Exhibit 10.7 AT-WILL EMPLOYMENT AND SEVERENCE AGREEMENT THIS AT-WILL EMPLOYMENT AND SEVERANCE AGREEMENT (hereinafter referred to as the "Agreement") is effective August 1, 2007, by and among Meadowbrook, Inc., Meadowbrook Insurance Group, Inc.,...At-Will Employment and Severance Agreement • August 9th, 2007 • Meadowbrook Insurance Group Inc • Fire, marine & casualty insurance • Michigan
Re: "At-Will" Employment and Severance Letter AgreementAt-Will Employment and Severance Agreement • April 16th, 2014 • BakerCorp International, Inc. • Services-equipment rental & leasing, nec • Delaware
This letter agreement ("Agreement") sets forth the terms under which, following consummation of the acquisition of all of the issued and outstanding stock of FTT Holdings, Inc. ("FTT"), which owns all of the issued and outstanding stock of Baker Tanks, Inc. (the "Company"), by LY BT! Holdings Corp. ("Holdings") pursuant to that certain Exchange and Securities Purchase Agreement, by and among Holdings, FTT and the Security Holders of FTT, dated as of the date hereof (the "Purchase Agreement"), David lgata, an individual resident of the State of California ("Executive") agrees, among other things, to (i) continue to be employed on an "at-will" basis by the Company, and (ii) receive severance benefits in certain circumstances, as specified in this Agreement. Notwithstanding anything contained herein to the contrary, this Agreement shall only become effective upon the closing of the transactions contemplated under the Purchase Agreement.
