Form of Severance Agreement Sample Contracts

Neuronetics, Inc. – FORM OF SEVERANCE AGREEMENT (May 29th, 2018)

THIS SEVERANCE AGREEMENT (this “Agreement”), dated as of [            ] (the “Effective Date”), is made and entered into by and between Neuronetics, Inc., a Delaware corporation (the “Company”), and [            ] (“Executive”). The Company and Executive are sometimes referred to in this Agreement individually as a “Party” and collectively as the “Parties.”

Carters Inc – FORM OF SEVERANCE AGREEMENT (October 29th, 2015)

This Severance Agreement (“Agreement”) is made as of August ___, 2015 (the “Effective Date”), by and between The William Carter Company (the “Company”) and [_______________] (the “Executive”).

Express, Inc. – FORM OF SEVERANCE AGREEMENT (July 7th, 2015)

This SEVERANCE AGREEMENT (this “Agreement”), is entered into between Express, LLC, a Delaware limited liability company (the “Company”), and [NAME] (the “Executive”) as of [DATE] (the “Effective Date”).

Spectranetics Corp – FORM OF SEVERANCE AGREEMENT (February 27th, 2015)

This SEVERANCE AGREEMENT (the “Agreement”) is made as of the 6th day of January, 2015 (the “Effective Date”) by and between The Spectranetics Corporation, a Delaware corporation (the “Company”), and __________________ (the “Executive”).

Spectranetics Corp – FORM OF SEVERANCE AGREEMENT (February 27th, 2015)

This SEVERANCE AGREEMENT (the “Agreement”) is made as of the 6th day of January, 2015 (the “Effective Date”) by and between The Spectranetics Corporation, a Delaware corporation (the “Company”), and [Guy Childs][Shahriar Matin] (the “Executive”).

Harman International Industries Inc /De/ – Form of Severance Agreement [DATE] (February 19th, 2015)

This letter (this “Agreement”) sets forth our agreement concerning certain potential terminations of your employment with Harman International Industries, Incorporated (the “Company”).

Compuware Corp – FORM OF SEVERANCE AGREEMENT (November 5th, 2013)

THIS SEVERANCE AGREEMENT, dated [       ], 2013 (the "Agreement"), is made by and between Compuware Corporation, a Michigan corporation (the "Company"), and [               ] (the "Executive").

Harte Hanks Inc – FORM OF SEVERANCE AGREEMENT (June 11th, 2013)

THIS SEVERANCE AGREEMENT (this “Agreement”) is made as of                            , 20    , between Harte-Hanks, Inc., a Delaware corporation (the “Company”), and                            (the “Executive”).

Horace Mann Educators Corp /De/ – FORM OF SEVERANCE AGREEMENT (February 28th, 2013)

This SEVERANCE AGREEMENT (this “Agreement”), dated as of December 28, 2011, is an amendment and restatement of a severance agreement made and entered into by and between Horace Mann Educators Corporation (“HMEC”), a Delaware corporation (the “Parent Company”), Horace Mann Service Corporation (“HMSC”), an Illinois corporation (the “Employer Company”), (HMEC and HMSC collectively referred to as the “Company”), and x (the “Executive”).

Str Holdings, Inc. – FORM OF SEVERANCE AGREEMENT (October 3rd, 2012)

This Agreement, is made as of October 1, 2012 (the “Effective Date”), by and between [STR HOLDINGS, INC.], a Delaware corporation (the “Company”), and                     (the “Executive”).

Harman International Industries Inc /De/ – Form of Severance Agreement [Date] (April 26th, 2010)

This letter (this “Agreement”) sets forth our agreement concerning certain potential terminations of your employment with Harman International Industries, Incorporated (the “Company”).

Crosstex Energy Lp – FORM OF SEVERANCE AGREEMENT (March 1st, 2010)

THIS SEVERANCE AGREEMENT (“Agreement”) is made as of September  ____  , 2009, between Crosstex Energy Services, LP., a Texas corporation, and its affiliates (including, but not limited to, Crosstex Energy GP, LLC, and Crosstex Energy, L.P.), whose principal place of business is 2501 Cedar Springs Road, Dallas, Texas 75201 (collectively “Crosstex”), and  _____________  (“Employee”).

