SEVERANCE AGREEMENT FOR EXECUTIVE OFFICERSeverance Agreement • February 21st, 2007 • Carmax Inc • Retail-auto dealers & gasoline stations • Virginia
THIS SEVERANCE AGREEMENT (“Agreement”) is made, entered into and is effective this February 14, 2007 (“Effective Date”) by and between CarMax, Inc., a Virginia corporation, and its affiliated companies (collectively, the “Company”), and Richard M. Smith (the “Executive”).
