Re: Severance Agreement and ReleaseWorld Energy Solutions, Inc. • June 12th, 2012 • Services-business services, nec • Massachusetts
This letter summarizes the terms of your separation from employment with World Energy Solutions, Inc. (the “Company”) as a result of your resignation from employment with the Company, your resignation as Chief Executive Officer, and your resignation as a member of the Board of Directors for the Company – each of which shall be effective as of June 6, 2012 (the “Resignation Date”). The purpose of this Severance Agreement and Release (the “Agreement”) is to establish an amicable arrangement for ending your employment relationship, to release the Company from any claims and to permit you to receive severance pay and related benefits. With these understandings and in exchange for the promises by you and the Company as set forth below, you and the Company agree as follows.
