Transition Employment Agreement Sample Contracts

RECITALS
Transition Employment Agreement • April 15th, 2004 • Valuevision Media Inc • Retail-catalog & mail-order houses • Minnesota
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Standard Contracts

TRANSITION EMPLOYMENT AGREEMENT
Transition Employment Agreement • December 17th, 2015 • German American Bancorp, Inc. • State commercial banks • Indiana

This Transition Employment Agreement (“Agreement”) is made and entered into this day of , 2016, by and between MATTHEW FORRESTER (“Employee”) and GERMAN AMERICAN BANCORP (“German American”).

Re: Transition Employment Agreement
Transition Employment Agreement • January 8th, 2009 • Deerfield Capital Corp. • Real estate investment trusts

This letter (our “Agreement”) will confirm our understanding with respect to your termination as an employee of Deerfield Capital Management LLC (the “Company”) as a result of a reduction in force. You acknowledge that this Agreement is intended only to resolve matters relating to your employment with the Company and is not an admission of fault or liability on the part of you or the Company. Subject to your continuing to comply with the terms of this Agreement, you and the Company agree as follows:

PIXELWORKS, INC. TRANSITION EMPLOYMENT AGREEMENT
Transition Employment Agreement • March 12th, 2007 • Pixelworks, Inc • Semiconductors & related devices • Oregon

This Agreement (the “Agreement”) is made and entered into effective as of December 12, 2006 (the “Effective Date”), by and between Hans Olsen (the “Executive”) and Pixelworks, Inc., an Oregon corporation (the “Company”). Certain capitalized terms used in this Agreement are defined in Section 1 below.

TRANSITION EMPLOYMENT AGREEMENT
Transition Employment Agreement • March 18th, 2005 • HouseValues, Inc. • Real estate agents & managers (for others)

This Transition Employment Agreement (this “Agreement”), dated as of 4 August 2003, between HouseValues, Inc. (“Employer”), and Michael G. Andrews (“Employee”);

TRANSITION EMPLOYMENT AGREEMENT
Transition Employment Agreement • December 31st, 2012 • Kaiser Ventures LLC • Lessors of real property, nec • California

This TRANSITION EMPLOYMENT AGREEMENT (“Agreement”) is made and entered into effective at 12:01 a.m. PST on January 1, 2013 (the “Effective Date”), by and between JAMES F. VERHEY (“Employee”) and BUSINESS STAFFING, INC, a Delaware corporation (“BSI” or the “Company”) (sometimes collectively referred to herein as the “Parties”).

TRANSITION EMPLOYMENT AGREEMENT
Transition Employment Agreement • December 31st, 2012 • Kaiser Ventures LLC • Lessors of real property, nec • California

This TRANSITION EMPLOYMENT AGREEMENT (“Agreement”) is made and entered into effective at 12:01 a.m. PST on January 1, 2013 (the “Effective Date”), by and between TERRY L. COOK (“Employee”) and BUSINESS STAFFING, INC, a Delaware corporation (“BSI” or the “Company”) (sometimes collectively referred to herein as the “Parties”).

Adobe Systems Incorporated 345 Park Avenue San Jose, CA 95110-2704 Phone: 408.537.6000 Fax: 408.537.4519
Transition Employment Agreement • September 24th, 2009 • Adobe Systems Inc • Services-prepackaged software

As you know, Adobe Systems Incorporated (“Adobe”) is entering into an Agreement and Plan of Merger (“Merger Agreement”) with Omniture, Inc. (the “Company”) whereby the Company will become a wholly owned subsidiary of Adobe (the “Merger”). Adobe would like to welcome you as a transition employee until the later of (i) the end of Adobe’s fiscal year 2010 or (ii) the first anniversary of the closing of the Merger (as may be adjusted, the “Transition Period”) in the position of VP Finance Integration, reporting to me, based in Orem, Utah. If you accept this offer, and the contingencies of this offer are satisfied, your transition employment will be subject to the terms set forth in this letter agreement. As a condition to Adobe entering into the Merger Agreement and in exchange for the transition bonus described in this letter agreement, you agree that any existing offer letter, employment, change in control or severance agreement between you and the Company will be terminated and supersed

TRANSITION EMPLOYMENT AGREEMENT
Transition Employment Agreement • August 21st, 2008 • Coach Inc • Leather & leather products • New York

This Transition Employment Agreement (hereafter this “Agreement”), dated as of July 4, 2008, is hereby entered into by and between Keith Monda (the “Executive”), and Coach, Inc., a Maryland corporation (together with its subsidiaries and affiliates, the “Company”).

