SEVERANCE AGREEMENT AND GENERAL RELEASESeverance Agreement and General Release • September 22nd, 2020 • United Rentals North America Inc • Services-equipment rental & leasing, nec • Connecticut
This Severance Agreement and General Release (together, with all documents referenced and/or incorporated herein, including, but not limited to, the Consulting Agreement (as hereafter defined), the “Agreement”) is made and entered into as of the Effective Date (as such term is defined below) by and between United Rentals, Inc. (“URI”) (URI and its subsidiaries, parents and other affiliates are referred to collectively as the “Company”), and Paul McDonnell (“Employee”). The purpose of this Agreement is to memorialize URI’s offer to provide Employee with the consideration described in Section 2 below in exchange for the promises and undertakings by Employee as set forth herein. This Agreement shall become effective as described in Section 10 below, provided that it is executed and delivered no later than as set forth in Section 9 below.
