Common Contracts
2 similar Special Severance Payment Agreement contracts by Genworth Mortgage Holdings, Inc.
SPECIAL SEVERANCE PAYMENT AGREEMENTSpecial Severance Payment Agreement • April 27th, 2021 • Genworth Mortgage Holdings, Inc. • Insurance agents, brokers & service
Purpose: The purpose of this Special Severance Payment Agreement (the “Payment Agreement”) is to ensure that certain key contributors employed by Genworth Financial, Inc. (together with its affiliates, the “Company”) receive additional payment(s) in the event their employment with the Company is terminated during a certain Payment Period under circumstances which would entitle them to receive severance pay and layoff benefits under the Genworth Financial, Inc. Layoff Payment Plan (the “Plan”). This Payment Agreement is being awarded in recognition of the significant role you will have during that Payment Period. Name: Evan Stolove Payment Period: The “Payment Period” begins on the effective date of this Payment Agreement and ends on December 31, 2021. If your employment with the Company is terminated for any reason at any time preceding the start, or following the conclusion, of the Payment Period you will not be eligible to receive the Payments. Payment Amount: In the event your emplo
AMENDMENT NO. 1 TO SPECIAL SEVERANCE PAYMENT AGREEMENT]Special Severance Payment Agreement • April 27th, 2021 • Genworth Mortgage Holdings, Inc. • Insurance agents, brokers & service
THIS AMENDMENT NO. 1 (“Amendment”) is attached to and made a part of the Special Severance Payment Agreement executed on or about January 3, 2021 (the “Payment Agreement”), by and between GENWORTH FINANCIAL, INC. and its affiliates (collectively, the “Company”) and Evan Stolove (the “Employee”). All capitalized terms not defined herein shall have the meanings ascribed to them in the Payment Agreement.
