HILTON GRAND VACATIONS INC. SEVERANCE AGREEMENTSeverance Agreement • April 17th, 2017 • Hilton Grand Vacations Inc. • Hotels, rooming houses, camps & other lodging places • Delaware
THIS SEVERANCE AGREEMENT (the “Agreement”) is entered into effective as of April 17, 2017 (the “Effective Date”), by and between HILTON GRAND VACATIONS INC., a Delaware corporation (the “Company”), and Stan R. Soroka (the “Executive”).
April 17, 2017 Mr. Mark D. Wang Orlando, FL 32819 Dear Mark:Hilton Grand Vacations Inc. • April 17th, 2017 • Hotels, rooming houses, camps & other lodging places • Delaware
In connection with the establishment of Hilton Grand Vacations Inc. (“HGV”) as an independent public company following its spin-off from Hilton Worldwide Holdings Inc., the Compensation Committee (the “Compensation Committee”) of the Board of Directors (the “Board”) of HGV has determined that it would be appropriate to formalize certain terms and conditions of your employment with HGV through the terms and conditions of this employment letter agreement (the “Letter Agreement”), which Letter Agreement will be effective as of the date stated above (the “Effective Date”). As the Chairman of the Compensation Committee, I am pleased to extend to you the offer to continue your employment with HGV on the terms and conditions stated in this Letter Agreement.
