Executive Severance Plan Sample Contracts

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AGREEMENT
Executive Severance Plan • March 26th, 1999 • Suntrust Banks Inc • National commercial banks • Virginia
Appendix A to Executive Severance Plan
Executive Severance Plan • December 21st, 2001 • Infinium Software Inc • Services-computer integrated systems design
Smart & Final Inc. 2009 Executive Severance Plan
Executive Severance Plan • March 17th, 2017 • Smart & Final Stores, Inc. • Retail-grocery stores • California

The purpose of this Smart & Final Inc. 2009 Executive Severance Plan (the “Plan”) is to enable Smart & Final Inc. and its affiliates (the “Company”) to offer a form of protection to the officers and other key employees of the Company in the event their employment with the Company terminates.

POLYCOM, INC. EXECUTIVE SEVERANCE PLAN RELEASE OF CLAIMS
Executive Severance Plan • November 2nd, 2010 • Polycom Inc • Telephone & telegraph apparatus • Massachusetts

This Release of Claims (the “Release”) is made by and between Geno J. Alissi (“Executive”) and Polycom, Inc., a Delaware Corporation (the “Company”) (collectively referred to as the “Parties”).

MATTEL, INC. AMENDED AND RESTATED EXECUTIVE SEVERANCE PLAN B Form Letter Agreement [Mattel, Inc. Letterhead]
Executive Severance Plan • March 24th, 2023 • Mattel Inc /De/ • Dolls & stuffed toys

This letter agreement (“Letter Agreement”) relates to the Mattel, Inc. Amended and Restated Executive Severance Plan B (the “Plan”).

JLG INDUSTRIES, INC. EXECUTIVE SEVERANCE PLAN As Amended and Restated Effective October 15, 2006
Executive Severance Plan • November 14th, 2008 • Oshkosh Corp • Motor vehicles & passenger car bodies • Pennsylvania
Re: The Mattel, Inc. Executive Severance Plan B
Executive Severance Plan • October 3rd, 2017 • Mattel Inc /De/ • Dolls & stuffed toys

Through this Letter Agreement, you are being offered the opportunity to become a participant in the Plan (a “Participant”), and thereby to be eligible to receive the severance benefits set forth therein, as modified below (the “Modifications”). The terms not defined in this Letter Agreement but beginning with a capital letter shall have the meaning assigned to them in the Plan. The day you start employment with Mattel shall be your “Eligibility Date” for purposes of the Plan.

Contract
Executive Severance Plan • December 9th, 2011

than physical or mental illness) after reasonable notice of that failure; (b) misconduct that materially injures the Company or any subsidiary or affiliate; (c) conviction of, or entering into a plea of nolo contendere to, a felony; or

The Principal Financial Group, Inc. Executive Severance Plan Effective September 1, 2021
Executive Severance Plan • October 28th, 2021 • Principal Financial Group Inc • Accident & health insurance

This document does not constitute an agreement by your employer to continue to maintain the Plan, or any provision of the Plan, and is not a guarantee of future benefits. The Plan may be amended or terminated at any time. This document is not an employment contract and does not change the nature of at-will employment. Employment may be terminated by you or your employer at any time and for any reason.

Smart & Final Stores, Inc. 2018 Executive Severance Plan
Executive Severance Plan • May 14th, 2018 • Smart & Final Stores, Inc. • Retail-grocery stores • California

The purpose of this Smart & Final Stores, Inc. 2018 Executive Severance Plan (the “Plan”) is to enable the Company to offer a form of protection to selected key employees of the Company in the event their employment with the Company terminates.

Contract
Executive Severance Plan • January 10th, 2017
RAYONIER ADVANCED MATERIALS INC. NON CHANGE IN CONTROL EXECUTIVE SEVERANCE PLAN Effective as of March 1, 2016
Executive Severance Plan • February 26th, 2016 • Rayonier Advanced Materials Inc. • Plastic material, synth resin/rubber, cellulos (no glass) • Florida

This Rayonier Advanced Materials Inc. (the “Company”) Non Change in Control Executive Severance Plan (this “Plan”) provides for the payment of severance to eligible employees whose employment is involuntarily terminated without cause under the circumstances set forth in this Plan.

