Severance Benefit Agreement Sample Contracts

SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • June 22nd, 2023 • Leggett & Platt Inc • Household furniture • Missouri

This Severance Benefit Agreement (the “Agreement”) is made as of February 22, 2023 between Leggett & Platt, Incorporated, 1 Leggett Road, Carthage, Missouri 64836 (the “Company”) and Benjamin M. Burns (the “Executive”), residing at ________________.

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AVAGO TECHNOLOGIES LIMITED SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • June 14th, 2018 • Broadcom Inc. • Semiconductors & related devices • California

This Severance Benefit Agreement (the “Agreement”) is made and entered into by and between Hock E. Tan (“Executive”) and Avago Technologies Limited (company registration number 200510713C), a public company incorporated under the Singapore Companies Act (the “Company”), effective as of the later of the (i) the latest date set forth by the signatures of the parties hereto below or (ii) the date the Company’s shareholders approve this Agreement (the “Effective Date”). Upon the Effective Date, this Agreement supersedes the change in control and severance provisions of that certain offer letter agreement between the Company and Executive, as amended (the “Offer Letter”), in their entirety. In the event, the shareholders of the Company fail to approve this Agreement at the Company’s 2014 annual general meeting of shareholders, it shall become void ab initio, and the change in control and severance provisions of the Offer Letter shall remain in full force and effect.

AMENDED AND RESTATED SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • February 25th, 2009 • Leggett & Platt Inc • Household furniture

This Severance Benefit Agreement (the “Agreement”) is made as of November 6, 2008 between Leggett & Platt, Incorporated, No. 1 Leggett Road, Carthage, Missouri 64836 (the “Company”) and David S. Haffner (the “Executive”), residing at 2018 W. Morgan Heights Road, Carthage, Missouri 64836.

BROADCOM INC. SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • December 10th, 2020 • Broadcom Inc. • Semiconductors & related devices • California

This Severance Benefit Agreement (the “Agreement”) is made and entered into by and between Kirsten Spears, (“Executive”) and Broadcom Inc., a Delaware corporation (the “Company”), and is effective as of the latest date set forth by the signatures of the parties hereto below (the “Effective Date”).

GROUPON, INC. SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • April 13th, 2023 • Groupon, Inc. • Services-advertising agencies • Illinois

This SEVERANCE BENEFIT AGREEMENT (the “Agreement”) is entered into on the 13th day of April, 2023 (the “Effective Date”) between Groupon, Inc. (the “Company”), a Delaware corporation, and Jiri Ponrt (the “Executive”).

SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • February 28th, 2020 • Exterran Corp • Services-equipment rental & leasing, nec • Texas

THIS SEVERANCE BENEFIT AGREEMENT (this “Agreement”) is made and entered into effective as of _________ (the “Effective Date”), by and between Exterran Corporation, a Delaware corporation (the “Company”) and ____________ (the “Executive”).

BETWEEN
Severance Benefit Agreement • March 31st, 1997 • Interdigital Communications Corp • Patent owners & lessors • Pennsylvania
FORM OF SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • August 6th, 2013 • Exterran Holdings Inc. • Services-equipment rental & leasing, nec • Texas

THIS SEVERANCE BENEFIT AGREEMENT (this “Agreement”) is made and entered into effective as of [ ], 2013 (the “Effective Date”), by and between Exterran Holdings, Inc., a Delaware corporation (the “Company”) and (the “Executive”).

AMENDED AND RESTATED SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • February 22nd, 2018 • Leggett & Platt Inc • Household furniture

This Severance Benefit Agreement (the “Agreement”) is made as of December 30, 2008 between Leggett & Platt, Incorporated (the “Company”) and Scott S. Douglas (the “Executive”).

AMENDED AND RESTATED SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • August 25th, 2004 • Leiner Health Services Corp. • Pharmaceutical preparations • Delaware

This AMENDED AND RESTATED SEVERANCE BENEFIT AGREEMENT is made and entered into as of the 11 day of July 2002, by and between LEINER HEALTH PRODUCTS, INC., a Delaware corporation (the “Company”), and GALE BENSUSSEN (“Executive”).

BROADCOM INC. AMENDED AND RESTATED SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • December 10th, 2020 • Broadcom Inc. • Semiconductors & related devices • California

This Amended and Restated Severance Benefit Agreement (the “Agreement”) is made and entered into by and between Charlie Kawwas, (“Executive”) and Broadcom Inc., a Delaware corporation (the “Company”), and is effective as of the latest date set forth by the signatures of the parties hereto below (the “Effective Date”), and supersedes in its entirety that certain severance benefit agreement dated as of June 9, 2015 (the “Prior Agreement”) between Avago Technologies Limited and Executive.

