Exhibit 10.1
 
 
SEPARATION AGREEMENT AND GENERAL RELEASE

This is a Separation Agreement and General Release (“Agreement”) between
AngioDynamics, Inc. (“Employer”) and Joseph M. DeVivo (“Employee”) dated April
22, 2016 (the “Effective Date”) in complete settlement of all issues concerning
Employee’s employment and termination of employment with Employer.  As used in
this Agreement, “Employer” shall mean AngioDynamics, Inc. and its parent(s),
subsidiaries, predecessors, divisions, affiliates, successors, assigns, and all
of its and their current and former directors, officers, employees, and agents
(in their individual and representative capacities); “Employee” shall include
Joseph M. DeVivo and his heirs, executors, administrators, and assigns.
TERMS

For mutual consideration, including Employee’s right to receive certain payments
and benefits under this Agreement, and the Employer’s right to be free from
legal action initiated by, or on behalf of Employee, the parties agree to the
following:

1. Termination of Employment.  Employee’s last day of active employment with the
Employer was March 31, 2016 (hereinafter “Separation Date”).  The employment
relationship is permanently and irrevocably severed, and the Employer has no
obligation to re-employ Employee.  Employee has resigned from all positions he
held with Employer (and its affiliates), including his membership on Employer’s
Board of Directors; he has also resigned from any positions he may have held as
a fiduciary of any benefit plan of the Employer and such resignation is attached
as Appendix D.

2. Payment and Benefits.  Employer has provided or will provide the following,
provided that Employee fully complies with all obligations under this Agreement,
including the requirement to transition all responsibilities as determined and
required by Employer.  The payments provided for herein do not include
Employee’s base salary, which shall be paid by the Employer through March 31,
2016.  After the Employer receives the executed original of this Agreement,
Employee will be eligible to receive the following from the Employer:
 
a.       Severance.  Severance payment in the amount of Six Hundred Forty Four
Thousand and 00/100 Dollars, which is equal to Employee’s current regular base
salary, subject to final ratification by Employer’s Compensation Committee. 
This payment shall be made at regular payroll intervals and subject to
applicable withholdings and deductions, commencing within thirty (30) days of
the Separation Date, as follows:
 
i.         Because Employee is a “Specified Employee” pursuant to Section 409A
of the Internal Revenue Code, for the first six (6) months, the payments shall
conform to the exception from deferred compensation under Section 409A of the
Internal Revenue Code for separation pay due to an involuntary separation from
service, and therefore will be, in total, $265,000, paid in installments at
regular payroll intervals and subject to applicable withholdings and deductions.
 
ii.        On the regular payroll date that is six (6) months and one day
following the Separation Date, Employee will receive a catch-up payment equal to
$57,000 (less applicable deductions and withholdings), and
 
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iii.      The remainder of the severance payment specified in paragraph (a) will
be paid in installments at regular payroll intervals, subject to applicable
withholdings and deductions, beginning with the payroll date that begins
coincident with or next following the date that is six (6) months and one day
following the Separation Date.
b.  Stock Options, Restricted Stock Units and Performance Rights.
 
i.         Stock options, restricted stock units and performance shares and/or
performance units shall be governed by the terms of the 2004 Stock and Incentive
Award Plan (the “Plan”) and any granting documents.
 
ii.        Notwithstanding anything to the contrary in the applicable granting
documents, the Employer’s Board shall take such necessary steps to provide that
any of Employee’s unexpired but unvested performance shares, stock options and
restricted stock units, as set forth on the attached Appendix C, will continue
to vest according to their terms during the twelve (12) month period following
the Effective Date.  For the avoidance of doubt, unvested options, performance
shares and restricted stock units shall continue to vest as if Employee were
still employed during this twelve (12) month period, and vested options shall
remain exercisable until the end of this twelve (12) month period. No additional
vesting will occur after the end of this twelve (12) month period, which will
occur on April 22, 2017.  No options shall be exercisable after April 22, 2017.
 
iii.      Through September 27, 2016, which is one hundred eighty (180) days
after the Separation Date, Employee shall not perform any purchases or sales (as
such terms are defined under the Securities Laws of the United States) involving
Employer stock during any customary Employer blackout period.  Employer shall
notify Employee of any and all blackout periods.  Employee shall be responsible
for any reporting requirements related to any stock transactions after the
Separation Date, and, provided Employer is notified of all transactions by
Employee, Employer shall report said transactions as required by law.
c.  Vacation.  Payment for all accrued but unused vacation pay; and
 
d.   Health Benefits.  Employer offers continuation of group health, dental,
vision, prescription drug and health flexible spending account coverage
maintained by Employer (“Health Plan”) in which Employee is enrolled on the
Separation Date, pursuant to the continuation coverage and requirements of the
Consolidated Omnibus Budget Reconciliation Act (“COBRA”), measured from the
Separation Date.  Notification of conditions to continue these benefits will be
provided to Employee as required by COBRA regulations.  Coverage is subject to
the terms of the Employer’s Health Plan.  Employer reserves and retains the
right to select the provider of benefits under the Health Plan and makes no
promises, express or implied, with regard to specific coverage provided or
premiums charged.
Except to the extent deemed discriminatory or otherwise prohibited by the
Affordable Care Act or other state or federal law, Employer shall continue to
provide Employee with
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group health benefits (at the coverage levels in effect immediately prior to
Employee’s termination) until the earlier of (i) a period of twelve (12) months
from the Separation Date, (ii) the date on which Employee accepts an offer of
employment that provides similar insurance coverage, or (iii) the date Employee
is no longer eligible to receive such coverage.

3.           No other benefits.  Except as provided above, all other employee
benefits will cease on the Separation Date.

4.           Transition.
 
a.       Employee shall reasonably cooperate with the Employer at least through
September 27, 2016, which is one hundred eighty (180) days following the
Separation Date, in transitioning all pending matters, including but not limited
to, responding to all questions concerning pending business matters and
projects, plans, locating files, documents, records, data of any type, and
explain any processes, negotiations, or other business matters.
 
b.      Employee also agrees to provide reasonable assistance to the Employer
and cooperate with the Employer in relation to its prosecution or defense of any
litigation or other controversies, if Employee has, either directly or
indirectly, any documents or information that could lead to the discovery of
admissible evidence in such litigation or controversies.

 
5.            Other Payments and Benefits.  Employee understands that the
payments described in paragraph “2” shall be in lieu of, and not in addition to,
any payments to which Employee might otherwise be entitled under the employment
agreement entered into by Employee and Employer on August 15, 2011 (“Employment
Agreement”), any severance or separation pay policy sponsored by the Employer,
or any other plan, policy, or benefit provided or sponsored by the Employer. 
Employee acknowledges that the payments provided for herein include the entire
amount of consideration to which Employee is entitled.  Employee agrees not to
seek any further compensation in connection with the matters encompassed in this
Agreement or arising from Employee’s employment with the Employer.

6.            Release.
 
a.    Except as described in paragraph “9” below, Employee fully and completely
releases and discharges Employer from any and all claims, actions and causes of
action that Employee may have had, now has or hereafter may have against
Employer up to the date of this Agreement and waives any and all claims,
actions, or causes of action Employee may have had, now has or hereafter may
have against Employer up to the date of this Agreement, including but not
limited to any and all claims, actions or causes of action under Title VII of
the Civil Rights Act, the Family and Medical Leave Act, the Fair Labor Standards
Act, the Americans with Disabilities Act, the Age Discrimination in Employment
Act, the New York Human Rights Law, the District of Columbia Human Rights Act,
Section 1981 through 1988 of Title 42 of the United States Code, the National
Labor Relations Act, the Equal Pay Act, the Employee Retirement Income Security
Act (“ERISA”), the Occupational Safety and Health Act, the New York Labor Law,
the nondiscrimination and/or retaliation provisions of the New York
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Workers’ Compensation Law, the Delaware General Corporation Law and other
Delaware law, and any other federal, state or local employment or other laws and
regulations, and all statutory and common law claims, including but not limited
to claims of breach of express or implied contract, wrongful discharge, breach
of fiduciary duty, derivative claims and/or claims on behalf of the Employer,
defamation, slander, intentional and negligent infliction of emotional distress,
and all claims for attorneys’ fees, costs and expenses, and any other claims
arising out of or related to Employee’s employment with Employer and the
termination of that employment; provided, however, that this shall not affect
Employee’s entitlement to any vested accrued benefit to which he is entitled
under any employee benefit plan subject to ERISA, nor does it affect any right
he may have to file an unemployment benefits claim.  This release provision
shall be construed to release all claims to the full extent allowed by law.  If
any term or provision of this paragraph is declared unenforceable by a court or
other tribunal of competent jurisdiction, it shall not adversely affect the
enforceability of the remainder of this paragraph.
 
b.    Except as described in paragraph “9” below, Employee acknowledges and
agrees that he has not commenced and will not commence any action or proceeding
against Employer, either individually in any type of proceeding or as a member
of a class, based upon acts, occurrences or events occurring prior to the
signing of this Agreement.  If Employee breaches this provision and files an
action or proceeding falling within its scope, he agrees to pay the costs and
fees Employer incurs in defending such action or proceeding, including court
costs and reasonable attorneys’ fees, and Employee acknowledges and agrees that
no additional payments of severance shall be made pursuant to paragraph “2” of
this Agreement.
 
