Severance Plan Sample Contracts

Aquaventure Holdings Llc – AquaVenture Holdings Limited Key Executive Severance Plan (April 18th, 2019)
Pdl Biopharma – Executive Severance Plan (April 10th, 2019)

This Executive Severance Plan (the "Plan") has been adopted as of [Date] (the "Effective Date") by PDL BioPharma, Inc. (the "Company") for the purpose of providing severance benefits for a select group of key management personnel of the Company who have been designated as participants ("Participants") in the Plan through the action of the Compensation Committee of the Board on the terms and conditions set forth herein.

WestRock Co – WESTROCK Company EXECUTIVE SEVERANCE PLAN (April 9th, 2019)
GreenSky, Inc. – Greensky, Inc. Executive Severance Plan Background (April 4th, 2019)

This Summary contains the Plan's provisions regarding eligibility, benefits and other important information about the Plan, as required by the Employee Retirement Income Security Act of 1974, as amended ("ERISA"). Each Executive should read this Summary, including Appendices A and B attached hereto, and keep them for ready reference. If the Executive has any questions, the Executive should contact GreenSky, Inc., Attn: Human Resources Department, 5565 Glenridge Connector, Suite 700, Atlanta, Georgia, 30342, (678) 264-6105. The Plan is administered by the Compensation Committee of the Board of Directors of GreenSky (the "Board").

Vera Bradley, Inc. 2014 Executive Severance Plan Amended May 30, 2018 (Executive Officer) (April 2nd, 2019)

The purpose of this Vera Bradley, Inc. 2014 Executive Severance Plan (the "Plan") is to better provide for the retention of key employees through providing them with a higher degree of financial security, on the terms and conditions hereinafter stated. The Plan is intended to be a severance pay plan governed by Title I of ERISA primarily for the purpose of providing benefits for a select group of management or highly compensated employees.

FEDERAL HOME LOAN BANK OF BOSTON EXECUTIVE CHANGE IN CONTROL SEVERANCE PLAN Section 1 - Plan Objectives (March 22nd, 2019)
TECH DATA CORPORATION EXECUTIVE SEVERANCE PLAN (As Amended and Restated Effective March 18, 2019) This Tech Data Corporation Executive Severance Plan (The "Plan") Was Established by Tech Data Corporation, a Corporation Duly Organized and Existing Under the Laws of the State of Florida (The "Company"). RECITALS: WHEREAS, Effective as of August 1, 2000, the Company Adopted the Plan to Provide Severance Benefits to Eligible Employees Solely in the Event of a Company- Initiated Separation for Reasons Other Than Gross Misconduct; WHEREAS, Effective as of January 1, 2007, the Company Amended and Res (March 20th, 2019)
Mistras Group Inc – Mistras Group, Inc. Severance Plan (March 18th, 2019)

Due to the competitive nature of the NDT business and the need for executive and managerial talent in the industry, executives and managers of Mistras Group, Inc. ("Mistras") and its subsidiaries (Mistras and its subsidiaries are collectively referred to as the "Company") have been and will continue to be recruited by other companies. In order to attract and retain executive and managerial talent, the Compensation Committee of the Board of Directors of Mistras, in consultation with management, has implemented this severance plan (the "Plan"). This Plan is designed to provide its participants with some level of continued income and benefits upon the termination of their employment with the Company under certain circumstances.

Resideo Technologies, Inc. – Resideo Technologies, Inc. Severance Plan for Designated Officers (March 18th, 2019)
Astec Industries, Inc. – EXHIBIT a PARTICIPANTS IN THE ASTEC INDUSTRIES, INC. EXECUTIVE CHANGE IN CONTROL SEVERANCE PLAN as of February 21, 2019 Tier I Participants (March 18th, 2019)
Diplomat Pharmacy – DIPLOMAT PHARMACY, INC. EXECUTIVE SEVERANCE PLAN (Effective March 7, 2019) (March 13th, 2019)

In order to secure the continued services of certain key management employees of Diplomat Pharmacy, Inc. (the Company) and to ensure their continued dedication to their assigned duties without distraction in circumstances arising from the possibility of certain terminations of employment and in the event of any threat or occurrence of a Change in Control of the Company, the Compensation Committee of the Board of Directors of the Company (the Committee) has adopted this Executive Severance Plan (as it may be amended pursuant to the terms hereof, this Plan).

