Severance Benefit Agreement Sample Contracts

Standard Contracts

SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • May 21st, 2024 • Leggett & Platt Inc • Household furniture • Missouri

This Severance Benefit Agreement (the “Agreement”) is made as of May 20, 2024 (the “Effective Date”) between Leggett & Platt, Incorporated, 1 Leggett Road, Carthage, Missouri 64836 (the “Company”) and Karl G. Glassman (the “Executive”), residing at [ ].

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AVAGO TECHNOLOGIES LIMITED SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • June 14th, 2018 • Broadcom Inc. • Semiconductors & related devices • California

This Severance Benefit Agreement (the “Agreement”) is made and entered into by and between Hock E. Tan (“Executive”) and Avago Technologies Limited (company registration number 200510713C), a public company incorporated under the Singapore Companies Act (the “Company”), effective as of the later of the (i) the latest date set forth by the signatures of the parties hereto below or (ii) the date the Company’s shareholders approve this Agreement (the “Effective Date”). Upon the Effective Date, this Agreement supersedes the change in control and severance provisions of that certain offer letter agreement between the Company and Executive, as amended (the “Offer Letter”), in their entirety. In the event, the shareholders of the Company fail to approve this Agreement at the Company’s 2014 annual general meeting of shareholders, it shall become void ab initio, and the change in control and severance provisions of the Offer Letter shall remain in full force and effect.

EX-10.63 6 d263396dex1063.htm SEVERANCE BENEFIT AGREEMENT SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • May 5th, 2020 • Texas

THIS SEVERANCE BENEFIT AGREEMENT (this “Agreement”) is made and entered into effective as of December 12, 2011 (the “Effective Date”), by and between Exterran Holdings, Inc., a Delaware corporation (the “Company”) and William M. Austin (the “Executive”).

GROUPON, INC. SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • April 13th, 2023 • Groupon, Inc. • Services-advertising agencies • Illinois

This SEVERANCE BENEFIT AGREEMENT (the “Agreement”) is entered into on the 13th day of April, 2023 (the “Effective Date”) between Groupon, Inc. (the “Company”), a Delaware corporation, and Jiri Ponrt (the “Executive”).

BROADCOM INC. SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • December 10th, 2020 • Broadcom Inc. • Semiconductors & related devices • California

This Severance Benefit Agreement (the “Agreement”) is made and entered into by and between Kirsten Spears, (“Executive”) and Broadcom Inc., a Delaware corporation (the “Company”), and is effective as of the latest date set forth by the signatures of the parties hereto below (the “Effective Date”).

AMENDED AND RESTATED SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • February 25th, 2009 • Leggett & Platt Inc • Household furniture

This Severance Benefit Agreement (the “Agreement”) is made as of November 6, 2008 between Leggett & Platt, Incorporated, No. 1 Leggett Road, Carthage, Missouri 64836 (the “Company”) and David S. Haffner (the “Executive”), residing at 2018 W. Morgan Heights Road, Carthage, Missouri 64836.

AMENDED AND RESTATED SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • February 22nd, 2018 • Leggett & Platt Inc • Household furniture

This Severance Benefit Agreement (the “Agreement”) is made as of December 30, 2008 between Leggett & Platt, Incorporated (the “Company”) and Scott S. Douglas (the “Executive”).

Form of Severance Benefit Agreement
Severance Benefit Agreement • November 4th, 2022 • SPX Technologies, Inc. • Metalworkg machinery & equipment • Delaware

This Severance Benefit Agreement (the “Agreement”) is effective as of [●], 2022 (the “Effective Date”), by and between SPX Enterprises, LLC (the “Company”) and [●] (the “Executive”).

AMENDED AND RESTATED SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • August 25th, 2004 • Leiner Health Services Corp. • Pharmaceutical preparations • Delaware

This AMENDED AND RESTATED SEVERANCE BENEFIT AGREEMENT is made and entered into as of the 11 day of July 2002, by and between LEINER HEALTH PRODUCTS, INC., a Delaware corporation (the “Company”), and GALE BENSUSSEN (“Executive”).

BROADCOM INC. AMENDED AND RESTATED SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • December 10th, 2020 • Broadcom Inc. • Semiconductors & related devices • California

This Amended and Restated Severance Benefit Agreement (the “Agreement”) is made and entered into by and between Charlie Kawwas, (“Executive”) and Broadcom Inc., a Delaware corporation (the “Company”), and is effective as of the latest date set forth by the signatures of the parties hereto below (the “Effective Date”), and supersedes in its entirety that certain severance benefit agreement dated as of June 9, 2015 (the “Prior Agreement”) between Avago Technologies Limited and Executive.