c.    Nothing herein shall be deemed to release or waive Employee’s rights to
(1) defense and indemnity under any certificate, bylaw, resolution or policy of
Employer, (2) liability insurance coverage (such as directors’ and officers’
liability insurance), or (3) Employer’s contributions to Employee’s 401(k) that
have vested to Employee as of the Separation Date.
 
d.    Employer fully and completely releases and discharges Employee from any
and all claims, actions and causes of action that Employer may have had, now has
or hereafter may have against Employee up to the date of this Agreement and
waives any and all claims, actions, or causes of action Employer may have had,
now has or hereafter may have against Employee up to the date of this Agreement;
provided, however, that this release shall not apply to any claims by Employer
against Employee arising from Employee’s fraud, theft, defalcation, breach of
fiduciary duty, or gross misconduct about which the individual members of
Employer’s Board of Directors (except for Employee) are unaware as of the
Effective Date;  and provided further that Employer’s Board of Directors
represents that it is not aware of any basis for any such claim at this time. 
Employer’s Board of Directors has not conducted any investigation into any
potential claims against Employee, and is not required by this Agreement to do
so.  Except where expressly indicated otherwise, this release provision shall be
construed to release all claims to the full extent allowed by law.  If any term
or provision of this paragraph is declared unenforceable by a court or other
tribunal of competent jurisdiction, it shall not adversely affect the
enforceability of the remainder of this paragraph.
 
 
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e.    Employer acknowledges and agrees that it has not commenced and will not
commence any action or proceeding against Employee based upon acts, occurrences
or events occurring prior to the signing of this Agreement, provided, however,
that this section 6(e) shall not apply to any potential claims by Employer
against Employee arising from Employee’s fraud, theft, defalcation, breach of
fiduciary duty, or gross misconduct about which the individual members of
Employer’s Board of Directors (except for Employee) are unaware as of the
Effective Date.  If Employer breaches this provision and files an action or
proceeding falling within its scope, it agrees to pay the reasonable costs and
fees Employee incurs in defending such action or proceeding, including court
costs and reasonable attorneys’ fees.
 
7.            Covenant Not to Sue.  Except as described in paragraph “9” below,
Employee represents and warrants that Employee has not filed and will not file
any claim, charge or lawsuit (civil, administrative or criminal) against the
Employer, either individually in any type of proceeding or as a member of a
class, based upon acts, occurrences or events occurring prior to the signing of
this Agreement.  If Employee breaches this provision and files an action falling
within its scope, Employee agrees to indemnify Employer for all costs, including
court costs and reasonable attorneys’ fees, incurred by Employer in the defense
of such action or in establishing or maintaining the application or validity of
this Agreement or the provisions thereof, and Employee acknowledges and agrees
that no additional payments of severance shall be made pursuant to section 2 of
this Agreement.

8.            No Cooperation.  Employee agrees that he will not counsel or
assist any attorneys or their clients in the presentation or prosecution of any
disputes, differences, grievances, claims, charges, or complaints by any third
party against Employer and/or any officer, director, employee, agent,
representative, shareholder or attorney of the Employer, unless under a subpoena
or other court order to do so.

9.            EEOC and Other Proceedings.  Employee understands that nothing in
this Agreement prevents Employee from filing an action to enforce this Agreement
or from filing a charge with the Equal Employment Opportunity Commission
(“EEOC”), the Securities and Exchange Commission (“SEC”) or the National Labor
Relations Board (“NLRB”) or participating in any investigation or proceeding
conducted by the EEOC, SEC or NLRB.  However, Employee understands and agrees
that Employee is waiving any entitlement or right to recover any monetary or
other personal relief as a result of any such EEOC, NLRB  or SEC proceeding. 
Employee further agrees to turn over to Employer any such monetary award arising
from any SEC or other government proceeding (except for any EEOC or NLRB
proceeding).  Employee is not aware of any possible claims, causes of action,
violations, or other similar matters related to any statute or regulation
enforced by, or within the jurisdiction of, the EEOC, SEC or NLRB at this time.

10.         No Admission of Liability.  By entering into this Agreement, neither
the Employer nor Employee admits any wrongdoing or liability.  Employee
acknowledges that the Employer has not violated any law, statute, ordinance,
contract, duty or obligation whatsoever, committed any tort, or engaged in any
wrongful conduct with respect to Employee.

