Executive Severance Agreements between Company and Executive Officers R. Paul Guerre and Michael Jeppesen

Contract Categories: Human Resources › Severance Agreements
Summary

This agreement outlines the severance terms for executive officers R. Paul Guerre and Michael Jeppesen with the Company. If their employment ends due to a change of control, each executive is entitled to a severance payment equal to two times their salary, covering a period of two years, with benefits continuing for 24 months. The agreement specifies the conditions under which these payments and benefits are provided.

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EX-10.14 3 d463484dex1014.htm EX-10.14 EX-10.14

Exhibit 10.14

Exhibit 10.14

The following current executive officers have entered into Executive Severance Agreements with the Company in the form filed herewith. The information listed below is inserted into the blanks for the respective executive officer’s Executive Severance Agreement.

 

    

Salary
Multiplier

Rate

 

        

Change of Control

 

        Termination
Period		    Continuation
Period
     (Section 4(a)(4))    (Section 1(n))    (Section 2)

R. Paul Guerre

        2          2 years          24 months  

Michael Jeppesen

        2          2 years          24 months