GTECH Holdings Corporation Schedule of Recipients of Executive Separation Agreements

Contract Categories: Human Resources › Separation Agreements
Summary

This document lists executive officers and directors of GTECH Holdings Corporation who are parties to executive separation agreements. It specifies the duration of salary continuation and benefits each recipient will receive after separation, typically for 12 months. The schedule also notes the effective dates of departure for certain individuals and references specific agreements for some recipients. The agreement ensures that departing executives receive continued salary and benefits for a set period following their exit from the company.

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EX-10.10 3 y08085exv10w10.txt EX-10.10: SCHEDULE OF RECIPIENTS OF EXECUTIVE SEPARATION AGREEMENT . . . EXHIBIT 10.10 GTECH HOLDINGS CORPORATION SCHEDULE OF RECIPIENTS OF EXECUTIVE SEPARATION AGREEMENTS (1)
Recipient Payout Period (2) - ----------------- ----------------- W. Bruce Turner (3) Barbara Burns 12 months (4) David Calabro 12 months (5) Marc Crisafulli 12 months Walter G. DeSocio 12 months Kathleen McKeough (6) Jaymin Patel 12 months Timothy Nyman 12 months Donald Sweitzer 12 months
(1) Sets forth individuals who are, or who were during fiscal 2005, executive officers and/or directors of GTECH Holdings Corporation ("Holdings") and who are currently parties to separation agreements. (2) Unless otherwise indicated, executive is to receive continuation of his or her base salary at time of separation, plus certain health, insurance and other benefits for the respective number of months indicated. (3) See Agreement, dated as of August 6, 2002, between W. Bruce Turner and Holdings. (4) Departed from Holdings effective April 22, 2005. (5) Scheduled to depart from Holdings effective May 15, 2005. (6) Departed from Holdings effective December 31, 2004. See Severance Agreement and Release, dated as of November 24, 2004, by and among Holdings, GTECH Corporation and Kathleen McKeough.