DEERFIELD CAPITAL LETTERHEAD]
Transition Employment Agreement • November 10th, 2008 • Deerfield Capital Corp. • Real estate investment trusts

This letter (our “Agreement”) will confirm our understanding with respect to your termination as an employee of Deerfield Capital Management LLC (the “Company”) as a result of a reduction in force. You acknowledge that this Agreement is intended only to resolve matters relating to your employment with the Company and is not an admission of fault or liability on the part of you or the Company. Subject to your continuing to comply with the terms of this Agreement, you and the Company agree as follows:

TRANSITION EMPLOYMENT AGREEMENT
Transition Employment Agreement • August 6th, 2019 • Kelly Services Inc • Services-help supply services • Michigan

This Transition Employment Agreement (“Agreement”) is between George S. Corona (“Employee”) for himself, his heirs and personal representatives, and Kelly Services, Inc. and its affiliates, and successors in interest (collectively referred to as “Employer”).

TRANSITION EMPLOYMENT AGREEMENT
Transition Employment Agreement • June 20th, 2011 • Gametech International Inc • Services-miscellaneous amusement & recreation

This Transition Employment Agreement (“Agreement”) is entered into on May 25, 2011, by and between William P. Fasig (“Executive”) and GameTech International, Inc. acting on its own behalf as well as on behalf of all its subsidiaries (collectively “GameTech” or “Company”). Executive and GameTech shall collectively be referred to herein as the parties.

October 25, 2012 Peter Karmanos, Jr. Executive Chairman Compuware Corporation One Campus Martius Detroit, MI 48226 Re: Transition Employment Agreement Dear Peter:
Transition Employment Agreement • October 29th, 2012 • Compuware Corp • Services-prepackaged software • Michigan

As set forth below, the Board of Directors (the “Board”) of Compuware Corporation (the “Company”) makes the following offer to you regarding the terms of your compensation and benefits during the transition period when you step down as Executive Chairman of the Company (the “Agreement”):

TRANSITION EMPLOYMENT AGREEMENT
Transition Employment Agreement • January 6th, 2011 • Healthways, Inc • Services-misc health & allied services, nec • Tennessee

This Transition Employment Agreement (the “Agreement”) is made and entered into effective as of December 31, 2010 (the “Effective Date”) by and between Healthways, Inc., a Delaware corporation (“Healthways”) and Mary A. Chaput (“Employee”). Healthways and Employee are sometimes referred to herein individually as a “Party” and collectively as the “Parties”.

First Amendment to The Transition Employment Agreement of James F. Verhey
Transition Employment Agreement • April 16th, 2013 • Kaiser Ventures LLC • Lessors of real property, nec • California

This FIRST AMENDMENT TO THE TRANSITION EMPLOYMENT AGREEMENT Of JAMES F. VERHEY ("Amendment") is made and entered into effective April 10, 2013, by and between JAMES F. VERHEY ("Employee") and BUSINESS STAFFING, INC, a Delaware corporation ("BSI" or the "Company") (sometimes collectively referred to herein as the "Parties").

RESTATED TRANSITION EMPLOYMENT AGREEMENT
Transition Employment Agreement • November 15th, 2002 • Openwave Systems Inc • Services-prepackaged software • Illinois

THIS RESTATED TRANSITION EMPLOYMENT AGREEMENT (the “Agreement”) is made by and between Michael Mulica, an Illinois resident (the “Executive”) and Openwave Systems Inc., a Delaware corporation (the “Company”) on October 28, 2002. Executive and the Company may be referred to collectively in this Agreement as the “Parties.”

Contract
Transition Employment Agreement • November 5th, 2021 • Charlotte's Web Holdings, Inc. • Colorado

Certain identified information has been excluded from the exhibit pursuant to Item 601(a)(6) of Regulation S-K. Redacted information is indicated by: ***.

TRANSITION EMPLOYMENT AGREEMENT
Transition Employment Agreement • February 5th, 2015 • Spectrum Brands Holdings, Inc. • Miscellaneous electrical machinery, equipment & supplies • Delaware

THIS TRANSITION EMPLOYMENT AGREEMENT (this “Agreement”) is entered into as of the 8th day of January, 2015 (the “Effective Date”), by and between Spectrum Brands, Inc., a Delaware corporation (the “Company”), Spectrum Brands Holdings, Inc., a Delaware corporation (“Parent”) and David R. Lumley (the “Executive”).