Amendment to Non-Competition, Non-Solicitation & Severance Benefit Agreement
Severance Benefit Agreement • May 8th, 2013 • Choice Hotels International Inc /De • Hotels & motels

This Amendment, dated this 25th day of March 2013, amends that certain Non-Competition, Non-Solicitation & Severance Benefit Agreement (“Agreement”) entered into on February 13, 2012 between Choice Hotels International, Inc. (“Choice”), a Delaware corporation with principal offices at 10750 Columbia Pike, Silver Spring, Maryland 20901, and Simone Wu (“Employee”).

Executive Severance Benefit Agreement ("Agreement") between Ronald P. Vargo ("Executive") and EDS
Severance Benefit Agreement • November 6th, 2007 • Electronic Data Systems Corp /De/ • Services-computer programming, data processing, etc. • Texas

This Agreement between Electronic Data Systems Corporation ("EDS" or the "Company") and Ronald P. Vargo ("Executive"), which supersedes and replaces all Executive Severance Benefit Agreements previously executed between EDS and Executive (which previous Agreements Executive acknowledges are of no further force or effect), is entered into and effective as of the date executed by Executive as indicated on the last page of this Agreement ("Effective Date").

SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • January 6th, 2006 • Viskase Companies Inc • Plastics products, nec • Illinois

SEVERANCE BENEFIT AGREEMENT (the “Agreement”), dated as of January 3, 2006, by and between VISKASE COMPANIES, INC., a Delaware corporation (the “Company”), and GORDON S. DONOVAN (the “Executive”).

CHANGE OF CONTROL SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • February 5th, 2010 • Sanmina-Sci Corp • Printed circuit boards • California

This Change of Control Severance Benefit Agreement (the “Agreement”) is entered into as of the _____ day of ________, 2010 (the “Effective Date”), between ____________________ (“Employee”) and Sanmina-SCI Corporation (the “Company”). This Agreement is intended to provide Employee with certain compensation and benefits in the event that Employee is subject to certain qualifying terminations of employment in connection with a Change of Control. Certain capitalized terms used in this Agreement are defined in Article 5.

SECOND AMENDMENT TO SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • May 9th, 2012 • Exterran Holdings Inc. • Services-equipment rental & leasing, nec

THIS SECOND AMENDMENT TO SEVERANCE BENEFIT AGREEMENT (the “Amendment”) is made and entered into effective as of January 28, 2012, by and between Exterran Holdings, Inc., a Delaware corporation (the “Company”), and J. Michael Anderson (the “Employee”).

American Science and Engineering, Inc.
Severance Benefit Agreement • April 3rd, 2014 • American Science & Engineering, Inc. • X-ray apparatus & tubes & related irradiation apparatus • Massachusetts

This SEVERANCE BENEFIT & CHANGE IN CONTROL Agreement (the “Agreement”) is entered into on April 1, 2014 between American Science and Engineering, Inc. (the “Company” or the “Employer,” either of which term shall include any successor by merger, consolidation, sale of substantially all of the Company’s assets or otherwise) and (“Executive”) to be effective on April 1, 2014 (the “Effective Date”).

Amendment to Non-Competition, Non-Solicitation & Severance Benefit Agreement
Severance Benefit Agreement • May 9th, 2012 • Choice Hotels International Inc /De • Hotels & motels • Maryland

This Amendment (“Amendment”), dated March 13, 2012, amends that certain Non-Competition, Non-Solicitation & Severance Benefit Agreement (“Agreement”), dated May 5, 2011 between Choice Hotels International, Inc. (“Choice”), a Delaware corporation with principal offices at 10750 Columbia Pike, Silver Spring, Maryland 20901, and Patrick Pacious (“Employee”).

BROADCOM INC. AMENDED AND RESTATED SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • December 10th, 2020 • Broadcom Inc. • Semiconductors & related devices • California

This Amended and Restated Severance Benefit Agreement (the “Agreement”) is made and entered into by and between Hock E. Tan, (“Executive”) and Broadcom Inc., a Delaware corporation (the “Company”), and is effective as of the latest date set forth by the signatures of the parties hereto below (the “Effective Date”), and supersedes in its entirety that certain severance benefit agreement dated as of January 23, 2014 (the “Prior Agreement”) between Avago Technologies Limited and Executive.

FIRST AMENDMENT TO SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • May 9th, 2012 • Exterran Holdings Inc. • Services-equipment rental & leasing, nec

THIS FIRST AMENDMENT TO SEVERANCE BENEFIT AGREEMENT (the “Amendment”) is made and entered into effective as of December 12, 2011, by and between Exterran Holdings, Inc., a Delaware corporation (the “Company”), and J. Michael Anderson (the “Employee”).

Amendment to Non-Competition, Non-Solicitation & Severance Benefit Agreement
Severance Benefit Agreement • October 8th, 2010 • Choice Hotels International Inc /De • Hotels & motels • Maryland

This Amendment (“Amendment”), dated October 7, 2010, amends that certain Non-Competition, Non-Solicitation & Severance Benefit Agreement (“Agreement”), dated January 28, 2008 between Choice Hotels International, Inc. (“Choice”), a Delaware corporation with principal offices at 10750 Columbia Pike, Silver Spring, Maryland 20901, and Mary Beth Knight (“Employee”).

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Amendment to Non-Competition, Non-Solicitation & Severance Benefit Agreement
Severance Benefit Agreement • May 8th, 2013 • Choice Hotels International Inc /De • Hotels & motels

This Amendment, dated this 25th day of March 2013, amends that certain Non-Competition, Non-Solicitation & Severance Benefit Agreement (“Agreement”) entered into on August 1, 2011 between Choice Hotels International, Inc. (“Choice”), a Delaware corporation with principal offices at 10750 Columbia Pike, Silver Spring, Maryland 20901, and David White (“Employee”).

AMENDMENT TO SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • August 1st, 2017 • Archrock, Inc. • Natural gas transmission

THIS AMENDMENT TO SEVERANCE BENEFIT AGREEMENT (this “Amendment”), is entered into as of [ l ] (the “Effective Date”), by and between Archrock, Inc., a Delaware corporation (the “Company”), and [ l ] (the “Executive”). Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to such terms in the Severance Benefit Agreement (as defined below).

SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • February 25th, 2010 • Ball Corp • Metal cans • Colorado

THIS SEVERANCE BENEFIT AGREEMENT (“Agreement”) made and entered into as of the _____ day of _______________________ (the “Effective Date”) by and between Ball Corporation (the “Corporation”) having its corporate headquarters located at 10 Longs Peak Drive, Broomfield, Colorado, and ____________________________ (the “Executive”).

SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • May 31st, 2016 • Cobalt International Energy, Inc. • Crude petroleum & natural gas • Texas

This Severance Benefit Agreement (this “Agreement”) is made May 30, 2016, by and between Timothy J. Cutt (“Executive”) and Cobalt International Energy, Inc. (the “Company”), effective as of July 2, 2016 (the “Effective Date”). The Company and Executive are referred to individually herein as a “Party” and collectively as the “Parties.”

AVAGO TECHNOLOGIES LIMITED SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • March 13th, 2014 • Avago Technologies LTD • Semiconductors & related devices • California

This Severance Benefit Agreement (the “Agreement”) is made and entered into by and between Hock E. Tan (“Executive”) and Avago Technologies Limited (company registration number 200510713C), a public company incorporated under the Singapore Companies Act (the “Company”), effective as of the later of the (i) the latest date set forth by the signatures of the parties hereto below or (ii) the date the Company’s shareholders approve this Agreement (the “Effective Date”). Upon the Effective Date, this Agreement supersedes the change in control and severance provisions of that certain offer letter agreement between the Company and Executive, as amended (the “Offer Letter”), in their entirety. In the event, the shareholders of the Company fail to approve this Agreement at the Company’s 2014 annual general meeting of shareholders, it shall become void ab initio, and the change in control and severance provisions of the Offer Letter shall remain in full force and effect.

Severance Benefit Agreement
Severance Benefit Agreement • February 24th, 2021 • Leggett & Platt Inc • Household furniture • Missouri

This Severance Benefit Agreement (the “Agreement”) is made as of September 18, 2017 between Leggett & Platt, Incorporated, 1 Leggett Road, Carthage, Missouri 64836 (the “Company”) and Steven K. Henderson (the “Executive”), residing at [ ].

SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • August 5th, 2011 • Us Concrete Inc • Concrete products, except block & brick

This Severance Benefit Agreement, dated as of August 4, 2011, is by and between U.S. Concrete, Inc. (the “Company”) and Michael W. Harlan (“Executive”).

SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • August 5th, 2015 • Lumber Liquidators Holdings, Inc. • Retail-lumber & other building materials dealers • Virginia

This Severance Benefit Agreement (“Agreement”), dated ______, 2015, by and between Lumber Liquidators, Inc. (“LL”) and/or its affiliated entity(ies) (collectively and, where applicable, individually, the “Company”) and ______________ (“Employee”), states as follows:

SECOND AMENDMENT TO SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • February 22nd, 2018 • Archrock, Inc. • Natural gas transmission

THIS SECOND AMENDMENT TO SEVERANCE BENEFIT AGREEMENT (this “Amendment”), is entered into as of [●] (the “Effective Date”), by and between Archrock, Inc., a Delaware corporation (the “Company”), and [●] (the “Executive”). Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to such terms in the Severance Benefit Agreement (as defined below).

SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • August 16th, 2011 • Exterran Holdings Inc. • Services-equipment rental & leasing, nec • Texas

THIS SEVERANCE BENEFIT AGREEMENT (this “Agreement”) is made and entered into effective as of August 11, 2011 (the “Effective Date”), by and between Exterran Holdings, Inc., a Delaware corporation (the “Company”) and _______________ (the “Employee”).

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