Senior Executive Severance Agreement Sample Contracts

Senior Executive Severance Agreement (September 6th, 2017)

This Senior Executive Severance Agreement (this "Agreement") is entered into and made effective as of the _____ day of __________, 20__ (the "Effective Date"), by and among BIG LOTS STORES, INC., an Ohio corporation ("BLSI"), BIG LOTS, INC., an Ohio corporation and the ultimate parent company of BLSI ("BLI"), and _____________, an individual residing in the State of Ohio ("Executive").

Amendment No. 3 to Senior Executive Severance Agreement. (October 2nd, 2012)

The Ryland Group, Inc. (the Company) and (the Executive) amend the Senior Executive Severance Agreement dated as of (the Agreement) to modify Section 1.8, Subsequent Imposition of Excise Tax to eliminate the tax gross-up benefit it provides to the Executive.

Amended and Restated Senior Executive Severance Agreement (January 5th, 2010)

The Company shall give written notice to Executive of a determination by the Board that there is Cause for termination. Such notice shall be given by the Company's most senior officer or any member of the Board. A termination for Cause is effective as of the date that notice is sent to Executive, regardless of the date on which Executive receives such notice. If Executive's employment is terminated for Cause, Executive will receive no severance or separation pay of any sort after the effective date of the termination, except for base salary earned with respect to services performed prior to the date of termination and, to the extent not previously paid, reimbursement of any expenses incurred by Executive in the normal course consistent with the Company's Policies.

Second Amendment to Senior Executive Severance Agreement (March 2nd, 2009)

Second Amendment (Amendment) made as of the 15th day of December, 2008 to the Senior Executive Severance Agreement (Severance Agreement) dated as of July 30, 1998, as subsequently amended as of November 1, 2007, by and among Boston Properties, Inc., a Delaware corporation with its principal executive office in Boston, Massachusetts (the Company), Boston Properties Limited Partnership, a Delaware limited partnership with its principal place of business in Boston, Massachusetts (BPLP) (the Company and BPLP shall be hereinafter collectively referred to as the Employers), and Mortimer B. Zuckerman of New York, New York (the Executive).

Second Amendment to Senior Executive Severance Agreement (March 2nd, 2009)

Second Amendment (Amendment) made as of the 15th day of December, 2008 to the Senior Executive Severance Agreement (Severance Agreement) dated as of July 30, 1998, as subsequently amended as of November 1, 2007, by and among Boston Properties, Inc., a Delaware corporation with its principal executive office in Boston, Massachusetts (the Company), Boston Properties Limited Partnership, a Delaware limited partnership with its principal place of business in Boston, Massachusetts (BPLP) (the Company and BPLP shall be hereinafter collectively referred to as the Employers), and Edward H. Linde of Weston, Massachusetts (the Executive).

Amendment No. 1 to Senior Executive Severance Agreement. (February 25th, 2009)

The Ryland Group, Inc. (the Company) and (the Executive) wish to amend the Severance Agreement originally dated as of to comply with the final Regulations issued under Internal Revenue Code section 409A.

Amendment No. 1 to Senior Executive Severance Agreement. (February 25th, 2009)

The Ryland Group, Inc. (the Company) and (the Executive) wish to amend the Severance Agreement originally dated as of to comply with the final Regulations issued under Internal Revenue Code section 409A.

S.Y. Bancorp, Inc. – Amendment No. 1 to Stock Yards Bank & Trust Company 2005 Restated Senior Executive Severance Agreement (December 19th, 2008)

THIS AMENDMENT NO. 1 ("Amendment") to the 2005 Restated Senior Executive Severance Agreement (the "Agreement") between Stock Yards Bank & Trust Company (the "Bank") and _________________ (the "Executive") is adopted effective January 1, 2009.

First Amendment to Senior Executive Severance Agreement (November 9th, 2007)

First Amendment (Amendment) made as of the 1st day of November, 2007 to the Senior Executive Severance Agreement (Severance Agreement) dated as of July 30, 1998, by and among Boston Properties, Inc., a Delaware corporation with its principal executive office in Boston, Massachusetts (the Company), Boston Properties Limited Partnership, a Delaware limited partnership with its principal place of business in Boston, Massachusetts (BPLP) (the Company and BPLP shall be hereinafter collectively referred to as the Employers), and Edward H. Linde of Weston, Massachusetts (the Executive).

