Executive Severance Agreement Sample Contracts

Executive Severance Agreement (June 7th, 2018)

THIS EXECUTIVE SEVERANCE AGREEMENT (this "Agreement"), dated as of June 1, 2018, is made and entered by and between RCM Technologies, Inc., a Nevada corporation (the "Company"), and Bradley S. Vizi (the "Executive").

AMERICAN SUPERCONDUCTOR CORPORATION First Amendment to Amended and Restated Executive Severance Agreement (June 6th, 2018)

This First Amendment to Amended and Restated Executive Severance Agreement ("Amendment") by and between American Superconductor Corporation, a Delaware corporation (the "Company"), and James F. Maguire (the "Executive") is made as of April 6, 2018.

Achaogen, Inc. Executive Severance Agreement (May 7th, 2018)

This Executive Severance Agreement (the "Agreement") is made and entered into by and between [________] ("Executive") and Achaogen, Inc. (the "Company"), effective as of the latest date set forth by the signatures of the parties hereto below (the "Effective Date").

Invuity, Inc. – Invuity, Inc. Executive Severance Agreement (May 4th, 2018)

This Executive Severance Agreement (the "Agreement") is entered into by and between Invuity, Inc. (the "Company"), and Andy Sale ("Executive") as of the date set forth on the signature page below (the "Effective Date").

Enservco Corporation – Executive Severance Agreement (April 30th, 2018)

This Executive Severance Agreement ("Agreement") is hereby entered into as of April 27, 2018 by and between ENSERVCO CORPORATION (the "Company") and AUSTIN PEITZ (the "Executive"), who are collectively referred to herein as the "Parties" and each as a "Party."

Lands' End, Inc. – Executive Severance Agreement (March 29th, 2018)
Amendment No. 1 to the Executive Severance Agreement (March 8th, 2018)

THIS AMENDMENT NO. 1 (the "Amendment") is made effective as of the 26th day of December 2017, by and between RCM Technologies, Inc., a Nevada corporation (hereinafter the "Company") and Rocco Campanelli (hereinafter the "Executive" and together with the Company, the "Parties").

Amendment No. 1 to the Executive Severance Agreement (March 8th, 2018)

THIS AMENDMENT NO. 1 (the "Amendment") is made effective as of the 26th day of December 2017, by and between RCM Technologies, Inc., a Nevada corporation (hereinafter the "Company") and Kevin D. Miller (hereinafter the "Executive" and together with the Company, the "Parties").

Radius Health, Inc. – Executive Severance Agreement (March 1st, 2018)

This Executive Severance Agreement ("Agreement") is made effective as of [DATE] ("Effective Date"), by and between Radius Health, Inc. (the "Company") and [NAME] ("Executive").

Realogy Holdings Corp. – Realogy Holdings Corp. Executive Severance Agreement (February 27th, 2018)

THIS SEVERANCE AGREEMENT (this "Agreement") is hereby entered into as of October 13, 2016, by and between Realogy Holdings Corp. (the "Company") and John Peyton ("Executive") (hereinafter collectively referred to as the "Parties").

Teladoc, Inc. – Executive Severance Agreement (February 27th, 2018)

This Executive Severance Agreement ("Agreement") is made effective as of July 17, 2017 ("Effective Date"), by and between Teladoc, Inc. (the "Company") and Mr. Peter McClennen, an individual resident in the Commonwealth of Massachusetts ("Executive").

Teladoc, Inc. – Amendment No. 1 to Executive Severance Agreement (February 27th, 2018)

This Amendment No. 1 to Executive Severance Agreement (this "Amendment"), by and between Teladoc, Inc., a Delaware corporation ("Teladoc"), and Mr. Peter McClennen, an individual resident in the Commonwealth of Massachusetts ("Executive"), is made as of November 1, 2017.

Schedule to Notes in Form of Executive Severance Agreement (February 26th, 2018)

This Agreement (the "Trust Agreement") is made this ____ day of ________, 20__, by and between SpartanNash Company (the "Company"), a Michigan corporation, and _____________ ("Trustee").

