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.

Gentherm – Separation Agreement (December 12th, 2018)
Separation Agreement (December 6th, 2018)

This Separation Agreement (this Agreement) by and between James Lillie (Employee) and OvaScience, Inc., a Delaware corporation (the Company), is effective eight (8) days after Employee and the Company signing this Agreement (the Effective Date), unless Employee rescinds his acceptance of this Agreement as provided in Section 5 below, with reference to the following facts:

Separation Agreement With Waiver and Release of Claims (November 27th, 2018)

This Separation Agreement with Waiver and Release of Claims ("Agreement") is made by and between Jose Luis Laparte ("Executive") and PriceSmart, Inc. (the "Company") (collectively referred to as the "Parties" or individually referred to as a "Party").

SB/RH Holdings, LLC – Separation Agreement (November 23rd, 2018)

This Agreement is between Spectrum Brands, Inc., Spectrum Brands Holdings, Inc. (which together are referred to in this Agreement as the "Company") and Stacey L. Neu (who in this Agreement is referred to as "Executive" or "I" or "me" as the context dictates). Collectively, the Company and Executive are referred to as the "Parties".

Separation Agreement (November 14th, 2018)

This Separation Agreement ("Agreement"), is made and entered into as of the Effective Date (as defined in Section 11 hereof), by and between Christopher T. Weber ("Employee") and Halliburton Company ("Employer" or Halliburton"), for and on behalf of itself, its subsidiaries, and its affiliated companies, (collectively, the "Halliburton Entities").

Fusion Telecommunications International, Inc. – Separation Agreement (November 13th, 2018)

THIS AGREEMENT (this "Agreement"), is made and entered into as of November 8, 2018 (the "Effective Date"), by and between Fusion LLC (formerly known as Network Billing Systems, LLC (the "Company") and Gordon Hutchins, Jr. ("Executive").

Biodel Inc. – Separation Agreement (November 8th, 2018)

This Separation Agreement (this "Agreement") is made and entered into as of October 4, 2018 (the "Execution Date") by and between Albireo Pharma, Inc. ("Company") and Thomas A Shea ("Executive").

Subject: Separation Agreement (November 7th, 2018)

The purpose of this memorandum ("Memorandum") is to formally advise you of a decision by Charles River Laboratories (the "Company") to terminate your employment without cause and due to a position elimination pursuant to the terms of the 2010 Charles River Corporate Officer Separation Plan (the "Plan"), a copy of which is attached for your reference. This Memorandum is delivered pursuant to Section 11.0 of the Plan, and provides you with formal written notice that, subject to your execution of the letter agreement dated August 1, 2018 (the "Letter Agreement") delivered in conjunction with this notification, your employment with the Company will terminate effective today, August 2, 2018 (the "Separation Date"). Should you become deceased before all benefits hereunder are paid and/or provided to you, all such payments and/or benefits shall be made to your estate.

Separation Agreement (October 31st, 2018)

This Separation Agreement (this "Agreement") is made by and among Jaime A. Irick ("You" or "Your") and Brunswick Corporation ("Brunswick" or the "Company"), as of the date set forth below in connection with the payments and benefits to be provided to You by the Company (as set forth on Schedule A attached hereto), and in association with the termination of Your employment with the Company on October 29, 2018.

Separation Agreement (October 26th, 2018)

This Separation Agreement ("Separation Agreement"), is made by and between Cerner Corporation (together with its subsidiaries and affiliates, "Cerner") and Zane M. Burke ("you" or "your") (together, the "parties").

AgeX Therapeutics, Inc. – Separation Agreement (October 22nd, 2018)

This Separation and Release Agreement ("Separation Agreement") is entered into by and between Alfred Kingsley ("Executive") and AgeX Therapeutics, Inc. (the "Company") and confirms the agreement that has been reached with Executive in connection with Executive's separation from the Company.

Separation Agreement (October 19th, 2018)

This Confidential Separation Agreement (Agreement) is made by and between Banc of California, National Association and Banc of California, Inc. (collectively the Company) and Jason Pendergist (Employee). In consideration for the execution of this Agreement, and the performance of the terms and conditions herein, Company and Employee (collectively the Parties) agree as follows:

Hd Supply Holdings Inc. – Separation Agreement & Release of Claims (October 2nd, 2018)

This is a Separation Agreement and Release of Claims (Agreement or Release) between HD Supply, Inc., HD Supply Holdings, Inc., their subsidiaries, affiliates, predecessors, and related entities (hereinafter collectively referred to as the Company) and William P. Stengel (the Employee).

PRG-Schultz International Inc. – Separation Agreement (October 2nd, 2018)
September 21, 2018 Gil D. Schwartz C/O CBS Corporation 51 W. 52nd Street New York, NY 10019 Dear Gil: This Letter (Separation Agreement) Is to Confirm the Terms of Your Separation From CBS Corporation (CBS), Effective November 1, 2018 (The Separation Date). (September 27th, 2018)
Separation Agreement (September 13th, 2018)
Separation Agreement (September 12th, 2018)
Separation Agreement (August 31st, 2018)

This Separation Agreement (this "Agreement") is entered into by and among Thomas C. Kennedy ("Executive"), Hertz Global Holdings, Inc. ("Holdings") and The Hertz Corporation (together with their subsidiaries and divisions, "Hertz," the "Company" or the "Companies"), on August 29, 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 (August 28th, 2018)

This Separation Agreement (Agreement) is entered into by and between TAILORED SHARED SERVICES, LLC (SSU), a wholly owned subsidiary of Tailored Brands, Inc. (TBI) (collectively, SSU and TBI shall be referred to as TAILORED BRANDS or the Company), and DOUGLAS S. EWERT (Ewert).

Separation Agreement & Release (August 22nd, 2018)

This Separation Agreement and Release (Agreement) is made by and between DAVID T. MITCHELL (Employee) and FABRINET, a Cayman Islands exempted company (the Company) (collectively referred to as the Parties or individually referred to as a Party).

Separation Agreement & Release (August 20th, 2018)
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."