Severance and Non-Competition Agreement (May 22nd, 2006)
THIS Agreement made as of the 16th day of May, 2006, between Maritrans Inc., a Delaware corporation (the Company), and Matthew J. Yacavone (the Employee).
Contract (March 9th, 2005)
Exhibit 10.8 GENERAL RELEASE AND SEPARATION AGREEMENT Maritrans General Partner Inc. ("Employer" or "Maritrans") and Douglas Sparks ("Employee") desire to end their employment relationship in an amicable manner on or before December 15, 2004. WHEREAS, Employee was hired on March 7, 2000, and served as Employer's Executive Vice President, Maritrans Operating Co. L.P. from July 30, 2003 through December 15; WHEREAS, Employer will pay Employee his base salary compensation and accrued vacation due him for a period of three (3) months as a severance payment in exchange for entering into this General Release and Separation Agreement; WHEREAS, Employee represents that he is 43 years old, his date of birth being February 9, 1961. NOW THEREFORE, in consideration of the mutual undertakings set forth below, this General Release and Separation Agreement will govern Employee's separation from employm