ContractExecutive Termination Pay Agreement • May 5th, 2020 • Texas
EX-10.2 3 etpa.htm EXHIBIT Exhibit 10.2 EXECUTIVE TERMINATION PAY AGREEMENT MARVIN R. ELLISON This Executive Termination Pay Agreement (the “Agreement”), dated as of _______________, 2014 is between J.C. Penney Corporation, Inc. (“Corporation”) and the undersigned member of the Corporation’s Executive Board (the “Executive”). WHEREAS, in order to achieve its long-term objectives, the Corporation recognizes that it is essential to attract and retain superior executives to serve on its Executive Board; WHEREAS, in order to induce the Executive to serve in the Executive’s position with the Corporation, the Corporation desires to provide the Executive with the right to receive certain benefits in the event the Executive’s employment is terminated, on the terms and subject to the conditions hereinafter set forth; NOW, THEREFORE, in consideration of the promises and of the mutual covenants herein contained, it is agreed as follows:
ContractExecutive Termination Pay Agreement • May 5th, 2020 • Texas
EX-10.2 3 exhibitetpa.htm EXHIBIT 10.2 Exhibit 10.2 EXECUTION COPY EXECUTIVE TERMINATION PAY AGREEMENT JILL SOLTAU This Executive Termination Pay Agreement (the “Agreement”), dated as of September 29, 2018 is between J. C. Penney Corporation, Inc. (“Corporation”) and Jill Soltau, its Chief Executive Officer effective October 15, 2018, a member of the Corporation’s executive team (the “Executive”). For the avoidance of doubt, this Agreement shall be of no force and effect prior to commencement of Executive’s employment with the Corporation. WHEREAS, in order to achieve its long-term objectives, the Corporation recognizes that it is essential to attract and retain superior executives; WHEREAS, in order to induce the Executive to serve in the Executive’s position with the Corporation, the Corporation desires to provide the Executive with the right to receive certain benefits in the event the Executive experiences an Involuntary Separation from Service without Cause or Voluntary Separation
EXECUTIVE TERMINATION PAY AGREEMENT [INSERT NAME OF EXECUTIVE OFFICER]Executive Termination Pay Agreement • November 28th, 2018 • J C Penney Co Inc • Retail-department stores • Texas
This Executive Termination Pay Agreement (the “Agreement”), dated as of _______________, 20___ is between J. C. Penney Corporation, Inc. (“Corporation”) and [INSERT NAME OF EXECUTIVE OFFICER], its [TITLE], a member of the Corporation’s executive team (the “Executive”).
Exhibit 10.2 Form ofExecutive Termination Pay Agreement • March 27th, 2006 • J C Penney Co Inc • Retail-department stores • Texas
ContractExecutive Termination Pay Agreement • March 30th, 2009
Termination Arrangements. We do not have employment agreements with our executive officers; however, in order to attract and retain the best people in retail, we recognize the need to provide protection to our executives in the event of termination of employment without cause or following a change in control of the Company.
