SEPARATION AGREEMENTSeparation Agreement • April 19th, 2005 • Trizec Properties Inc • Operators of nonresidential buildings • Illinois
THIS SEPARATION AGREEMENT, dated April 14, 2005 (the “Agreement”), is entered into by and between Trizec Properties, Inc., a Delaware corporation (the “Company”), and Michael J. Escalante (the “Executive”). The “Effective Date” of this Agreement shall be the day after the Revocation Period (as defined below) expires. However, if the Executive revokes this Agreement during the Revocation Period, this Agreement shall not become effective and none of its terms will be binding on or enforceable by any party.
