0000950123-10-100014 Sample Contracts

FEDERAL SIGNAL CORPORATION RELEASE AND SEVERANCE AGREEMENT
Release and Severance Agreement • November 3rd, 2010 • Federal Signal Corp /De/ • Motor vehicles & passenger car bodies • Illinois

This Release and Severance Agreement (the “Agreement”) will confirm the understanding of Federal Signal Corporation and William H. Osborne (“Employee”) in connection with the termination of Employee’s employment with Federal Signal Corporation (the “Company”) and his resignation from the Company’s and any of its subsidiaries’ Boards of Directors. We have reached Agreement upon the following arrangements.

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