Separation Agreement and Mutual General Release and WaiverSeparation Agreement • October 30th, 2014 • GNC Holdings, Inc. • Retail-food stores • Pennsylvania
THIS SEPARATION AGREEMENT AND MUTUAL GENERAL RELEASE AND WAIVER (this “Release”) is entered into as of the date this Release is executed by Thomas Dowd (the “Executive”), as set forth on the signature page attached to this Release, in favor of GNC Holdings, Inc., a Delaware corporation (“Holdings”) and General Nutrition Centers, Inc., a Delaware corporation (the “Company,” and together with Holdings, referred to herein as “GNC”), and, effective as of the Release Effective Date (as defined below), by GNC in favor of the Executive and the Releasors (as defined below). Unless otherwise expressly stated in this Release, all capitalized terms used in this Release but not otherwise defined shall have the meaning set forth in that certain Employment Agreement, dated as of February 29, 2012, by and between the Company and the Executive (the “Employment Agreement”), and for the avoidance of doubt, this Release constitutes the “Release” defined in Section 4.3(d) of the Employment Agreement.
Mutual General Release and WaiverMutual General Release and Waiver • October 30th, 2014 • GNC Holdings, Inc. • Retail-food stores • Pennsylvania
THIS MUTUAL GENERAL RELEASE AND WAIVER (this “Release”) is entered into effective as of August 12, 2014, by Joseph M. Fortunato (the “Executive”) in favor of GNC Acquisition Holdings, Inc. (“Holdings”) and General Nutrition Centers, Inc. (“Centers,” and together with Holdings, referred to herein as “GNC”), and, as of the Release Effective Date (as defined below), by GNC in favor of the Executive and the Releasors (as defined below).
