Severance Agreement Sample Contracts

Amendment No. 1 to Acuity Brands, Inc Severance Agreement (January 9th, 2019)

THIS AMENDMENT made and entered into as of the 4th day of January, 2019, by and between ACUITY BRANDS, INC. (the "Company") and LAURENT J. VERNEREY ("Executive");

Restrictive Covenants and Severance Agreement (January 7th, 2019)

THIS AGREEMENT is made by and between Gibraltar Industries, Inc., a Delaware corporation, with offices at 3556 Lake Shore Road, Buffalo, New York 14219 (the "Company"), and William T. Bosway (the "Executive") on this 17th day of December, 2018 and is effective as of January 2, 2019.

Cortland Bank – Amended Severance Agreement (December 28th, 2018)
Cortland Bank – Amended Severance Agreement (December 28th, 2018)
Executive Change-In-Control Severance Agreement (November 21st, 2018)

THIS EXECUTIVE CHANGE-IN-CONTROL SEVERANCE AGREEMENT (the "Agreement") is made and entered into as of July 18, 2018, and is effective as of the Commencement Date set forth in the Employment Agreement (hereinafter defined) (the "Effective Date"), by and between Mueller Water Products, Inc. (the "Company"), a Delaware corporation, and Steven S. Heinrichs ("Executive").

Cempra Inc. – RE: Severance Agreement (November 7th, 2018)

Effective as of your commencement of employment with Melinta Therapeutics, Inc. (the "Company"), you will be a key member of the senior management team of the Company. As a result, the Company is providing you with the following benefits in consideration of your employment with the Company.

Aileron Therapeutics Inc – Severance Agreement (November 7th, 2018)

This SEVERANCE AGREEMENT (this "Agreement") is made and entered into as of September 6, 2018 by and between Manuel C. Alves Aivado, M.D., Ph.D. ("Executive") and Aileron Therapeutics, Inc. (the "Company").

Southern National Bancorp of Virginia, Inc. – Change-In-Control Severance Agreement (October 31st, 2018)

This CHANGE-IN-CONTROL SEVERANCE AGREEMENT (this "Agreement") is made and entered into this 29th day of October, 2018 by and by and between (i) Southern National Bancorp of Virginia, Inc. (the "Company") and Sonabank (the "Bank") (collectively, the Company and the Bank shall be referred to as the "Employer"), and Jeffrey L. Karafa ("Employee"), to be effective as of October 29, 2018 (the "Effective Date").

Acuity Brands, Inc. Severance Agreement (October 25th, 2018)

THIS SEVERANCE AGREEMENT (the "Agreement") is made and entered into as of January 5, 2018, by and between ACUITY BRANDS, INC., a Delaware corporation (the "Company"), and LAURENT J. VERNEREY (the "Executive").

Unitil Corporation Severance Agreement (October 25th, 2018)
Axalta Coating Systems Ltd. – Amendment to Second Amended and Restated Executive Restrictive Covenant and Severance Agreement (October 25th, 2018)

THIS AMENDMENT ("Amendment") is made effective as of July 25, 2018 (the "Effective Date") by and among Axalta Coating Systems Ltd., a Bermuda exempted limited liability company (the "Company" and as the context requires the Company shall include the Company's subsidiaries), Axalta Coating Systems, LLC, a Delaware limited liability company, and Charles W. Shaver ("Executive") (collectively, the "Parties").

Hexcel – Amendment to the Officer Severance Agreement (October 22nd, 2018)

This Amendment to the SEVERANCE AGREEMENT of October 2, 2017 ("Amendment") between HEXCEL CORPORATION, a Delaware corporation with its principal place of business in Stamford, Connecticut (the "Company"), and Patrick Winterlich (the "Officer"), is effective as of June 1, 2018.

Hexcel – Amendment to the Officer Severance Agreement (October 22nd, 2018)

This Amendment to the SEVERANCE AGREEMENT of October 2, 2017 ("Amendment") between HEXCEL CORPORATION, a Delaware corporation with its principal place of business in Stamford, Connecticut (the "Company"), and Gail E. Lehman (the "Officer"), is effective as of June 1, 2018.

Communications Sales & Leasing, Inc. – Severance Agreement (September 14th, 2018)

This Severance Agreement (the "Agreement"), dated as of September 10, 2018 (the "Effective Date"), is made by and between Uniti Group Inc., a Maryland corporation (the "Corporation"), and Daniel L. Heard ("Executive").

Communications Sales & Leasing, Inc. – Severance Agreement (September 14th, 2018)

This Severance Agreement (the "Agreement"), dated as of September 10, 2018 (the "Effective Date"), is made by and between Uniti Group Inc., a Maryland corporation (the "Corporation"), and Mark A. Wallace ("Executive").

Severance Agreement (August 24th, 2018)

This Agreement dated as of August 17, 2018 is by and between Chase Corporation, a Massachusetts corporation (the "Company"), and Chief Accounting Officer, (CAO), (the "Executive").

Severance Agreement (August 22nd, 2018)

This SEVERANCE AGREEMENT (this "Agreement"), dated as of 17 August 2018 by and among Trinity Capital Corporation, a New Mexico corporation, Los Alamos National bank, a national banking association with its main office located in Los Alamos, New Mexico (collectively, the "Bank"), and John S. Gulas (the "Executive").

Severance Agreement (August 21st, 2018)

This SEVERANCE AGREEMENT (the "Agreement") is made this 20th day of August, 2018, by and between I.D. Systems, Inc., a Delaware corporation (the "Company") and Chris Wolfe ("Executive").

SPAR Group, Inc. – Executive Officer Severance Agreement (August 20th, 2018)

This Executive Officer Severance Agreement (as modified, amended or restated from time to time in the manner provided herein, this "Agreement"), is dated as of September 5, 2017 (the "Effective Date"), and is by and between Christiaan M. Olivier, an individual (the "Employee"), and SPAR Group, Inc., a Delaware corporation ("SGRP" or the "Company"). The Employee and Company may be referred to individually as a "Party" and collectively as the "Parties".

PQ Group Holdings Inc. – Severance Agreement (August 9th, 2018)
Executive Change in Control & General Severance Agreement (August 6th, 2018)

This Executive Change in Control & General Severance Agreement (this "Agreement"), is made as of the ___ day of ________, 20__ (the "Effective Date"), by and between Advanced Energy Industries, Inc., a Delaware corporation (the "Company"), and [NAME] (the "Executive").

Severance Agreement (July 31st, 2018)
Severance Agreement (July 31st, 2018)

THIS SEVERANCE AGREEMENT (the "Agreement") is made and entered into as of the 26th day of July, 2018, by and between Lumber Liquidators Holdings, Inc., a Delaware corporation (the "Company"), and Dennis Knowles (the "Employee").

Severance Agreement (July 31st, 2018)

THIS SEVERANCE AGREEMENT (the "Agreement") is made and entered into as of the 26th day of July, 2018, by and between Lumber Liquidators Holdings, Inc., a Delaware corporation (the "Company"), and Martin Agard (the "Employee").

Severance Agreement (July 31st, 2018)

THIS SEVERANCE AGREEMENT (the "Agreement") is made and entered into as of the 26th day of July, 2018, by and between Lumber Liquidators Holdings, Inc., a Delaware corporation (the "Company"), and Lee Reeves (the "Employee").

Unitil Corporation Severance Agreement (July 31st, 2018)
Severance Agreement (July 31st, 2018)
Hexcel – Amendment to the Officer Severance Agreement (July 23rd, 2018)

This Amendment to the SEVERANCE AGREEMENT of October 2, 2017 ("Amendment") between HEXCEL CORPORATION, a Delaware corporation with its principal place of business in Stamford, Connecticut (the "Company"), and Patrick Winterlich (the "Officer"), is effective as of June 1, 2018.

Hexcel – Amendment to the Officer Severance Agreement (July 23rd, 2018)

This Amendment to the SEVERANCE AGREEMENT of October 2, 2017 ("Amendment") between HEXCEL CORPORATION, a Delaware corporation with its principal place of business in Stamford, Connecticut (the "Company"), and Gail E. Lehman (the "Officer"), is effective as of June 1, 2018.

Aeglea BioTherapeutics, Inc. – Severance Agreement (July 23rd, 2018)

This Severance Agreement (the "Agreement") is entered into as of July 18, 2018 (the "Effective Date") by and between Anthony Quinn (the "Executive") and Aeglea BioTherapeutics, Inc., a Delaware corporation (the "Company").

Marvell Severance Agreement (June 29th, 2018)

This Severance Agreement (the Agreement) is made and entered into by and between Willem Meintjes (the Employee) and Marvell Semiconductor, Inc. (the Company), effective on the last date signed below.

Giga-Tronics Incorporated Severance Agreement (June 19th, 2018)

This Severance Agreement (the "Agreement") is made and entered into by and between TEMI ODUOZOR ("Employee") and Giga-tronics Incorporated, a California Corporation (the "Company"), effective as of August 27, 2016 (the "Effective Date"). This Agreement supersedes any existing Severance Agreement or other agreement providing similar benefits between Employee and the Company.

Severance Agreement (May 29th, 2018)

This SEVERANCE AGREEMENT by and between CRACKER BARREL OLD COUNTRY STORE, Inc., a Tennessee corporation (the "Company"), and ___________ ("Executive") is dated as of _________________ (the "Effective Date").

Veoneer, Inc. – Change-In-Control Severance Agreement (May 21st, 2018)

This Change-In-Control Severance Agreement (this Agreement), dated March 20, 2018, is made by and between Veoneer Inc., a Delaware corporation (the Company), and Lars Sjobring (the Executive). It is anticipated that, in connection with a restructuring of Autoliv, Inc., the Company shall be spun-off to the shareholders of Autoliv, Inc. and become a free-standing company (the Spin-Off). The effective date of this Agreement shall be the effective date of the Spin-off Transaction, or such other date to which the parties agree. If the Spin-Off for any reason is not finalized, this Agreement will not become effective.

Veoneer, Inc. – Change-In-Control Severance Agreement (May 21st, 2018)

This Change-In-Control Severance Agreement (this Agreement), dated March 21, 2018, is made by and between Veoneer, Inc., a Delaware corporation (the Company), and Johan Lofvenholm (the Executive). It is anticipated that, in connection with a restructuring of Autoliv, Inc., the Company shall be spun-off to the shareholders of Autoliv, Inc. and become a free-standing company (the Spin-Off). The effective date of this Agreement shall be the effective date of the Spin-off Transaction, or such other date to which the parties agree. If the Spin-Off for any reason is not finalized, this Agreement will not become effective.