Severance Plan Sample Contracts

Constellation Pharmaceuticals Inc – Constellation Pharmaceuticals, Inc. Amended and Restated Change in Control Severance Plan (June 22nd, 2018)
AXA Equitable Holdings, Inc. – AXA Equitable Supplemental Severance Plan for Executives as Amended and Restated as of May 9, 2018 (June 20th, 2018)

The purpose of the AXA Equitable Supplemental Severance Plan for Executives (the "Supplemental Plan") is to provide supplemental severance benefits for individuals who have been elected by the Board of Directors of AXA Equitable Life Insurance Company ("AXA Equitable") as Managing Directors or higher ("Eligible Executive") of AXA Equitable in the event of Job Elimination. These severance benefits are intended solely to supplement, and shall not be duplicative of, any severance benefits for which an Eligible Executive may be eligible under the AXA Equitable Severance Benefit Plan ("Basic Severance Plan").

Perry Ellis International, Inc. Change in Control Severance Plan and Summary Plan Description (June 13th, 2018)
Perspecta Inc. – PERSPECTA INC. SEVERANCE PLAN FOR SENIOR MANAGEMENT AND KEY EMPLOYEES and Summary Plan Description Effective June 1, 2018 (June 6th, 2018)

This Severance Plan (the Plan) shall become effective with respect to any particular Designated Employee (as defined below) as of the date a Senior Management and Key Employee Severance Agreement, incorporating all or any portion of the terms hereof, is executed between such Designated Employee and Perspecta Inc. (Perspecta and, together with its subsidiaries, the Company). This document is also intended to constitute the Summary Plan Description for the Plan.

Executive Change in Control and General Severance Plan for Executive and Management Employees (June 4th, 2018)
QUALCOMM INCORPORATED EXECUTIVE OFFICER CHANGE IN CONTROL SEVERANCE PLAN Introduction (May 25th, 2018)

The Compensation Committee of the Board of Directors of Qualcomm Incorporated (the "Company") recognizes that the possibility of a Change in Control of the Company, and the uncertainty it creates, may result in the loss or distraction of employees of the Company to the detriment of the Company and its stockholders.

Zoe's Kitchen, Inc. – Amended and Restated Management Severance Plan (May 24th, 2018)

Zoe's Kitchen, Inc., a Delaware corporation (the "Company," "us" or "we"), considers it in the best interest of its stockholders to foster the continuous employment of the Company's key management personnel. In this regard, the Compensation Committee of the Company's Board of Directors recognizes that the possibility of an involuntary termination of employment upon a change in control (as further defined below) of the Company may exist and the uncertainty that such concerns may raise among management could result in the departure or distraction of management personnel to the detriment of the Company and its stockholders. In order to induce certain senior management employees of the Company listed on Exhibit A hereof ("you" or "Employee") to remain in its employ, for good and valuable consideration, the Company hereby agrees that, subject to your compliance with the covenants herein, you shall be entitled to receive the benefits set forth in this agreement (the "Agreement") in the event

Avaya Holdings Corp. – Avaya Inc. Change in Control Severance Plan (May 18th, 2018)

WHEREAS, Avaya Inc. (the "Company") considers it essential to the best interests of its stockholders to foster the continued employment of key management personnel;

Smart & Final Stores, Inc. – Smart & Final Stores, Inc. 2018 Executive Severance Plan (May 14th, 2018)

The purpose of this Smart & Final Stores, Inc. 2018 Executive Severance Plan (the Plan) is to enable the Company to offer a form of protection to selected key employees of the Company in the event their employment with the Company terminates.

Apergy Corp – APERGY CORPORATION EXECUTIVE SEVERANCE PLAN Introduction (May 11th, 2018)

This Apergy Corporation Executive Severance Plan (the Plan) sets forth the policy of Apergy Corporation, a Delaware corporation (Apergy), 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. (Apergy 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.

Apergy Corp – APERGY CORPORATION SENIOR EXECUTIVE CHANGE-IN-CONTROL SEVERANCE PLAN Introduction (May 11th, 2018)

This Apergy Corporation Senior Executive Change-in-Control Severance Plan (the Plan) sets forth the policy of Apergy Corporation, a Delaware corporation (Apergy), 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 (Apergy 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.

