Severance Pay Agreement for Key Employee Sample Contracts

SEVERANCE PAY AGREEMENT FOR KEY EMPLOYEE

Severance Pay Agreement for Key Employee • March 16th, 2006 • Asbury Automotive Group Inc • Retail-auto dealers & gasoline stations • New York

• Contract Type
  Severance Pay Agreement for Key Employee
• Filed
  March 16th, 2006
• Company
  Asbury Automotive Group Inc
• Industry
  Retail-auto dealers & gasoline stations
• Jurisdiction
  New York

This agreement is entered into as of August 1, 2005 between Asbury Automotive Group L.L.C. (“Asbury”) and Brett Hutchinson (“Executive”), a key employee of Asbury, in order to provide for an agreed-upon compensation in the event that the Executive’s employment is terminated as defined in this agreement.