Transition and Retirement Agreement Sample Contracts

RECITALS:
Transition and Retirement Agreement • March 2nd, 2005 • Idex Corp /De/ • Pumps & pumping equipment • Illinois
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TRANSITION AND RETIREMENT AGREEMENT
Transition and Retirement Agreement • January 26th, 2023 • Northrop Grumman Corp /De/ • Search, detection, navagation, guidance, aeronautical sys • Virginia
EX-10.1 2 d583849dex101.htm EX-10.1 TRANSITION AND RETIREMENT AGREEMENT
Transition and Retirement Agreement • May 5th, 2020 • Massachusetts

MKS Instruments, Inc., a Massachusetts corporation (the “Company”), and John R. Abrams of Lowell, MA (“Employee”) (collectively, the “Parties”) agree, effective May 9, 2018, as follows:

TRANSITION AND RETIREMENT AGREEMENT
Transition and Retirement Agreement • February 20th, 2020 • Six Flags Entertainment Corp • Services-miscellaneous amusement & recreation • Delaware

This Transition and Retirement Agreement (the “Agreement”), dated as of February 20, 2020 is entered into by and between Six Flags Entertainment Corporation, a Delaware corporation (the “Company”) and Marshall Barber (the “Executive”).

Contract
Transition and Retirement Agreement • May 5th, 2020 • Virginia
EX-10.1 2 d744307dex101.htm EX-10.1 TRANSITION AND RETIREMENT AGREEMENT
Transition and Retirement Agreement • May 5th, 2020 • Georgia

THIS TRANSITION AND RETIREMENT AGREEMENT is made and entered into as of the 23rd day of June, 2014 (this “Retirement Agreement”) by and between PHILIP W. TOMLINSON, an individual resident of the State of Georgia (“Executive”), and TOTAL SYSTEM SERVICES, INC., a corporation organized and existing under the laws of the State of Georgia (the “Company”).

TRANSITION AND RETIREMENT AGREEMENT
Transition and Retirement Agreement • February 25th, 2019 • Orthofix Medical Inc. • Surgical & medical instruments & apparatus • Texas

This Transition and Retirement Agreement (the “Agreement”) is entered into by and among Orthofix Medical Inc. (the “Company”) and Bradley R. Mason (the “Executive”) (collectively, the “Parties”).

TRANSITION AND RETIREMENT AGREEMENT
Transition and Retirement Agreement • June 21st, 2021 • Taylor Morrison Home Corp • Operative builders • Arizona

This Transition and Retirement Agreement (the “Agreement”) is dated as of June 21, 2021, by and among Taylor Morrison Home Corporation, a Delaware corporation (the “Company” or “TMHC”), Taylor Morrison, Inc. (“Taylor Morrison”), and C. David Cone (the “Executive”).

TRANSITION AND RETIREMENT AGREEMENT
Transition and Retirement Agreement • September 13th, 2021 • Superior Energy Services Inc • Oil & gas field services, nec • Texas

This Transition and Retirement Agreement (this “Transition Agreement”) is by and between Superior Energy Services, Inc., a Delaware corporation (the “Company”), and Alan Patrick Bernard (the “Executive”). The parties agree as follows:

TRANSITION AND RETIREMENT AGREEMENT
Transition and Retirement Agreement • May 20th, 2024 • Danimer Scientific, Inc. • Plastic materials, synth resins & nonvulcan elastomers • Delaware

This Transition and Retirement Agreement (this “Agreement”), dated as of May 20, 2024 (the “Effective Date”), is entered into by and between Stephen E. Croskrey (“Executive”) and Danimer Scientific, Inc. (the “Company”). Executive and the Company are each referred to herein as a “Party” and together as the “Parties.” Capitalized terms used but undefined herein shall have the meanings attributed to them in that certain Amended and Restated Employment Agreement by and between Executive and the Company, dated July 23, 2021 (the “Employment Agreement”), a copy of which was filed as Exhibit 10.1 to the Company’s 8-K dated July 29, 2021.

TRANSITION AND RETIREMENT AGREEMENT
Transition and Retirement Agreement • August 30th, 2017 • Sysco Corp • Wholesale-groceries & related products • Texas

This Transition and Retirement Agreement (this “Agreement”) is entered into by and between William J. DeLaney (“Executive”) and Sysco Corporation (the “Company”), and confirms the agreement that has been reached with Executive in connection with Executive’s transition and retirement from the Company.

TRANSITION AND RETIREMENT AGREEMENT
Transition and Retirement Agreement • April 4th, 2018 • Walmart Inc. • Retail-variety stores • Ontario

This Transition and Retirement Agreement (this “Agreement”) is made and entered into on March 29, 2018, by and among David Cheesewright (the “Associate”), Walmart Inc., and Wal-Mart Canada Corp., an indirect wholly-owned subsidiary of Walmart Inc. (Walmart Inc. and Wal-Mart Canada Corp. are collectively referred to herein as “Walmart”).

