EX-10.3 4 lfst-ex10_3.htm EX-10.3 EX-10.3

Exhibit 10.3

LifeStance Health Group, Inc.

 

INDEPENDENT CONTRACTOR AGREEMENT

 

This INDEPENDENT Contractor Agreement (this “Agreement”), made and entered into as of July 1, 2022 (the “Effective Date”), between LifeStance Health Group, Inc. (“Company”) and Gwendolyn Booth (“Contractor”) contains the terms and conditions on which Contractor will provide certain Services (as hereinafter defined) to Company. In consideration of the promises and agreements herein contained, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the parties agree as follows:

 

1. Services. The specific engagement scope, services, and fees are set forth in Exhibit A attached hereto and hereby made a part of this Agreement (“Services”). Time is of the essence in this Agreement. Contractor agrees to devote as much business time as is necessary to properly perform any services hereunder.

 

2. Ownership. All original written material and deliverables produced by Contractor as part of the Services or during the course of her performance hereunder shall be the property of Company with all rights to use, reproduce, display, distribute, modify and make derivative works in any form and may be utilized outside of this Agreement by Contractor only with Company’s prior written approval. All work product produced, unless otherwise noted by Contractor in writing, is original and Contractor irrevocably assigns, grants and sells all right, title and interest to such work product, along with all rights to copyright, register for trademark, use, publish and republish in all forms of media, to Company and its assigns.

 

3. Term and Termination. This Agreement will commence on the Effective Date and unless terminated as otherwise provided herein, shall continue until the End Date set forth in Exhibit A. Notwithstanding the foregoing, Contractor may terminate this Agreement at any time, for any or no reason, without penalty, upon written notice to Company. In addition, Company may, in addition to its other rights, terminate this Agreement upon notice if Contractor violates any of her obligations under this Agreement or any other agreement between Contractor and the Company or any of its affiliates; provided, however, that any such termination shall require the consent of both of the Chief Executive Officer of the Company and the Compensation Committee of the Company. In the event of termination, Company is obligated to pay only for actual Services rendered by Contractor prior to the effective date of termination.

 

4. Fees. Contractor shall be paid for the Services as set forth in Exhibit A. Contractor shall invoice Company as set forth on Exhibit A.

 

5. Independent Contractor Relationship. Contractor and Company expressly agree that, in providing services to Company under this Agreement, Contractor will be an independent contractor and will not be an employee or agent of Company or any of its affiliates. Contractor agrees that Contractor will have no right to make any commitments on behalf of Company or any of its affiliates without the express written consent of an authorized officer of Company. Contractor further agrees that Contractor will provide services hereunder independently and will not receive training or direction from Company or any of its affiliates, other than as to the goals to be achieved through the provision of such services. Contractor is free to accept engagements from others during the term of this Agreement, as long as those engagements do not interfere with Contractor providing services under this Agreement or otherwise violate any of Contractor’s obligations hereunder or under any other agreement between Contractor and Company or any of its affiliates. Contractor warrants that it has and will comply with all federal, state and local laws regarding business permits, insurance, tax registrations, certificates and licenses that may be required to carry out the services. Contractor is not eligible for, and shall not actively participate in, any employee pension, health, or other benefit plan of Company. Contractor will not earn paid time off or other similar benefits.

 

6. Performance of Obligations. Contractor shall at all times perform her obligations hereunder in such a manner as to not cause Company to be in material violation of any applicable laws or regulations.

 

7. Confidential Information. Except as otherwise provided in this Agreement or with the prior written consent of Company, Confidential Information shall remain strictly confidential and secret and shall not be disclosed to third parties, or utilized, directly or indirectly, by Consultant for her own business purposes or for any other purpose. “Confidential Information” includes all Company information provided to Consultant or to which Consultant may have access to (including information gathered in connection with the Services), including without limitation, business and financial information of any kind, patient information of any kind, vendor lists, pricing information, business

 

 

strategies and methods, business projections/forecasts and documents, marketing studies, profits, costs, pricing, advertising copy, business plans and records, trade secrets, technical and non technical data, business statistics and computer code, whether written or oral, tangible or intangible, whether or not such Confidential Information is designated as being confidential as well as any deliverables and any other material prepared under this Agreement by Consultant; provided, however, that the term "Confidential Information" shall not include information that (i) is generally known by or available to the public or which becomes known or available by means other than the breach hereof; (ii) is legally known to Consultant prior to the time Consultant receives such information from Company; or (iii) is legally disclosed to Consultant by an independent third party without restriction on disclosure. Notwithstanding the foregoing, Consultant is permitted to deliver a copy of any such information to any person pursuant to an order issued by a court of competent jurisdiction or administrative agency or otherwise as required by applicable law, provided that Company has been given reasonable notice thereof and the opportunity to prevent the disclosure of such information. Consultant acknowledges and agrees that breach of this Section may cause irreparable harm to Company for which recovery of money damages may be inadequate, and Company may be entitled to seek timely injunctive relief to protect its rights under this Section, in addition to any and all other remedies available at law or in equity.

