TRANSITION AGREEMENTTransition Agreement • February 12th, 2021 • Hudson Pacific Properties, L.P. • Real estate • California
This Transition Agreement (the “Agreement”) is entered into by and between Alexander Vouvalides (“Executive”), Hudson Pacific Properties, Inc. (the “Company”) and Hudson Pacific Properties, L.P. (the “Operating Partnership”), effective as of February 8, 2021 (the “Effective Date”). The purpose of this Agreement is to provide separation pay to ease Executive’s transition from the Company, to provide for the transition of Executive’s role with the Company from that of an employee of the Company to that of a non-employee consultant to the Company, effective as of the start of business on the Effective Date and to settle and resolve any and all disputes and controversies of any nature existing between Executive and the Company, including, but not limited to, any claims arising out of Executive’s employment with, and separation from, the Company.
