Retention/Separation Agreement Sample Contracts

EX-10.3 3 dex103.htm RETENTION/SEPARATION AGREEMENT As of May 10, 2007 Edward J. Parry, III Dear Ed:
Retention/Separation Agreement • May 5th, 2020 • Massachusetts

You have indicated that you wish to resign from your position with First Allmerica Financial Life Insurance Company, its subsidiaries and affiliates, including but not limited to The Hanover Insurance Group, Inc., formerly known as Allmerica Financial Corporation (collectively referred to as the “Company”). The Company has requested that you continue your employment up to and including August 31, 2007. In connection with this request, you and the Company have mutually agreed to the terms and conditions set forth below surrounding your employment and resignation as of August 31, 2007 (the “Resignation Date”). This letter (the “Agreement”) outlines the salary continuance pay and benefits for which you are eligible if you remain with the Company up through your Resignation Date and if you agree to the terms and conditions stated in this letter, including a release of all claims in favor of the Company.

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