0001166126-11-000067 Sample Contracts

Thomas M. Nealon Transition Agreement
Transition Agreement • November 17th, 2011 • J C Penney Co Inc • Retail-department stores • Texas

This transition agreement (this "Agreement") between J. C. Penney Company, Inc., a Delaware corporation, including its subsidiaries and affiliates (“jcpenney”), and Thomas M. Nealon (“You” or “Your”) will set forth our mutual understanding as to the rights and obligations of You and jcpenney in connection with the elimination of Your position, effective December 1, 2011.

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