BIG LOTS EXECUTIVE SEVERANCE PLAN AND SUMMARY PLAN DESCRIPTION ACKNOWLEDGEMENT & AGREEMENT
Executive Severance Plan • September 4th, 2014 • Big Lots Inc • Retail-variety stores

The undersigned employee (the “Employee”) of a subsidiary or an affiliate of Big Lots, Inc. (the “Employer”), in consideration for being offered eligibility to participate in the Big Lots Executive Severance Plan (the “Plan”) and Summary Plan Description, hereby acknowledges and agrees that:

POLYCOM, INC. EXECUTIVE SEVERANCE PLAN RELEASE OF CLAIMS
Executive Severance Plan • May 1st, 2014 • Polycom Inc • Telephone & telegraph apparatus • California

This Release of Claims (the “Release”) is made by and between Eric F. Brown (“Executive”) and Polycom, Inc., a Delaware corporation (the “Company”) (collectively referred to as the “Parties”).

SUMMIT MATERIALS, INC. EXECUTIVE SEVERANCE PLAN
Executive Severance Plan • May 4th, 2023 • Summit Materials, LLC • Mining & quarrying of nonmetallic minerals (no fuels)

Reference is made herein to my Participation Notice and Agreement (the “Agreement”), dated as of July 20, 2020, under the Summit Materials, Inc. Executive Severance Plan (as amended from time to time, the “Plan”). Capitalized terms used but not defined in this Amendment to Participation Notice and Agreement (this “Amendment”) shall have the meanings given to such terms in the Plan.

MATTEL, INC. AMENDED AND RESTATED EXECUTIVE SEVERANCE PLAN B Form Letter Agreement [Mattel, Inc. Letterhead]
Executive Severance Plan • March 24th, 2023 • Mattel Inc /De/ • Dolls & stuffed toys

This letter agreement (“Letter Agreement”) relates to the Mattel, Inc. Amended and Restated Executive Severance Plan B (the “Plan”).

Exhibit A SUMMIT MATERIALS, INC. EXECUTIVE SEVERANCE PLAN
Executive Severance Plan • May 4th, 2023 • Summit Materials, LLC • Mining & quarrying of nonmetallic minerals (no fuels)

Qualifying Termination / Qualifying Change in Control Termination Severance Multiple: 2x Welfare Continuation Period: 24 months Severance Payment Period: 24 months

Exhibit B
Executive Severance Plan • June 23rd, 2020 • Mattel Inc /De/ • Dolls & stuffed toys • California
Exhibit A SUMMIT MATERIALS, INC. EXECUTIVE SEVERANCE PLAN
Executive Severance Plan • August 5th, 2021 • Summit Materials, LLC • Mining & quarrying of nonmetallic minerals (no fuels)

Qualifying Termination / Qualifying Change in Control Termination Severance Multiple: Tier 1: 2.5xTier 2: 2x Welfare Continuation Period: Tier 1: 30 monthsTier 2: 24 months Severance Payment Period: Tier 1: 30 monthsTier 2: 24 months

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JLG INDUSTRIES, INC. EXECUTIVE SEVERANCE PLAN As Amended and Restated Effective October 15, 2006
Executive Severance Plan • October 17th, 2006 • JLG Industries Inc • Construction machinery & equip • Pennsylvania

The Company first established the Plan for eligible executives on June 1, 1995. The Plan was originally intended to replace the severance benefits that participants had under certain individual agreements (customarily denominated a “Deferred Compensation Benefit Agreement”) with the Company that provided for unfunded deferred compensation benefits and certain other benefits. Since the Plan was first adopted on June 1, 1995, it has been amended and restated several times.

CENTURYLINK EXECUTIVE SEVERANCE PLAN
Executive Severance Plan • February 24th, 2015 • Centurylink, Inc • Telephone communications (no radiotelephone) • Colorado
Exhibit No. Exhibit Description
Executive Severance Plan • February 16th, 2017
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