Separation Agreement and General Release of Claims (November 7th, 2013)
THIS SEPARATION AGREEMENT AND GENERAL RELEASE OF CLAIMS (the "Agreement") is entered into by and between Nancy Shemwell ("Executive") and Extreme Networks, Inc. (the "Company"). This Agreement will become effective on the eighth day after it is signed by Executive (the "Effective Date"), provided that Executive has not revoked this Agreement (by email notice to [email protected]) prior to that date.
September 7, 2012 Ms Nancy Shemwell Dear Nancy: (September 24th, 2012)
We are pleased to offer you a position with Extreme Networks (the Company) as Executive Vice President of Global Sales (EVP, Global Sales), reporting to Oscar Rodriguez. Should you decide to join us, you will receive a semi-monthly salary of $13,542 (which would equal $325,000 on an annualized basis), less applicable taxes and withholdings, in accordance with the Companys normal payroll procedures.