ContractMiddleby Corporation Severance Agreement • March 29th, 2002 • Middleby Corp • Refrigeration & service industry machinery
Exhibit 10.14 CONFIDENTIAL THE MIDDLEBY CORPORATION SEVERANCE AGREEMENT The Middleby Corporation (“Middleby”) and Selim A. Bassoul (“Employee”) enter into this severance agreement on this 16th day of May 2001. In recognition of the Employee’s past and continued service to The Middleby Corporation, Middleby agrees to provide the Employee with two years of base salary severance and two years of normal employer provided health insurance in the event of the Employee’s involuntary termination of employment from Middleby for any reason other than Cause. Cause shall mean personal dishonesty, gross negligence, willful misconduct, breach of fiduciary duty involving personal profit, substance abuse, or commission of a felony. This two-year base salary severance and health insurance guarantee to the Employee will also be in effect in the event of a Change in Control of Middleby and shall be considered a liability of the successor owner of Middleby. In the event of a Change in Control of Middle
THE MIDDLEBY CORPORATIONMiddleby Corporation Severance Agreement • April 2nd, 2004 • Middleby Corp • Refrigeration & service industry machinery
ContractMiddleby Corporation Severance Agreement • March 29th, 2002 • Middleby Corp • Refrigeration & service industry machinery
Exhibit 10.15 CONFIDENTIAL THE MIDDLEBY CORPORATION SEVERANCE AGREEMENT The Middleby Corporation (“Middleby”) and David B. Baker (“Employee”) enter into this severance agreement on this 7th day of June 2001. In recognition of the Employee’s past and continued service to The Middleby Corporation, Middleby agrees to provide the Employee with one year of base salary severance and one year of normal employer provided health insurance in the event of the Employee’s involuntary termination of employment from Middleby for any reason other than Cause. Cause shall mean personal dishonesty, gross negligence, willful misconduct, breach of fiduciary duty involving personal profit, substance abuse, or commission of a felony. This one-year base salary severance and health insurance guarantee to the Employee will also be in effect in the event of a Change in Control of Middleby and shall be considered a liability of the successor owner of Middleby. In the event of a Change in Control of Middleby,
