Cessation of Employment Agreement Sample Contracts

CONFIDENTIAL-SPECIAL HANDLING November 21, 2005 William A. Owens Vice Chairman and Chief Executive Officer Nortel Networks Corporation and Nortel Networks Limited 8200 Dixie Road, Suite 100 Brampton, Ontario L6T 5P6 Dear Bill:
Cessation of Employment Agreement • May 1st, 2006 • Nortel Networks LTD • Telephone & telegraph apparatus

This letter (“Agreement”) records the arrangements between you and Nortel Networks (the “Corporation”) concerning the cessation of your employment. The arrangements are as follows:

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CONFIDENTIAL-SPECIAL HANDLING November 27, 2008 Mr. William Nelson Hopkinton, MA USA 01748 Dear Bill:
Cessation of Employment Agreement • March 2nd, 2009 • Nortel Networks Corp • Telephone & telegraph apparatus

This letter (“Agreement”) records the arrangements between you and Nortel Networks Inc. concerning the cessation of your employment. The arrangements are as follows:

March 9, 2012
Cessation of Employment Agreement • March 15th, 2012 • Dial Global, Inc. /De/ • Radio broadcasting stations • New York

This letter confirms our mutual agreement (“Agreement”) regarding the cessation of your employment at Dial Global, Inc. (previously Westwood One, Inc.) and its subsidiaries (the “Company” or “DG”). Capitalized terms used but not defined herein shall have the meaning set forth in your employment agreement with Westwood One, Inc. effective as of October 14, 2004 (as amended, supplemented or restated to date, the “Employment Agreement”). For purposes hereof, “Related Entity” or “Related Entities” means all subsidiaries of the Company as of the date hereof, including any entity that directly or indirectly controls (as such term is defined in the Employment Agreement), is controlled by, or is under common control with the Company.

July 27, 2007 VIA ELECTRONIC TRANSMISSION
Cessation of Employment Agreement • November 7th, 2007 • Nortel Networks Corp • Telephone & telegraph apparatus

This letter (“Agreement”) records the arrangements between you and Nortel Networks Inc. concerning the cessation of your employment. The arrangements are as follows:

February 19, 2008 PERSONAL & CONFIDENTIAL Mr. Mike Tattersfield 9016 Tartan Fields Drive Dublin, Ohio 43017 Dear Mike:
Cessation of Employment Agreement • February 22nd, 2008 • Lululemon Athletica Inc. • Apparel & other finishd prods of fabrics & similar matl

This will confirm our mutual agreement to end your employment relationship with lululemon athletica inc. (the “Company”) on the following terms and conditions:

CONFIDENTIAL-SPECIAL HANDLING September 18, 2007 VIA ELECTONIC TRANSMISSION Mr. Steve Slattery Allen, TX 75013
Cessation of Employment Agreement • August 1st, 2008 • Nortel Networks LTD • Telephone & telegraph apparatus

This letter (“Agreement”) records the arrangements between you and Nortel Networks Inc. concerning the cessation of your employment. The arrangements are as follows:

VEREIT, Inc. Phoenix, AZ 85016
Cessation of Employment Agreement • February 22nd, 2018 • VEREIT Operating Partnership, L.P. • Real estate investment trusts

This letter confirms our mutual understanding relating to the cessation of your employment with VEREIT, Inc. (“VEREIT”) and the transfer of such employment to the CIM Group (“CIM”) in connection with a Purchase and Sale Agreement, dated as of November 13, 2017, pursuant to which a wholly owned subsidiary of VEREIT agreed to sell its Cole Capital business to an affiliate of the CIM Group, and certain rights and obligations under your Employment Agreement with VEREIT dated as of February 23, 2016, as amended on February 22, 2017 (the “Employment Agreement”), and under various Restricted Stock Unit Award Agreements with VEREIT. Capitalized terms in this letter have the meanings set forth in the Employment Agreement.

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