0001140361-13-043344 Sample Contracts

SEVERANCE BENEFITS AGREEMENT
Severance Benefits Agreement • November 18th, 2013 • Active Power Inc • Electric services • Texas

THIS SEVERANCE BENEFITS AGREEMENT (the “Agreement”) is made as of the 25th day of September, 2013 between Active Power, Inc., (the “Company”), and Mark A. Ascolese, an individual resident of Raleigh, North Carolina (“Employee”). Employee and the Company are collectively referred to herein as the “Parties.”

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SEPARATION AGREEMENT AND RELEASE
Separation Agreement and Release • November 18th, 2013 • Active Power Inc • Electric services • Texas

This Separation Agreement and Release (“Agreement”) is made by and between Martin Olsen (“Employee”) and Active Power, Inc. (the “Company”) (collectively referred to as the “Parties” or individually referred to as a “Party”).

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