Severance Agreement Sample Contracts

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.

Veoneer, Inc. – SEVERANCE AGREEMENT THIS AGREEMENT, Is Made by and Between (May 21st, 2018)
Transaction Severance Agreement (May 18th, 2018)

This TRANSACTION SEVERANCE AGREEMENT (this "Agreement"), dated as of _________, is by and between TheStreet, Inc., a Delaware corporation (the "Company" or "TheStreet"), and _________ ("Participant") and together with the Company, each a "Party" and collectively the "Parties"). This Agreement is effective as of _________, 2018 (the "Effective Date").

Non-Competition and Severance Agreement (May 8th, 2018)

This Amended and Restated Non-Competition and Severance Agreement (this "Agreement"), dated September 30, 2015, (the "Effective Date") is by and between Crysteel Manufacturing, Inc. ("Crysteel") and Robert Fines ("Executive"), together, the "Parties" to the Agreement.

International Seaways, Inc. – Form of Enhanced Severance Agreement [OSG Letterhead] (May 7th, 2018)

Overseas Shipholding Group, Inc. (the "Company") has agreed to provide you, the undersigned employee, enhanced severance pursuant to the Overseas Shipholding Group, Inc. Severance Plan effective April 1, 2013 (the "Plan). All capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Plan.

Severance Agreement (May 4th, 2018)

THIS SEVERANCE AGREEMENT (the "Agreement") is made this 19th day of March, 2018, by DiamondRock Hospitality Company, a Maryland corporation (the "REIT"), with its principal place of business at 2 Bethesda Metro Center, Suite 1400, Bethesda, Maryland 20814 and Jay L. Johnson, residing at 7017 West Greenvale Parkway, Chevy Chase, MD 20815 (the "Executive"). This Agreement is effective as of March 19th, 2018, the first day of employment of the Executive.

Severance Agreement (May 3rd, 2018)

THIS SEVERANCE AGREEMENT (this "Agreement") is made this 1st day of May, 2018 (the "Effective Date") by and between YRC WORLDWIDE INC., a Delaware corporation (the "Company"), and Darren D. Hawkins (the "Executive").

Sonus Networks, Inc. – Severance Agreement (April 26th, 2018)

THIS SEVERANCE AGREEMENT (the Agreement) is entered into as of 4/19, 2018 (the Effective Date) between Ribbon Communications Inc. (Ribbon), Sonus Networks, Inc. d/b/a Ribbon Communications Operating Company, a wholly owned subsidiary of Ribbon Communications Inc. (RCOC and, together with Ribbon, the Company) and Franklin W. Hobbs (the Executive).

Aeglea BioTherapeutics, Inc. – Severance Agreement (April 16th, 2018)

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

Severance Agreement (April 10th, 2018)

This Severance Agreement (the "Agreement") is made as of March 29, 2016 (the "Effective Date") by and between Layne Christensen Company, a Delaware corporation ("Company"), and Kevin Maher ("Employee").

Prudential Bancorp, Inc. – Prudential Bank Severance Agreement (March 30th, 2018)

This Severance Agreement (the "Agreement") dated as of March 26, 2018 is between Prudential Bank, a Pennsylvania-chartered, stock-form savings bank (the "Bank" or the "Employer"), and Kevin Gallagher (the "Executive").

Management Network Group, Inc. (The) – Confidential Severance Agreement and Full and General Release (March 30th, 2018)

The purpose of this Confidential Severance Agreement and Full and General Release ("Agreement") is to set forth the terms and conditions of your separation from employment with Cartesian, Inc. (the "Company"). Unless otherwise defined herein, all capitalized terms used herein shall have the meaning ascribed to them in the Employment Agreement between the Company and John C. Ferrara ("Employee" or "You"), dated September 29, 2015 ("Original Employment Agreement"), as amended by Amendment No. 1 thereto, dated September 28, 2016 (the "First Amendment") and Amendment No. 2 thereto, dated November 14, 2017 (the "Second Amendment"). The Original Employment Agreement, as amended by the First Amendment and the Second Amendment, is referred to herein as the "Employment Agreement."

Severance Agreement (March 16th, 2018)

This SEVERANCE AGREEMENT (Agreement) is entered into between Citi Trends, Inc., a Delaware corporation, including its subsidiaries, affiliates, divisions, successors, and related entities (the Company), and Stuart Clifford, an individual (the Executive), effective as of the date signed by Executive below.

Severance Agreement (March 12th, 2018)

This Severance Agreement and Release of All Claims ("Agreement") is made as a compromise between Peregrine Pharmaceuticals, Inc. ("the Company") and Steven W. King ("Employee") in the complete, final, and binding settlement of all claims and potential claims, if any, with respect to their employment relationship.

Nationstar Mortgage Holdngs I – Severance Agreement (March 2nd, 2018)

This Severance Pay Agreement ("Agreement") is made and entered into as of February 12, 2018, by and between Nationstar Mortgage Holdings Inc., a Delaware corporation (the "Company"), with its principal place of business located at 8950 Cypress Waters Blvd., Coppell, TX 75019 and Anthony Ebers, an individual (hereinafter called the "Executive"), whose principal residence is located at 1732 Byron Nelson Parkway, Southlake, Texas 76092.

Tabula Rasa HealthCare, Inc. – Change-In-Control and Severance Agreement (March 2nd, 2018)

THIS CHANGE-IN-CONTROL AND SEVERANCE AGREEMENT (this Agreement) is entered into on January 1, 2018, (the Effective Date) by and between Tabula Rasa HealthCare, Inc., a Delaware corporation (the Company) and Orsula V. Knowlton (the Executive), collectively referred to herein as the Parties.

Tabula Rasa HealthCare, Inc. – Change-In-Control and Severance Agreement (March 2nd, 2018)

THIS CHANGE-IN-CONTROL AND SEVERANCE AGREEMENT (this Agreement) is entered into on January 1, 2018, (the Effective Date) by and between Tabula Rasa HealthCare, Inc., a Delaware corporation (the Company) and Calvin H. Knowlton (the Executive), collectively referred to herein as the Parties.

Nationstar Mortgage Holdngs I – Severance Agreement (March 2nd, 2018)

This Severance Pay Agreement ("Agreement") is made and entered into as of February 12, 2018, by and between Nationstar Mortgage Holdings Inc., a Delaware corporation (the "Company"), with its principal place of business located at 8950 Cypress Waters Blvd., Coppell, TX 75019 and Amar Patel, an individual (hereinafter called the "Executive"), whose principal residence is located at 9222 Moss Haven Drive, Dallas, Texas 75231.

Tabula Rasa HealthCare, Inc. – Change-In-Control and Severance Agreement (March 2nd, 2018)

THIS CHANGE-IN-CONTROL AND SEVERANCE AGREEMENT (this Agreement) is entered into on January 1, 2018, (the Effective Date) by and between Tabula Rasa HealthCare, Inc., a Delaware corporation (the Company) and Brian W. Adams (the Executive), collectively referred to herein as the Parties.