Re: Confidential Separation Agreement and Release of All ClaimsWorld Acceptance Corp • November 20th, 2013 • Personal credit institutions • South Carolina
As we have discussed, your termination of employment as President and Chief Operating Officer of World Acceptance Corporation (“World Acceptance” or “Company”) is effective immediately (“Termination Date”). You will be paid your current salary, state, and federal income tax withholding, and other deductions which are currently being made through November 1, 2013. You will be paid for accrued and unused vacation accrued as of the Termination Date. You remain entitled to all stock options that have vested on or before the Termination Date, with an exercise date not later than one (1) year from the vesting of the stock options, but in no event later than the Option Exercise Date. Benefits end as of the Termination Date, except as provided by COBRA. A separate notice will be sent to you describing your health benefit continuation rights under COBRA.
