EXECUTIVE SEVERANCE AGREEMENTExecutive Severance Agreement • June 8th, 2020 • Plantronics Inc /Ca/ • Telephone & telegraph apparatus • California
This Executive Severance Agreement (this “Agreement”) is made and entered into by and between Tom Puorro (“Executive”) and Plantronics, Inc., a Delaware corporation (the “Company”), effective as of May 14, 2019 (the “Effective Date”).
Re: Severance Agreement and ReleasePlantronics Inc /Ca/ • June 8th, 2020 • Telephone & telegraph apparatus • California
This Letter Agreement summarizes the terms of your separation from the Company and release between you and the Company. The purpose of this Letter Agreement is to establish an amicable arrangement for ending your employment relationship, for you to release the Company of any claims and to resolve any disputes you may have with the Company regarding your employment or separation from that employment, and to permit you to receive severance pay and related benefits to the extent specified below. With these understandings, and in exchange for the promises of you and the Company as set forth below, you and the Company agree as follows:
February 17, 2020Letter Agreement • June 8th, 2020 • Plantronics Inc /Ca/ • Telephone & telegraph apparatus
This letter agreement (the "Agreement") is entered into between you and Plantronics, Inc., now branded as Poly (the "Company") effective as of February 10, 2020 (the "Effective Date"), to confirm the terms of your employment with the Company as of the Effective Date. This Agreement supersedes and replaces any an all employment terms, compensation, or benefits you may have had or to which you may have been entitled prior to the effective date. Unless agreed to in writing by you and the Company, this Agreement and your employment with the Company will terminate on the date that a permanent Chief Executive Officer of the Company commences employment with the Company (the date of your actual termination of employment, the "Separation Date"). For the avoidance of doubt, the expectation is that following the Separation Date that you would continue to serve as a member of the Company's Board of Directors (the "Board")
