EMPLOYMENT, NON-COMPETITION, AND SEVERANCE AGREEMENT BETWEEN GOLDEN OVAL EGGS, LLC AND THOMAS A. POWELLEmployment, Non-Competition, and Severance Agreement • August 8th, 2007 • Golden Oval Eggs LLC • Food and kindred products • Minnesota
This Employment, Non-Competition, and Severance Agreement (this “Agreement”), effective for employment as of August 1, 2007 is entered into by and between Golden Oval Eggs, LLC, a Delaware limited liability company (“Company”) and Thomas A. Powell (“CFO”) and supersedes and replaces any prior oral or written agreement for employment between Midwest Investors of Renville, Inc. d/b/a Golden Oval Eggs (predecessor to the Company for Golden Oval Eggs, LLC) and Thomas A. Powell (CFO). The Company and CFO agree that any prior employment agreement terminates by mutual agreement on the effective date of this Agreement. Employment on and after the effective date of this Agreement is governed by and subject to this Agreement.
