Mutual Termination of Severance Agreement between Frank T. Lennon and The Brink’s Company
Frank T. Lennon and The Brink’s Company have mutually agreed to terminate their severance agreement, originally dated September 22, 1997 and amended November 14, 2008. As of April 20, 2012, neither party has any further rights or obligations under the severance agreement. This termination is confirmed in writing and accepted by both parties.
Exhibit 10.1
April 20, 2012
Frank T. Lennon
[Address]
Re: Termination of the Severance Agreement between Frank T. Lennon and The Brink’s Company (formerly known as The Pittston Company), dated as of September 22, 1997, and amended effective November 14, 2008.
Dear Mr. Lennon:
This letter acknowledges the termination by mutual agreement between you and The Brink’s Company (the “Company”) of the severance agreement between you and the Company (formerly known as The Pittston Company), dated as of September 22, 1997 and amended effective November 14, 2008 (the “Severance Agreement”). You expressly acknowledge that, on and following the date hereof, you shall have no further rights, and none of the Company or any of its subsidiaries or affiliates shall have any further obligations, under the Severance Agreement.
Regards,
/s/ Thomas C. Schievelbein
Thomas C. Schievelbein
Interim President and Chief Executive Officer
The Brink’s Company
Acknowledged and Accepted:
/s/ Frank T. Lennon
Frank T. Lennon
Date: April 20, 2012
