Separation Agreement Sample Contracts

Separation and Release Agreement

A Separation and Release Agreement is a contract through which a company agrees to release an employee from performance under an employment agreement before the end of the agreement's termSeparation and Release Agreements define the severance provisions, if any, including compensation, benefits, and confidentiality requirements.

Manitowoc Foodservice, Inc. – Separation Agreement (August 14th, 2018)

This Separation Agreement ("Agreement"), is entered into as of August 9, 2018, between Welbilt, Inc. ("Company"), a Delaware corporation, and Hubertus Muehlhaeuser ("Executive") (collectively referred to as "Parties").

Separation Agreement (August 8th, 2018)

This SEPARATION AGREEMENT (this "Agreement") is entered into by and between Paul Voigt (the "Executive") and HC2 Holdings, Inc., a Delaware corporation (the "Company") on May 9, 2018 (the "Execution Date").

Frank's International N.V. – Separation Agreement (August 8th, 2018)

This SEPARATION AGREEMENT (this "Agreement") is entered into by and among Alejandro Cestero ("Executive"), Frank's International, LLC (the "Company"), and Frank's International N.V. ("FINV") (the Company and FINV, collectively, with all of FINV's subsidiaries and affiliated companies and entities, the "FINV Entities"). The Company, FINV, and Executive are referred to herein individually as a "Party" and collectively as the "Parties."

Horizon Global Corp – Separation Agreement (August 7th, 2018)

This Separation Agreement (this "Separation Agreement") between Horizon Global Corporation (the "Company") and A. Mark Zeffiro ("you" and similar words) sets forth certain terms of your separation from the Company and its affiliates, including certain waivers and releases by you required under the Company's Executive Severance/Change of Control Policy (the "Severance Policy") or otherwise in order to receive certain separation payments and benefits, as set forth in detail below.

Prothena Corporation Plc – Separation Agreement (August 7th, 2018)

This Separation Agreement (this "Agreement") by and between Tara Nickerson ("Executive") and Prothena Biosciences Inc, a Delaware corporation (the "Company") is made effective as of the date that the Company and Executive sign this Agreement (the "Effective Date"), with reference to the following facts:

Separation Agreement (August 7th, 2018)

This Separation Agreement ("Agreement") is made and entered into effective as of May 31, 2018 (the "Effective Date") between The Mosaic Company ("Company"), a Delaware corporation having its principal place of business in the State of Minnesota, and Richard L. Mack ("Employee"), an individual resident of the State of Minnesota.

Separation Agreement (August 3rd, 2018)

THIS SEPARATION AGREEMENT (this "Agreement") is entered into as of July 31, 2018, by and between Kenneth Borick (the "Executive") and The St. Joe Company, a Florida corporation (the "Company").

Jonathan Chou Re:Separation Agreement (August 2nd, 2018)

This Confidential Separation Agreement and General Release of All Claims ("Agreement") is made by and between Nanometrics Incorporated (the "Company") and Jonathan Chou ("you" or "your") (individually, a "Party" and collectively, the "Parties") with respect to the following facts:

Re: Separation Agreement Dear Tom: (August 1st, 2018)

This Separation Agreement constitutes notice, including, but not limited to notice under Section 10(d) of your Executive Employment Agreement dated December 23, 2014, as amended on May 27, 2015 and January 8, 2018 ("Employment Agreement"), that your employment with Flex Pharma Inc. (along with its affiliates, the "Company") will terminate on June 26, 2018. This Separation Agreement sets forth the understanding between you and the Company relating to the termination of your employment with the Company effective on June 26, 2018. We hope to make the transition as smooth as possible.

Separation Agreement (July 26th, 2018)

This Separation Agreement (this "Agreement") is made by and between Corning F. Painter (the "Executive") and Air Products and Chemicals, Inc. (the "Company").

Separation Agreement (July 26th, 2018)

THIS SEPARATION AGREEMENT (this Separation Agreement) is entered into by and between Abercrombie & Fitch Management Co., a Delaware corporation (the Company), and Robert Bostrom (the Executive) on the execution date by Executive below.

