SEVERANCE AGREEMENTSeverance Agreement • November 17th, 2008 • Gramercy Capital Corp • Real estate investment trusts • New York
This SEVERANCE AGREEMENT (“Agreement”) is made as of the 13th day of November, 2008, between Timothy O’Connor (“Executive”) and Gramercy Capital Corp., a Maryland corporation (“Gramercy”), to be effective as of November 13, 2008 (the “Effective Date”). This Agreement is being entered into in connection with the Employment and Noncompetition Agreement, dated as of the date hereof, by and between GKK Manager LLC (the “Manager”) and Executive (as amended or superseded from time to time, the “Employment Agreement”).