TRANSITION EMPLOYMENT AGREEMENT
Transition Employment Agreement • November 14th, 2003 • Openwave Systems Inc • Services-prepackaged software • California

This Transition Employment Agreement (the “Agreement”), by and between Kevin J. Kennedy (the “Executive”) and Openwave Systems Inc., a Delaware corporation (the “Company”), sets forth Executive’s duties and obligations, and rights to compensation and benefits, in connection with Executive’s transition to a part-time position and the termination of his employment. Executive and the Company may be referred to collectively in this Agreement as the “Parties.”

28903 North Avenue Paine Valencia, CA 91355 Main: (661)-775-5300 Fax: (661)-775-2080 www.mannkindcorp.com
Transition Employment Agreement • December 24th, 2007 • Mannkind Corp • Pharmaceutical preparations • California

This letter agreement (the “Agreement”) sets forth the terms of your transition employment with MannKind Corporation (the “Company”), effective as of the Effective Date defined in paragraph 6.b below.

Transition Employment Agreement with William J. Kelley
Transition Employment Agreement • March 29th, 2004 • First Capital Bank Holding Corp • National commercial banks • Florida

This Transition Employment Agreement (the “Agreement”) is entered into this 16th day of January, 2004, by and among First Capital Bank Holding Corporation, a Florida corporation (the “Company”), First National Bank of Nassau County, a national bank organized under the laws of the United States (the “Bank”), and William J. Kelley (the “Executive”).

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PINNACLE SYSTEMS, INC. TRANSITION EMPLOYMENT AGREEMENT
Transition Employment Agreement • November 12th, 2003 • Pinnacle Systems Inc • Photographic equipment & supplies • California

This Agreement (the “Agreement”) is made and entered into effective as of November 1, 2003 (the “Start Date”), by and between Pinnacle Systems, Inc., a California corporation (the ”Company”), and J. Kim Fennell (the “Employee”).

Transition Employment Agreement between the Company and Michael G. Sanchez dated May 21, 2003
Transition Employment Agreement • August 14th, 2003 • First Capital Bank Holding Corp • National commercial banks • Florida

This Transition Employment Agreement (the “Agreement”) is entered into this 21st day of May, 2003, by and among First Capital Bank Holding Corporation, a Florida corporation (the “Company”), First National Bank of Nassau County, a national bank organized under the laws of the United States (the “Bank”) (the Company and the Bank are collectively referred to herein as the “Employer”), and Michael G. Sanchez (the “Executive”).

TRANSITION EMPLOYMENT AGREEMENT
Transition Employment Agreement • December 31st, 2012 • Kaiser Ventures LLC • Lessors of real property, nec • California

This TRANSITION EMPLOYMENT AGREEMENT (“Agreement”) is made and entered into effective at 12:01 a.m. PST on January 1, 2013 (the “Effective Date”), by and between RICHARD E. STODDARD (“Employee”) and BUSINESS STAFFING, INC, a Delaware corporation (“BSI” or the “Company”) (sometimes collectively referred to herein as the “Parties”).

TRANSITION EMPLOYMENT AGREEMENT
Transition Employment Agreement • May 10th, 2011 • Rackspace Hosting, Inc. • Services-computer programming, data processing, etc.

This Transition Employment Agreement (“Agreement”) is entered into on March 10, 2011, by and between Bruce R. Knooihuizen (“Executive”) and Rackspace US, Inc. acting on its own behalf as well as on behalf of all related entities, both parent and subsidiaries, specifically including Rackspace Hosting, Inc. (collectively “Rackspace” or “Company”). Executive and Rackspace shall collectively be called the Parties.

TRANSITION EMPLOYMENT AGREEMENT AND RELEASE
Transition Employment Agreement • September 27th, 2006 • Zareba Systems Inc • Power, distribution & specialty transformers • Minnesota

NOW, THEREFORE, in consideration of the mutual covenants and promises made by and between the parties, the receipt and adequacy of which is acknowledged, Waters and Anshus hereby agree as follows:

TRANSITION EMPLOYMENT AGREEMENT
Transition Employment Agreement • March 16th, 2005 • Kaiser Ventures LLC • Lessors of real property, nec • California

This TRANSITION EMPLOYMENT AGREEMENT (“Agreement”) is made and entered into by and between PAUL E. SHAMPAY (“Shampay”) and Business Staffing, Inc. (the “Company”) effective as of March 15, 2005.

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