AGREEMENTSeverance Agreement • December 23rd, 2009 • Terra Nova Financial Group Inc • Security brokers, dealers & flotation companies • Illinois
This Agreement witnesses that the parties hereto, Terra Nova Financial Group, Inc., an Illinois corporation for itself, its subsidiaries and affiliate companies (collectively, "Terra Nova") and Michael G. Nolan, an individual ("Employee") do agree that: WHEREAS, Terra Nova employs Employee, and; WHEREAS, Terra Nova has determined to end Employee's employment, and; WHEREAS Terra Nova and Employee wish to provide for an orderly transition in their affairs; Now, therefore, in consideration of the mutual covenants contained herein, the parties do hereby contract and agree as follows: 1. Termination. The parties acknowledge and agree that Employee has ceased his responsibilities and authority as an employee of Terra Nova as of 30 November 2009, but that Terra Nova shall record in its books and records that Employee's last date of employment with Terra Nova is December 15, 2009 (the, "Separation Date"). 2. Severance. Terra Nova shall provide Employee with semi-monthly payme