First Amendment to Senior Executive Severance Agreement (November 9th, 2007)

First Amendment (Amendment) made as of the 1st day of November, 2007 to the Senior Executive Severance Agreement (Severance Agreement) dated as of July 30, 1998, by and among Boston Properties, Inc., a Delaware corporation with its principal executive office in Boston, Massachusetts (the Company), Boston Properties Limited Partnership, a Delaware limited partnership with its principal place of business in Boston, Massachusetts (BPLP) (the Company and BPLP shall be hereinafter collectively referred to as the Employers), and Mortimer B. Zuckerman of New York, New York (the Executive).

Senior Executive Severance Agreement (February 28th, 2007)

The purpose of this Agreement is to ensure that the Corporation will receive the continued dedication, loyalty, and service of, and the availability of objective advice and counsel from, the Executive notwithstanding the possibility, threat or occurrence of a bid or other action to take over control of the Corporation.

Chittenden Corporation – CHITTENDEN CORPORATION Senior Executive Severance Agreement (February 26th, 2007)

AGREEMENT made as of this 15th day of November, 2006 by and among Chittenden Corporation, a Vermont corporation with its principal place of business in Burlington, Vermont (the Company and the Employer), and Paul A. Perrault (the Executive), an individual presently employed as the Chief Executive Officer of the Company.

Chittenden Corporation – CHITTENDEN CORPORATION Senior Executive Severance Agreement (February 26th, 2007)

AGREEMENT made as of this 15th day of November, 2006 by and among Chittenden Corporation, a Vermont corporation with its principal place of business in Burlington, Vermont (the Company and the Employer), and (the Executive), an individual presently employed as the of the Company.

Chittenden Corporation – CHITTENDEN CORPORATION Senior Executive Severance Agreement (November 21st, 2006)

AGREEMENT made as of this day of , 2006 by and among Chittenden Corporation, a Vermont corporation with its principal place of business in Burlington, Vermont (the Company and the Employer), and (the Executive), an individual presently employed as the of the Company.

Chittenden Corporation – CHITTENDEN CORPORATION Senior Executive Severance Agreement (February 17th, 2006)

AGREEMENT made as of this 18th day of March, 1998 by and among Chittenden Corporation, a Vermont corporation with its principal place of business in Burlington, Vermont (the Company and the Employer), and Danny H. OBrien of Charlotte, Vermont (the Executive), an individual presently employed as the Executive Vice President of the Company.

S.Y. Bancorp, Inc. – 2005 R Estated Senior Executive Severance Agreement (April 22nd, 2005)
Gables Residential Trust – April 2005 Amendment to Senior Executive Severance Agreement (April 22nd, 2005)

WHEREAS, Gables Residential Trust (the Company) and David Fitch (the Executive) are parties to a Senior Executive Severance Agreement dated as of August 8, 2002 (the Severance Agreement);

Gables Residential Trust – GABLES RESIDENTIAL TRUST Form of Senior Executive Severance Agreement (April 22nd, 2005)

AGREEMENT made as of this 19th day of April, 2005 by and among Gables Residential Trust, a Maryland business trust with its principal place of business in Atlanta, Georgia (the Company), and (the Executive), an individual presently employed as the of the Company.

Gables Residential Trust – Form of April 2005 Amendment to Senior Executive Severance Agreement (April 22nd, 2005)

WHEREAS, Gables Residential Trust (the Company) and (the Executive) are parties to a Senior Executive Severance Agreement dated as of (the Severance Agreement);

S.Y. Bancorp, Inc. – 2005 R Estated Senior Executive Severance Agreement (April 22nd, 2005)
S.Y. Bancorp, Inc. – 2005 R Estated Senior Executive Severance Agreement (April 22nd, 2005)
Gables Residential Trust – GABLES RESIDENTIAL TRUST Senior Executive Severance Agreement (March 18th, 2005)

AGREEMENT made as of this 30th day of March, 2001 by and among Gables Residential Trust, a Maryland business trust with its principal place of business in Atlanta, Georgia (the "Company"), and Dawn H. Severt (the "Executive"), an individual presently employed as the Senior Vice President and Chief Accounting Officer of the Company, as amended with respect to Section 4(a) effective as of the 13th day of January, 2005.