Executive Severance Agreement (February 26th, 2018)
Ingredion Incorporated Executive Severance Agreement (February 21st, 2018)

Agreement, made this _1st___ day of __March________________, 2016, by and between Ingredion Incorporated, a Delaware corporation (the "Company"), and Stephen K. Latreille (the "Executive").

Cullen/Frost Bankers, Inc. Executive Severance Agreement (February 7th, 2018)

THIS AGREEMENT is made and entered into as of the [DAY] day of [MONTH], [YEAR], by and between Cullen/Frost Bankers, Inc. (hereinafter referred to as the "Company") and [NAME] (hereinafter referred to as the "Executive").

Cullen/Frost Bankers, Inc. Executive Severance Agreement (February 7th, 2018)

THIS AGREEMENT is made and entered into as of the [DAY] day of [MONTH], [YEAR], by and between Cullen/Frost Bankers, Inc. (hereinafter referred to as the "Company") and [NAME] (hereinafter referred to as the "Executive").

Amendment to Cullen/Frost Bankers, Inc. Executive Severance Agreement (February 7th, 2018)

WHEREAS, the Company and the Executive have agreed to amend the Agreement, effective as of [MONTH] [DAY], [YEAR] (the "Effective Date") to eliminate the provisions of the Agreement providing for gross up of excise taxes imposed by Section 4999 of the Internal Revenue Code of 1986, as amended (the "Code") and to provide for cutback of amounts under the Plan so that payments to an individual do not exceed the safe harbor amount under Section 280G of the Code if such cutback would put the Executive in a net better after-tax position than paying the excise tax.

Executive Severance Agreement (January 31st, 2018)

By this Executive Severance Agreement dated January 25, 2018 ("Agreement"), Pier 1 Imports, Inc. and its affiliates and subsidiaries (herein "Pier 1 Imports" and/or "Company"), and Nancy A. Walsh ("Executive"), intending to be legally bound, and for good and valuable consideration, agree as follows:

US Foods Holding Corp. – Amended and Restated Executive Severance Agreement (January 8th, 2018)

This Amended and Restated Executive Severance Agreement (the "Agreement"), effective as of the date set forth on the signature page below (the "Effective Date") is made and entered into by and between US Foods, Inc. (the "Employer" or the "Company") and [_____________] (the "Executive").

Executive Severance Agreement (January 3rd, 2018)

By this Executive Severance Agreement dated January 25, 2018 ("Agreement"), Pier 1 Imports, Inc. and its affiliates and subsidiaries (herein "Pier 1 Imports" and/or "Company"), and Nancy A. Walsh ("Executive"), intending to be legally bound, and for good and valuable consideration, agree as follows:

Zayo Group Holdings, Inc. – Executive Severance Agreement (November 29th, 2017)

This Executive Severance Agreement (the "Agreement") is entered into as of November 27, 2017 (the "Effective Date") between Zayo Group, LLC, a Delaware limited liability company (the "Company"), and Daniel P. Caruso (the "Executive") (each of the foregoing individually a "Party" and collectively the "Parties").

Executive Severance Agreement (November 9th, 2017)

This Agreement (the "Trust Agreement") is made this ____ day of ________, 20__, by and between SpartanNash Company (the "Company"), a Michigan corporation, and _____________ ("Trustee").

Executive Severance Agreement (November 8th, 2017)

THIS EXECUTIVE SEVERANCE AGREEMENT (this "Agreement") is made and entered into, as of [*], 20__ (the "Effective Date"), by and between Energen Corporation, an Alabama corporation (the "Company"), and [*] ("Executive").

Executive Severance Agreement (November 7th, 2017)

This Executive Severance Agreement (this "Agreement") is made effective on November 7, 2017 (the "Effective Date"), between Haemonetics Corporation, a Massachusetts corporation with its principal offices at 400 Wood Road, Braintree, Massachusetts, 02184 (herein referred to as the "Company"), and Christopher A. Simon (the "Executive"). The Company and the Executive are collectively referred to herein as the "Parties" and individually referred to as a "Party."

Executive Severance Agreement (November 7th, 2017)

This Executive Severance Agreement (this "Agreement") is made effective on Insert Date (the "Effective Date"), between Haemonetics Corporation, a Massachusetts corporation with its principal offices at 400 Wood Road, Braintree, Massachusetts, 02184 (herein referred to as the "Company"), and Name (the "Executive"). The Company and the Executive are collectively referred to herein as the "Parties" and individually referred to as a "Party."

Wesco Aircraft Holdings Inc. – Executive Severance Agreement (September 18th, 2017)

This Executive Severance Agreement (Agreement) is made effective as of September 15, 2017 (Effective Date), by and between Wesco Aircraft Hardware Corp., a California corporation (the Company), and Kerry A. Shiba (Executive). For purposes of this Agreement (other than Section 1(g) below), the Company shall mean the Company and its subsidiaries.

As Part of Our Offer for You to Join U.S. Concrete, We Will Provide You With a Full, Non-Prorated Bonus Award for 2017 With a Guarantee That Your 2017 Bonus Shall Not Be Less Than $150,000. Equity: Pursuant to Our Long Term Incentive Plan, and Effective the First Day of Your Employment (The "Grant Date"), You Shall Be Granted Shares of Company Restricted Stock Equal in Value to $200,000. These Shares Will Vest Over Three Years in Equal Annual Installments From the Grant Date. This Vesting Schedule Assumes, and the LTIP Requires, That You Remain Employed With U.S. Concrete on Each Vesting Date. (September 8th, 2017)
Inducement Equity Grant: Restricted Stock Units (RSUs) Subject to Approval of the Compensation Committee or Its Designee and Subject to the Terms and Conditions of the Grant, and Further Subject to You Commencing Employment With Us on or Before October 2, 2017, You Will Receive an Inducement Equity Grant With an Approximate Total Value of $200,000, in the Form of A&F Restricted Stock Units (RSUs). The Actual Number of RSUs Granted Will Be Based on the Closing Stock Price on the Date of the Grant, Which Will Occur (Subject to Compensation Committee Approval) at the Next Regularly Scheduled Meet (September 6th, 2017)

This offer, if accepted, is for employment with the Company that is at-will, and nothing in this offer letter is to be construed as altering that at-will status or promising employment for a definite term.

Sears Hometown And Outlet Store – Executive Severance Agreement August 15, 2017 (August 17th, 2017)

This Executive Severance Agreement (this Agreement) is between Sears Hometown and Outlet Stores, Inc. (together with its subsidiaries SHO) and E. J. Bird (Executive).

TechnipFMC Ltd – Executive Severance Agreement (August 4th, 2017)

THIS AGREEMENT is made and entered into as of the [date], by and between TechnipFMC plc (hereinafter referred to as the "Company") and [Executive] (hereinafter referred to as the "Executive").

Care.com Inc – Executive Severance Agreement (July 21st, 2017)

This Executive Severance Agreement ("Agreement") is made effective as of July 19, 2017 ("Effective Date"), by and between Care.com, Inc. (the "Company") and Diane Musi ("Executive").

Care.com Inc – Executive Severance Agreement (July 21st, 2017)

This Executive Severance Agreement ("Agreement") is made effective as of July 19, 2017 ("Effective Date"), by and between Care.com, Inc. (the "Company") and Sheila Lirio Marcelo ("Executive").

Care.com Inc – Executive Severance Agreement (July 21st, 2017)

This Executive Severance Agreement ("Agreement") is made effective as of July 19, 2017 ("Effective Date"), by and between Care.com, Inc. (the "Company") and Michael Echenberg ("Executive").

Enservco Corporation – Executive Severance Agreement (June 12th, 2017)

This Executive Severance Agreement ("Agreement") is hereby entered into as of June 8, 2017 by and between ENSERVCO CORPORATION (the "Company") and ROBERT J. DEVERS (the "Executive"), who are collectively referred to herein as the "Parties" and each as a "Party."