Amended and Restated Non-competition, Non-solicitation & Severance Benefit
CHOICE HOTELS INTERNATIONAL INC /DE
***Amended and Restated Non-Competition, Non-Solicitation & Severance Benefit ***
***Agreement ***
This Amended and Restated Non-Competition, Non-Solicitation & Severance Benefit Agreement (“Agreement”) is effective as of this 31st day of August, 2026 between Choice Hotels International, Inc. (“Choice”), a Delaware corporation with principal offices at 915 Meeting Street, North Bethesda, Maryland 20852, and Dominic Dragisich (“Employee”), and amends and restates the Non-Competition, Non-Solicitation & Severance Benefit Agreement between the parties dated March 6, 2017, as amended on December 31, 2025.
*Recitals *
A. Employee will become, on August 31, 2026, the President & Chief Executive Officer of Choice and/or a subsidiary of Choice (collectively, “Choice”);
B. Choice devotes significant time, resources and effort to the training and advancement of its management employees, and its management team constitutes a significant asset and important competitive edge;
C. Choice has determined that it is in the best interest of the company and its shareholders to enter into an agreement with Employee whereby Employee agrees to certain non-competition, non-solicitation and confidentiality restrictions in consideration of, among other things, certain severance benefits.
NOW, THEREFORE, in consideration of the promises contained in this Agreement, and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties agree to the following terms:
…