Centurylink Executive Severance Plan (March 11th, 2019)
Barnes & Noble – Barnes & Noble, Inc. Change in Control Severance Plan and Summary Plan Description (March 7th, 2019)
AEROVIRONMENT, INC. EXECUTIVE SEVERANCE PLAN AND SUMMARY PLAN DESCRIPTION Effective January 1, 2019 (March 6th, 2019)

This document constitutes both the plan document and the summary plan description ("SPD") under the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), for the Plan as in effect on January 1, 2019 (the "Effective Date"). It describes the eligibility criteria and Plan Benefits available to eligible employees.

APX Group Holdings, Inc. – Will Not Engage in Any Other Business Activities That Could Conflict With His Duties or Services to the Company; Provided That Nothing Herein Shall Preclude Executive, Subject to Obtaining Consent of the Board (Not to Be Unreasonably Withheld), From (I) Accepting Appointment to or Continuing to Serve on Any Board of Directors or Trustees of Any Business Corporation, and (Ii) Serving as an Officer or Director or Otherwise Participating in Non-Profit Educational, Welfare, Social, Religious and Civil Organizations. The Parties Agree That Consent Shall Be Deemed Obtained With Respect to Executive' (March 6th, 2019)
APX Group Holdings, Inc. – Performance of Executive's Duties Hereunder (Excluding Periods of Vacation and Sick Leave) and Will Not Engage in Any Other Business Activities That Could Conflict With His Duties or Services to the Company; Provided That Nothing Herein Shall Preclude Executive, Subject to Obtaining Consent of the Board (Not to Be Unreasonably Withheld), From (I) Accepting Appointment to or Continuing to Serve on Any Board of Directors or Trustees of Any Business Corporation, and (Ii) Serving as an Officer or Director or Otherwise Participating in Non-Profit Educational, Welfare, Social, Religious and Civil Or (March 6th, 2019)
Newell Brands Employee Severance Plan and Summary Plan Description (Directors and Above) Introduction (March 4th, 2019)
Lyft, Inc. – Lyft, Inc. Executive Change in Control and Severance Plan and Summary Plan Description (March 1st, 2019)
Wingstop Inc. – Executive Severance Plan (February 27th, 2019)

This Participation Agreement (this "Agreement") is made and entered into by and between [_______________] ("Executive") and Wingstop Inc. (the "Company"), effective as of [_______________]. Unless otherwise defined herein, any capitalized terms used in this Agreement shall have the meanings set forth in the Plan.

Gannett Co., Inc. – Gannett Co., Inc. Executive Severance Plan Initially Adopted on July 28, 2015 and Amended and Restated as of December 6, 2018 (February 27th, 2019)
Ocwen – OCWEN FINANCIAL COPORATION UNITED STATES CHANGE IN CONTROL SEVERANCE PLAN (Effective as of February 22, 2019) Section 1 - General Information (February 27th, 2019)

Ocwen Financial Corporation hereby amends and restates the Ocwen Financial Corporation United States Change in Control Severance Plan (the "Plan") effective as of February 22, 2019 (the "Effective Date"). The Plan is intended to be, and shall be administered as, an employee welfare benefit plan as defined in Section 3(1) of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"). This document shall serve as the formal plan document and the summary plan description ("SPD") for the Plan.

Peabody Energy Corporation 2019 Executive Severance Plan (February 27th, 2019)

Purpose and Background. The purpose of the Plan is to assist certain Company officers and executives in making a successful transition upon termination of employment by the Company without Cause, or by the officer or executive for Good Reason (as such terms are defined in the Plan). The Company previously adopted the 2015 Amended and Restated Executive Severance Plan, which was a prior version of the Plan. Effective as of January 1, 2019, the 2015 Amended and Restated Executive Severance Plan will no longer be in effect and is superseded and completely replaced by this 2019 Executive Severance Plan.

Chemed Corporation Change in Control Severance Plan as Amended August 3, 2018 (February 27th, 2019)

As of the Effective Date, the Company (as such term is hereinafter defined) established the Chemed Corporation Change in Control Severance Plan, as set forth in this document. As of the Amendment Date, the Company amended the Plan to provide that the tax gross-up provisions in Section 6.3 shall apply only to those individuals who were Participants in the Plan on the Amendment Date and not to anyone designated as a Participant following the Amendment Date (all such terms are hereinafter defined).

Change in Control Severance Plan (February 27th, 2019)
Ameren Illinois Co – Schedule I Change of Control Severance Plan Participants (February 26th, 2019)

1 Benefit Levels are defined as a payment amount equal to a cash severance multiple of base pay, target short-term incentive award, short-term incentive award in year of termination (prorated at target), the actuarial equivalent of the benefit under the qualified defined benefit retirement plan and any excess or supplemental retirement plan.

