RETIREMENT AND RELEASE AGREEMENTRetirement and Release Agreement • February 29th, 2016 • XPO Logistics, Inc. • Transportation services
This Retirement and Release Agreement (this “Agreement”) is entered into by and between Mr. Louis DeJoy (“you”) and XPO Logistics, Inc., a Delaware corporation (together with its successors and assigns, the “Company”), on December 7, 2015. All capitalized but undefined terms used in this Agreement have the meanings set forth in that certain Amended and Restated Employment Agreement entered into as of July 29, 2014 by and among you, the Company and XPO Logistics Supply Chain, Inc. (f/k/a New Breed, Inc.), a North Carolina corporation and indirect subsidiary of the Company (“XPO SC” and such agreement, the “Employment Agreement”). In consideration of the covenants undertaken and the releases contained in this Agreement, you and the Company agree as follows:
