EMPLOYMENT AGREEMENT THIS EMPLOYMENT AGREEMENT (the "Agreement") is entered into on January 23, 2003, by and between LIFE TIME FITNESS, Inc. (the "Company"), and Michael Gerend ("Executive"). A. The Company is engaged in the business of managing health and fitness clubs and providing health and fitness club services throughout the United States. The Company has enjoyed considerable growth and success in the industry because of its innovative, confidential and proprietary management and marketing methods and plans. B. The Company desires to hire Executive as its employee, and Executive desires to be employed by the Company, subject to the terms and conditions set forth in this Agreement. NOW, THEREFORE, in consideration of the foregoing premises and the respective agreements of the Company and Executive set forth below, the Company and Executive, intending