SEPARATION AGREEMENT AND GENERAL RELEASESeparation Agreement and General Release • November 17th, 2023 • PERDOCEO EDUCATION Corp • Services-educational services • Illinois
This Separation Agreement and General Release (“Agreement”) is made and entered into by and between CEC Employee Group, LLC (“CEC”) and Perdoceo Education Corporation (“Perdoceo” and together with CEC, the “Company”) and you, Andrew Hurst (“You”).
November 16, 2023 Via Electronic Mail Mr. Todd S. Nelson Perdoceo Education Corporation Schaumburg, Illinois 60173 Dear Todd:PERDOCEO EDUCATION Corp • November 17th, 2023 • Services-educational services • Illinois
On behalf of Perdoceo Education Corporation (the “Company”), I am pleased to confirm our agreement to transition your employment by the Company with effect as of November 16, 2023 (the “Effective Date”), as of which date you will serve as an officer of the Company in the capacity as the Company’s Chief Executive Officer and President and will no longer serve as Executive Chairman of the Company. You had previously entered into (i) a letter agreement dated July 30, 2015 pursuant to which you accepted the position of Chief Executive Officer and President (the “Original Letter”) and (ii) an amended and restated letter agreement dated January 19, 2022 pursuant to which you transitioned from the position of Chief Executive Officer and President to Executive Chairman (the “Amended and Restated Letter Agreement”). This letter agreement will replace the Amended and Restated Letter Agreement in its entirety as of the Effective Date. Your employment with the Company for the period commencing on