11.         Confidentiality/Noncompetition/Nonsolicitation.
 
 
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a.    Confidentiality. Employee acknowledges and agrees that:
 
i. in the course of his employment with the Employer, he obtained knowledge of
confidential and proprietary information of a special and unique nature and
value and became familiar with the Employer’s trade secrets relating to the
conduct and details of the Employer’s business.  Therefore, it is possible that
he could cause irreparable harm to the Employer, which may not be adequately
compensated by monetary damages, if he violates the restrictive covenants in
this Agreement.

ii. In the course of performing his duties and responsibilities for Employer,
Employee has been a representative of Employer to its customers, clients and
suppliers and as such had significant responsibility for maintaining and
enhancing Employer’s goodwill with such customers, clients and suppliers and
would not have, except by virtue of the employment with Employer, developed a
close and direct relationship with Employer’s customers, clients and suppliers.

iii. Employer is entitled to protect, and through this Agreement seeks to
protect its proprietary rights which include the right to protect confidential
and proprietary information, as defined in this Agreement, and trade secrets,
the right to preserve Employer’s goodwill and the right to the benefit of any
relationships that have developed between Employee and Employer’s customers,
clients and suppliers by virtue of Employee’s employment with Employer.
iv. Employee represents and warrants that, unless compelled or expressly
permitted by operation of law, Employee shall not, directly or indirectly,
disclose, reveal, publish, or in any other manner communicate to any third
party, whether written or oral, any information obtained during Employee’s
period of employment that is or may be considered proprietary or confidential to
Employer.  Confidential and proprietary information includes, but is not limited
to, non-public corporate information, including plans, strategies, tactics,
policies, procedures and practices, customers, suppliers, products, services,
research, development, manufacturing, purchasing, finance, engineering, designs,
concepts; non-public marketing information; non-public strategic information;
and any and all other non-public information, in whatever form, related to
Employer’s business including, but not limited to, financial information,
operations information, personnel information, and affiliate, supplier, customer
and business partner information.  Confidential information does not include
information that is publicly available (a) prior to the date of this Agreement,
or (b) by reason of acts not attributable to a breach of this Agreement.
v. In the course of his employment, Employee has received information that is
considered material inside information within the meaning and intent of federal
securities laws, rules and regulations.  Employee shall not disclose this
information directly or indirectly, or use as a basis for advice to any other
party concerning any decision to buy, sell or otherwise trade in the Employer’s
securities.
 
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vii.         If Employee is required by law or valid court order to disclose
information that is precluded by this Agreement or the August 15, 2011
Confidentiality Agreement previously executed by Employee (“Confidentiality
Agreement”), a copy of which is attached as Appendix B, Employee shall utilize
his best efforts to provide advance written notice to Employer to allow Employer
an opportunity to contest the impending disclosure.

b.     Noncompetition.
 
i.            Employee recognizes and acknowledges that it is possible that he
could cause irreparable harm to Employer which may not be adequately compensated
by monetary damages if he enters into the employment of a Competitive Enterprise
(as hereinafter defined).
 
ii.           Through March 31, 2017, which is twelve (12) months from the
Separation Date, Employee shall not directly or indirectly:
 
(a) own an interest in, manage, operate, join, control, lend money or render
financial or other assistance to or participate in or be connected with, as an
officer, employee, partner, stockholder, member, manager, consultant or
otherwise, any individual, partnership, firm, corporation, company or other
organization or entity (hereinafter referred to as “Competitive Enterprise”)
engaged in the development, research, manufacture, production, marketing or sale
of medical device products that directly compete with Employer’s existing
products or products currently under development by Employer (hereinafter
referred to as “Competitive Products”).  Given the global nature of Employer’s
business, the noncompetition provision contained in this paragraph shall apply
to any Competitive Enterprise, regardless of location, and to any position held
by Employee for any Competitive Enterprise, whether as an employee, consultant,
independent contractor, owner or in any other capacity whatsoever.  Employee
agrees that the foregoing restriction does not unduly restrict his vocational
opportunities  as it does not prohibit Employee from working for other than
those that fall within the scope of this paragraph; or
 
(b) solicit or accept any business with respect to any Competitive Products from
any customers with which Employer has an existing business relationship as of
the date of this Agreement.
 
c.     Non-solicitation/Non-interference.  Through March 31, 2017, which is
twelve (12) months from the Separation Date, Employee agrees that he will not:
 
i. directly or indirectly solicit or recruit for employment, hire, employ or
attempt to employ any individual who was employed by Employer as of the
Separation Date or at any time within the one year period
 
 
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prior to the Separation Date, or entice or suggest to such individual to
terminate his employment with Employer; and
 
ii. directly or indirectly interfere with or assist, or in any way be involved
with any third party’s attempt to interfere with, the business operations of
Employer.
 
d.     Non-disparagement.    Employee shall not, whether in writing or orally,
disparage or denigrate Employer or any affiliate of Employer, or any of their
respective current or former affiliates, directors, officers, employees,
members, partners, agents, or representatives. Likewise, Employer agrees that
the members of the current Board of Directors of Employer shall not, whether in
writing or orally, disparage or denigrate Employee or his skills, talents, or
abilities.
 
