0001104659-08-006922 Sample Contracts

SEVERANCE AND GENERAL RELEASE AGREEMENT

Severance and General Release Agreement • February 4th, 2008 • Heelys, Inc. • Footwear, (no rubber) • Texas

• Contract Type
  Severance and General Release Agreement
• Filed
  February 4th, 2008
• Company
  Heelys, Inc.
• Industry
  Footwear, (no rubber)
• Jurisdiction
  Texas

This Severance and General Release Agreement (“Agreement”) is made and entered into effective as of February 1, 2008 (the “Effective Date”) by and between the following Parties: (i) Heeling Sports Limited, a Texas limited partnership (the “Company”) and (ii) Michael G. Staffaroni (the “Employee”). The Company and the Employee are collectively referred to herein as the “Parties.”