0001193125-12-479711 Sample Contracts

SEPARATION AGREEMENT
Separation Agreement • November 23rd, 2012 • SPS Commerce Inc • Services-prepackaged software • Minnesota

THIS SEPARATION AGREEMENT (the “Agreement”) is made and entered into by and between SPS Commerce, Inc., LLC, a Delaware corporation (the “Company”), and Michael J. Gray (“Executive”), as of this 19th day of November, 2012.

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