e.      Reasonableness.  Employee acknowledges and agrees that the restrictive
covenants in this Agreement and in the Confidentiality Agreement, are reasonable
and properly required for the adequate protection of the Employer’s business. 
Employee further agrees that he will not raise any issue of reasonableness as a
defense in any proceeding to its enforcement.  If any geographical or time
limitation is deemed to be unreasonable by a court of competent jurisdiction,
Employee agrees and submits to the reduction of the geographical or time
limitation to a limit as the court shall deem to be reasonable.
 
f.     Enforcement.  In the event of an actual or threatened breach of this
paragraph “11” of this Agreement or the Confidentiality Agreement, Employee
acknowledges that the Employer will be irreparably damaged and that the Employer
is entitled to an injunction restraining him from violating the restrictive
covenants.  In addition, Employee acknowledges and agrees that no additional
payments of severance shall be made pursuant to paragraph “2” of this Agreement
upon an actual or threatened breach of this paragraph “11”.  Nothing in this
Agreement or the Confidentiality Agreement shall be construed as prohibiting the
Employer from pursuing any other available remedies for such breach or
threatened breach of this Agreement or the Confidentiality Agreement.  In the
event of a breach of this covenant or a breach of any other covenant stated in
this Agreement, Employer shall be relieved of its obligation to make any
remaining payments under this Agreement and shall be entitled to commence a
civil action to recover all payments previously made or its actual damages,
whichever is greater, unless otherwise prohibited by law.  If one or more
provisions of this Agreement or the Confidentiality Agreement are determined by
a court of competent jurisdiction to be invalid, illegal, or unenforceable in
any respect, the validity, legality, and enforcement of the remaining provisions
shall not in any way be affected or impaired.
 
g.      Supersession.  This Agreement supersedes all prior agreements between
the Employer and Employee, including the Employment Agreement and the
Confidentiality Agreement, except with respect to section 6.1(b) of the
Employment Agreement which shall remain in effect.
 
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12. Employment Reference.  In response to requests for job references, the
Employer’s Human Resources Department shall limit its response to confirmation
of Employee’s dates of employment with the Employer, positions held, and pay
rates.  If further information is requested, the Employer shall state that its
policy is not to provide any further information.

13. Older Worker Benefit Protection Act.  Employee acknowledges and agrees that
in accordance with the terms of the Age Discrimination in Employment Act
(“ADEA”), as amended by the Older Workers Benefit Protection Act:
 
a.       Employee has read and understands this Agreement and knowingly and
voluntarily entered into this Agreement without fraud, duress, or any undue
influence.
 
b.       Employee acknowledges that by this Agreement the Employer advised
Employee in writing to consult with an attorney before signing this Agreement.
 
c.       Employee understands the language of this Agreement and its meaning,
particularly with respect to Employee’s waiver and release of any claims against
the Employer.
 
d.       Employee has been afforded twenty-one (21) days to consider the terms
of this Agreement, but may voluntarily elect to sign the Agreement in a shorter
period of time.
 
e.       Employee can accept the terms of this Agreement by providing an
executed agreement to Stephen Trowbridge, Senior Vice President and General
Counsel, AngioDynamics, Inc., 14 Plaza Drive, Latham, NY 12110 or by facsimile
at (518) 798-1435, by 5 p.m. on April 22, 2016.
 
f.       Employee has seven (7) days following the execution of this Agreement
to revoke the Agreement, and the Agreement will not become effective or
enforceable until the seven (7) day period has expired.  Employee may revoke the
Agreement by ensuring written notice of revocation is received by the Employer
by 5 p.m. on the seventh (7th) calendar day following the execution of this
Agreement.
 
g.      As stated in the Employment Agreement, the Employee is not entitled to
the payments set forth in paragraph “2” unless Employee executes and provides
such release of any claims he may have against the Employer, and, therefore,
Employee is receiving consideration under this Agreement to which he is not
otherwise entitled. 
 
h.      Employee is not waiving any rights or claims that may arise after the
date this Agreement is executed.

14.         Tax Obligations.  Employee acknowledges that the Employer has not
given any advice as to the characterization of payments received under this
Agreement for any personal tax responsibility such payments may generate. 
Should any taxing authority challenge Employee’s treatment or characterization
of the payments, Employee acknowledges that the Employer has no obligation
whatsoever to indemnify, defend, aid, pay or reimburse Employee for any
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underpayment, overpayment, penalty or interest charge the taxing authority may
assess against or claim is due from Employee.

