AMENDED AND RESTATED EXECUTIVE SEVERANCE AGREEMENT December , 2008Executive Severance Agreement • March 10th, 2009 • McCormick & Schmicks Seafood Restaurants Inc. • Retail-eating places • Oregon
The Company considers the attraction and retention of highly qualified management personnel to be essential to promoting the best interests of the Company and its shareholders. In this connection, the Company recognizes that, as is the case of many publicly held corporations, the possibility of a change of control exists and this possibility, and the uncertainty and questions which it may raise among management, may result in the departure or distraction of management personnel to the detriment of the Company and its shareholders. To induce Executive to remain employed by the Company in the face of uncertainties about the long-term strategies of the Company and possible change of control of the Company and their potential impact on Executive’s position with the Company, this Agreement, which has been approved by the Board of Directors of the Company, sets forth the severance benefits that the Company will provide to Executive if Executive’s employment by the Company is terminated in th
McCORMICK & SCHMICK’S SEAFOOD RESTAURANTS, INC. EMPLOYMENT AGREEMENTEmployment Agreement • March 10th, 2009 • McCormick & Schmicks Seafood Restaurants Inc. • Retail-eating places • Oregon
In consideration of the mutual covenants contained in this Agreement, and other good and valuable consideration, the Company and Executive agree as follows.
