Lori Senecal Resignation Letter from MDC Partners Inc. Board of Directors (Effective July 1, 2015)

Contract Categories: Human Resources › Separation Agreements
Summary

This letter documents Lori Senecal's resignation from the Board of Directors of MDC Partners Inc., effective July 1, 2015. Despite stepping down from the board, she will continue to serve as President and CEO of The MDC Partners Network and remain covered by the company's directors and officers (D&O) insurance. The letter confirms that her resignation from the board does not breach her employment agreement, and all terms of her employment remain unchanged.

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EX-10.3 3 mdca-20150630xexhibit103.htm EXHIBIT 10.3 MDCA-2015.06.30-Exhibit 10.3

Exhibit 10.3


June 29, 2015



Mitchell Gendel, General Counsel
MDC Partners Inc.
745 5th Avenue, 19th Floor
New York, NY 10151

                RE: Resignation from Board of Directors

Dear Mitch,

                This letter confirms my resignation as a member of the Board of Directors of MDC Partners Inc., effective as of July 1, 2015.  I will continue to serve as an executive officer of MDC Partners (President and Chief Executive Officer, The MDC Partners Network) notwithstanding my resignation from the Board of Directors, and I will continue to be covered by MDC Partners’ D&O insurance coverage.

To confirm, it is agreed that my resignation will not be deemed to be a breach in any respect of my obligations as an executive officer under my Amended and Restated Employment Agreement with MDC Partners, dated as of August 11, 2014.

Each of the parties’ respective obligations and responsibilities under my Employment Agreement will continue in full force and effect notwithstanding my resignation as a member of the Board of Directors of MDC Partners.

Sincerely,

/s/ Lori Senecal

Lori Senecal
President and CEO,
The MDC Partners Network
MDC Partners Inc.