15.         Confidentiality of Agreement.  Employee shall keep the existence and
contents of this Agreement confidential and shall not disclose it or its terms
to any third party, except for the purposes of enforcement, as a defense to any
administrative or legal proceeding or as otherwise required by law.  The terms
of this paragraph shall not apply to such disclosures to Employee’s attorney,
financial advisors or spouse, or factual disclosures as may be required pursuant
to court order or subpoena or as part of any EEOC proceedings.  Employee further
acknowledges that if a court of competent jurisdiction determines that Employee
has breached this confidentiality provision, Employee shall, without prejudice
to any other remedies the Employer may have, be liable to pay liquidated damages
to the Employer in the amount one of five  hundred thousand dollars
($500,000.00).  Employee and the Employer acknowledge that in the event of a
breach of this provision, the exact amount of damages suffered by the Employer
would be difficult to ascertain with certainty, and that the amount provided
herein is reasonably proportionate to the amount of damages that would be
suffered.

16.          Return of Company Property/Confidential Information.  At an agreed
upon time, Employee shall return any and all Employer property, including,
without limitation, any documents, records, communications, or similar visual or
conceptual presentations of any type, and all duplicates and copies thereof,
regardless of the form in which they exist or are stored, that contain any
confidential and/or proprietary information, including but not limited to,
financial information, business and strategic plans, and other similar
confidential materials or information, and any other equipment or other property
that belongs to the Employer.

Except for the Employer provided iPhone and iPad, Employee shall return the
Employer provided laptop computer and other devices by April 22, 2016.  
Employer agrees that Employee will retain possession of his Employer issued
iPhone and iPad. Employee agrees that Employer will remove all confidential and
proprietary information on the iPhone and iPad and that Employee will assume all
costs associated with the operation of the iPhone and iPad beginning on April 1,
2016.

Employer acknowledges that Employee has already returned his Employer leased
vehicle.
 
17.          Section 409A.  The parties intend for this Agreement either to
satisfy the requirements of Section 409A of the Internal Revenue Code of 1986,
as amended, and all applicable guidance promulgated thereunder (together,
“Section 409A”) or to be exempt from the application of Section 409A, and this
Separation Agreement shall be construed and interpreted accordingly.   
 
a.         Notwithstanding any provision in this Agreement to the contrary, any
termination of employment contemplated under this Agreement shall satisfy the
applicable requirements of a “separation from service” under Section 409A.
 
b.        Notwithstanding any provision in this Agreement to the contrary, in
the event that Employee is a “specified employee” (as defined in Section 409A),
any severance payment, severance benefits or other amounts payable under this
Agreement that would be subject to the special rule regarding payments to
“specified employees” under Section
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409A(a)(2)(B) of the Code (together, “Specified Employee Payments”) shall not be
paid before the expiration of a period of six months following the date of
Employee’s termination of employment (or before the date of Employee’s death, if
earlier).
 
c.        To ensure satisfaction of the requirements of Section 409A(b)(3) of
the Code, assets shall not be set aside, reserved in a trust or other
arrangement, or otherwise restricted for purposes of the payment of amounts
payable under this Separation Agreement.
 
d.        If the period during which the Employee may consider the waiver and
release herein begins in one tax year of the Employee and ends in a second tax
year, payment will commence or be made in the second tax year.

18.         Costs.  The parties shall each bear their own costs, expert fees,
attorneys’ fees and other fees incurred in connection with this Agreement.

19.         Authority.  Employee represents and warrants that he has the
capacity to act on his own behalf and on behalf of all who might claim through
him to bind them to the terms and conditions of this Agreement.

20.         Voluntary Execution.  Employee represents that he has had the
opportunity to consult with an attorney, and has carefully read and understands
the scope and effect of the provisions of this Agreement.

21.         Choice of Law/Venue.  This Agreement shall be governed by and
construed in accordance with the laws of the State of New York, without regard
to New York’s rules regarding choice of law.  Any proceeding between the parties
relating to this Agreement shall be held in a court of competent jurisdiction in
the county of Albany, State of New York, or the federal courts of the Northern
District of New York.  All parties agree to be subject to the personal
jurisdiction of the courts of New York.

22.          Severability.  The language of all parts of this Agreement shall be
construed as a whole, according to its fair meaning and not strictly for or
against either party.  If any provision or part of this Agreement is deemed to
be invalid or unenforceable for any reason, such provision or part shall be
treated as if it were deleted from the Agreement and the remainder of the
Agreement shall remain in full force and effect.

23.          Notice.  Any notice required to be given to either party under this
Agreement shall be deemed effectively given when personally delivered or sent by
certified or registered mail, postage prepaid, as follows:
 
To the Employer: 
Stephen Trowbridge

Senior Vice President and General Counsel
AngioDynamics, Inc.
14 Plaza Drive
Latham, New York 12110

   
To Employee:  
Joseph M. DeVivo
28 Sydney Hill Road

 
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Saratoga Springs, New York 12866

 
 
or to such other address as either party may designate by like notice. Any
notice, consent or other communication required or permitted to be given
hereunder shall be deemed to have been given on the date of mailing or personal
delivery.

