ContractSeparation Agreement • May 5th, 2020 • Texas
Contract Type FiledMay 5th, 2020 JurisdictionEX-10.3 4 frm-ex103x20150930xq3.htm EXHIBIT 10.3 EXHIBIT 10.3 EXECUTION VERSION SEPARATION AGREEMENT This Separation Agreement (this “Agreement”), dated November 1, 2015 is made and entered into by and between Joseph E. Milliron (the “Executive”) and Furmanite Corporation (the “Company”): WHEREAS, concurrently with the execution of this Agreement, the Company has entered into the Agreement and Plan of Merger (the “Merger Agreement”) dated as of November 1, 2015 by and among the Company, Team, Inc. (the “Acquirer”) and TFA, Inc. (“Merger Sub”), a wholly-owned subsidiary of the Acquirer, pursuant to which Merger Sub will be merged with and into the Company (the “Merger”) with the Company continuing as the surviving corporation and a wholly-owned subsidiary of the Acquirer. WHEREAS, the Executive will retire from employment with the Company effective as of immediately following the execution of the Merger Agreement by all parties thereto on November 1, 2015 (the “Retirement Date”). WHEREA
SEPARATION AGREEMENTSeparation Agreement • November 6th, 2015 • Furmanite Corp • Construction - special trade contractors • Texas
Contract Type FiledNovember 6th, 2015 Company Industry JurisdictionThis Separation Agreement (this “Agreement”), dated November 1, 2015 is made and entered into by and between Joseph E. Milliron (the “Executive”) and Furmanite Corporation (the “Company”):