SEVERANCE AGREEMENTSeverance Agreement • July 31st, 2015 • Griffon Corp • Metal doors, sash, frames, moldings & trim • New York
THIS SEVERANCE AGREEMENT (this “Agreement”), made and entered into as of July 30, 2015 (the “Effective Date”), by and between Griffon Corporation, a Delaware corporation, with its principal executive office located at 712 Fifth Avenue, 18th Floor, New York, New York, 10019 (hereinafter, together with its subsidiaries, collectively referred to as the “Corporation”) and Brian G. Harris (hereinafter referred to as the “Executive”).
Griffon Corporation New York, NY 10019 June 1, 2015Letter Agreement • July 31st, 2015 • Griffon Corp • Metal doors, sash, frames, moldings & trim • New York
This letter agreement (this “Agreement”) (i) confirms your retirement, effective July 31, 2015 (the “Effective Date”), as an Executive Vice President and as the Chief Financial Officer of the Company and from all other positions that you hold with the Company, its subsidiaries and all committees of which you are a member (and you hereby resign from all such offices, positions and memberships effective July 31, 2015 and agree to promptly sign all documents and take such other actions that the Company deems necessary or desirable to give effect to such resignations); and (ii) sets forth the terms and conditions regarding the transition and consulting services you agree to provide to the Company following the Effective Date. This letter supersedes and replaces all obligations that the Company and/or any subsidiary thereof has to you with respect to your compensation and benefits commencing with the Effective Date.