Warrior Met Coal, Llc – Separation Agreement, General Release, and Waiver (July 9th, 2018)

THIS SEPARATION AGREEMENT, GENERAL RELEASE, AND WAIVER (this "Agreement") is entered into by and between Warrior Met Coal, Inc., a Delaware corporation ("Warrior Met Coal"), on behalf of and including itself and its subsidiaries, affiliates, successors, assigns, directors, officers, and employees (collectively referred to herein as "Warrior Met Coal"), and Michael Madden (the "Employee"), as of June 30, 2018.

Separation Agreement (July 3rd, 2018)

This Separation Agreement (this "Separation Agreement") by and among Volt Information Sciences, Inc. (the "Company"), and Michael D. Dean ("Executive") is entered into as of June 29, 2018.

iHookup Social, Inc. – Spinoff Separation Agreement (July 2nd, 2018)

This SPINOFF SEPARATION AGREEMENT (this "Agreement"), is dated as of June 27, 2018, by and between Friendable, Inc., a Nevada corporation ("Parent"), Fan Pass, Inc. ("Fan Pass"), a Nevada corporation and wholly owned Subsidiary of Parent, and Sharps Technology, Inc. ("Sharps"), a Wyoming corporation. Parent, Fan Pass and Sharps will individually be referred to as a "Party" and collectively as the "Parties."

Isoray – Separation Agreement (June 29th, 2018)

This Separation Agreement ("Agreement") is made in the State of Arizona by and between Thomas C. LaVoy ("Executive") and IsoRay, Inc. a Minnesota corporation (the "Company").

SEPARATION Agreement (June 27th, 2018)

This Separation Agreement ("Agreement") is between Patterson Companies, Inc., on behalf of itself, its affiliated and related entities, and any of their respective direct or indirect subsidiaries (collectively referred to herein as the "Company" or "Patterson"), and Ann B. Gugino (referred to herein as "Employee") (Patterson and Employee are collectively referred to herein as "Parties"). This Agreement is effective fifteen (15) days from the date on which it is signed by all Parties hereto ("Effective Date").

TopBuild Corp – Separation Agreement (June 21st, 2018)

The parties to this Separation Agreement (this "Agreement"), Paul Joachimczyk ("Employee") and TopBuild Support Services, Inc., its affiliates, parents, successors, predecessors, and subsidiaries (collectively, the "Company") agree that:

Keryx Biopharmaceuticals, Inc. – Separation Agreement (June 15th, 2018)

This Separation Agreement (this Agreement) is made and entered into by and between Keryx Biopharmaceuticals, Inc. (Company) and Gregory P. Madison (Executive).

Separation Agreement by and Among Big Lots, Inc., Big Lots Stores, Inc. And David J. Campisi (June 13th, 2018)

This Separation Agreement (this "Agreement"), by and among Big Lots, Inc. ("BLI"), Big Lots Stores, Inc. ("Big Lots") and their affiliates, predecessors, successors, subsidiaries and other related companies (collectively, the "Company") and David J. Campisi (the "Executive"), collectively, the "Parties," is effective as of April [16], 2018 (the "Employment Termination Date").

Axovant Sciences Ltd. – Re: Separation Agreement (June 11th, 2018)

This letter sets forth the terms of the separation agreement (the "Agreement") between you and Axovant Sciences, Inc. (the "Company").

Axovant Sciences Ltd. – Re: Separation Agreement (June 11th, 2018)

This letter sets forth the terms of the separation agreement (the "Agreement") between you and Axovant Sciences, Inc. ("the Company").

Amendment No. 1 to Separation Agreement (June 4th, 2018)

THIS AMENDMENT NO. 1 (this Amendment) is made as of this 29th day of May, 2018 (the Effective Date) and amends that certain Separation and Release Agreement, by and between Thomas Conforti (Executive) and Wyndham Worldwide Corporation, a Delaware corporation (the Company), dated effective as of the 28th day of July, 2018 (the Agreement). Capitalized terms used and not otherwise defined herein shall have the meanings assigned to them in the Agreement.

Separation Agreement (June 4th, 2018)

This Separation Agreement (this Agreement) is made and entered into as of May 29, 2018, by and between Erin Gonzalez (Executive) and Global Power Equipment Group Inc. (the Company). The Company and Executive are sometimes collectively referred to herein as the Parties and individually as a Party.

