SEPARATION AND GENERAL RELEASE AGREEMENTSeparation and General Release Agreement • August 17th, 2010 • American Water Works Company, Inc. • Water supply • New Jersey
This Separation and General Release Agreement (the “Agreement”) is made and entered into this 15th day of August, 2010, by and between Donald L. Correll (“Correll”) and American Water Works Company, Inc., a Delaware corporation (the “Parent,” and together with its related entities and affiliates, the “Company”). In this Agreement, “Releasees” refers to the Company and its past, present, and future parents, divisions, subsidiaries, and affiliates, predecessors, successors and assigns, and their past, present, and future directors, members, partners, officers, shareholders, employees, agents, servants, attorneys, and representatives.
Re: Employment AgreementAmerican Water Works Company, Inc. • August 17th, 2010 • Water supply
On behalf of American Water Works Company, Inc. (the “Company”), I am pleased to advise you that you have been elected President and Chief Executive Officer of the Company and have been appointed to the Board of Directors of the Company. As President and Chief Executive Officer of the Company, you shall have the authority to control the day-to-day operations of the Company and its corporate strategy, subject to the Company’s Bylaws and Delegation of Authority and to the directions and decisions of the Company’s Board of Directors. The following are the terms and conditions of your employment as the Company’s President and Chief Executive Officer:
