February 24, 2004Severance Agreement • May 6th, 2004 • Allmerica Financial Corp • Fire, marine & casualty insurance • Massachusetts
As a result of the decision by VeraVest Investments, Inc. to discontinue the sale of non-proprietary products, First Allmerica Financial Life Insurance Company (the “Company”) has concluded that your position will be eliminated. This is formal notice that your position will be eliminated on February 29, 2004 (the “Position Elimination Date”). This letter agreement is a mutually acceptable severance agreement which contains a release and waiver of any potential claim arising out of your employment relationship or the termination of your employment relationship (this Agreement is hereinafter referred to as the “Separation Agreement” or “Agreement”). It is important that you read and understand the following terms:
