Company: KG
Filing Date: 2025-07-03
Form Type: 8-K
Source: 0002055116-25-000009
Chunk: 9

Company: Kestrel Group Ltd
Filing Date: 2025-07-03
Form: 8-K
Item: Item 9.01
Chunk 9
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 law requires otherwise. Notwithstanding anything to the contrary in this Agreement to the extent that any payments under this Agreement are payable upon a separation from service, the settlement and payment of such payments (or other amounts) shall be made on the first business day after the date that is six (6) months following such separation from service (or death, if earlier) to the extent necessary to avoid the imposition of any individual tax and penalty interest charges imposed under 409A. Each amount to be paid or benefit to be provided under this Agreement shall be construed as a separate identified payment for purposes of 409A. In no event whatsoever will the Company be liable for any additional tax, interest or penalties that may be imposed on Employee under 409A or any damages for failing to comply with 409A. Whenever a payment under this Agreement specifies a payment period with reference to a number of days (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.

18. Employee warrants that Employee is fully competent to enter into this Agreement and Employee acknowledges that Employee has been afforded the opportunity to review this Agreement with an attorney for at least twenty-one (21) days, that Employee has been advised to consult with an attorney of Employee’s choice before signing this Agreement, that Employee has consulted with an attorney prior to executing this Agreement, that Employee has read and understands this Agreement and that Employee has signed this Agreement freely and voluntarily. Further, Employee understands that Employee has the opportunity to revoke such Agreement within seven (7) days of signing it (the “ Revocation Period”). Employee understands that if Employee does revoke this Agreement, Employee must notify the Company in writing within seven (7) days of signing this Agreement and must return any amount Employee has received hereunder in such event. If Employee does not revoke this Agreement, it shall become effective upon the expiration of the Revocation Period (the “ Effective Date”).

PLEASE READ CAREFULLY. THIS AGREEMENT INCLUDES A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS. To signify the parties’ agreement to the terms of this Agreement, the parties have executed this Agreement on the date set forth opposite their signatures which appear below.

  LAWRENCE METZ          KESTREL GROUP LTD.                

EXHIBIT A

Lawrence Metz has made the decision to leave Kestrel to pursue other opportunities, effective June 30, 2025. We thank Larry for