JAMBA, INC. AMENDED AND RESTATED EXECUTIVE RETENTION AND SEVERANCE PLAN (Effective July 1, 2017) (May 11th, 2018)
Twilio Inc – Twilio Inc. Chief Executive Officer Severance Plan (May 10th, 2018)
Twilio Inc – Twilio Inc. Key Executive Severance Plan (May 10th, 2018)
Amended and Restated Carbonite, Inc. Executive Severance Plan (May 10th, 2018)

Carbonite, Inc. (the "Company") considers it essential to the best interests of its stockholders to promote and preserve the continuous employment of key management personnel. The Compensation Committee (the "Committee") of the Board of Directors of the Company (the "Board") recognizes that the possibility of a Change of Control (as defined in Section 3(c) hereof) exists and that such possibility, and the uncertainty and questions that it may raise among management, may result in the departure or distraction of key management personnel to the detriment of the Company and its stockholders. Therefore, the Committee has determined that this Amended and Restated Executive Severance Plan (the "Plan") should be adopted to reinforce and encourage the continued attention and dedication of certain key members of management who are designated as participants by the Committee, in its sole discretion, to participate in the Plan (each, a "Covered Executive," and collectively, the "Covered Executiv

Horace Mann Educators Corporation – Horace Mann Service Corporation Executive Severance Plan Schedule a Participants (May 9th, 2018)
Connecticut Water Service, Inc. – Change in Control Severance Plan (May 9th, 2018)

THIS CHANGE IN CONTROL SEVERANCE PLAN (this "Plan") was established XXXXX (the "Effective Date") to provide for change of control benefits to certain eligible employees of Connecticut Water Service, Inc., a Connecticut corporation (the "Company"), Connecticut Water Company, Maine Water Company and their affiliates in the circumstances described in this Plan.

Bonanza Creek Energy Inc. – Bonanza Creek Energy, Inc. Fifth Amended and Restated Executive Change in Control and Severance Plan (May 8th, 2018)
Atlas Holdings, Inc. – Amneal Pharmaceuticals Llc Severance Plan and Summary Plan Description (May 7th, 2018)

This Amneal Pharmaceuticals LLC Severance Plan (the Plan) is established to provide for payment of severance benefits by Amneal Pharmaceuticals LLC (the Company) to eligible Participants whose employment with the Company Group (defined below) is terminated for reasons described under the conditions below. Participants who (i) terminate their employment for any reason other than for Good Reason, or (ii) are terminated for Cause, death, or disability, or (iii) are indirect equity owners of the Company (for purposes hereof, profit participation unitholders shall not be included within the term equity owners), are not eligible for any severance benefits pursuant to this Plan (collectively, Excluded Employees).

Jacobs Engineering Group Inc. Executive Severance Plan (May 4th, 2018)
CREE SEVERANCE PLAN - SENIOR LEADERSHIP TEAM PLAN DOCUMENT AND SUMMARY PLAN DESCRIPTION Effective as of April 30, 2018 (May 4th, 2018)

Cree, Inc. ("Cree") has established the Cree SLT Severance Plan (the "Plan") to provide benefits to certain senior leadership executives of Cree and its Affiliates (collectively referred to as the "Company") in the event of the termination of their employment under certain circumstances described in this document. The Plan is effective as of April 30, 2018, and shall continue in effect until terminated by the Company.

Tuesday Morning Corporation Executive Severance Plan and Summary Plan Description (May 3rd, 2018)
Spartan Motors – Spartan Motors, Inc. Management Severance Plan (May 3rd, 2018)
Amended and Restated Mastercard International Incorporated Executive Severance Plan (May 2nd, 2018)

The Amended and Restated Mastercard International Incorporated Executive Severance Plan (the "Plan") sets forth the guidelines for Mastercard International Incorporated ("Mastercard" or the "Company") with respect to severance payments and/or benefits to certain of its employees who meet the eligibility requirements set forth in the Plan. At all times, payments under the Plan shall be made solely from the general assets of the Company.

Amended and Restated Allete and Affiliated Companies Change in Control Severance Plan (May 2nd, 2018)

ALLETE's Board of Directors has determined that it is in the best interest of ALLETE and its shareholders to foster the continued dedication and objectivity of certain key members of the Company's management notwithstanding the possibility or occurrence of an acquisition by another company or other change in control of the Company. Accordingly, ALLETE adopted the Change in Control Severance Plan effective as of February 13, 2008.