Chittenden Corporation – CHITTENDEN CORPORATION Senior Executive Severance Agreement (February 22nd, 2005)

AGREEMENT made as of this 18th day of March, 1998 by and among Chittenden Corporation, a Vermont corporation with its principal place of business in Burlington, Vermont (the Company and the Employer), and John P. Barnes of Charlotte, Vermont (the Executive), an individual presently employed as the Executive Vice President of the Company.

Chittenden Corporation – CHITTENDEN CORPORATION Senior Executive Severance Agreement (February 22nd, 2005)

AGREEMENT made as of this 18th day of March, 1998 by and among Chittenden Corporation, a Vermont corporation with its principal place of business in Burlington, Vermont (the Company and the Employer), and Kirk W. Walters of Shelburne, Vermont (the Executive), an individual presently employed as the Executive Vice President of the Company.

Chittenden Corporation – CHITTENDEN CORPORATION Senior Executive Severance Agreement (February 22nd, 2005)

AGREEMENT made as of this 18th day of March, 1998 by and among Chittenden Corporation, a Vermont corporation with its principal place of business in Burlington, Vermont (the Company and the Employer), and F. Sheldon Prentice of Montpelier, Vermont (the Executive), an individual presently employed as the Senior Vice President and General Counsel of the Company.

Chittenden Corporation – CHITTENDEN CORPORATION Senior Executive Severance Agreement (February 22nd, 2005)

AGREEMENT made as of this 18th day of March, 1998 by and among Chittenden Corporation, a Vermont corporation with its principal place of business in Burlington, Vermont (the Company and the Employer), and John W. Kelly of Shelburne, Vermont (the Executive), an individual presently employed as the Executive Vice President of the Company.

Gables Residential Trust – Senior Executive Severance Agreement (November 14th, 2002)
Gables Residential Trust – Senior Executive Severance Agreement (March 27th, 2002)

AGREEMENT made as of this 24th day of January, 2002 (the "Effective Date") by and among Gables Residential Trust, a Maryland business trust with its principal place of business in Atlanta, Georgia (the "Company"), and Douglas G. Chesnut, Senior Vice President of Investments (the "Executive").

Gables Realty Limited Partnership – GABLES RESIDENTIAL TRUST Senior Executive Severance Agreement (May 15th, 2001)

AGREEMENT made as of this [INSERT DAY] day of [INSERT MONTH], 2001 by and among Gables Residential Trust, a Maryland business trust with its principal place of business in Atlanta, Georgia (the "Company"), and [INSERT NAME] (the "Executive"), an individual presently employed as the [INSERT TITLE] of the Company.

Gables Realty Limited Partnership – GABLES RESIDENTIAL TRUST Senior Executive Severance Agreement (May 15th, 2001)

AGREEMENT made as of this 30th day of March, 2001 by and among Gables Residential Trust, a Maryland business trust with its principal place of business in Atlanta, Georgia (the "Company"), and Dawn H. Severt (the "Executive"), an individual presently employed as the Vice President and Chief Accounting Officer of the Company.

Gables Residential Trust – GABLES RESIDENTIAL TRUST Senior Executive Severance Agreement (May 15th, 2001)

AGREEMENT made as of this 30th day of March, 2001 by and among Gables Residential Trust, a Maryland business trust with its principal place of business in Atlanta, Georgia (the "Company"), and Dawn H. Severt (the "Executive"), an individual presently employed as the Vice President and Chief Accounting Officer of the Company.

Gables Residential Trust – GABLES RESIDENTIAL TRUST Senior Executive Severance Agreement (May 15th, 2001)

AGREEMENT made as of this [INSERT DAY] day of [INSERT MONTH], 2001 by and among Gables Residential Trust, a Maryland business trust with its principal place of business in Atlanta, Georgia (the "Company"), and [INSERT NAME] (the "Executive"), an individual presently employed as the [INSERT TITLE] of the Company.

Bpp Liquidating Trust – Senior Executive Severance Agreement (August 9th, 1999)
Bpp Liquidating Trust – Senior Executive Severance Agreement (August 9th, 1999)
Bpp Liquidating Trust – Senior Executive Severance Agreement (August 9th, 1999)