GENERAL RELEASE OF ALL CLAIMSCustom Truck One Source, Inc. • May 26th, 2021 • Services-equipment rental & leasing, nec • Indiana
This General Release of All Claims (this “Agreement”) is entered into by and among Custom Truck One Source, Inc., a Delaware corporation (f/k/a NESCO Holdings, Inc., the “Company”), and Lee Jacobson (“Executive”), to take effect on the date of Executive’s signature below (unless expressly provided otherwise below). In consideration for and as a condition to receipt of the Severance Benefits (this and other capitalized terms not defined herein shall have the meanings assigned to them in the Employment Agreement among Executive and the Company dated as of February 26, 2014 (the “Employment Agreement”)), Executive and the Company agree as follows.
CUSTOM TRUCK ONE SOURCE, INC.Custom Truck One Source, Inc. • May 26th, 2021 • Services-equipment rental & leasing, nec
You and Custom Truck One Source, Inc. (f/k/a NESCO Holdings, Inc., the “Company”) are parties to that certain employment agreement, dated as of February 26, 2014 (the “Employment Agreement”), which sets forth the terms of your employment with the Company. As we have discussed, there may be some changes in roles and responsibilities at the Company as we progress and grow. In light of this, the Company would like to offer you the opportunity to amend your Employment Agreement to provide you more time to consider any changes that may be made to your role with the Company by extending the period within which you claim Good Reason (within the meaning of the Employment Agreement) resulting from any such changes.
CUSTOM TRUCK ONE SOURCE, INC.Custom Truck One Source, Inc. • May 26th, 2021 • Services-equipment rental & leasing, nec
You and Custom Truck One Source, Inc. (f/k/a NESCO Holdings, Inc., the “Company”) are parties to that certain employment agreement, dated as of May 13, 2019 (the “Employment Agreement”), which sets forth the terms of your employment with the Company. As we have discussed, there may be some changes in roles and responsibilities at the Company as we progress and grow. In light of this, the Company would like to offer you the opportunity to amend your Employment Agreement to provide you more time to consider any changes that may be made to your role with the Company by extending the period within which you claim Good Reason (within the meaning of the Employment Agreement) resulting from any such changes.
EMPLOYMENT TRANSITION AGREEMENTEmployment Transition Agreement • May 26th, 2021 • Custom Truck One Source, Inc. • Services-equipment rental & leasing, nec • Indiana
This EMPLOYMENT TRANSITION AGREEMENT (this “Agreement”) is made and entered into this May 20, 2021 (the “Effective Date”), by and between Custom Truck One Source, Inc. (f/k/a NESCO Holdings, Inc, the “Company”), and Joshua Boone (“Executive”).
