Severance Payment Agreement Sample Contracts

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Standard Contracts

FORM OF SEVERANCE PAYMENT AGREEMENT
Severance Payment Agreement • March 31st, 1999 • Foundation Health Systems Inc • Insurance carriers, nec • Delaware
SEVERANCE PAYMENT AGREEMENT
Severance Payment Agreement • May 16th, 2008 • CSB Bancorp Inc /Oh • State commercial banks • Ohio

This Severance Payment Agreement (this “Agreement”), made to be effective on the 14th day of May 2008, by and among CSB Bancorp, Inc., an Ohio corporation (“CSB Bancorp”), Indian Village Bancorp, Inc., a Pennsylvania corporation (“IVB”), Indian Village Community Bank, an Ohio state savings bank (“Indian Village Bank”), and Andrea R. Miley, an individual residing in Tuscarawas County, Ohio (the “Employee”);

SEVERANCE PAYMENT AGREEMENT [To be Used For Executives Other Than President/CEO]
Severance Payment Agreement • March 15th, 2006 • Icagen Inc • Pharmaceutical preparations • North Carolina

THIS SEVERANCE PAYMENT AGREEMENT (the “Agreement”) is entered into as of , 2006 (the “Effective Date”), by and between Icagen, Inc., a Delaware corporation (the “Corporation”), and (the “Executive”), an individual residing in , North Carolina.

CHANGE IN CONTROL SEVERANCE PAYMENT AGREEMENT
Severance Payment Agreement • November 7th, 2003 • Vail Banks Inc • State commercial banks • Colorado

This Agreement, made and entered into as of the 18th day of August, 2003, by and between VAIL BANKS, INC., a Colorado corporation (the “Company”), and DAN E. GODEC (hereinafter called the “Executive”),

SEVERANCE PAYMENT AGREEMENT (Amended and Restated as of November 4, 2008)
Severance Payment Agreement • November 5th, 2008 • Internet Brands, Inc. • Services-business services, nec

This Severance Agreement was entered into as of January 1, 2007 between Internet Brands, Inc. (the “Company”) and Joseph Rosenblum (the “Employee”) and is hereby amended and restated as of November 4, 2008.

SECOND AMENDED AND RESTATED SEVERANCE PAYMENT AGREEMENT
Severance Payment Agreement • September 24th, 2012 • WashingtonFirst Bankshares, Inc. • State commercial banks • Virginia

THIS SECOND AMENDED AND RESTATED SEVERANCE PAYMENT AGREEMENT (“Agreement”) is made and entered into as of the 21st day of September, 2012 (the “Execution Date”), by and between WASHINGTONFIRST BANK, a Virginia banking corporation (“Employer”), and RICHARD D. HORN, a Maryland resident (“Employee”):

EX-10.1 2 ex10-1.htm September 24, 2014 BY: HAND DELIVERY Anthony M. Lougee Princeton NJ 08540 Re: Severance Payment Agreement Dear Mr. Lougee:
Severance Payment Agreement • May 5th, 2020 • New York

This letter confirms the terms of the agreement between you and Dataram Corporation (the "Company") concerning your receipt of a severance payment in the event your employment with the Company is terminated without Cause, as such is defined below (the "Agreement"). This Agreement is not a contract of employment, and your employment with the Company remains at-will, meaning that either you or the Company may terminate the employment relationship at any time, for any or no reason.

SEVERANCE PAYMENT AGREEMENT (Amended and Restated as of November 4, 2008)
Severance Payment Agreement • November 5th, 2008 • Internet Brands, Inc. • Services-business services, nec

This Severance Agreement was entered into as of January 30, 2002 between Internet Brands, Inc., formerly CarsDirect.com, Inc., (the “Company”) and Lynn Walsh (the “Employee”) and is hereby amended and restated as of November 4, 2008.

