Executive Severance Compensation Agreement Sample Contracts

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EXECUTIVE SEVERANCE COMPENSATION AGREEMENT
Executive Severance Compensation Agreement • February 26th, 2010 • Axesstel Inc • Communications equipment, nec • California

This Executive Severance Compensation Agreement (“Agreement”) is made and entered into as of February 26, 2010 by and between Stephen Sek (“Executive”) and Axesstel, Inc., a Nevada corporation (“Axesstel”), with reference to the following facts:

WITNESSETH:
Executive Severance Compensation Agreement • May 14th, 2004 • Eurobancshares Inc • Puerto Rico
EXECUTIVE SEVERANCE COMPENSATION AGREEMENT
Executive Severance Compensation Agreement • March 8th, 2004 • Praxair Inc • Industrial inorganic chemicals • Connecticut

The Board of Directors (the “Board”) of Praxair, Inc. (“Praxair”) recognizes that the possibility of a Change in Control of Praxair exists, and the uncertainty and questions which it may raise among management may result in the departure or distraction of management personnel to the detriment of Praxair or its majority-owned subsidiaries incorporated in the United States (hereinafter to be referred to collectively as the “Company”).

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