Wellcare Health Plans, Inc. – FORM OF SEVERANCE AGREEMENT (November 4th, 2009)

This SEVERANCE AGREEMENT (the “Agreement”) is made as of [          ] (the “Effective Date”), by and among WELLCARE HEALTH PLANS, INC., a Delaware corporation (“WellCare”), COMPREHENSIVE HEALTH MANAGEMENT, INC., a Florida corporation (the “Corporation”), and [          ], an individual (“Executive”), with respect to the following facts and circumstances:

Netscout Systems Inc – FORM OF SEVERANCE AGREEMENT FOR EXECUTIVE OFFICERS (June 1st, 2009)

WHEREAS, the Company considers the establishment and maintenance of a sound and vital management to be essential to protecting and enhancing the best interests of the Company and its stockholders; and

Netscout Systems Inc – FORM OF SEVERANCE AGREEMENT FOR EXECUTIVE OFFICERS (June 1st, 2009)

WHEREAS, the Company considers the establishment and maintenance of a sound and vital management to be essential to protecting and enhancing the best interests of the Company and its stockholders; and

Angiodynamics Inc – FORM OF SEVERANCE AGREEMENT (January 8th, 2009)

WHEREAS, the Company considers it essential to the best interests of its shareholders to foster the continued employment of key management personnel; and

Family Dollar Stores Inc – FORM OF SEVERANCE AGREEMENT FOR SENIOR VICE PRESIDENTS (October 14th, 2008)

This Severance Agreement is effective this                  day of October, 2008, by and between                         , (“Employee”) and Family Dollar Stores, Inc., and its successors, subsidiaries and affiliated companies (collectively, the “Company”).

Family Dollar Stores Inc – FORM OF SEVERANCE AGREEMENT FOR EXECUTIVE VICE PRESIDENTS (October 14th, 2008)

This Severance Agreement is effective this                  day of October, 2008, by and between                         , (“Employee”) and Family Dollar Stores, Inc., and its successors, subsidiaries and affiliated companies (collectively, the “Company”).

Harte Hanks Inc – FORM OF SEVERANCE AGREEMENT (June 27th, 2008)

WHEREAS, the Executive possesses an intimate knowledge of the business and affairs of the Company, its policies, methods, personnel and plans for the future and has acquired contacts of considerable value to the Company; and

Harte Hanks Inc – FORM OF SEVERANCE AGREEMENT (June 27th, 2008)

WHEREAS, the Executive possesses an intimate knowledge of the business and affairs of the Company, its policies, methods, personnel and plans for the future and has acquired contacts of considerable value to the Company; and

Harte Hanks Inc – FORM OF SEVERANCE AGREEMENT (June 27th, 2008)

WHEREAS, the Executive is currently serving as [President and Chief Executive Officer] [an Executive Vice President] [a Senior Vice President] of the Company;

Goodman Sales CO – FORM OF SEVERANCE AGREEMENT (April 15th, 2008)

THIS SEVERANCE AGREEMENT (the “Agreement”), dated as of February 13, 2008, is made by and between Chill Acquisition, Inc., a Delaware corporation (the “Company”), and [        ] (“Executive”).

Celebrate Express, Inc. – CELEBRATE EXPRESS, INC. FORM OF SEVERANCE AGREEMENT (April 11th, 2008)

This Severance Agreement (the “Agreement”) is dated as of MARCH 13, 2008 by and between DENNIS EVERHART, KRISTOPHER GALVIN and LISA TUTTLE (“Employee”) and Celebrate Express, Inc., a Washington corporation (the “Company”).

