Severance Plan Agreement between European Wax Center, Inc. and Andrea Wasserman

Contract Categories: Human Resources › Severance Agreements
Summary

This agreement is between European Wax Center, Inc. and Andrea Wasserman. It ensures that the company will not reduce or negatively change the severance payments or benefits for Ms. Wasserman without her written consent. The agreement also states that she cannot receive duplicate severance benefits from other company plans and that her obligations under any non-compete, non-solicitation, or confidentiality agreements remain in effect. The agreement is effective as of May 30, 2023.

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EX-10.2 3 ewcz-ex10_2.htm EX-10.2 EX-10.2

 

EXHIBIT 10.2

SEVERANCE PLAN AGREEMENT

WHEREAS, the European Wax Center, Inc. (the “Company”) has adopted the European Wax Center, Inc. Change in Control and Severance Plan, effective February 22, 2023 (the “Severance Plan”), pursuant to which Andrea Wasserman (the “Executive”) is entitled to certain severance payments and benefits upon termination of the Executive’s employment by the Company without Cause or by the Executive for Good Reason, as set forth in the Severance Plan and as such terms are defined in the Severance Plan; and

WHEREAS, in consideration of the Executive commencing her employment with the Company on the condition set forth herein and in further consideration of the severance payments and benefits provided pursuant to the terms of the Severance Plan.

NOW, THEREFORE, in consideration of other good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, the Executive and Company agree as follows:

1.
The Company agrees that it shall not reduce the amount of severance payments or benefits under the Severance Plan or adversely alter the terms of such plan, in each case as it relates to the Executive, without the Executive’s prior written consent.
2.
The Executive acknowledges and agrees that in no event will the Executive be entitled to a duplication of amounts or benefits under the Severance Plan and any other policy, plan, agreement or arrangement of the Company or any of its affiliates.
3.
This Severance Plan Agreement shall not relieve the Executive of her obligations to the Company under any other agreement between the Executive and the Company or any of its affiliates that includes non-competition, non-solicitation and/or confidentiality restrictions.

 

1

 

 

IN WITNESS HEREOF, the Executive has executed this Waiver as of the date written below.

 

EXECUTIVE

 

/s/ Andrea Wasserman

Andrea Wasserman

Date: 05/30/2023

 

 

 

EUROPEAN WAX CENTER, INC.

 

 

By:_______________________

Title:_____________________

Date:_____________________

(Signature Page to Severance Waiver)