EXHIBIT 10.1 SEPARATION AGREEMENT This Separation Agreement (this "Agreement") by and between Snap-on Incorporated, a Delaware corporation (the "Company"), and Dale F. Elliott (the "Executive"), is entered into effective as of November [13], 2004 (the...Separation Agreement • November 15th, 2004 • Snap on Inc • Cutlery, handtools & general hardware • Wisconsin
APPENDIX A MUTUAL RELEASE -------------- (a) Dale F. Elliott ("Releasor"), for and in consideration of the release set forth in paragraph (d) below and the payment of the lump sum amount provided pursuant to Section 3 (b) of the Separation Agreement...Mutual Release • November 15th, 2004 • Snap on Inc • Cutlery, handtools & general hardware
