SeaBright Holdings, Inc.Separation Agreement • February 1st, 2013 • SeaBright Holdings, Inc. • Fire, marine & casualty insurance • Washington
This letter agreement (this “Letter Agreement”) will confirm our understanding with regard to your termination of employment with SeaBright Holdings, Inc. (together with its subsidiaries, the “Company”) and any of its subsidiaries. You have advised the Company of your desire to resign voluntarily, and the Company has agreed to accept your resignation and, in exchange for the promises contained in this Letter Agreement (including the restrictive covenants and your execution of a general release of claims as provided in the form attached hereto as Exhibit A), the Company is willing to provide and you are willing to accept the severance payments and benefits described herein.
