Severance Agreement between JGWPT Holdings, LLC and Stefano Sola
This agreement outlines the severance terms offered by JGWPT Holdings, LLC to Stefano Sola. If Stefano's employment is involuntarily terminated for any reason other than cause, he will receive 52 weeks of salary at his current base pay, provided he signs the company's severance and release documents. The payment will follow the company's regular payroll schedule. The agreement was accepted by Stefano Sola on August 20, 2012.
Exhibit 10.6
August 15, 2012
Stefano Sola
Re: Severance Arrangement
Stefano:
The purpose of this letter is to provide to you details of a severance arrangement offered to you by JGWPT Holdings, LLC (on behalf of itself and its subsidiaries) (the “Company”) as set forth herein.
In the event your employment with the Company and/or any subsidiary or affiliate of the Company is involuntarily terminated for any reason (other than a termination for “cause”, which includes but is not limited to acts such as theft and fraud), you will receive, subject to your execution of the Company’s severance and release documentation, fifty-two (52) weeks of salary at your current base rate of pay (paid in accordance with the Company’s normal payroll practice).
Please feel free to contact me with any questions that you may have regarding the foregoing.
Yours,
| /s/ David Miller | |
| David Miller | |
| CEO |
Accepted and agreed to this 20 day of August 2012
| /s/ Stefano Sola | |
| Stefano Sola |