TRANSITION AND RETIREMENT AGREEMENT
Transition and Retirement Agreement • February 3rd, 2023 • Noble Corp PLC • Drilling oil & gas wells • Texas

This Transition and Retirement Agreement (the “Agreement”) is by and between William Turcotte (the “Executive”), Noble Services Company LLC, a Delaware limited liability company (the “Company”) and Noble Corporation plc, a public limited company organized under the laws of England and Wales (“Parent”).

December 31, 2022 Mr. Christopher M. Hix [Address on file with the Company] Re: CFO Retirement Transition Agreement Dear Chris:
Transition and Retirement Agreement • March 1st, 2023 • Enovis CORP • Orthopedic, prosthetic & surgical appliances & supplies • Delaware

This Transition and Retirement Agreement (this “Agreement”) sets forth the understanding between you and Enovis Corporation (the “Company”) regarding your continued employment as Chief Financial Officer of the Company and your planned retirement and transition. On behalf of the Board of Directors of the Company, I want to thank you for your years of leadership as Chief Financial Officer and your willingness to provide continued service as a Special Advisor.

FAIR ISAAC CORPORATION TRANSITION AND RETIREMENT AGREEMENT WITH MICHAEL J. PUNG
Transition and Retirement Agreement • January 31st, 2019 • Fair Isaac Corp • Services-business services, nec

THIS TRANSITION AND RETIREMENT AGREEMENT (the “Agreement”) is made and entered into as of January 30, 2019 (the “Effective Date”) by and between Fair Isaac Corporation, a Delaware corporation (the “Company”), and Michael J. Pung, a resident of California (“Pung”).

Contract
Transition and Retirement Agreement • November 4th, 2021 • Louisville Gas & Electric Co /Ky/ • Electric & other services combined
TRANSITION AND RETIREMENT AGREEMENT
Transition and Retirement Agreement • June 23rd, 2015 • Boeing Co • Aircraft • Illinois

WHEREAS, the Executive currently serves as the Company’s Chairman and Chief Executive Officer pursuant to the terms of that certain Amended and Restated Executive Employment Agreement dated as of March 13, 2008 (as amended, the “Employment Agreement”);

Via Hand Delivery
Transition and Retirement Agreement • February 27th, 2017 • Callidus Software Inc • Services-computer programming services • California

This letter confirms the agreement (“Agreement”) between you and Callidus Software Inc. (the “Company”) concerning the terms of your transition and retirement. If you agree to the terms outlined herein, please sign and return this Agreement to me in the timeframe outlined below.

TRANSITION AND RETIREMENT AGREEMENT
Transition and Retirement Agreement • February 10th, 2021 • Advanced Energy Industries Inc • Electronic components, nec • Colorado

THIS TRANSITION AND RETIREMENT AGREEMENT (“Agreement”) is entered into as of February 8, 2021 by Yuval Wasserman, residing in Denver, Colorado (“Executive”) and Advanced Energy Industries, Inc., a Delaware corporation, located at 1595 Wynkoop Street (8th Floor), Denver, Colorado 80202 (“AEI”), for and on behalf of itself and its predecessors, successors, assigns, parents, subsidiaries, branches, affiliated entities and related entities (collectively, the “Company”). Executive and Company are referred to in this Agreement as the “Parties.” This Agreement shall become effective on the Effective Date, as defined in Section 18.

TRANSITION AND RETIREMENT AGREEMENT
Transition and Retirement Agreement • January 22nd, 2019 • Itron Inc /Wa/ • Instruments for meas & testing of electricity & elec signals • Washington

THIS TRANSITION AND RETIREMENT AGREEMENT (this “Agreement”) is entered into on January 21, 2019 (the “Effective Date”), by and between Itron, Inc., a Washington corporation (the “Company”), and Philip C. Mezey (“Executive”). The Company and Executive may be referred to herein individually as a “Party” and collectively as the “Parties.”

TRANSITION AND RETIREMENT AGREEMENT
Transition and Retirement Agreement • May 4th, 2010 • Sysco Corp • Wholesale-groceries & related products

THIS TRANSITION AND RETIREMENT AGREEMENT (the “Agreement”) is entered into by and between Sysco Corporation, a Delaware corporation (the “Company”) and Stephen F. Smith, a resident of the State of Texas (“Executive”), as of the Effective Date of the Agreement, as defined below.

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TRANSITION AND RETIREMENT AGREEMENT
Transition and Retirement Agreement • November 17th, 2006 • Bioject Medical Technologies Inc • Surgical & medical instruments & apparatus • Oregon

This Transition and Retirement Agreement (“Agreement”) is entered into by James C. O’Shea on behalf of himself and his agents, heirs, executors, assigns (“Executive”), Bioject Inc. (“Bioject”) and Bioject Medical Technologies Inc. (“BMT”), and their successors and assigns, and the present and former owners, directors, officers, employees, and agents of any of them (collectively, the “Company”). For purposes of this Agreement, Executive and the Company are collectively referred to as “the Parties.”

