Severance Pay Agreement Sample Contracts

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SEVERANCE PAY AGREEMENT
Severance Pay Agreement • December 7th, 2006 • United Retail Group Inc/De • Retail-women's clothing stores

This Severance Pay Agreement (the “Agreement”), dated ___________, 20__ (the “date first set forth above”) between United Retail Incorporated, a Delaware corporation, with principal offices at 365 West Passaic Street, Rochelle Park, New Jersey 07662 (the “Company”) and the undersigned officer of the Company (the “Executive”).

WITNESSETH ----------
Severance Pay Agreement • April 1st, 1999 • Platinum Technology International Inc • Services-prepackaged software • Delaware
SEVERANCE PAY AGREEMENT
Severance Pay Agreement • September 4th, 2012 • Tandy Brands Accessories Inc • Apparel & other finishd prods of fabrics & similar matl • Texas

This SEVERANCE PAY AGREEMENT ("Agreement"), effective as of February 20, 2012 (the "Effective Date"), by and between Tandy Brands Accessories, Inc., a Delaware corporation (the "Company"), and Hilda McDuff (the "Executive"), evidences that;

SEVERANCE PAY AGREEMENT
Severance Pay Agreement • May 21st, 2008 • Cyberoptics Corp • Optical instruments & lenses

This Agreement is made as of the 19th day of May, 2008, between CyberOptics Corporation, a Minnesota corporation (the “Company”) and Kathleen P. Iverson (“Executive”).

SEVERANCE PAY AGREEMENT
Severance Pay Agreement • October 5th, 2006 • Eschelon Telecom Inc • Telephone communications (no radiotelephone) • Minnesota

This Agreement is made this day of December 2005, by and between Eschelon Telecom, Inc., a Delaware corporation, and its affiliates and subsidiaries (the “Company”) and (the “Executive”).

SEVERANCE PAY AGREEMENT FOR KEY EMPLOYEE
Severance Pay Agreement • March 16th, 2009 • Asbury Automotive Group Inc • Retail-auto dealers & gasoline stations • New York

Reference is made to that certain agreement (the “Agreement”) entered into as of August 1, 2006 between Asbury Automotive Group, Inc. and its subsidiaries and affiliates (“Asbury”) and Keith Style (“Executive”), a key employee of Asbury, which provides for an agreed-upon compensation in the event that there is a Termination (as defined below) of Executive’s employment with Asbury. The parties hereto agree to amend and restate such Agreement as hereinafter provided.

SEVERANCE PAY AGREEMENT
Severance Pay Agreement • November 5th, 2008 • Soapstone Networks Inc. • Services-prepackaged software • Massachusetts

This agreement is entered into by and between Soapstone Networks, Inc. (the “Company”) and Donald Wadas (“you”) dated as of October 16, 2008 (the “Effective Date”).

RESTATED SEVERANCE PAY AGREEMENT
Severance Pay Agreement • July 19th, 2007 • United Retail Group Inc/De • Retail-women's clothing stores

This Severance Pay Agreement (the “Agreement”), dated as of June 15, 2007 (the “date first set forth above”), is made between United Retail Group, Inc., a Delaware corporation, with principal offices at 365 West Passaic Street, Rochelle Park, New Jersey 07662 (the “Company”) and the undersigned officer of the Company (the “Executive”).

SEVERANCE PAY AGREEMENT
Severance Pay Agreement • December 23rd, 2013 • Sycamore Networks Inc • Telephone & telegraph apparatus • Massachusetts

This Severance Pay Agreement (the “Agreement”) is made and entered into by and between David Guerrera (“Employee”) and Sycamore Networks, Inc. (the “Company”), effective as of April 15, 2013 (the “Effective Date”).

SEVERANCE PAY AGREEMENT
Severance Pay Agreement • June 5th, 2006 • SoftBrands, Inc. • Services-prepackaged software

This Agreement is made as of the second day of June, 2006, between SoftBrands, Inc., a Delaware corporation (the “Company”) and Gregg A. Waldon (“Executive”).

AMENDED AND RESTATED SEVERANCE PAY AGREEMENT FOR KEY EMPLOYEE
Severance Pay Agreement • February 23rd, 2017 • Asbury Automotive Group Inc • Retail-auto dealers & gasoline stations • Georgia

This Amended and Restated Severance Pay Agreement is entered into as of February 21, 2017 (the “Effective Date”) between Asbury Automotive Group, Inc. (“Asbury”) and George A. Villasana (“Executive”).

