RESIGNATION AND SEVERANCE AGREEMENTSeverance Agreement • November 13th, 2006 • Maine & Maritimes Corp • Electric services • Maine
This Agreement is made and entered into as of August 17, 2006, by and between James Nicholas Bayne, a resident of Presque Isle, Maine (“Bayne”), and Maine & Maritimes Corporation, a Maine corporation, with its principal place of business in Presque Isle, Maine (the “Company”). The term Company shall also include all direct and indirect wholly owned subsidiaries of the Company and all other entities in which the Company or any of its direct or indirect subsidiaries has an ownership interest. The Company and Bayne shall be referred to collectively herein as the “Parties”.