24. Complete Defense.  Employee understands and agrees that this Agreement may
be pled by Employer as a complete defense to any claim or entitlement which may
be asserted by Employee, or on his behalf, in any suit, claim or proceeding
against Employer concerning any matter arising up to and including the date of
execution of this Agreement.

25. Miscellaneous.  Employee represents and warrants that Employee has not taken
action contrary to the terms of this Agreement from the date of this Agreement
to the date the Employee executes this Agreement.  Any such action contrary to
the terms of this Agreement will void the terms of this Agreement and Employee
will not be entitled to the benefits described herein.

This Agreement may be executed in any number of counterparts and by different
parties in separate counterparts, each of which when so executed and delivered
via facsimile or PDF document shall be deemed to be an original and all of such
counterparts taken together shall constitute but one and the same instrument.

This signed Agreement, together with the General Release and, the employee
Confidentiality Agreement, attached as Appendix “B,” set forth the entire
Agreement between the Employer and Employee and supersedes any and all prior
agreements and understandings whether oral or written.  This Agreement may not
be modified except by a writing signed by both parties.

 
 
Dated:  ______________
 
Subscribed and sworn to before me
this 22nd day of April, 2016
     /s/ Joseph M. DeVivo     
Joseph M. DeVivo
 
 
 
____________________________________
Notary Public
My Commission Expires __________
(Affix Seal)
 
 
 
 
Dated:  ______________
Employer
 
By:    /s/ Howard W. Donnelly            
 

 
 
 
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Appendix “A” General Release

Joseph DeVivo (“Employee”), for and in consideration of the sum of ONE DOLLAR
AND NO CENTS ($1.00), and other good and valuable consideration, receipt of
which is hereby acknowledged,  for himself and his heirs, administrators,
representatives, successors, and assigns unconditionally releases and forever
discharges AngioDynamics, Inc., its parent, subsidiary and affiliated
corporations, divisions, successors, predecessors and assigns, and all of their
current and former officers, directors, trustees, employees, and agents, in
their individual and representative capacities (hereinafter collectively
referred to as the “Employer”), including but not limited to any and all claims,
actions or causes of action under Title VII of the Civil Rights Act, the Family
and Medical Leave Act, the Fair Labor Standards Act, the Americans with
Disabilities Act, the Age Discrimination in Employment Act, the New York Human
Rights Law, the District of Columbia Human Rights Act, Section 1981 through 1988
of Title 42 of the United States Code, the National Labor Relations Act, the
Equal Pay Act, the Employee Retirement Income Security Act (“ERISA”), the
Occupational Safety and Health Act, the New York Labor Law, the Delaware General
Corporation Law and other Delaware law,  the nondiscrimination and/or
retaliation provisions of the New York Workers’ Compensation Law, and any other
federal, state or local employment or other laws and regulations, and all
statutory or common law claims, including but not limited to claims of breach of
express or implied contract, wrongful discharge, breach of fiduciary duty,
derivative claims and/or claims on behalf of the Employer, defamation, slander,
intentional and negligent infliction of emotional distress, and all claims for
attorneys’ fees, costs and expenses, and any other claims arising out of or
related to Employee’s employment with Employer and the termination of that
employment; provided, however, that this shall not affect Employee’s entitlement
to any vested accrued benefit to which he is entitled under any employee benefit
plan subject to ERISA, nor does it affect any right he may have to file an
unemployment benefits claim.  This release provision shall be construed to
release all claims to the full extent allowed by law.  If any term or provision
of this paragraph is declared unenforceable by a court or other tribunal of
competent jurisdiction, it shall not adversely affect the enforceability of the
remainder of this paragraph; provided, however, that this shall not affect
Employee's entitlement to any vested accrued benefit to which he is entitled
under any employee benefit plan subject to ERISA or his right to enforce the
terms of a certain Separation Agreement executed by Employee and Employer, dated
April 22, 2016.

Employee understands that nothing in this Release prevents Employee from filing
an action to enforce this Release or from filing a charge (including a challenge
to the Separation Agreement) with the Equal Employment Opportunity Commission
(“EEOC”), the Securities and Exchange Commission (“SEC”) or the National Labor
Relations Board (“NLRB”) or participating in any investigation or proceeding
conducted by the EEOC, SEC or NLRB.  However, Employee understands and agrees
that Employee is waiving any entitlement or right to recover any monetary or
other personal relief as a result of any such EEOC, NLRB or SEC proceeding. 
Employee further agrees to turn over to Employer any such monetary award arising
from any SEC or other government proceeding (except for any EEOC or NLRB
proceeding).  Employee is not aware of any possible claims, causes of action,
violations, or other similar matters related to any statute or regulation
enforced by, or within the jurisdiction of, the EEOC, SEC or NLRB at this time.

