Common Contracts
2 similar Separation and Release Agreement contracts by Kosmos Energy Ltd.
SEPARATION AND RELEASE AGREEMENTSeparation and Release Agreement • May 11th, 2020 • Kosmos Energy Ltd. • Crude petroleum & natural gas • Texas
• Separation and Release Agreement and Severance Benefit: By this Separation and Release Agreement (the “Agreement”), Kosmos Energy, LLC (“Kosmos”) offers you (i) severance pay equal to $802,912.90, subject to applicable taxes and withholdings; and (ii) 18 months of paid outplacement services provided by a third-party provider selected by Kosmos in its sole discretion (collectively, the “Severance Benefit”). If you (i) timely sign without modification and do not revoke the Agreement, and (ii) return all Kosmos property in your possession, Kosmos will pay the Severance Benefit in a lump-sum within ten business days after the Effective Date (as defined below).
SEPARATION AND RELEASE AGREEMENTSeparation and Release Agreement • May 11th, 2020 • Kosmos Energy Ltd. • Crude petroleum & natural gas • Texas
• Separation and Release Agreement and Severance Benefit: By this Separation and Release Agreement (the “Agreement”), Kosmos Energy, LLC (“Kosmos”) offers you (i) severance pay equal to $201,186.84 subject to applicable taxes and withholdings; and (ii) 12 months of paid outplacement services provided by a third-party provider selected by Kosmos in its sole discretion (collectively, the “Severance Benefit”). If you (i) timely sign without modification and do not revoke the Agreement, and (ii) return all Kosmos property in your possession, Kosmos will pay the Severance Benefit in a lump-sum within ten business days after the Effective Date (as defined below). In accordance with your May 16, 2012 offer letter, and whether or not you sign the Agreement, Kosmos will pay you $674,081.73 less withholdings and payroll deductions as required by law, which represents one year of your current base annual salary, your 2019 target bonus, and the cash equivalent of 12 months of premiums for group-he
