Executive Restrictive Covenant and Severance Agreement Sample Contracts

EXECUTIVE RESTRICTIVE COVENANT AND SEVERANCE AGREEMENT
Executive Restrictive Covenant and Severance Agreement • November 16th, 2022 • Axalta Coating Systems Ltd. • Paints, varnishes, lacquers, enamels & allied prods • Pennsylvania

This Executive Restrictive Covenant and Severance Agreement (“Agreement”) is made effective as of January 1, 2023 (“Effective Date”), by and between Axalta Coating Systems Ltd., a Bermuda exempted limited liability company (the “Company” and as the context requires the Company shall include the Company’s subsidiaries), Axalta Coating Systems, LLC, a Delaware limited liability company (“Axalta U.S.”) and Chrishan Villavarayan (“Executive”) (collectively, referred to as the “Parties” or individually referred to as a “Party”).

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AMENDMENT TO SECOND AMENDED AND RESTATED EXECUTIVE RESTRICTIVE COVENANT AND SEVERANCE AGREEMENT
Executive Restrictive Covenant and Severance Agreement • October 25th, 2018 • Axalta Coating Systems Ltd. • Paints, varnishes, lacquers, enamels & allied prods

THIS AMENDMENT (“Amendment”) is made effective as of July 25, 2018 (the “Effective Date”) by and among Axalta Coating Systems Ltd., a Bermuda exempted limited liability company (the “Company” and as the context requires the Company shall include the Company’s subsidiaries), Axalta Coating Systems, LLC, a Delaware limited liability company, and Charles W. Shaver (“Executive”) (collectively, the “Parties”).

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