Separation Benefits Agreement Sample Contracts

Standard Contracts

SEPARATION BENEFITS AGREEMENT
Separation Benefits Agreement • February 19th, 2015 • Thoratec Corp • Electromedical & electrotherapeutic apparatus • California

THIS SEPARATION BENEFITS AGREEMENT is made as of this 13th day of October (this “Agreement”), by and between THORATEC CORPORATION, a California corporation (the “Company”), and Niamh Pellegrini (the “Executive”) and is intended to supersede any and all separation benefits plans, offer letters or understandings previously entered into between Executive and the Company with respect to such benefits (collectively, the “Original Separation Benefits Agreements”).

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AMENDED AND RESTATED SEPARATION BENEFITS AGREEMENT
Separation Benefits Agreement • April 27th, 2007 • Thoratec Corp • Electromedical & electrotherapeutic apparatus • California

THIS AMENDED AND RESTATED SEPARATION BENEFITS AGREEMENT is made this 23rd day of April, 2007 (this “Agreement”), by and between THORATEC CORPORATION, a California corporation (the “Company”), and David V. Smith (the “Executive”) and is intended to amend and restate any and all separation benefits agreements, offer letters or understandings previously entered into between Executive and the Company with respect to such benefits (“the Original Separation Benefits Agreement”).

AMENDMENT TO AMENDED AND RESTATED SEPARATION BENEFITS AGREEMENT
Separation Benefits Agreement • February 24th, 2010 • Thoratec Corp • Electromedical & electrotherapeutic apparatus

This Amendment to the Amended and Restated Separation Benefits Agreement (the “Amendment”) is entered into as of November 16, 2009 (the “Effective Date”), between David V. Smith (“Executive”) and Thoratec Corporation, a California corporation (the “Company”).

SEPARATION BENEFITS AGREEMENT
Separation Benefits Agreement • December 13th, 2010 • Tower Bancorp Inc • State commercial banks • Pennsylvania

THIS SEPARATION BENEFITS AGREEMENT (the “Agreement”) is made as of this 02 day of October, 2006, by and between FIRST NATIONAL BANK OF CHESTER COUNTY, a wholly-owned subsidiary of First Chester County Corporation and a national banking association with its principal offices located at 9 North High Street, West Chester, Pennsylvania (hereinafter referred to as the “Bank”) and CLAY T. HENRY, an individual residing at 319 Vista Drive, Phoenixville, PA 19460 (hereinafter referred to as “Executive”).

Robert G. Costantini
Separation Benefits Agreement • May 22nd, 2018 • ORBCOMM Inc. • Communications services, nec

Reference is made to the Employment Agreement dated as of December 31, 2010 (the “Employment Agreement”) between you and ORBCOMM Inc. (the “Company”). This letter agreement confirms that notwithstanding your resignation effective on May 17, 2018 (your “Separation Date”) from your position as Executive Vice President and Chief Financial Officer of the Company effective on the Separation Date, your termination of employment with the Company will be treated as a termination by the Company without cause under Section 4(d) of the Employment Agreement and you will be entitled to receive the severance benefits provided under Section 4(f) of the Employment Agreement for a termination of employment by the Company without cause.

SEPARATION BENEFITS AGREEMENT
Separation Benefits Agreement • January 18th, 2005 • Maytag Corp • Household appliances

The following benefits payments will be made by Maytag Corporation in consideration for the execution of the Maytag Separation Agreement and Release by William L. Beer (Note: “You/Your” means William L. Beer):

SEPARATION BENEFITS AGREEMENT
Separation Benefits Agreement • January 18th, 2005 • Maytag Corp • Household appliances

The following benefits and payments will be made by Maytag Corporation in consideration for the execution of the Maytag Separation Agreement and Release by Thomas A. Briatico (Note: “You/Your” means Thomas A. Briatico):

VIA HAND DELIVERY May 8, 2017 Richard Kaufman Intersect ENT, Inc.
Separation Benefits Agreement • August 4th, 2017 • Intersect ENT, Inc. • Surgical & medical instruments & apparatus
SEPARATION BENEFITS AGREEMENT
Separation Benefits Agreement • September 20th, 2019 • Tutor Perini Corp • General bldg contractors - nonresidential bldgs • California

This SEPARATION BENEFITS AGREEMENT (this “Agreement”) is entered into and effective as of the 17th day of September, 2019 (the “Effective Date”), by and between Tutor Perini Corporation, a Massachusetts corporation (herein referred to as “Employer” or the “Company”), and Wendy A. Hallgren, an individual (“Executive”).

SEPARATION BENEFITS AGREEMENT AND RELEASE
Separation Benefits Agreement • December 9th, 2005 • UGS Corp. • Services-computer integrated systems design • Texas

Jim Milton (“Employee”) has been informed about the loss of his employment with UGS Corporation (“UGS”) effective December 1, 2005. UGS wishes to provide Employee with separation benefits as Employee transitions to new endeavors. In exchange for UGS providing separation benefits, Employee is being asked to forego certain potential legal claims and rights relating to his employment with UGS and separation therefrom. Therefore, Employee and UGS enter into the following Separation Benefits Agreement and Release (hereinafter “Agreement”).

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