Nothing herein shall be deemed to release or waive Employee’s rights to (a)
defense and indemnity under any certificate, bylaw, resolution or policy of
Employer, (b) liability insurance coverage (such as directors’ and officers’
liability insurance), or (c) Employer’s contributions to Employee’s 401(k) that
have vested to Employee as of the Separation Date.

IN WITNESS WHEREOF, Joseph DeVivo has signed this General Release on this 22nd
day of April, 2016.
 
 
STATE OF ____________________)
COUNTY OF __________________)  ss.:
 
        /s/ Joseph M. DeVivo       
Joseph M. DeVivo
 

  

On this ____ day of April, 2016, before me personally appeared Joseph M. DeVivo
to me known and known to me to be the same person described in and who executed
the foregoing general release, and he duly acknowledged to me that he executed
the same.
______________________________
Notary Public
 
 
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Appendix “B”
 

Copy of Confidentiality Agreement

This page intentionally blank- Agreement attached.
 
 
 
 
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[image00001.jpg]
 
 
 
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[image00002.jpg]
 
 
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[image00003.jpg]
 
 
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[image00004.jpg]
 
 
 
 
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Appendix C

 
RSU’s Vesting
 
 
Grant Date
 
Grant Date Total
Shares
 
Vest Date
 
Shares Vesting
8/17/2012
 
22,247
 
8/3/2016
 
5,562
8/6/2013
 
18,338
 
8/3/2016
 
4,585
12/20/2013
 
80,000
 
12/20/2017
 
_   
7/25/2014
 
30,884
 
7/25/2016
 
7,721
7/22/2015
 
28,061
 
7/22/2016
 
7,015
           
24,883

 
PSU’s Vesting*
 
Grant Date
 
 
Grant Date Total
Shares
 
 
Vest Date
 
 
Shares Vesting
11/1/2013
 
36,676
 
7/11/2016
 
10,269
           
10,269

 
Options Vesting and Exercisable
 
Grant Date
 
 
Grant Date Total
Shares
 
 
Exercise Price
 
 
Currently
Exercisable Shares
 
 
Vest Date
 
 
Shares Vesting
 
 
Outside Vest Date
9/7/2011
 
400,000
 
$ 13.92
 
400,000
 
–
 
–    
 
4/20/2017
8/17/2012
 
35,000
 
$ 10.63
 
26,250
 
8/17/2016
 
8,750
 
4/20/2017
8/6/2013
 
59,733
 
$ 11.92
 
29,867
 
8/6/2016
 
14,933
 
4/20/2017
7/25/2014
 
88,861
 
$ 14.07
 
22,216
 
7/25/2016
 
22,215
 
4/20/2017
7/22/2015
 
96,251
 
$ 15.95
 
–     
 
7/22/2016
 
24,063
 
4/20/2017
           
478,333
     
69,961
   

 
·
Assumes no additional payout under TSR PSU’s granted in 2013.  Any additional
vesting based solely on the Company’s relative TSR ranking among the pre-defined
peer group pursuant to the 3 year evaluation period would be included.

 
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Appendix D
 
 
Resignation

This page intentionally blank- resignation attached.
 
 

 
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I, Joseph M. DeVivo, effective as of March 31, 2016, hereby resign as President
and CEO and a member of the Board of Directors of AngioDynamics, Inc. and as an
officer and member of the Board of Directors (or Board of Managers) of each
subsidiary of AngioDynamics, Inc., including, without limitation, Vortex
Medical, Inc., NM Holding Company, Inc., Navilyst Medical Holdings, Inc.,
Navilyst Medical, Inc. RITA MEDICAL Systems, LLC, AngioDynamics UK Ltd, 
AngioDynamics Netherlands BV; AngioDynamics Canada Inc., and Clinical Devices,
B.V., and as Officer, Director and Gerant of AngioDynamics France SARL.

/s/ Joseph M. DeVivo    
Joseph M. DeVivo

STATE OF NEW YORK        )
COUNTY OF ________       ) ss.:

On the 22nd day of  April in the year 2016 before me, the undersigned,
personally appeared Joseph M. DeVivo, personally known to me or proved to me on
the basis of satisfactory evidence to be the individuals whose names are
subscribed to the within instrument and acknowledged to me that they executed
the same in their capacity, and that by their signature on the instrument, the
individual, or the person upon behalf of which the individual acted, executed
the instrument.
 
__________________________
Notary Public

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