本保密分离协议及索赔解除协议(以下简称“协议)于生效日期(如本文所定义)之日,由Scott R. Behrens(执行官”) 和史提宾公司(以下简称“公司”). 高管和公司在此单独称为“一方”并共同称为“各方.”
鉴于,执行人员与公司的雇佣关系将按照本协议的规定结束;
鉴于,双方希望签署本协议以纪念双方在执行人员从公司过渡和分离方面的权利和义务。
因此,各方同意如下:
1.
离职日期. Executive’s employment with the Company shall end on November 1, 2024 (the “离职日期”). As of the Separation Date, Executive shall no longer be an employee of (or hold any other positions with) the Company and its affiliates. Executive agrees not to hold Executive out as a partner, member, director, officer or employee of, or as otherwise affiliated with, the Company or any of its affiliates (including on social media) after the Separation Date. Executive agrees to execute such documents promptly as may be requested by the Company to evidence Executive’s separation from employment, including but not limited to a written resignation from the Company’s Board of Directors. Regardless of whether Executive signs this Agreement, Executive will receive a lump sum payment of all then outstanding final compensation earned through the Separation Date in accordance with applicable law, minus applicable federal, state and local tax withholdings, for services performed for the Company through and including the Separation Date. Executive acknowledges and agrees that Executive shall submit any business expenses in accordance with Company policy within fifteen (15) days of the Separation Date, which shall be reimbursed in accordance with Company policy and regular payroll practices. Except as specifically set forth in this Agreement or as required under applicable law, and except as to any vested benefits under the Grandfathered vacation program, Company’s Retirement Plan for Salaried Employees, 401(k) plan, Employee Stock Ownership Plan II, Management Incentive Plan Deferral Program, and Performance Award Deferred Compensation Plan, Executive’s right to, and participation in, all benefit plans of the Company shall terminate as of the Separation Date in accordance with the specific terms of each plan. To the extent Executive has any vested assets under the Company’s 401(k) plan and Employee Stock Ownership Plan II, the status and treatment of any such assets shall be governed by the applicable terms of such plan. To the extent awarded, Executive will be eligible for an allocation of the Company’s 2024 profit sharing pursuant to the terms of the Employee Stock Ownership Plan II. Executive acknowledges and agrees that, with Executive’s execution and effectuation of this Agreement, Executive is waiving for all purposes, any Claim for additional employment-related compensation of any kind except as specifically set forth herein.
government official, either directly or indirectly, or to Executive’s attorney and (y) solely for the purpose of reporting or investigating a suspected violation of law; or (B) is made in a complaint or other document that is filed under seal in a lawsuit or other proceeding. If Executive files a lawsuit for retaliation by the Company for reporting a suspected violation of law, Executive may disclose the trade secret to Executive’s attorney and use the trade secret information in the court proceeding, if Executive files any document containing the trade secret under seal, and does not disclose the trade secret, except pursuant to court order. Nothing in this Agreement is intended to conflict with 18 U.S.C. § 1833(b) or create liability for disclosures of trade secrets that are expressly allowed by such section.
(g)
Nothing in this Agreement shall prevent Executive from discussing or disclosing information about unlawful acts in the workplace, such as harassment or discrimination or any other conduct Executive has reason to believe is unlawful.
15.
No Admission of Wrongdoing. Executive and Company agree that neither this Agreement, nor the furnishing of the consideration for this Agreement, shall be deemed or construed at any time to be an admission by Executive or any Released Party of any improper or unlawful conduct.
16.
Confidentiality of Agreement. Executive agrees that this Agreement is confidential and that confidentiality is mutually beneficial to the Parties. Executive agrees not to disclose any information regarding the terms of this Agreement, except to Executive’s immediate family and any tax, legal or other counsel Executive has consulted regarding the meaning or effect hereof or as required by law, and Executive will instruct each of the foregoing not to disclose the same to anyone. The Company may disclose the terms and conditions of this Agreement and the circumstances of Executive’s separation of employment if required for business purposes, including securities law requirements, and to effectuate this Agreement to its respective officers, employees, board of directors, stockholders, insurers, attorneys, accountants, state and federal tax authorities and those of its affiliates, or as may otherwise be required by law. Nothing in this Section is intended to restrict the Parties’ truthful cooperation with any governmental investigation or inquiry.
17.
第409A条. It is the intention of the Parties that payments or benefits payable under this Agreement comply with or be exempt from Code Section 409A, and not be subject to the additional tax imposed pursuant to Code Section 409A. To the extent such potential payments or benefits could become subject to Section 409A, the Parties shall cooperate to amend this Agreement with the goal of giving Executive the economic benefits described herein in a manner that does not result in such tax being imposed. A termination of employment shall not be deemed to have occurred for purposes of any provision of this Agreement providing for the payment of any amounts or benefits that constitute “nonqualified deferred compensation” within the meaning of Code Section 409A upon or following a termination of employment unless such termination is also a “separation from service” within the meaning of Code Section 409A and, for purposes of any such provision of this Agreement, references to a “termination,” “termination of employment” or like terms shall mean “separation from service.” For purposes of Code Section 409A, Executive’s right to receive any installment payments pursuant to this Agreement shall be treated as a right to receive a series of separate and distinct payments. Whenever a payment under this Agreement specifies a payment period with reference to a number of days
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(e.g., “payment shall be made within thirty (30) days following the date of termination”), the actual date of payment within the specified period shall be within the sole discretion of the Company. Notwithstanding anything to the contrary in this Agreement, if Executive is deemed on the Separation Date to be a "specified employee" within the meaning of that term under Code Section 409A(a)(2)(B), then with regard to any payment or the provision of any benefit that is considered “nonqualified deferred compensation” under Code Section 409A payable on account of a "separation from service," such payment or benefit shall not be made or provided until the date which is the earlier of (A) the expiration of the six (6)-month period measured from the date of such "separation from service" of Executive, and (B) the date of Executive’s death, in each case to the extent required under Code Section 409A. Upon the expiration of the foregoing delay period, all payments and benefits delayed pursuant to this section (whether they would have otherwise been payable in a single sum or in installments in the absence of such delay) shall be paid or reimbursed to Executive in a lump sum, and any remaining payments and benefits due under this Agreement shall be paid or provided in accordance with the normal payment dates specified for them herein.