 

8. Indemnity. Contractor agrees to protect, defend, hold harmless and indemnify Company, its directors, officers, employees, affiliates and their respective representatives from and against any and all claims, demands, actions, liabilities, damages, losses, fines, penalties, costs and expenses including reasonable attorneys' fees (collectively the "Claims"), of any kind whatsoever including, without limitation of the foregoing, those relating to actual or alleged death of or injury to persons and damage to property, actually or allegedly, directly or indirectly, arising or resulting from or connected with: (a) a breach of this Agreement by Contractor; (b) the Services and/or the omission or commission of any act, lawful or unlawful, by Contractor or her agents or employees (including without limitation while proceeding to or from the site of any Services) whether or not such act is within the scope of the agency or employment of such agents or employees; (c) insurance or tax requirements imposed on Company based upon Contractor's services rendered; (d) any Claim that any Services, work product or deliverable provided by Contractor infringes upon any patent, trademark, trade secret, copyright or similar proprietary right.

 

9. Insurance. Contractor will procure and maintain during the period of this Agreement and so long as any indemnity survives, such insurance as is reasonably and customary for similarly situated independent contractors.

 

10. Assignment. In the event of any sale or transfer of the assets or stock of Company, Company shall have the right to assign this Agreement and/or its rights hereunder to an acquirer and no consent to assign this Agreement shall be necessary for such assignment to be effective. The sale to any acquirer shall not be conditioned upon the acquirer’s acceptance of or continuation of this Agreement. Contractor may not assign this Agreement, nor subcontract any of her obligations hereunder, without the prior written consent of Company.

 

 

 

 

11. Miscellaneous

 

(a) Entire Agreement. This Agreement and the attached Exhibit shall constitute the entire agreement between the parties and supersede all previous communications and representations whether oral or written, between the parties or any officer or representative of the parties.

 

(b) Amendments. No amendments or other variation to this Agreement shall be effective unless in writing and signed by an authorized person on behalf of each party.

 

(c) Governing Law. This Agreement shall in all respects be governed by and construed in accordance with the laws of the State of Washington, except as to its conflicts of laws provisions. The parties hereby consent to the exercise of exclusive jurisdiction by the state or federal courts located in King County, Washington for any claim hereunder.

 

(d) Severability. If any provision of this Agreement is determined to be unenforceable or invalid, the remaining provisions of this Agreement shall remain in full force and effect.

 

(e) Notices. Any notices required under this Agreement shall be in writing. Notices shall be delivered in person or sent by overnight courier or by U.S. Mail addressed to the addresses as set forth below. Notice shall be

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effective upon delivery if delivered in person or sent by overnight courier or two days after being mailed, postage prepaid, by certified mail, return receipt requested.

 

If to Company:

LifeStance Health Group, Inc.

10655 NE 4th St

Suite 901

Bellevue, WA 98004

 

If to Contractor:

__________________

__________________

__________________

Attn: _____________

 

(f) No Waiver. The waiver by either party of any breach of this Agreement, or any warranty herein contained, shall not be construed as a waiver of any subsequent breach. Such party's failure to exercise any rights hereunder shall not operate as a waiver of such right.

 

(g) Survival. Sections 2, 5, 7, 8, 10 and 11 of this Agreement shall survive the termination or expiration of this Agreement for any reason.

 

AGREED AS OF THE DATE FIRST SET FORTH ABOVE:
 

LifeStance Health Group, Inc.

 

 

 

 

 

By:

/s/ Ryan Pardo

 

By:

/s/ Gwendolyn Booth

Name:

Ryan Pardo

 

Name:

Gwendolyn Booth

Title:

Chief Legal Officer

 

 

 

Date:

May 21, 2022

 

Date:

May 20, 2022

 

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EXHIBIT A

 

Start Date: July 1, 2022

 

End Date: June 30, 2023

 


Services:

 

The Consultant shall serve as the Executive Director of the LifeStance Foundation, the Company’s affiliated charitable organization focused on improving access to mental health care in the United States.

 

In addition, at the Company’s request, the Consultant will provide strategic consulting with respect to the enhancement of Company’s operating model, employee satisfaction and enhanced efficiency, as well as other assistance as may be requested by Company from time to time.

 

 

Fees: $13,750 per month payable in accordance with the Company’s ordinary accounts payable practices.