Silver Run Acquisition Corp – Centennial Resource Development, Inc. Severance Plan (May 2nd, 2018)

The purpose of this Centennial Resource Development, Inc. Severance Plan (the "Plan") is to encourage employees of Centennial Resource Development, Inc. (together with any successor, the "Company") and its subsidiaries to remain in the employ of the Employer by providing, among other things, severance protections to such employees in the event their employment is terminated under the circumstances described in this Plan.

Rigel Pharmaceuticals, Inc. – Rigel Pharmaceuticals, Inc. Executive Severance Plan (May 1st, 2018)
Executive Severance Plan (May 1st, 2018)

The Company has adopted this AutoNation, Inc. Executive Severance Plan for the benefit of certain key employees of the Company and its Subsidiaries, on the terms and conditions hereinafter stated. All capitalized terms used herein are defined in Section 1 hereof. The Plan, as set forth herein, is intended to help retain key employees and maintain a stable work environment by providing severance benefits to Eligible Executives in the event of certain terminations of employment.

Southern California Edison Co – Edison International 2008 Executive Severance Plan (May 1st, 2018)

Edison International hereby amends and restates the Edison International Executive Severance Plan effective April 2, 2018. This Plan is intended to be an "employee benefit plan" within the meaning of Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended.

Evelo Biosciences, Inc. – Evelo Biosciences, Inc. Executive Severance Plan (April 30th, 2018)

The purpose of this Evelo Biosciences, Inc. Executive Severance Plan (the Plan) is to encourage certain employees of Evelo Biosciences, Inc. (the Company) to remain in the employ of the Company by providing severance protections to such employees in the event their employment is terminated under the circumstances described in this Plan.

Dana Incorporated Amended and Restated Change in Control Severance Plan Introduction (April 30th, 2018)

Dana Incorporated, a Delaware corporation (the Company), adopted the Dana Incorporated Change in Control Severance Plan (the Original Plan), effective as of June 18, 2008 for the benefit of certain designated employees. The Original Plan expired by its terms effective June 18, 2013.

EXCO Resources, Inc. – EXCO RESOURCES, INC. SEVERANCE PLAN PLAN DOCUMENT AND SUMMARY PLAN DESCRIPTION EFFECTIVE NOVEMBER 10, 2015, as Amended THROUGH MARCH 8, 2017 (April 30th, 2018)

This EXCO Resources, Inc. Severance Plan ("Plan"), is established under the Employee Retirement Income Security Act of 1974, as amended ("ERISA") as an unfunded welfare benefit plan to provide severance benefits to certain employees of EXCO Resources, Inc. (hereinafter "the Company") and its affiliates in the event of employment terminations under certain conditions. The Plan is established and maintained as a Welfare Program, and this document as a Welfare Program Document, under the EXCO Resources, Inc. Welfare Benefit Plan. Severance benefits under the Plan shall be determined exclusively under this Plan. This Plan is in no way contingent upon retirement under any EXCO Resources, Inc. retirement plan. This document is designed and intended, except where specified otherwise, to be both the summary plan description and the governing plan document.

Constellation Pharmaceuticals Inc – Constellation Pharmaceuticals, Inc. Change in Control Severance Plan September 23, 2010 (April 27th, 2018)
AXA Equitable Holdings, Inc. – AXA Equitable Supplemental Severance Plan for Executives (As Amended and Restated as of January 1, 2014) (April 26th, 2018)

The purpose of the AXA Equitable Supplemental Severance Plan for Executives (the Supplemental Plan) is to provide supplemental severance benefits for individuals who have been elected by the Board of Directors of AXA Equitable Life Insurance Company (AXA Equitable) as Executive Directors or higher (Eligible Executive) of AXA Equitable in the event of Job Elimination. These severance benefits are intended solely to supplement, and shall not be duplicative of, any severance benefits for which an Eligible Executive may be eligible under the AXA Equitable Severance Benefit Plan (Basic Severance Plan, any capitalized terms not otherwise defined herein are as defined in the Basic Severance Plan).

Synchrony Financial Executive Severance Plan (April 26th, 2018)

This document constitutes the Synchrony Financial Executive Severance Plan (the "Plan"). The Plan is intended to secure the continued services and ensure the continued dedication of the Participants. The purpose of the Plan is to provide benefits to a group of employees of the Company and its participating Affiliates that constitutes a "select group of management or highly compensated employees" within the meaning of Department of Labor Regulation SS2520.104-24.