Energy East Corp – [Form of Letter Agreement amending Energy East Management Corporation Form of Severance Agreement for executive officers who do not have employment agreements] [Energy East Letterhead] (February 29th, 2008)

As you are aware, in 2004 a new Section 409A was added to the Internal Revenue Code by the American Jobs Creation Act of 2004 (the "Act"). The Act has made significant changes in the tax law as it is applied to executive compensation. In late September of 2005 the Internal Revenue Service published proposed regulations relating to compliance with the Act. As a "key employee" under the Act, if severance payments are made to you after termination from employment under the terms of your current Severance Agreement with Energy East Management Corporation (the "Company") dated                  ("Agreement") such payments must be made in compliance with the Act or an excise tax equal to 20% plus interest penalties (payable by you) will be imposed on all such payments.

Angiodynamics Inc – FORM OF SEVERANCE AGREEMENT (October 31st, 2007)

WHEREAS, the Company considers it essential to the best interests of its shareholders to foster the continued employment of key management personnel; and

Orient Express Hotels Ltd – [Form of Severance Agreement with Paul M. White as amended July 25, 2007] SEVERANCE AGREEMENT (July 31st, 2007)

THIS AGREEMENT, dated December 1, 2006, is made by and between ORIENT-EXPRESS HOTELS LTD., a Bermuda company (the “Company”), and Paul M. White (the “Executive”).

Jamba, Inc. – Form of Severance Agreement (June 11th, 2007)

This Severance Agreement (the “Agreement”) is made and entered into as of                          (the “Effective Date”), by and between Jamba Juice Company, a California corporation (the “Company”), and                      (the “Employee”). Capitalized terms used in this Agreement shall have the meanings set forth in Section 3 below.

Alberto-Culver CO – FORM OF SEVERANCE AGREEMENT AMENDMENT (December 13th, 2006)

This Amendment (this “Amendment”) is entered into as of the Effective Date by and between Alberto-Culver Company, a Delaware corporation (the “Company”) and                                      (the “Executive”) and shall be deemed to be effective on the date the last party signs this Amendment (the “Effective Date”).

New Sally Holdings, Inc. – FORM OF SEVERANCE AGREEMENT (November 22nd, 2006)

THIS AGREEMENT is entered into as of November 16, 2006 (the “Effective Date”) by and between Sally Beauty Holdings, Inc., a Delaware corporation, and                      (the “Executive”).

ViewPoint Financial Group – ViewPoint Bank has entered into the attached form of severance agreement with the following officers: (October 4th, 2006)

THIS SEVERANCE AGREEMENT (the "Agreement") is made and entered into this 29th day of September 2006 by and between ViewPoint Bank (the "Bank"), and _______________ (the "Employee").

Alberto Culver Co – FORM OF SEVERANCE AGREEMENT AMENDMENT (June 22nd, 2006)

This Amendment (this “Amendment”) is entered into as of the Effective Date by and between Alberto-Culver Company, a Delaware corporation (the “Company”) and                      (the “Executive”) and shall be deemed to be effective on the date the last party signs this Amendment (the “Effective Date”).

Alberto Culver Co – FORM OF SEVERANCE AGREEMENT AMENDMENT (June 22nd, 2006)

This Amendment (this “Amendment”) is entered into as of the Effective Date by and between Alberto-Culver Company, a Delaware corporation (the “Company”) and                      (the “Executive”) and shall be deemed to be effective on the date the last party signs this Amendment (the “Effective Date”).

Piedmont Natural Gas Co Inc – FORM OF SEVERANCE AGREEMENT (May 3rd, 2006)

THIS AGREEMENT, dated May 1, 2006, is made by and between PIEDMONT NATURAL GAS COMPANY, INC., a North Carolina corporation (the “Company”), and      (the “Executive”).

Acuity Brands Inc – Form of Severance Agreement (April 27th, 2006)

THIS AGREEMENT (the “Agreement”), made and entered into as of this 21st day of April, 2006, by and between ACUITY BRANDS, INC., a Delaware corporation (the “Company”), and _______________ (the “Executive”).

Energy East Corp – ENERY EAST MANAGEMENT CORPORATION FORM OF SEVERANCE AGREEMENT for executive officers of the company that do not have employment agreements (March 1st, 2006)

THIS AGREEMENT, dated ___________, 20__, is made by and between ENERGY EAST MANAGEMENT CORPORATION, a Delaware corporation (the "Company"), and _____________________ (the "Executive").