Common Contracts
4 similar Release Agreement contracts by Ust Inc
DATE]Release Agreement • December 19th, 2008 • Ust Inc • Tobacco products • Delaware
UST Inc. (“UST” or the “Company”) is pleased to provide you with this letter agreement (the “Agreement”). The Board of Directors of UST (the “Board of Directors” or the “Board”) considers it essential to the best interests of the Company and the interests of UST’s stockholders to foster the continuous employment of key management personnel. In addition, the Board recognizes that, as is the case with many publicly held corporations, the possibility of a change in control may exist, and that the uncertainty and questions which may arise among Company management as a result of the foregoing may cause the departure or distraction of management to the detriment of the Company and its stockholders.
Murray S. Kessler Chairman, President and Chief Executive Officer UST Inc. Greenwich, CT 06830 Dear Murray:Release Agreement • December 19th, 2008 • Ust Inc • Tobacco products • Delaware
UST Inc. (“UST” or the “Company”) is pleased to provide you with this letter agreement (the “Agreement”) regarding the terms and conditions related to your employment with the Company.
DATE]Release Agreement • December 19th, 2008 • Ust Inc • Tobacco products
In order to induce you to remain in the employ of the Company, the Company and UST agree that you shall receive the severance benefits set forth in this Agreement in the event your employment with the Company is terminated under the circumstances described below either prior to or subsequent to a "Change in Control" (as defined in Section 2).
DATE]Release Agreement • December 19th, 2008 • Ust Inc • Tobacco products • Delaware
International Wine & Spirits Ltd. (“the Company”), a wholly owned subsidiary of UST Inc. (“UST”), is pleased to provide you with this letter agreement (the "Agreement"). The Board of Directors of UST (the "Board of Directors" or the "Board") considers it essential to the best interests of the Company and the interests of UST's stockholders to foster the continuous employment of key management personnel. In addition, the Board recognizes that, as is the case with many publicly held corporations, the possibility of a change in control of UST may exist, and that the uncertainty and questions which may arise among Company management as a result of the foregoing may cause the departure or distraction of Company management personnel to the detriment of the Company and of UST and its stockholders.
