WAIVER TO EXECUTIVE EMPLOYMENT AGREEMENT DATED AS OF JULY 1, 2012 (“AGREEMENT”)Executive Employment Agreement • April 15th, 2015 • TCP International Holdings Ltd. • Electric lighting & wiring equipment
This Waiver (“Waiver”) is entered into as of March 23, 2015 by and between Technical Consumer Products, Inc. (“TCP”) and Ellis Yan (“Executive”). Unless otherwise set out herein, capitalized terms have the same meaning as in the Agreement.
MUTUAL SEPARATION AGREEMENTMutual Separation Agreement • April 15th, 2015 • TCP International Holdings Ltd. • Electric lighting & wiring equipment • Ohio
This sets forth the terms of agreement on which Ellis Yan (“Yan”) will separate from his executive positions and employment at TCP International Holdings Ltd. (“TCPI”) and its subsidiaries and affiliates (the “Company”). The Company and Yan agree that an orderly transition is in the best interest of the Company and its shareholders. The Company and Yan, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound, hereby agree as follows.