Ameren Illinois Co – Ameren Corporation Severance Plan For (February 26th, 2019)

The Ameren Corporation Severance Plan for Ameren Officers (herein referred to as the "Plan") is sponsored by Ameren Corporation and is offered to Officers of Ameren Corporation and its participating subsidiaries (referred to collectively as "Ameren"). A complete list of participating subsidiaries may be obtained, and is available for examination, by Officers upon written request to the Plan Administrator.

Flowserve Corporation Executive Officer Severance Plan (February 20th, 2019)

Flowserve Corporation established and adopted the Flowserve Corporation Executive Officer Severance Plan (the "Plan"), effective as of January 1, 2007, to provide financial and transitional assistance to Eligible Executive Officers who separate from the Company or a Subsidiary due to a Reduction-in-Force or due to a termination of employment without Cause in order to assure the Company of the continued attention and dedication to duty of Eligible Executive Officers and to ensure the continued availability of service by Eligible Executive Officers during periods of work force reduction or reorganization. The Plan was formerly known as the Flowserve Corporation Officer Severance Plan. The Company previously amended and restated the Plan effective January 1, 2010, June 1, 2012, and February 14, 2017. The Company hereby amends and restates the Plan as set forth herein effective as of November 2, 2018 (the "Effective Date"). The Plan is intended to constitute an "employee welfare benefi

Ally Financial Inc. – Ally Financial Inc. Severance Plan Plan Document and Summary Plan Description (February 20th, 2019)

This document and the appendix may change from time to time, in the sole discretion of the Company. The consent of any Covered Person or any other persons entitled to receive payment of benefits under the Plan is not required.

DOVER CORPORATION SENIOR EXECUTIVE CHANGE-IN-CONTROL SEVERANCE PLAN (As Amended and Restated Effective November 1, 2018) Introduction (February 15th, 2019)

This Dover Corporation Senior Executive Change-in-Control Severance Plan (the "Plan") sets forth the policy of Dover Corporation, a Delaware corporation ("Dover"), and each of its Subsidiaries (as defined in Article 14) which employs an "Eligible Executive" (as defined in Article 1) with respect to "Severance Payments" (as defined in Article 5) payable to an Eligible Executive under the Plan (Dover and such Subsidiaries are collectively referred to as the "Company"). This Senior Executive Change-in-Control Severance Plan constitutes the plan document and summary plan description for the Plan.

DOVER CORPORATION EXECUTIVE SEVERANCE PLAN (As Amended and Restated Effective November 1, 2018) Introduction (February 15th, 2019)

This Dover Corporation Executive Severance Plan (the "Plan") sets forth the policy of Dover Corporation, a Delaware corporation ("Dover"), and each of its Subsidiaries (as defined in Article 13) which employs an "Eligible Executive" (as defined in Article 1) with respect to "Severance Payments" (as defined in Article 5) payable to an Eligible Executive under the Plan. (Dover and such Subsidiaries are collectively referred to as the "Company".) This Executive Severance Plan constitutes the plan document and summary plan description for the Plan.

AMERICAN AXLE & MANUFACTURING HOLDINGS, INC. Executive Officer Severance Plan (February 15th, 2019)

Purpose. The purpose of the American Axle & Manufacturing Holdings, Inc. Executive Officer Severance Plan (the "Plan") is to advance the interests of American Axle & Manufacturing Holdings, Inc. (the "Company," and together with its subsidiaries, the "Company Group") and its shareholders by providing financial protection to selected executive officers and certain other employees as determined by the Administrator in its sole discretion from time to time upon termination of a participant's employment in specific circumstances and to attract and retain talent.

Rogers Corporation Severance Plan (February 13th, 2019)
Paramount Group – Paramount Group, Inc. Executive Severance Plan (February 13th, 2019)
Amended and Restated Wellcare Health Plans, Inc. Executive Severance Plan (February 12th, 2019)

The Board believes that it is in the best interests of the Company to encourage the continued employment and dedication of certain officers by providing economic security to such individuals in the event of certain terminations of employment, and the Plan has been established for this purpose. The Plan is intended to be a "welfare plan" under ERISA providing benefits to a select group of management or highly compensated employees as described in DOL Regulation section 2520.104-24. The Plan is separate from the WellCare Health Plans, Inc. Severance Plan, as amended from time to time. Capitalized terms used in the Plan are defined in Section 10, except as otherwise specified.

Lyft, Inc. – Lyft, Inc. Executive Change in Control and Severance Plan and Summary Plan Description (February 7th, 2019)