First Amendment to Change in Control Severance Agreement (Farmer Bros. Co. and Executive)
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Summary
This amendment is between Farmer Bros. Co. and an executive, updating their existing Change in Control Severance Agreement. The amendment clarifies that nothing in the agreement prevents the executive from communicating with the U.S. Securities and Exchange Commission about possible legal violations or from accepting a whistleblower award. All other terms of the original agreement remain unchanged.
EX-10.36 5 farm-03312017xex1036xformo.htm EXHIBIT 10.36 Exhibit
Exhibit 10.36
[FORM OF]
FIRST AMENDMENT TO CHANGE IN CONTROL SEVERANCE AGREEMENT
(Farmer Bros. Co. / [Executive Last Name])
_________________________________________________________________________
This First Amendment to the Change in Control Severance Agreement (“Amended Agreement”) is made and entered into as of [date of signature] between FARMER BROS. CO., a Delaware corporation (the “Company”), and [EXECUTIVE FULL NAME] (“[Executive Last Name]”), who agree as follows:
WHEREAS the Company and [Executive Last Name] are parties to a Change in Control Severance Agreement (“Agreement”) dated [Date of Change in Control Severance Agreement];
WHEREAS the parties desire to amend the Agreement to clarify certain rights and obligations of the parties to that Agreement;
The parties agree that the Agreement is amended to including the following paragraph:
Nothing contained in this Amended Agreement or the Agreement is intended to or shall be construed as prohibiting [Executive’s Last Name] from voluntarily communicating with the U.S. Securities and Exchange Commission (“Commission”) about possible violations of law or from accepting a Commission whistleblower award.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
COMPANY: FARMER BROS. CO.,
a Delaware corporation
By:
Michael H. Keown
President and Chief Executive Officer
[EXECUTIVE FULL NAME]:
By:
[Executive Full Name]