Separation Agreement and Release of ClaimsSeparation Agreement • August 5th, 2010 • Pacer International Inc • Arrangement of transportation of freight & cargo • California
This Settlement Agreement (the “Agreement”) is between Pacer International, Inc. and Peter K. Baumhefner (“you”) and memorializes our mutual agreement and understanding in connection with the termination of your employment with Pacer Stacktrain, Inc. (“Pacer”), and its Affiliates (as defined in Section 19 below) (collectively, the “Company”) and settlement and release of potential claims as noted below. This Agreement shall become effective as set forth in Section 4 below. Accordingly, in consideration of the mutual covenants and agreements contained in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Pacer and you hereby agree as follows:
