Severance Protection Agreement Sample Contracts

CommScope Holding Company, Inc. – SEVERANCE PROTECTION AGREEMENT (February 21st, 2019)

WHEREAS, the Board of Directors of the Corporation (the “Board”) recognizes that the possibility of a Change in Control (as hereinafter defined) exists and that the threat or the occurrence of a Change in Control can result in significant distraction of the Corporation’s key management personnel because of the uncertainties inherent in such a situation;

HighPoint Resources Corp – FIRST AMENDMENT TO CHANGE IN CONTROL SEVERANCE PROTECTION AGREEMENT (August 9th, 2018)

This First Amendment to the CHANGE IN CONTROL SEVERANCE PROTECTION AGREEMENT (this “Amendment”) is entered into effective as of August 8, 2018 between HighPoint Resources Corporation, a Delaware corporation (“Company”), and William M. Crawford (the “Employee”).

HighPoint Resources Corp – CHANGE IN CONTROL SEVERANCE PROTECTION AGREEMENT HIGHPOINT OPERATING CORPORATION (July 20th, 2018)

This CHANGE IN CONTROL SEVERANCE PROTECTION AGREEMENT (the “Agreement”) is entered into as of July 19, 2018 (the “Effective Date”), between HighPoint Operating Corporation, a Delaware corporation (the “Company”), and Paul W. Geiger, III (the “Employee”).

HighPoint Resources Corp – CHANGE IN CONTROL SEVERANCE PROTECTION AGREEMENT HIGHPOINT OPERATING CORPORATION (May 8th, 2018)

This CHANGE IN CONTROL SEVERANCE PROTECTION AGREEMENT (the “Agreement”) is entered into as of [•] (the “Effective Date”), between HighPoint Operating Corporation, a Delaware corporation, f/k/a Bill Barrett Corporation (the “Company”), and [•] (the “Employee”).

AeroVironment Inc – AMENDED AND RESTATED SEVERANCE PROTECTION AGREEMENT (March 7th, 2018)

This AMENDED AND RESTATED SEVERANCE PROTECTION AGREEMENT (this “Agreement”) dated as of March 5, 2018, is by and between AeroVironment, Inc., a Delaware corporation (the “Company”), and Melissa Brown (the “Executive”).

Campbell Soup Co – FORM OF SEVERANCE PROTECTION AGREEMENT (September 27th, 2017)

WHEREAS, the Board of Directors of the Company (the “Board”) recognizes that the possibility of a Change in Control (as hereinafter defined) exists and that the threat of or the occurrence of a Change in Control may result in the departure or in significant distractions of its key management personnel because of the uncertainties inherent in such a situation;

Campbell Soup Co – FORM OF AMENDMENT TO SEVERANCE PROTECTION AGREEMENT (September 27th, 2017)

This is an amendment to the Severance Protection Agreement made as of _______________ by and between Campbell Soup Company (the “Company”) and _______________ (the “Executive”) (the "Agreement").

AeroVironment Inc – AMENDED AND RESTATED SEVERANCE PROTECTION AGREEMENT (June 28th, 2017)

This AMENDED AND RESTATED SEVERANCE PROTECTION AGREEMENT (this “Agreement”) dated as of June 26, 2017,  is by and between AeroVironment, Inc., a Delaware corporation (the “Company”), and Teresa Covington (the  “Executive”).

General Dynamics Corp – SEVERANCE PROTECTION AGREEMENT (February 6th, 2017)

SEVERANCE PROTECTION AGREEMENT (the “Agreement”) dated __________ __, 20__, by and between General Dynamics Corporation, a Delaware corporation (the "Company"), and ______________ (the "Executive").

AeroVironment Inc – SEVERANCE PROTECTION AGREEMENT (December 20th, 2016)

SEVERANCE PROTECTION AGREEMENT (this “Agreement”) dated as of December 10, 2015 by and between AeroVironment, Inc., a Delaware corporation (the “Company”), and Teresa Covington (the “Executive”).

Alliance Data Systems Corp – CHANGE IN CONTROL SEVERANCE PROTECTION AGREEMENT ADS ALLIANCE DATA SYSTEMS, INC. (December 16th, 2016)

This CHANGE IN CONTROL SEVERANCE PROTECTION AGREEMENT (the "Agreement") is entered into as of December 13, 2016, (the "Effective Date") by and between ADS Alliance Data Systems, Inc. (the "Company"), and Edward Heffernan (the "Executive").

