COMPROMISE AGREEMENT Pursuant to section 203 of the Employment Rights Act 1996Compromise Agreement • March 6th, 2008 • Chesapeake Corp /Va/ • Paperboard containers & boxes
The Executive’s employment with the Company will terminate on 31 August 2007 (the “Termination Date”) by reason of redundancy. Salary and benefits will be paid by the Company in the normal way up to the Termination Date but thereafter will cease. During the period from the date of this Agreement until the Termination Date the Executive shall be on garden leave in accordance with clause 20 of his contract of employment but shall remain available to provide the Company or any Associated Company with such assistance as it may reasonably require on a transitional basis other than on days on which he is on holiday as agreed with the Company.
