SEVERANCE PAY AGREEMENT FOR KEY EMPLOYEESeverance Pay Agreement • May 4th, 2009 • Asbury Automotive Group Inc • Retail-auto dealers & gasoline stations • New York
This agreement is entered into as of April 29, 2009 (the “Employment Date”), between Asbury Automotive Group, Inc. and its subsidiaries and affiliates (“Asbury” or the “Company”) and Michael Kearney (“Executive”), a key employee of Asbury, in order to provide for an agreed-upon compensation in the event of a Termination (as such term is defined in this Agreement) of Executive’s employment with Asbury (the “Agreement”).
SEVERANCE PAY AGREEMENT FOR KEY EMPLOYEESeverance Pay Agreement • May 4th, 2009 • Asbury Automotive Group Inc • Retail-auto dealers & gasoline stations • New York
Reference is made to that certain agreement entered into as of April 21, 2003, as amended on December 20, 2006, and November 14, 2007, (collectively the “Agreement”) between Asbury Automotive Group, Inc. and its subsidiaries and affiliates (“Asbury” or the “Company”) and Philip Johnson (“Executive”), a key employee of Asbury, which provides for an agreed-upon compensation in the event of a Termination (as such term is defined in this Agreement) of Executive’s employment with Asbury. The parties hereto agree to amend and restate such Agreement as hereinafter provided, as of April 29, 2009.
ContractReference • May 4th, 2009 • Asbury Automotive Group Inc • Retail-auto dealers & gasoline stations • New York
Reference is made to that certain agreement entered into as of May 9, 2008 (the “Agreement”) between Asbury Automotive Group, Inc. and its subsidiaries and affiliates (“Asbury” or the “Company”) and Craig Monaghan (“Executive”), a key employee of Asbury, which provides for an agreed-upon compensation in the event of a Termination (as such term is defined in this Agreement) of Executive’s employment with Asbury. The parties hereto agree to amend and restate such Agreement as hereinafter provided, as of April 29, 2009.
