Severance And Noncompetition Agreement Sample Contracts

Annaly Capital Management – Severance and Noncompetition Agreement (August 3rd, 2018)

THIS SEVERANCE AND NONCOMPETITION AGREEMENT ("Agreement"), dated as of August 1, 2018 (the "Effective Date"), is entered into by and between Kevin G. Keyes (the "Executive") and Annaly Capital Management, Inc., a Maryland corporation (the "Company"). In consideration of the mutual agreements hereinafter set forth, the Executive and the Company have agreed and do hereby agree as follows:

Spartech Corporation – Form of Amended and Restated Severance and Noncompetition Agreement (October 29th, 2012)

THIS AMENDED AND RESTATED SEVERANCE AND NONCOMPETITION AGREEMENT (this "Agreement") is made by and between SPARTECH CORPORATION, a Delaware corporation (together with its subsidiaries, the "Company") and ___________________("Employee") effective as of the ____ day of __________, 20 __ .

Spartech Corporation – Form of Amended and Restated Severance and Noncompetition Agreement (October 29th, 2012)

THIS AMENDED AND RESTATED SEVERANCE AND NONCOMPETITION AGREEMENT (this "Agreement") is made by and between SPARTECH CORPORATION, a Delaware corporation (together with its subsidiaries, the "Company") and ___________________("Employee") effective as of the ____ day of __________, 20 __ .

Quest Resource Holding Corp – Severance and Noncompetition Agreement (October 23rd, 2012)

SEVERANCE AND NONCOMPETITION AGREEMENT (Agreement), dated as of October 17, 2012, by and between Youchange, Inc., an Arizona corporation (Employer), and Daniel Fogel (Employee).

Quest Resource Holding Corp – Severance and Noncompetition Agreement (October 23rd, 2012)

SEVERANCE AND NONCOMPETITION AGREEMENT (Agreement), dated as of October 17, 2012, by and between Youchange, Inc., an Arizona corporation (Employer), and Derrick Mains (Employee).

Spartech Corporation – Severance and Noncompetition Agreement (December 21st, 2011)

THIS SEVERANCE AND NONCOMPETITION AGREEMENT (this "Agreement") is made by and between SPARTECH CORPORATION, a Delaware corporation (together with its subsidiaries, the "Company") and Randy C. Martin ("Employee") effective as of the 27th day of June, 2008.

Form of Amended and Restated Executive Severance and Noncompetition Agreement (November 2nd, 2011)

THIS AMENDED AND RESTATED SEVERANCE AND NONCOMPETITION AGREEMENT (the Agreement), dated as of , 20 , by and between HealthSpring, Inc., a Delaware corporation (collectively with its Subsidiaries, the Company), and (Employee) hereby amends and replaces in its entirety that certain Severance and Noncompetition Agreement, dated , 20 , (the Original Agreement), between the Company and Employee.

Spartech Corporation – Severance and Noncompetition Agreement (January 13th, 2011)

THIS SEVERANCE AND NONCOMPETITION AGREEMENT (this Agreement) is made by and between SPARTECH CORPORATION, a Delaware corporation (together with its subsidiaries, the Company) and (Employee) effective as of the day of December, 2008.

Spartech Corporation – Severance and Noncompetition Agreement (September 10th, 2010)

THIS SEVERANCE AND NONCOMPETITION AGREEMENT (this Agreement) is made by and between Spartech Corporation, a Delaware corporation (together with its subsidiaries, the Company) and Victoria M. Holt (Employee) effective as of the 8th day of September, 2010.

Form of Executive Severance and Noncompetition Agreement (December 14th, 2009)

THIS SEVERANCE AND NONCOMPETITION AGREEMENT (the Agreement), dated as of , is by and between HealthSpring, Inc., a Delaware corporation (collectively with its Subsidiaries, the Company), and (Employee).

Healthspring, Inc. Severance and Noncompetition Agreement (August 4th, 2009)

THIS SEVERANCE AND NONCOMPETITION AGREEMENT (the Agreement), dated as of July 30, 2009, is by and between HealthSpring, Inc., a Delaware corporation (the Company), and Karey L. Witty (Executive).

Healthspring, Inc. Severance and Noncompetition Agreement (August 4th, 2009)

THIS SEVERANCE AND NONCOMPETITION AGREEMENT (the Agreement), dated as of July 30, 2009, is by and between HealthSpring, Inc., a Delaware corporation (the Company), and Michael G. Mirt (Executive).

Executive Severance and Noncompetition Agreement (July 30th, 2009)

This Executive Severance and Noncompetition Agreement (this "Agreement") is dated May 15, 2008 by and between Merix Corporation (the "Company"), and Alfred Pang ("Executive").

