Standard Contracts
July 6, 2011Severance Agreement • July 7th, 2011 • Watts Water Technologies Inc • Miscellaneous fabricated metal products • Massachusetts
This letter agreement confirms your resignation of your employment with Watts Water Technologies, Inc. and all of its subsidiaries (including, in particular, its Asia/China subsidiaries) (collectively, the “Company”) on August 31, 2011, and your resignation from any and all other offices or positions you officially or unofficially hold with respect to any divisions or business units of the Company. In connection with your resignation, the Company is offering to provide you a severance benefit and retention bonus to transition certain functions, if you satisfy the eligibility requirements described in the “Description of Severance Benefits” attached to this letter agreement as Attachment A. These requirements include your signing and returning, but not revoking, this letter agreement to Kenneth R. Lepage by July 29, 2011, and signing and returning, but not revoking, the Release of Claims at Attachment B no earlier than on August 31, 2011, 2011, but no later than on September 21, 2011. B
