PHH CORPORATION EXECUTIVE SEVERANCE AGREEMENTSeverance Agreement • June 13th, 2007 • PHH Corp • Miscellaneous business credit institution • Maryland
This AGREEMENT (“Agreement”) is made and entered into effective as of ____________, 2007, by and between ________________ (“Executive”) and PHH Corporation, a Maryland corporation (the “Company”).
Form of PHH Corporation Retention Agreement for Certain Executive Officers as approved by the PHH Corporation Compensation Committee on June 7, 2007. (Personally Presented) Dear ______:Retention Agreement • June 13th, 2007 • PHH Corp • Miscellaneous business credit institution • Maryland
This document outlines the administrative guidelines associated with a retention bonus that PHH is providing to you (the “Special Retention Bonus”). In this document, “PHH” means PHH Corporation, its current and future owners, and subsidiaries. The Special Retention Bonus is contingent upon your continued compliance with the terms and conditions set forth herein. Additionally, in order to be eligible to receive the Special Retention Bonus, you must agree to the terms and conditions in this letter agreement by signing it and returning it to Heather Dalton no later than _____, 2007.
