Mutual Termination Agreement between CB Richard Ellis, Inc. and Rob Blain (February 2, 2007)

Contract Categories: Business Operations › Termination Agreements
Summary

CB Richard Ellis, Inc. (CBRE) and Rob Blain have agreed to mutually terminate their prior Offer of Employment agreement, effective February 2, 2007. Both parties waive certain provisions related to termination activities and notice requirements from the original employment agreement. Despite this termination, Rob Blain will continue working for CBRE in his current role, and his employment remains "at will."

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EX-10.18 2 dex1018.htm MUTUAL TERMINATION AGREEMENT Mutual Termination Agreement

EXHIBIT 10.18

 

MUTUAL TERMINATION AGREEMENT

 

CB Richards Ellis, Inc. (“CBRE”) and Rob Blain (“Manager”) hereby enter into this Mutual Termination Agreement, which shall be effective February 2, 2007 (“Effective Date”).

 

1. Broker and Manager agree that the following agreement is terminated effective on the Effective Date and shall have no further force or effect: Offer of Employment (letter form) executed by Manager and CBRE on January 23, 2002, along with any modifications or amendments thereto (“Employment Agreement”).

 

2. By entering into this Mutual Termination Agreement, the parties hereby waive the provisions contained in the “Activities on Termination” and “Notice of Termination” sections of the Employment Agreement.

 

3. Notwithstanding the termination of the Employment Agreement, Manager will remain an employee of Broker in Manager’s current position and nothing contained herein alters Manager’s “at will” employment status.

 

CB RICHARD ELLLIS, INC.       MANAGER
By:   /S/    BRETT WHITE               By:   /S/    ROB BLAIN        
   

Brett White

Chief Executive Officer

           Rob Blain

Dated: February 2, 2007

      

Dated: February 2, 2007