Severance Plan Sample Contracts

CorePoint Lodging Inc. – COREPOINT LODGING INC. EXECUTIVE SEVERANCE PLAN Plan Document/Summary Plan Description (August 14th, 2018)

CorePoint Lodging Inc. (the "Company") has adopted the CorePoint Lodging Inc. Executive Severance Plan (the "Plan") for the benefit of certain employees of the Company and its subsidiaries (hereinafter referred to as the "Company Group"), on the terms and conditions hereinafter stated, effective as of the Effective Date.

Babcock & Wilcox Enterprises, Inc. – Babcock & Wilcox Enterprises, Inc. Executive Severance Plan (August 9th, 2018)
Second Amendment to Calix, Inc. Amended and Restated Executive Change in Control and Severance Plan (August 8th, 2018)

Effective August 1, 2018, Schedule A (Group Listing) to the Calix, Inc. Amended and Restated Executive Change in Control and Severance Plan is amended and restated as follows:

Carbonite Inc. Senior Executive Severance Plan Effective: February 2, 2016 (August 3rd, 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 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 Senior 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 Executives"). Nothing in this Plan shall be construed as c

Carbonite Inc. Employee Severance Plan Effective: April 2016 Amended: July 26, 2018 (August 3rd, 2018)

Name of Plan: The name of the Plan under which benefits are provided is the Carbonite, Inc. ("Company") Employee Severance Plan, and will be referred to throughout this booklet as the "Severance Plan." Capitalized terms used but not otherwise defined herein shall have the meaning ascribed to such terms in the 2011 Equity Award Plan.

Navient Corporation Change in Control Severance Plan for Senior Officers as Amended and Restated Effective May 24, 2018 (August 3rd, 2018)
Navient Corporation Executive Severance Plan for Senior Officers as Amended and Restated Effective May 24, 2018 (August 3rd, 2018)
McDonald's – Severance Plan (August 2nd, 2018)
WATTS WATER TECHNOLOGIES, INC. EXECUTIVE SEVERANCE PLAN (As Amended and Restated Effective February 8, 2018) (August 2nd, 2018)

This Watts Water Technologies, Inc. Executive Severance Plan (the "Plan") provides severance benefits to Eligible Executives upon certain terminations of employment. The Plan was originally effective June 1, 2014 and was amended and restated in its current form effective as of February 8, 2018.

CBOE Holdings – Cboe Global Markets, Inc. Executive Severance Plan (August 2nd, 2018)
NRG Energy, Inc. Amended and Restated Executive Change-In-Control and General Severance Plan for Tier IA and Tier IIA Executives (August 2nd, 2018)

NRG Energy, Inc. Amended and Restated Executive Change-in-Control and General Severance Plan for Tier I and Tier II Executives

Forest City Realty Trust, Inc. – Forest City Employer, LLC Severance Plan and Summary Plan Description (As of July 1, 2018) (July 31st, 2018)
Forest City Realty Trust, Inc. – Forest City Employer, LLC Severance Plan and Summary Plan Description (As of July 1, 2018) (July 31st, 2018)
EPR PROPERTIES EMPLOYEE SEVERANCE PLAN (Effective as of May 13, 2015 and Amended as of June 1, 2018) (July 31st, 2018)

EPR Properties, a Maryland real estate investment trust, hereby adopts the EPR Properties Employee Severance Pay Plan for eligible employees of the Company, effective as of May 13, 2015. The Plan is intended to offer severance pay to eligible employees in the event of certain involuntary terminations of employment from the Company. The Plan, as a "severance pay arrangement" within the meaning of Section 3(2)(B)(i) of ERISA is intended to be and shall be administered and maintained as an unfunded welfare benefit plan under Section 3(1) of ERISA.

Amended and Restated Mastercard International Incorporated Change in Control Severance Plan (July 26th, 2018)

The Plan was effective as of August 1, 2009, was amended and restated as of June 5, 2012, and is further amended and restated as of June 25, 2018. For avoidance of doubt, the amendment and restatement of the Plan as of June 25, 2018 is not intended to, and will not be applied in a way that would, materially modify any rights under the Plan that were in effect for a Plan participant as of November 2, 2017 within the meaning of P.L. 115-97, Section 13601(e)(2).