HEALTH NET, INC. LETTERHEAD]
Severance Payment Agreement • June 30th, 2006 • Health Net Inc • Hospital & medical service plans • Delaware

You have informed Health Net, Inc. (the “Company”) of your intention to relinquish your duties as the Company’s Senior Vice President, General Counsel and Secretary. In light of this intention, you and the Company have entered into this letter agreement (the “Agreement”) in order to memorialize the agreement reached between you and the Company regarding the terms and conditions of your continued employment with, and eventual separation from, the Company. As you are aware, you and the Company are currently party to an Offer of Relocation and Employment Letter Agreement, dated June 25, 1998; a Severance Payment Agreement dated December 4, 1998 (the “Severance Payment Agreement”); an Agreement dated January 1, 2001 providing for your consent to certain changes under the Severance Payment Agreement and the Company’s Second Amended and Restated 1991 Stock Option Plan, 1997 Stock Option Plan, as amended, and the 1998 Stock Option Plan, as amended (the “January 1, 2001 Agreement”); stock opti

SEVERANCE PAYMENT AGREEMENT RELEASE AND WAIVER OF CLAIMS
Severance Payment Agreement • August 12th, 2003 • Aquila Inc • Electric services

Aquila, Inc., and its subsidiaries and affiliates, (collectively referred to as "The Company"), and Cadwallader Payne Jr. ("You") agree as follows:

CHANGE IN CONTROL SEVERANCE PAYMENT AGREEMENT
Severance Payment Agreement • March 29th, 2005 • Vail Banks Inc • State commercial banks • Colorado

This Agreement, made and entered into as of the 9th day of July, 2001, by and between Bank WestStar Bank, a state chartered bank (the "Bank") and a wholly owned subsidiary of Vail Banks, Inc., and Paul M. Ferguson (hereinafter called the "Executive"),

SEVERANCE PAYMENT AGREEMENT
Severance Payment Agreement • November 4th, 2009 • Internet Brands, Inc. • Services-business services, nec

This Severance Agreement was entered into as of November 4, 2008 between Internet Brands, Inc. (the “Company”) and Scott A. Friedman (the “Employee”) and is hereby amended and restated as of November 3, 2009.

SEVERANCE PAYMENT AGREEMENT
Severance Payment Agreement • July 20th, 2007 • Internet Brands, Inc. • Services-business services, nec

This Severance Agreement is entered into as of January 30, 2002 between CarsDirect.com, Inc., (the "Company") and Lynn Walsh (the "Employee").

CHANGE IN CONTROL SEVERANCE PAYMENT AGREEMENT
Severance Payment Agreement • August 25th, 2005 • Vail Banks Inc • State commercial banks • Colorado

This Agreement, made and entered into as of the 22nd day of August, 2005, by and between Vail Banks, Inc. and WestStar Bank (collectively referred to as the “Company”), and Brady Burt (hereinafter called the “Executive”),

SEVERANCE PAYMENT AGREEMENT
Severance Payment Agreement • August 29th, 2007 • Internet Brands, Inc. • Services-business services, nec

This Severance Agreement is entered into as of June 30, 2006 between Internet Brands, Inc., (the “Company”) and Chuck Hoover (the “Employee”).

SEVERANCE PAYMENT AGREEMENT
Severance Payment Agreement • August 29th, 2007 • Internet Brands, Inc. • Services-business services, nec

This Severance Agreement is entered into as of February 26, 2007 between Internet Brands, Inc., (the “Company”) and Lisa Morita (the “Employee”).

INTERNET BRANDS, INC. ROBERT BRISCO SEVERANCE PAYMENT AGREEMENT
Severance Payment Agreement • November 5th, 2008 • Internet Brands, Inc. • Services-business services, nec • California

This Agreement is entered into by and among Internet Brands, Inc. (the “Company”) and Robert Brisco (the “Employee”) on the 4th day of November, 2008.

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SEVERANCE PAYMENT AGREEMENT
Severance Payment Agreement • July 20th, 2007 • Internet Brands, Inc. • Services-business services, nec

This Severance Agreement is entered into as of January 30, 2002 between CarsDirect.com, Inc., (the "Company") and Debra Domeyer (the "Employee").

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