SEVERANCE PAY AGREEMENT
Severance Pay Agreement • March 3rd, 2008 • Empire District Electric Co • Electric services • Missouri

THIS AGREEMENT dated as of ____________, between THE EMPIRE DISTRICT ELECTRIC COMPANY (the “Company”), a Kansas corporation, having its principal offices at 602 Joplin Street, Joplin, Missouri, and ___________________, residing at _______________________, (the “Executive”),

SEVERANCE PAY AGREEMENT
Severance Pay Agreement • March 15th, 2006 • Avici Systems Inc • Computer communications equipment • Massachusetts

You will receive severance pay if, prior to, in connection with or following a Change of Control, you are terminated from employment by the Company or an acquiring party without Cause or if you resign for Good Reason.

SEVERANCE PAY AGREEMENT FOR KEY EMPLOYEE
Severance Pay Agreement • May 4th, 2009 • Asbury Automotive Group Inc • Retail-auto dealers & gasoline stations • New York

This agreement is entered into as of April 29, 2009 (the “Employment Date”), between Asbury Automotive Group, Inc. and its subsidiaries and affiliates (“Asbury” or the “Company”) and Michael Kearney (“Executive”), a key employee of Asbury, in order to provide for an agreed-upon compensation in the event of a Termination (as such term is defined in this Agreement) of Executive’s employment with Asbury (the “Agreement”).

SEVERANCE PAY AGREEMENT FOR KEY EMPLOYEE
Severance Pay Agreement • March 1st, 2010 • Asbury Automotive Group Inc • Retail-auto dealers & gasoline stations

This Agreement (“Agreement”) is between Asbury Automotive Group, Inc. and its subsidiaries, affiliates, successors, and assigns (“Asbury” or the “Company”) and Beth Chandler (“Executive”), a key employee of Asbury, in order to provide for an agreed-upon compensation in the event of a Termination (as such term is defined in this Agreement) of Executive’s employment with Asbury.

SEVERANCE PAY AGREEMENT FOR KEY EMPLOYEE
Severance Pay Agreement • February 27th, 2018 • Asbury Automotive Group Inc • Retail-auto dealers & gasoline stations • New York

This agreement is entered into as of July 18, 2005 between Asbury Automotive Group L.L.C. ("Asbury") and George C. Karolis (" Executive"), a key employee of Asbury, in order to provide for an agreed-upon compensation in the event that the Executive's employment is terminated as defined in this agreement.

SEVERANCE PAY AGREEMENT
Severance Pay Agreement • December 14th, 2007 • SoftBrands, Inc. • Services-prepackaged software

This Agreement is made as of the 17th day of May, 2006, between SoftBrands, Inc., a Delaware corporation (the “Company”) and Gregg Waldon (“Executive”).

SEVERANCE PAY AGREEMENT FOR KEY EMPLOYEE
Severance Pay Agreement • October 18th, 2011 • Asbury Automotive Group Inc • Retail-auto dealers & gasoline stations • Georgia

This Agreement is entered into as of July 27, 2011 (the “Effective Date”) between Asbury Automotive Group, Inc. (“Asbury”) and Scott Krenz (“Executive”), a key employee of Asbury, in order to provide for an agreed-upon compensation in the event that Executive’s employment is terminated following a Change in Control as defined in this agreement.

AMENDMENT TO SEVERANCE PAY AGREEMENT
Severance Pay Agreement • March 15th, 2012 • Cyberoptics Corp • Optical instruments & lenses

WHEREAS, CyberOptics Corporation, a Minnesota Corporation (the “Company”) and Kathleen P. Iverson (“Executive”) have previously entered into a Severance Pay Agreement dated May 19, 2008 (the “Agreement”); and

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AMENDED AND RESTATED SEVERANCE PAY AGREEMENT
Severance Pay Agreement • November 7th, 2006 • Avici Systems Inc • Computer communications equipment • Massachusetts

This agreement is entered into by and between Avici Systems Inc. (the “Company”) and T.S. Ramesh (“you”) dated as of November 7, 2006 and amends and restates the Severance Pay Agreement by and between the Company and you.

AMENDMENT TO SEVERANCE PAY AGREEMENT
Severance Pay Agreement • December 29th, 2008 • Soapstone Networks Inc. • Services-prepackaged software • Massachusetts

WHEREAS, the Compensation Committee of the Board of Directors of the Company has authorized the amendment of such Agreement to comply with Section 409A of the Internal Revenue Code of 1986, as amended, and treasury regulations thereunder;

AMENDMENT TO SEVERANCE PAY AGREEMENT
Severance Pay Agreement • May 19th, 2009 • Cyberoptics Corp • Optical instruments & lenses

THIS AMENDMENT TO SEVERANCE PAY AGREEMENT is made and entered into this 18th day of May, 2009 by and between CyberOptics Corporation, a Minnesota corporation (the “Company”), and Jeffrey A. Bertelsen (“Executive”).