Theravance – Second Amendment to 2009 Severance Plan (July 26th, 2018)

THIS SECOND AMENDMENT to the Innoviva, Inc. (the Corporation) 2009 Severance Plan, as amended (the Plan) is made effective as of May 18, 2018 (the Effective Date).

Executive Severance Plan (July 26th, 2018)

THIS L3 TECHNOLOGIES, INC. EXECUTIVE SEVERANCE PLAN, effective as of July 25, 2018 (the "Effective Date"), has been established to provide for the payment of severance benefits to Covered Executives (as defined below). This Plan is intended to constitute an employee welfare benefit plan that is a "top-hat" plan under the Employee Retirement Income Security Act of 1974, as amended ("ERISA").

Change in Control Severance Plan (July 26th, 2018)

THIS L3 TECHNOLOGIES, INC. AMENDED AND RESTATED CHANGE IN CONTROL SEVERANCE PLAN, originally adopted on August 15, 2006 (the "Effective Date") by L-3 Communications Holdings, Inc. (which subsequently merged with and into the Company (as defined below) (formerly known as L-3 Communications Corporation)), as amended and restated through July 25, 2018, has been established to provide for the payment of severance benefits to Employees (as defined below).

Lockheed Martin Corporation Executive Severance Plan (July 24th, 2018)

Lockheed Martin Corporation wishes to revise the Lockheed Martin Corporation Executive Severance Plan (the "Plan") to reflect updated Post-Employment Conduct Agreements, effective as of the date this amendment is executed, as indicated below.

AMERICAN EXPRESS SENIOR EXECUTIVE SEVERANCE PLAN (As Amended and Restated Effective May 1, 2018) (July 24th, 2018)
Ocwen – OCWEN FINANCIAL COPORATION UNITED STATES CHANGE IN CONTROL SEVERANCE PLAN (Effective as of June 28, 2018) Section 1 - General Information (July 2nd, 2018)

Ocwen Financial Corporation hereby establishes the Ocwen Financial Corporation United States Change in Control Severance Plan (the "Plan") effective as of June 28, 2018. 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.

Ocwen – OCWEN FINANCIAL COPORATION UNITED STATES BASIC SEVERANCE PLAN (Effective as of June 28, 2018) Section 1 - General Information (July 2nd, 2018)

Ocwen Financial Corporation hereby establishes the Ocwen Financial Corporation United States Basic Severance Plan (the "Plan") effective as of June 28, 2018, without effect to any agreements reached prior to that 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.

Amended and Restated Corporate Officers' Severance Plan (June 28th, 2018)
Ampco-Pittsburgh Corporation Executive Severance Plan (June 27th, 2018)

Ampco-Pittsburgh Corporation (the Plan Sponsor), on behalf of each participating entity included as the Company, hereby adopts the Ampco-Pittsburgh Corporation Executive Severance Plan (the Plan), effective as of the Effective Date. The Plan is established to provide financial assistance to a Participant whose Employment is terminated due to an Involuntary Termination of Employment occurring on or after the Effective Date not otherwise covered by the Change in Control Agreement between a Participant and the Company (a CIC Agreement).

Riviera Resources, LLC – LINN ENERGY, INC. SEVERANCE PLAN Effective February 28, 2017 (June 27th, 2018)

The Board of Directors of Linn Energy, Inc. (together with its subsidiaries, the Company) hereby ratifies and adopts the Linn Energy, Inc. Severance Plan (the Plan), as of the Effective Date, for eligible employees of the Company. The Company, as successor to Linn Energy, LLC, assumed the Linn Energy, LLC Severance Plan (the Prior Plan) pursuant to Article VII thereof, and pursuant to Article VIII of the Prior Plan, the Company hereby replaces the Prior Plan in its entirety with the Plan. The Plan is intended to offer specified severance benefits to eligible employees in the event of certain involuntary terminations of employment from the Company. The Plan, as a severance pay arrangement within the meaning of Section 3(2)(B)(i) of the Employee Retirement Income Security Act of 1974, as amended (ERISA) is intended to be and shall be administered and maintained as an unfunded welfare benefit plan under Section 3(1) of ERISA.

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.