Cme Group Inc. – FORM OF SEVERANCE PROTECTION AGREEMENT (December 9th, 2016)

This Severance Protection Agreement (this “Agreement”), is entered into as of      , 2016 (the “Effective Date”) by and among        (“Executive”) and Chicago Mercantile Exchange Inc. (the “Company” and, together with Executive, the “Parties”).

SWIFT TRANSPORTATION Co – EXECUTIVE SEVERANCE PROTECTION AGREEMENT (October 28th, 2016)

THIS AGREEMENT, dated October 25, 2016, is made by and between SWIFT TRANSPORTATION COMPANY, a Delaware corporation (the “Company”), and [Insert Name] (the “Executive”) (each, a “Party” and, collectively, the “Parties”).

Campbell Soup Co – AMENDMENT TO CHANGE IN CONTROL SEVERANCE PROTECTION AGREEMENT (September 22nd, 2016)

This is an amendment to the Change in Control Severance Protection Agreement made by and between Campbell Soup Company (the "Company") and [ ] (the "Executive") (the "Agreement").

CommScope Holding Company, Inc. – AMENDMENT TO SEVERANCE PROTECTION AGREEMENT (July 28th, 2016)

THIS AMENDMENT (the “Amendment”), effective as of ________, 2016, by and between CommScope, Inc. (the “Corporation”), and __________ (the “Executive”), amends that certain SEVERANCE PROTECTION AGREEMENT (the “Agreement”), dated as of__________, by and between the Corporation and the Executive.

Gulfmark Offshore Inc – GULFMARK OFFSHORE, INC. SEVERANCE PROTECTION AGREEMENT (July 27th, 2016)

THIS AGREEMENT (this “Agreement”) is entered into by and between GulfMark Offshore, Inc., a Delaware corporation (the “Company”), and David E. Darling (the “Executive”), effective as of April 6, 2016.

AeroVironment Inc – AMENDED AND RESTATED SEVERANCE PROTECTION AGREEMENT (June 29th, 2016)

This AMENDED AND RESTATED SEVERANCE PROTECTION AGREEMENT (this “Agreement”) dated as of May 2, 2016, is by and between AeroVironment, Inc., a Delaware corporation (the “Company”), and Wahid Nawabi (the “Executive”).

Gulfmark Offshore Inc – GULFMARK OFFSHORE, INC. SEVERANCE PROTECTION AGREEMENT (April 11th, 2016)

THIS AGREEMENT (this “Agreement”) is entered into by and between GulfMark Offshore, Inc., a Delaware corporation (the “Company”), and Samuel, R. Rubio (the “Executive”), effective as of April 6, 2016.

AeroVironment Inc – SEVERANCE PROTECTION AGREEMENT (March 9th, 2016)

SEVERANCE PROTECTION AGREEMENT (this “Agreement”) dated as of December 10, 2015, by and between AeroVironment, Inc., a Delaware corporation (the “Company”), and Timothy E. Conver (the “Executive”).

AeroVironment Inc – SEVERANCE PROTECTION AGREEMENT (March 9th, 2016)

SEVERANCE PROTECTION AGREEMENT (this “Agreement”) dated as of December 10, 2015, by and between AeroVironment, Inc., a Delaware corporation (the “Company”), and               (the “Executive”).

Leidos, Inc. – FORM OF SEVERANCE PROTECTION AGREEMENT (February 26th, 2016)

This SEVERANCE PROTECTION AGREEMENT is effective as of [insert date] by and between Leidos Holdings, Inc., a Delaware corporation (the “Company”), and «Executive_Name» (the “Executive”).

Digitalglobe, Inc. – SEVERANCE PROTECTION AGREEMENT (July 30th, 2015)

This Severance Protection Agreement (this “Agreement”) is made and entered into by and between Walter S. Scott (“Employee”) and DigitalGlobe, Inc., a Delaware corporation (the “Company”), effective as of April 13, 2015.

Digitalglobe, Inc. – SEVERANCE PROTECTION AGREEMENT (July 30th, 2015)

This Severance Protection Agreement (this “Agreement”) is made and entered into by and between ________________________ (“Employee”) and DigitalGlobe, Inc., a Delaware corporation (the “Company”), effective as of  ________________,  201__.

