Employment Agreement Termination Letter between Global Consumer Acquisition Corp. and Mark Daigle

Contract Categories: Human Resources › Separation Agreements
Summary

Global Consumer Acquisition Corp. and Mark Daigle have mutually agreed to terminate their amended and restated employment agreement, effective immediately. Both parties are released from any further obligations under the agreement, except for Section 24, which preserves Mr. Daigle's waiver of rights and claims to certain funds held in trust for public stockholders. The letter is signed by both parties to confirm their understanding and agreement to these terms.

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EX-10.1 2 y79334exv10w1.htm EX-10.1 exv10w1
Exhibit 10.1
GLOBAL CONSUMER ACQUISITION CORP.
1370 Avenue of the Americas
28th Floor
New York, NY 10019
September 15, 2009
Mr. Mark Daigle
     Re: Amended and Restated Employment Agreement, dated as of August 31, 2009
Dear Mark:
          This will confirm that, except as set forth below, the above-referenced employment agreement between you and us is hereby terminated, effective immediately, with the effect that neither you nor we shall have any further duty or obligation thereunder.
          Section 24 of the above-referenced employment agreement containing, among other things, your waiver of rights and claims against certain amounts placed in a trust account for the benefit of our public stockholders shall, however, survive in full force and effect.
          We are sorry that this opportunity to work together did not work out, and look forward to exploring other opportunities with you in the future.
          Please confirm that this accurately reflects our mutual agreement and understanding by signing and returning to us the enclosed duplicate of this letter.
         
  Very truly yours,

GLOBAL CONSUMER ACQUISITION CORP.
 		  
  By:   /s/ Jason N. Ader    
    Jason N. Ader   
    Chairman   
 
         
ACKNOWLEDGED AND AGREED:
 		    
/s/ Mark Daigle      
MARK DAIGLE