Avon Letterhead]
Severance Benefit Agreement • August 3rd, 2018 • Avon Products Inc • Perfumes, cosmetics & other toilet preparations • New York

Pursuant to the letter dated August 2, 2017 regarding the terms of your transition and retirement as Chief Executive Officer of Avon Products, Inc. (“Avon” or the “Company”) (the “Retirement Letter”), this Severance Benefit Letter Agreement and General Release of Claims (this “Agreement”) sets forth the terms and conditions of your severance benefits consistent with the terms of the Avon Products, Inc. Severance Pay Plan (the “Severance Plan”) for Class A Employees. However, because the Severance Plan limits total payouts to any participant to no more than $550,000 for separations that occur in 2018 (the “409A Limit”), and as a Class A Employee your total severance payments are in excess of the amount that would otherwise be provided under the Severance Plan, this Agreement will be provided to you in lieu of any benefits payable under the Severance Plan and you agree that you waive all your rights to benefits under the Severance Plan.

GROUPON, INC. SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • May 9th, 2024 • Groupon, Inc. • Services-advertising agencies • Illinois

This SEVERANCE BENEFIT AGREEMENT (the “Agreement”) is entered into on the 8th day of May, 2024 (the “Effective Date”) between Groupon, Inc. (the “Company”), a Delaware corporation, and Jiri Ponrt (the “Executive”).

SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • August 25th, 2004 • Leiner Health Services Corp. • Pharmaceutical preparations • Delaware

THIS AGREEMENT is made and entered into as of the 21st day of November, 1991, by and between P. LEINER NUTRITIONAL PRODUCTS, INC. OF DELAWARE, a Delaware corporation (the “Company”), and KEVIN J. LANIGAN (“Executive”).

Avon Letterhead]
Severance Benefit Agreement • November 2nd, 2017 • Avon Products Inc • Perfumes, cosmetics & other toilet preparations • New York
SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • February 28th, 2020 • Exterran Corp • Services-equipment rental & leasing, nec • Texas

THIS SEVERANCE BENEFIT AGREEMENT (this “Agreement”) is made and entered into effective as of _________ (the “Effective Date”), by and between Exterran Corporation, a Delaware corporation (the “Company”) and ____________ (the “Executive”).

BETWEEN
Severance Benefit Agreement • March 31st, 1997 • Interdigital Communications Corp • Patent owners & lessors • Pennsylvania
DATED MOOG CONTROLS LIMITED - and - [NAME] SEVERANCE BENEFIT AGREEMENT Willans LLP CHELTENHAM GL50 1QZ
Severance Benefit Agreement • August 8th, 2024 • Moog Inc. • Misc industrial & commercial machinery & equipment • England and Wales
GROUPON, INC. SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • May 9th, 2024 • Groupon, Inc. • Services-advertising agencies • Illinois

This SEVERANCE BENEFIT AGREEMENT (the “Agreement”) is entered into on the 8th day of May, 2024 (the “Effective Date”) between Groupon, Inc. (the “Company”), a Delaware corporation, and Dusan Senkypl (the “Executive”).

SECOND AMENDMENT TO SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • May 9th, 2012 • Exterran Holdings Inc. • Services-equipment rental & leasing, nec

THIS SECOND AMENDMENT TO SEVERANCE BENEFIT AGREEMENT (the “Amendment”) is made and entered into effective as of January 28, 2012, by and between Exterran Holdings, Inc., a Delaware corporation (the “Company”), and J. Michael Anderson (the “Employee”).

BROADCOM INC. AMENDED AND RESTATED SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • December 10th, 2020 • Broadcom Inc. • Semiconductors & related devices • California

This Amended and Restated Severance Benefit Agreement (the “Agreement”) is made and entered into by and between Hock E. Tan, (“Executive”) and Broadcom Inc., a Delaware corporation (the “Company”), and is effective as of the latest date set forth by the signatures of the parties hereto below (the “Effective Date”), and supersedes in its entirety that certain severance benefit agreement dated as of January 23, 2014 (the “Prior Agreement”) between Avago Technologies Limited and Executive.

FIRST AMENDMENT TO SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • May 9th, 2012 • Exterran Holdings Inc. • Services-equipment rental & leasing, nec

THIS FIRST AMENDMENT TO SEVERANCE BENEFIT AGREEMENT (the “Amendment”) is made and entered into effective as of December 12, 2011, by and between Exterran Holdings, Inc., a Delaware corporation (the “Company”), and J. Michael Anderson (the “Employee”).

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AMENDMENT TO SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • August 1st, 2017 • Archrock, Inc. • Natural gas transmission

THIS AMENDMENT TO SEVERANCE BENEFIT AGREEMENT (this “Amendment”), is entered into as of [ l ] (the “Effective Date”), by and between Archrock, Inc., a Delaware corporation (the “Company”), and [ l ] (the “Executive”). Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to such terms in the Severance Benefit Agreement (as defined below).

SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • February 25th, 2010 • Ball Corp • Metal cans • Colorado

THIS SEVERANCE BENEFIT AGREEMENT (“Agreement”) made and entered into as of the _____ day of _______________________ (the “Effective Date”) by and between Ball Corporation (the “Corporation”) having its corporate headquarters located at 10 Longs Peak Drive, Broomfield, Colorado, and ____________________________ (the “Executive”).

SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • May 31st, 2016 • Cobalt International Energy, Inc. • Crude petroleum & natural gas • Texas

This Severance Benefit Agreement (this “Agreement”) is made May 30, 2016, by and between Timothy J. Cutt (“Executive”) and Cobalt International Energy, Inc. (the “Company”), effective as of July 2, 2016 (the “Effective Date”). The Company and Executive are referred to individually herein as a “Party” and collectively as the “Parties.”

AVAGO TECHNOLOGIES LIMITED SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • March 13th, 2014 • Avago Technologies LTD • Semiconductors & related devices • California

This Severance Benefit Agreement (the “Agreement”) is made and entered into by and between Hock E. Tan (“Executive”) and Avago Technologies Limited (company registration number 200510713C), a public company incorporated under the Singapore Companies Act (the “Company”), effective as of the later of the (i) the latest date set forth by the signatures of the parties hereto below or (ii) the date the Company’s shareholders approve this Agreement (the “Effective Date”). Upon the Effective Date, this Agreement supersedes the change in control and severance provisions of that certain offer letter agreement between the Company and Executive, as amended (the “Offer Letter”), in their entirety. In the event, the shareholders of the Company fail to approve this Agreement at the Company’s 2014 annual general meeting of shareholders, it shall become void ab initio, and the change in control and severance provisions of the Offer Letter shall remain in full force and effect.

Severance Benefit Agreement
Severance Benefit Agreement • February 24th, 2021 • Leggett & Platt Inc • Household furniture • Missouri

This Severance Benefit Agreement (the “Agreement”) is made as of September 18, 2017 between Leggett & Platt, Incorporated, 1 Leggett Road, Carthage, Missouri 64836 (the “Company”) and Steven K. Henderson (the “Executive”), residing at [ ].

SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • August 5th, 2011 • Us Concrete Inc • Concrete products, except block & brick

This Severance Benefit Agreement, dated as of August 4, 2011, is by and between U.S. Concrete, Inc. (the “Company”) and Michael W. Harlan (“Executive”).

SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • August 5th, 2015 • Lumber Liquidators Holdings, Inc. • Retail-lumber & other building materials dealers • Virginia

This Severance Benefit Agreement (“Agreement”), dated ______, 2015, by and between Lumber Liquidators, Inc. (“LL”) and/or its affiliated entity(ies) (collectively and, where applicable, individually, the “Company”) and ______________ (“Employee”), states as follows:

SECOND AMENDMENT TO SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • February 22nd, 2018 • Archrock, Inc. • Natural gas transmission

THIS SECOND AMENDMENT TO SEVERANCE BENEFIT AGREEMENT (this “Amendment”), is entered into as of [●] (the “Effective Date”), by and between Archrock, Inc., a Delaware corporation (the “Company”), and [●] (the “Executive”). Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to such terms in the Severance Benefit Agreement (as defined below).

SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • August 16th, 2011 • Exterran Holdings Inc. • Services-equipment rental & leasing, nec • Texas

THIS SEVERANCE BENEFIT AGREEMENT (this “Agreement”) is made and entered into effective as of August 11, 2011 (the “Effective Date”), by and between Exterran Holdings, Inc., a Delaware corporation (the “Company”) and _______________ (the “Employee”).

PERSONAL & CONFIDENTIAL [date] TO: FROM: Tom Eggebeen SUBJECT: Severance Benefit Agreement Meridian Automotive Systems, Inc. ("the Company") has initiated a severance benefit agreement program for the CEO and all members of the Executive Council. The...
Severance Benefit Agreement • August 20th, 2002 • Meridian Automotive Systems Inc

Meridian Automotive Systems, Inc. ("the Company") has initiated a severance benefit agreement program for the CEO and all members of the Executive Council. The following is to provide you with a letter of understanding of the terms of the severance benefit agreement.

FORM OF GROUPON, INC. 2013 SEVERANCE BENEFIT AGREEMENT
Severance Benefit Agreement • August 7th, 2013 • Groupon, Inc. • Services-advertising agencies • Illinois

This SEVERANCE BENEFIT AGREEMENT (the “Agreement”) is entered into this __ day of _____, 2013 (the “Effective Date”) between Groupon, Inc., a Delaware corporation, and XX (the “Executive”).

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