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0001341004-09-002016 Sample Contracts

Standard Contracts

AMENDED AND RESTATED SEVERANCE AGREEMENT
Severance Agreement • October 6th, 2009 • Playboy Enterprises Inc • Cable & other pay television services • Delaware

THIS AMENDED AND RESTATED SEVERANCE AGREEMENT (this “Agreement”), dated as of September 1, 2008, is by and between Playboy Enterprises, Inc., a Delaware corporation (the “Company”), and ____________, (the “Executive”) and is, effective as of January 1, 2008, hereby amending, restating and superseding that prior Severance Agreement between the parties dated November 29, 2001, for compliance with Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”).