March 28, 2017General Release • March 30th, 2017 • Schweitzer Mauduit International Inc • Paper mills • Georgia
This Letter of Agreement will serve to confirm our agreement regarding the terms and conditions of your resignation from your employment with Schweitzer-Mauduit International, Inc. (the “Company”) (with the Company, collectively with its affiliates referred to herein as “SWMI”). You acknowledge that this Letter of Agreement, the Consulting Agreement, of even date herewith, between you and the Company (the “Consulting Agreement”), the Restricted Stock Agreement for Service – Based Shares-Tranche 2 for 8,317 shares of restricted stock and the Performance Award Agreement for 60,174 shares of restricted stock each with a Grant Date of February 24, 2016 and a Settlement Date of February 24, 2018 (the “Equity Agreements”), and the Confidential Information and Business Ideas, Inventions and Development Agreement, dated December 7, 2005 (the “NDA”), which shall continue to apply in all respects, constitute the entire agreement and understanding between SWMI and you (collectively, the “Agreemen
This letter sets forth the agreement (the “Agreement”) under which Frédéric VilloutreixSchweitzer Mauduit International Inc • March 30th, 2017 • Paper mills • Georgia
("you" or "Consultant") will provide services as a consultant to Schweitzer-Mauduit International, Inc. (the “Company”) and its affiliates. Notwithstanding anything to the contrary in this Agreement, this Agreement will not be effective unless you have remained employed by the Company through the date immediately preceding the Effective Date (as defined below) and have remained in compliance with your obligations to the Company and its affiliates under that certain Letter of Agreement between you and the Company of even date herewith (the “Letter of Agreement”).
