0001162315-11-000016 Sample Contracts

SEVERANCE PLAN AND AGREEMENT
Severance Agreement • March 11th, 2011 • Ambassadors Group Inc • Services-educational services • Washington

THIS SEVERANCE PLAN AND AGREEMENT (this “Agreement”) is entered into as of March 9, 2011, by and between Ambassadors Group, Inc. (“AGI”) and Ambassador Programs, Inc. (“API”), on the one hand, and Margaret M. Thomas (the “Executive”), on the other hand. For purposes of this Agreement, AGI and API shall be referred to collectively as the “Company”.

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