Ocwen – Separation Agreement and Full Release (May 29th, 2018)

This Agreement and Full Release (the "Agreement"), dated as of May 29, 2018 is by and between Michael R. Bourque, Jr., (the "Individual") and Ocwen Financial Corporation and Ocwen Mortgage Servicing, Inc., including without limitation their parents, subsidiaries and affiliates (hereafter "Ocwen" or the "Company"). In consideration of the mutual covenants and agreements contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

Separation Agreement With Randy R. Wiese (May 21st, 2018)

THIS SEPARATION AGREEMENT (the "Agreement") is made and entered into on May 17, 2018, by and among CSG SYSTEMS INTERNATIONAL, INC. ("CSGS"), a Delaware corporation, CSG SYSTEMS, INC. ("Systems"), a Delaware corporation, and RANDY R. WIESE (the "Executive"). CSGS and Systems collectively are referred to in this Agreement as the "Company."

PRG-Schultz International Inc. – Separation Agreement (May 18th, 2018)

THIS SEPARATION AGREEMENT (this Agreement) is made and entered into this 16th day of May, 2018 by and between PETER LIMERI (Executive) and PRGX GLOBAL, INC., a Georgia corporation (Company). Executive and Company are sometimes hereinafter referred to together as the Parties and individually as a Party.

Ekso Bionics Holdings, Inc. – Separation Agreement and Full Release of All Claims (May 15th, 2018)

Whereas, Gregory Davault ("Employee") has been employed by Ekso Bionics, Inc., a wholly owned subsidiary of Ekso Bionics Holding, Inc., a Nevada corporation ("EBHI"), and served as an officer of EBHI.

Re: Separation Agreement (May 11th, 2018)

Thank you for your service to Quotient Limited (the Company). This letter, when fully executed, will constitute the separation agreement (Separation Agreement or Agreement) between you and the Company concerning the terms of your separation from employment with the Company.

Eagle Pharmaceuticals, Inc. – Re: Separation Agreement Dear Steven, (May 10th, 2018)

This letter sets forth the substance of the separation agreement (the "Agreement") which Eagle Pharmaceuticals, Inc. (the "Company") is offering to you to aid in your employment transition.

Separation Agreement (May 9th, 2018)

This Separation Agreement (this "Agreement") is entered into by and among Tyler Best ("Executive"), Hertz Global Holdings, Inc. ("Holdings") and The Hertz Corporation (together with their subsidiaries and divisions, "Hertz," the "Company" or the "Companies"), on May 6, 2018. Reference is made to the Hertz Global Holdings, Inc. Severance Plan for Senior Executives, as amended (the "Severance Plan"), and all capitalized terms used in this Agreement and not otherwise defined herein are as defined in the Severance Plan.

Separation Agreement (May 7th, 2018)

This Separation Agreement (this "Agreement") is entered into by and among Alexandria Marren ("Executive"), Hertz Global Holdings, Inc. ("Holdings") and The Hertz Corporation (together with their subsidiaries and divisions, "Hertz," the "Company" or the "Companies"), on October 31, 2017. Reference is made to the Hertz Global Holdings, Inc. Severance Plan for Senior Executives, as amended (the "Severance Plan"), and all capitalized terms used in this Agreement and not otherwise defined herein are as defined in the Severance Plan.

Separation Agreement (May 4th, 2018)

WHEREAS, Executive's active employment with Company will cease effective January 2, 2018, but Executive will remain employed by Company until April 2, 2018;

RE/MAX Holdings, Inc. – Separation Agreement, Waiver and Release You Are Advised to Consult With an Attorney Prior to Executing This Agreement (May 4th, 2018)

This Separation Agreement, Waiver and Release (the "Agreement"), dated as of the date this Agreement is first signed by Executive (the "Effective Date") is a contract between Geoffrey Lewis ("Executive") and RE/MAX, LLC (the "Company" or "RE/MAX" and, together with Executive, the "Parties").

Sally Beauty Holdings – Separation Agreement (May 3rd, 2018)

This Separation Agreement ("Agreement") is entered into by and between Donald T. Grimes ("Employee") and Sally Beauty Supply LLC ("Employer").

Baltimore Gas & Electric Co – Separation Agreement (May 2nd, 2018)

THIS SEPARATION AGREEMENT (this "Agreement") is entered into as of ________________, 20__ between Exelon Corporation ("Exelon"), _______________________ ("Subsidiary", and, collectively with Exelon, the "Company") and __________________ (the "Executive").