SEVERANCE ARRANGEMENTSeverance Arrangement • November 18th, 2013 • Global Power Equipment Group Inc. • Fabricated plate work (boiler shops) • Texas
This SEVERANCE ARRANGEMENT (“Arrangement”) is effective as of the [18th] day of November, 2013 (the “Effective Date”), between Global Power Equipment Group Inc. (the “Company”) and Raymond K. Guba (“Executive”). In consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