SEVERANCE PAY AGREEMENT FOR KEY EMPLOYEE
Severance Pay Agreement • July 28th, 2022 • Asbury Automotive Group Inc • Retail-auto dealers & gasoline stations • Georgia

This Agreement is entered into as of July 28, 2022 (the “Effective Date”) between Asbury Automotive Group, Inc. (“Asbury”) and Daniel Clara (“Executive”).

SEVERANCE PAY AGREEMENT
Severance Pay Agreement • March 10th, 2011 • Cyberoptics Corp • Optical instruments & lenses

This Agreement is made as of the first day of May, 2010, between CyberOptics Corporation, a Minnesota corporation (the “Company”) and Daniel Good (“Executive”).

SEVERANCE PAY AGREEMENT
Severance Pay Agreement • March 6th, 2007 • Empire District Electric Co • Electric services • Missouri

THIS AGREEMENT dated as of __________, 2001, between THE EMPIRE DISTRICT ELECTRIC COMPANY (the "Company"), a Kansas corporation, having its principal offices at 602 Joplin Street, Joplin, Missouri, and (the "Executive"), residing at ____________.

SEVERANCE PAY AGREEMENT FOR KEY EMPLOYEE
Severance Pay Agreement • July 26th, 2017 • Asbury Automotive Group Inc • Retail-auto dealers & gasoline stations • Georgia

This Agreement is entered into as of July 7, 2017 (the “Effective Date”) between Asbury Automotive Group, Inc. (“Asbury”) and Sean Goodman (“Executive”).

SEVERANCE PAY AGREEMENT FOR KEY EMPLOYEE
Severance Pay Agreement • February 27th, 2018 • Asbury Automotive Group Inc • Retail-auto dealers & gasoline stations • Georgia

This Agreement is entered into as of January 4, 2018 (the “Effective Date”) between Asbury Automotive Group, Inc. (“Asbury”) and John Hartman (“Executive”).

AMENDMENT NO. 1 TO SEVERANCE PAY AGREEMENT
Severance Pay Agreement • May 12th, 2008 • SoftBrands, Inc. • Services-prepackaged software

This Amendment is made and entered into this 12th day of May 2008, by and between Ralf Suerken (“Executive”) and SoftBrands, Inc. (the “Company”).

SEVERANCE PAY AGREEMENT FOR KEY EMPLOYEE
Severance Pay Agreement • May 4th, 2009 • Asbury Automotive Group Inc • Retail-auto dealers & gasoline stations • New York

Reference is made to that certain agreement entered into as of April 21, 2003, as amended on December 20, 2006, and November 14, 2007, (collectively the “Agreement”) between Asbury Automotive Group, Inc. and its subsidiaries and affiliates (“Asbury” or the “Company”) and Philip Johnson (“Executive”), a key employee of Asbury, which provides for an agreed-upon compensation in the event of a Termination (as such term is defined in this Agreement) of Executive’s employment with Asbury. The parties hereto agree to amend and restate such Agreement as hereinafter provided, as of April 29, 2009.

SEVERANCE PAY AGREEMENT FOR KEY EMPLOYEE
Severance Pay Agreement • February 23rd, 2017 • Asbury Automotive Group Inc • Retail-auto dealers & gasoline stations • Georgia

This Severance Pay Agreement (“Agreement”) is entered into as of February 21, 2017 between Asbury Automotive Group, Inc. (“Asbury”) and William F. Stax (“Employee”), in order to provide for an agreed-upon compensation in the event that Employee’s employment is terminated following a Change in Control as defined in this Agreement.

AMENDMENT NO. 3 TO SEVERANCE PAY AGREEMENT
Severance Pay Agreement • August 8th, 2022 • Cyberoptics Corp • Optical instruments & lenses

THIS AMENDMENT NO. 3 TO SEVERANCE PAY AGREEMENT is made and entered into this 7th day of August, 2022 by and between CyberOptics Corporation, a Minnesota corporation (the "Company"), and Jeffrey A. Bertelsen (the "Executive").

SEVERANCE PAY AGREEMENT
Severance Pay Agreement • March 15th, 2006 • Avici Systems Inc • Computer communications equipment • Massachusetts

This agreement is entered into by and between Avici Systems Inc. (the “Company”) and William Leighton (“you”) effective as of March 15, 2006.

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