TRANSITION AND RETIREMENT AGREEMENT
Transition and Retirement Agreement • December 23rd, 2008 • Movado Group Inc • Watches, clocks, clockwork operated devices/parts • New York

This Transition and Retirement Agreement (hereafter this “Agreement”), dated as of December 19, 2008, is hereby entered into by and between Gedalio Grinberg (the “Executive”), and Movado Group, Inc., a New York corporation (together with its subsidiaries and affiliates, the “Company”).

TRANSITION AND RETIREMENT AGREEMENT
Transition and Retirement Agreement • November 22nd, 2010 • Amcol International Corp • Mining & quarrying of nonmetallic minerals (no fuels) • Illinois

This Transition and Retirement Agreement is made and entered into by and between AMCOL International Corporation (“the Company”) and Lawrence E. Washow (“the Executive”), dated November 19, 2010 (“this Agreement”).

TRANSITION AND RETIREMENT AGREEMENT
Transition and Retirement Agreement • May 5th, 2009 • Sysco Corp • Wholesale-groceries & related products

This TRANSITION AND RETIREMENT AGREEMENT (this “Agreement”) is entered into by and between Sysco Corporation, a Delaware corporation (the “Company”), and RICHARD J. SCHNIEDERS, a resident of the state of Texas (“Executive”), as of the Effective Date of the Agreement, as defined below.

TRANSITION AND RETIREMENT AGREEMENT BY AND BETWEEN FIRSTMERIT BANK N.A. AND
Transition and Retirement Agreement • November 2nd, 2012 • Firstmerit Corp /Oh/ • National commercial banks • Ohio

Effective as of the Effective Date (as defined in Section 9.03[4]), FirstMerit Bank, N.A. (“Corporation”), a national banking association, and Larry A. Shoff (“Mr. Shoff”), collectively, the “Parties,” enter into this Transition and Retirement Agreement (“Agreement”) to describe the terms and conditions of Mr. Shoff's continuing employment with the Corporation and subsequent retirement at the end of the Term (as defined below) of this Agreement.

TRANSITION AND RETIREMENT AGREEMENT
Transition and Retirement Agreement • November 12th, 2019 • Magellan Health Inc • Services-hospitals

This Transition and Retirement Agreement (the “Agreement”) is made this 11th day of November, 2019, by and between, Magellan Health, Inc. (the “Company”) and Daniel N. Gregoire (“Executive”).

TRANSITION AND RETIREMENT AGREEMENT
Transition and Retirement Agreement • September 23rd, 2004 • Coventry Health Care Inc • Hospital & medical service plans • Maryland

THIS TRANSITION AND RETIREMENT AGREEMENT (the “Agreement”) entered into on September 22, 2004, by and between COVENTRY HEALTH CARE INC., a Delaware corporation (the “Company”), with its principal office in Bethesda, Maryland, and Allen F. Wise, a resident of Potomac, Maryland (:Executive”).

TRANSITION AND RETIREMENT AGREEMENT
Transition and Retirement Agreement • October 22nd, 2012 • Terex Corp • Industrial trucks, tractors, trailors & stackers • Connecticut

THIS AGREEMENT dated as of October 19, 2012, is made by and between Terex Corporation, a Delaware corporation (the “Company”), and Phillip C. Widman (the “Executive”).

TRANSITION AND RETIREMENT AGREEMENT
Transition and Retirement Agreement • January 29th, 2020 • Winmark Corp • Retail-miscellaneous retail • Minnesota

THIS TRANSITION AND RETIREMENT AGREEMENT (“Transition Agreement” or “Agreement”) is made and entered into by and between Winmark Corporation, a Minnesota corporation (“Company”) and Mr. John L. Morgan (“you”) and will be effective as of January 29, 2020 (“Effective Date”).

TRANSITION AND RETIREMENT AGREEMENT
Transition and Retirement Agreement • March 16th, 2023 • Semtech Corp • Semiconductors & related devices • California

You have announced your intention to retire from Semtech Corporation (the “Company”). The Company desires your continued support for a transition period, and you have agreed to provide that support, on the terms and conditions set forth in this letter agreement (this “Transition Agreement”).

Harmonic Inc. Transition and Retirement Agreement
Transition and Retirement Agreement • June 18th, 2010 • Harmonic Inc • Radio & tv broadcasting & communications equipment • California

This Transition and Retirement Agreement (the “Agreement”) is made and entered into as of June 15, 2010 by and between Robin Dickson, (the “Employee”) and Harmonic Inc. (the “Company” and together with the Employee, collectively referred to as the “Parties”).

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