transition, SEVERANCE, and release AGREEMENT WITH REAFFIRMATION OBLIGATIONS (with Agreement of Non-Solicitation and Non-Competition and Special Vesting Agreement) Between Team, Inc. and Greg L. BoaneTransition, Severance, and Release Agreement • November 28th, 2018 • Team Inc • Services-miscellaneous repair services • Texas
Greg L. Boane is a resident of Texas and has been an employee working for Team, Inc. In this Agreement, “Employee” means Greg L. Boane, and “Team” means Team, Inc., Team Industrial Services, Inc. and its affiliated entities and predecessor and successor entities. Employee has received this Transition, Severance, and Release Agreement with Reaffirmation Obligations (the “Agreement”) on November 26, 2018, and the last day of Employee’s employment will be February 28, 2019 (the “Last Day of Employment”). The purpose of this Agreement is to state the conditions of Employee’s termination without cause and to resolve any employment-related issues that exist or might exist between Employee and Team. This Agreement is presented to Employee for Employee to sign as a condition to Employee’s receipt of certain benefits as set forth in the Team, Inc. Corporate Executive Officer Compensation and Benefits Continuation Policy, as amended (the “Severance Policy”). Reference is made to the Letter Agree