Digitalglobe, Inc. – SEVERANCE PROTECTION AGREEMENT (July 30th, 2015)

This Severance Protection Agreement (this “Agreement”) is made and entered into by and between Timothy M. Hascall (“Employee”) and DigitalGlobe, Inc., a Delaware corporation (the “Company”), effective as of April 13, 2015.

Digitalglobe, Inc. – SEVERANCE PROTECTION AGREEMENT (April 30th, 2015)

This Severance Protection Agreement (this “Agreement”) is made and entered into by and between Gary W. Ferrera (“Employee”) and DigitalGlobe, Inc., a Delaware corporation (the “Company”), effective as of  January 7,  2015.

PGI Specialty Materials, Inc. – Re: Severance Protection Agreement (February 10th, 2015)

The board of directors (the “Board”) of Polymer Group, Inc. (the “Company”) has determined that it is in the best interests of the Company and its shareholders to assure the continued dedication to the Company of certain senior management personnel. Accordingly, in order to encourage your continued attention and dedication to your assigned duties, the Board has authorized the Company to enter into this “Severance Protection Agreement” (the “Agreement”) in order to provide you with certain compensation and other benefits in the event that your employment with the Company is terminated under the circumstances set forth below.

Bill Barrett Corp – AMENDED AND RESTATED CHANGE IN CONTROL SEVERANCE PROTECTION AGREEMENT BILL BARRETT CORPORATION (January 30th, 2015)

This AMENDED AND RESTATED CHANGE IN CONTROL SEVERANCE PROTECTION AGREEMENT (the “Agreement”) is entered into as of January 1, 2015 (the “Effective Date”), between Bill Barrett Corporation (“Parent”), a Delaware corporation, and                      (the “Employee”).

Medicinova Inc – SEVERANCE PROTECTION AGREEMENT (August 13th, 2014)

SEVERANCE PROTECTION AGREEMENT, dated July 14, 2014, by and between MediciNova, Inc., a Delaware corporation (the “Company”), and Geoffrey O’Brien (the “Executive”).

Medicinova Inc – SEVERANCE PROTECTION AGREEMENT (August 13th, 2014)

SEVERANCE PROTECTION AGREEMENT, dated July 14, 2014, by and between MediciNova, Inc., a Delaware corporation (the “Company”), and Masatsune Okajima (the “Executive”).

Medicinova Inc – SEVERANCE PROTECTION AGREEMENT (August 13th, 2014)

SEVERANCE PROTECTION AGREEMENT, dated July 14, 2014, by and between MediciNova, Inc., a Delaware corporation (the “Company”), and Dr. Kazuko Matsuda (the “Executive”).

Medicinova Inc – SEVERANCE PROTECTION AGREEMENT (August 13th, 2014)

SEVERANCE PROTECTION AGREEMENT, dated July 14, 2014, by and between MediciNova, Inc., a Delaware corporation (the “Company”), and Dr. Yuichi Iwaki (the “Executive”).

Medicinova Inc – SEVERANCE PROTECTION AGREEMENT (July 11th, 2014)

SEVERANCE PROTECTION AGREEMENT, dated [                    ], 2014, by and between MediciNova, Inc., a Delaware corporation (the “Company”), and                      (the “Executive”).

Century Aluminum Co – TERMINATION OF EMPLOYMENT AND SEVERANCE PROTECTION AGREEMENTS (June 27th, 2014)

This is a Termination of an Employment and Severance Protection Agreement (the "Agreement") between Century Aluminum Company, a Delaware corporation (the "Company") and Michael A. Bless (the "Executive"), which shall be effective as set forth below.

Georgia-Carolina Bancshares, Inc – FIRST AMENDMENT TO THE SEVERANCE PROTECTION AGREEMENT (June 24th, 2014)

This First Amendment to the Severance Protection Agreement (this “Amendment”) is made by and between FIRST BANK OF GEORGIA, a banking corporation chartered under the laws of the State of Georgia (the “Bank”) and THOMAS J. FLOURNOY (the “Employee”), effective this 19th day of June, 2014 (the “Effective Date”):

Georgia-Carolina Bancshares, Inc – FIRST AMENDMENT TO THE SEVERANCE PROTECTION AGREEMENT (June 24th, 2014)

This First Amendment to the Severance Protection Agreement (this “Amendment”) is made by and between FIRST BANK OF GEORGIA, a banking corporation chartered under the laws of the State of Georgia (the “Bank”) and THOMAS J. FLOURNOY (the “Employee”), effective this 19th day of June, 2014 (the “Effective Date”):