Employment Agreement Termination and Change in Control Severance Plan Participation Letter – UniTek Global Services and Daniel Yannantuono

Contract Categories: Human Resources › Separation Agreements
Summary

This letter agreement between UniTek Global Services Inc. and Daniel Yannantuono confirms the mutual termination of Yannantuono’s prior Employment Agreement, including all non-competition provisions. In exchange, Yannantuono is approved to participate in the company’s Change in Control Severance Plan. The agreement clarifies that Yannantuono remains an employee of the company and is governed by Pennsylvania law. The termination is effective as of March 31, 2014.

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EX-10.37 3 a2013form10-kex1037.htm EXHIBIT 10.37 2013 Form 10-K Ex. 10.37


Exhibit 10.37

UniTek Global Services
1777 Sentry Parkway West
Gwynedd Hall, Suite 302
Blue Bell, PA 19422

March 31, 2014
Daniel Yannantuono
4069 Steeple Chase Drive
Collegeville, PA 19426

Dear Dan:
You and Unitek Global Services Inc. (the “Company”) are currently parties to an Employment Agreement dated July 5, 2009, as amended as of December 1, 2010 (the “Employment Agreement”). You and the Company have mutually agreed to terminate the Employment Agreement, and to waive the notice provisions set forth in Section 5 of the Employment Agreement. As consideration for your agreement to terminate the Employment Agreement, the Compensation Committee of the Board of Directors of the Company has approved your participation in the Unitek Global Services Inc. Change in Control Severance Plan, effective upon the termination of the Employment Agreement.
Accordingly, you and the Company agree that the Employment Agreement, including, but not limited to the non-competition restrictions set forth in Section 9(b) of the Employment Agreement and any other agreement dated prior to March 26, 2014, containing provisions pertaining to a non-competition restriction, are hereby terminated. It is understood that the termination of the Employment Agreement in accordance with the terms set forth herein does not affect your continued status as an employee of the Company.
This letter agreement shall be governed by and interpreted in accordance with the laws of Pennsylvania applicable therein, without giving effect to the principles of conflict of laws thereof.
Sincerely,
/s/ Rocky Romanella
Rocky Romanella                    
Chief Executive Officer

Agreed and Accepted:
/s/ Daniel Yannantuono
Daniel Yannantuono

Date:March 31, 2014