Executive Severance and Noncompetition Agreement (July 30th, 2009)

Merix Corporation ("Merix") considers the establishment and maintenance of a sound and vital management to be essential to protecting and enhancing the best interests of Merix and its shareholders. In this connection, Merix recognizes that, as is the case with many publicly held corporations, the possibility of a change of control may exist and that such possibility, and the uncertainty and questions that it may raise among management, may result in the departure or distraction of management personnel to the detriment of Merix and its shareholders. In order to induce Steven N. Lach ("Executive") to remain employed by Merix in the face of uncertainties about the long-term strategies of Merix and possible change of control of Merix and their potential impact on Executive's position with Merix, this Agreement, which has been approved by the Board of Directors of Merix, sets forth the severance benefits that Merix will provide to Executive in the event Executive's employment by Merix is

Amendment #2 to Executive Severance and NonCompetition Agreement (July 30th, 2009)

The Executive Severance and NonCompetition Agreement dated April 11, 2007 and as amended December 31, 2008, between Merix Corporation ("Merix") and Linda V. Moore ("Executive")is amended to read as follows effective April 8, 2009:

National Mentor Holdings, Inc. – Amended and Restated Severance and Noncompetition Agreement (February 17th, 2009)

This SEVERANCE AND NONCOMPETITION AGREEMENT (Agreement), originally made as of June 29, 2006 by and between National Mentor Holdings, Inc., a Delaware corporation, (the Company), and [NAME] (Executive), is hereby amended and restated dated December 31, 2008 and effective January 1, 2009.

Spartech Corporation – Exhibit a Severance and Noncompetition Agreement (September 11th, 2008)

THIS SEVERANCE AND NONCOMPETITION AGREEMENT (this Agreement) is made by and between SPARTECH CORPORATION, a Delaware corporation (together with its subsidiaries, the Company) and (Employee) effective as of the ___ day of , 20___.

Executive Severance and Noncompetition Agreement (August 7th, 2008)

This Executive Severance and Noncompetition Agreement (this Agreement) is dated April 7, 2008 by and between Merix Corporation (the Company), and Allen Muhich (Executive).

Executive Severance and Noncompetition Agreement (August 14th, 2007)

Merix Corporation (Merix) considers the establishment and maintenance of a sound and vital management to be essential to protecting and enhancing the best interests of Merix and its shareholders. In this connection, Merix recognizes that, as is the case with many publicly held corporations, the possibility of a change of control may exist and that such possibility, and the uncertainty and questions that it may raise among management, may result in the departure or distraction of management personnel to the detriment of Merix and its shareholders. In order to induce Linda V Moore (Executive) to remain employed by Merix in the face of uncertainties about the long-term strategies of Merix and possible change of control of Merix and their potential impact on Executives position with Merix, this Agreement, which has been approved by the Board of Directors of Merix, sets forth the severance benefits that Merix will provide to Executive in the event Executives employment by Merix is terminate

Executive Severance and Noncompetition Agreement (August 14th, 2007)

Merix Corporation (Merix) considers the establishment and maintenance of a sound and vital management to be essential to protecting and enhancing the best interests of Merix and its shareholders. In this connection, Merix recognizes that, as is the case with many publicly held corporations, the possibility of a change of control may exist and that such possibility, and the uncertainty and questions that it may raise among management, may result in the departure or distraction of management personnel to the detriment of Merix and its shareholders. In order to induce Michael D. Burger (Executive) to remain employed by Merix in the face of uncertainties about the long-term strategies of Merix and possible change of control of Merix and their potential impact on Executives position with Merix, this Agreement, which has been approved by the Board of Directors of Merix, sets forth the severance benefits that Merix will provide to Executive in the event Executives employment by Merix is termi

Executive Severance and Noncompetition Agreement (August 14th, 2007)

Merix Corporation (Merix) considers the establishment and maintenance of a sound and vital management to be essential to protecting and enhancing the best interests of Merix and its shareholders. In this connection, Merix recognizes that, as is the case with many publicly held corporations, the possibility of a change of control may exist and that such possibility, and the uncertainty and questions that it may raise among management, may result in the departure or distraction of management personnel to the detriment of Merix and its shareholders. In order to induce Chris Remy (Executive) to remain employed by Merix in the face of uncertainties about the long-term strategies of Merix and possible change of control of Merix and their potential impact on Executives position with Merix, this Agreement, which has been approved by the Board of Directors of Merix, sets forth the severance benefits that Merix will provide to Executive in the event Executives employment by Merix is terminated u

Cognizant Technology Solutions Corporation Severance and Noncompetition Agreement (July 24th, 2007)

In consideration of the employment of the undersigned (Employee), Cognizant Technology Solutions Corporation, including any of its affiliates or direct or indirect subsidiaries (collectively, the Company), and as a condition of continued Employment, Employee agrees as follows:

Rem Health Of Wisconsin, Inc. – Severance and Noncompetition Agreement (November 1st, 2006)

This SEVERANCE AND NONCOMPETITION AGREEMENT (Agreement), dated as of [DATE], is entered into by and between National Mentor Holdings, Inc., a Delaware corporation, (the Company), and [NAME] (Executive).

Executive Severance and Noncompetition Agreement (August 4th, 2006)

Merix Corporation (Merix) considers the establishment and maintenance of a sound and vital management to be essential to protecting and enhancing the best interests of Merix and its shareholders. In this connection, Merix recognizes that, as is the case with many publicly held corporations, the possibility of a change of control may exist and that such possibility, and the uncertainty and questions that it may raise among management, may result in the departure or distraction of management personnel to the detriment of Merix and its shareholders. In order to induce Kelly Lang (Executive) to remain employed by Merix in the face of uncertainties about the long-term strategies of Merix and possible change of control of Merix and their potential impact on Executives position with Merix, this Agreement, which has been approved by the Board of Directors of Merix, sets forth the severance benefits that Merix will provide to Executive in the event Executives employment by Merix is terminated u

Executive Severance and Noncompetition Agreement (October 11th, 2005)

Merix Corporation (Merix) considers the establishment and maintenance of a sound and vital management to be essential to protecting and enhancing the best interests of Merix and its shareholders. In this connection, Merix recognizes that, as is the case with many publicly held corporations, the possibility of a change of control may exist and that such possibility, and the uncertainty and questions that it may raise among management, may result in the departure or distraction of management personnel to the detriment of Merix and its shareholders. In order to induce Stephen Going (Executive) to remain employed by Merix in the face of uncertainties about the long-term strategies of Merix and possible change of control of Merix and their potential impact on Executives position with Merix, this Agreement, which has been approved by the Board of Directors of Merix, sets forth the severance benefits that Merix will provide to Executive in the event Executives employment by Merix is terminate

Advanced Lighting Tech Inc – Contract (August 2nd, 2005)

EXHIBIT 10.4 SEVERANCE AND NONCOMPETITION AGREEMENT THIS SEVERANCE AND NONCOMPETTION AGREEMENT is entered into and effective as of July 27, 2005, among, ADVANCED LIGHTING TECHNOLOGIES, INC., an Ohio corporation ("ADLT"), and WAYNE J. VESPOLI ("EMPLOYEE"); WITNESSETH: WHEREAS, ADLT and Employee desire to reach agreement on compensation, if any, which will be due Employee at the time of Employee's termination of service ADLT or any of its affiliates; and WHEREAS, ADLT requires, as a condition of such agreement and Employee's continued employment by ADLT, an agreement with respect to certain competitive activities following Employee's termination of service, NOW, THEREFORE, in consideration of the mutual promises herein contained, the parties agree as follows: 1. SEVERANCE PAYMENTS. Subject to the provisions of this Agreement, upon Employee's Termination, other than a Termina

Advanced Lighting Tech Inc – Contract (August 2nd, 2005)

EXHIBIT 10.3 SEVERANCE AND NONCOMPETITION AGREEMENT THIS SEVERANCE AND NONCOMPETTION AGREEMENT is entered into and effective as of July 27, 2005, among, ADVANCED LIGHTING TECHNOLOGIES, INC., an Ohio corporation ("ADLT"), and SABU KRISHNAN ("EMPLOYEE"); WITNESSETH: WHEREAS, ADLT and Employee desire to reach agreement on compensation, if any, which will be due Employee at the time of Employee's termination of service ADLT or any of its affiliates; and WHEREAS, ADLT requires, as a condition of such agreement and Employee's continued employment by ADLT, an agreement with respect to certain competitive activities following Employee's termination of service, NOW, THEREFORE, in consideration of the mutual promises herein contained, the parties agree as follows: 1. SEVERANCE PAYMENTS. Subject to the provisions of this Agreement, upon Employee's Termination, other than a Terminatio

Form of Executive Severance and Noncompetition Agreement (May 11th, 2005)

THIS AGREEMENT (Agreement), dated as of May 10, 2005 (Effective Date), is between Broadwing Corporation, a Delaware corporation, on behalf of itself, its affiliates, subsidiaries, successors and assigns (collectively Broadwing or the Company), and FIRST NAME LAST NAME (Executive). The terms used in this Agreement and not otherwise defined herein have the meanings assigned to such terms in the attached Exhibit A.

Cognizant Technology Solutions Corporation Severance and Noncompetition Agreement (December 17th, 2004)

In consideration of the employment of the undersigned (Employee), Cognizant Technology Solutions Corporation, including any of its affiliates or direct or indirect subsidiaries (collectively, the Company), and as a condition of continued Employment, Employee agrees as follows: