Executive Termination Pay Agreement Sample Contracts

EXECUTIVE TERMINATION PAY AGREEMENT MARVIN R. ELLISON
Executive Termination Pay Agreement • October 14th, 2014 • J C Penney Co Inc • Retail-department stores • Texas

This Executive Termination Pay Agreement (the “Agreement”), dated as of _______________, 2014 is between J.C. Penney Corporation, Inc. (“Corporation”) and the undersigned member of the Corporation’s Executive Board (the “Executive”).

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EXECUTIVE TERMINATION PAY AGREEMENT JILL SOLTAU
Executive Termination Pay Agreement • October 2nd, 2018 • J C Penney Co Inc • Retail-department stores • Texas

This Executive Termination Pay Agreement (the “Agreement”), dated as of September 29, 2018 is between J. C. Penney Corporation, Inc. (“Corporation”) and Jill Soltau, its Chief Executive Officer effective October 15, 2018, a member of the Corporation’s executive team (the “Executive”). For the avoidance of doubt, this Agreement shall be of no force and effect prior to commencement of Executive’s employment with the Corporation.

Exhibit 10.2 Form of
Executive Termination Pay Agreement • March 27th, 2006 • J C Penney Co Inc • Retail-department stores • Texas
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