EX-10.35



 Exhibit 10.35 

SEPARATION AGREEMENT AND GENERAL RELEASE 

This SEPARATION AGREEMENT AND GENERAL RELEASE
(this “Agreement”) dated as of January 16, 2015, is between UTi, Services, Inc. (“Company”) and Ronald Berger (“Employee”). This Agreement shall be effective on the date that Employee signs this Agreement (the
“Agreement Date”). However, Employee shall not be entitled to any of the consideration described in Section 3 below unless Employee does not revoke the releases provided for in Sections 5 and 6 of this Agreement in accordance with
Section 8 below. 
 WHEREAS, Company and Employee are parties to an Employment Agreement dated as of October 1, 2012 (the
“Employment Agreement”); and 
 WHEREAS, in consideration of the promises made in this Agreement, Company and Employee wish to
terminate the Employment Agreement effective as of the Agreement Date, except for any provisions therein which expressly survive the termination thereof or are expressly incorporated by reference herein. Notwithstanding the foregoing sentence,
unless the arbitration provision in this Agreement is unenforceable, it shall apply rather than the arbitration provision set forth in Section 11 of the Employment Agreement. 

NOW THEREFORE, for good and valuable consideration, the sufficiency of which is hereby acknowledged, the parties agree as follows: 

1. Employee hereby submits his voluntary resignation from his position with UTi Worldwide Inc. and all other positions, titles, authorities
and directorships with the Company and its affiliates, effective as of the close of business on the Agreement Date. Additionally, Employee hereby further resigns as an employee of the Company and its affiliates effective as of the Agreement Date
(such date referred to also as the Termination Date). Employee represents that he is resigning voluntarily and is signing this Agreement voluntarily and with a full understanding of and agreement with its terms. This Agreement does not constitute an
admission by either party of any wrongful action, liability or violation of any local, state or federal law, in connection with Employee’s employment or otherwise. Employee agrees, represents and warrants that (a) from the close of
business on the date hereof, Employee has no power to bind or obligate the Company and Employee will not sign any contracts, agreements, or other documents or make any other commitments on behalf of the Company and/or its affiliates,
(b) Employee has returned to the Company, or will return to the Company within 3 business days of the date hereof, all files, records, credit cards, keys, equipment, laptops and any other property or documents of the Company and/or its
affiliates, other than Employee’s personal copies of his employment and compensation documents and files, Employee’s contacts, calendars, personal correspondence and diaries, and that Employee has not retained, and will not retain, any
copies thereof, including, but not limited to, any copies of “Proprietary Information” as defined in the Employment Agreement and (c) Employee shall cause his attorneys, representatives and agents to return to the Company within 3
business days of the date hereof all files, records and any other property or documents of the Company and/or its affiliates in the possession or control of such attorneys, representatives or agents without such attorneys, representatives or agents
retaining any copies thereof. 

  
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 2. Employee acknowledges and agrees that UTi Worldwide Inc. may be required to report his
resignation in a filing with the Securities and Exchange Commission (the “SEC”) (including filing a copy of this Agreement). 
 3.
In reliance on such voluntary resignation and the promises, representations and releases in this Agreement, the Company will provide Employee with the following consideration unless the releases provided for in Sections 5 and 6 of this Agreement are
revoked in accordance with Section 8 of this Agreement: 
  

	 	a.	Employee acknowledges and agrees that as of the date hereof Employee has 340.20 hours of accrued vacation (representing a cash amount equal to $61,334.15, which represents all of Employee’s accrued, but unused
vacation time. The Company shall pay Employee for such accrued vacation time (less legally required deductions) within 5 business days after the Agreement Date. Employee acknowledges and agrees that from and after the close of business on the
Agreement Date, Employee shall no longer accrue or be entitled to vacation time under the Company’s policies or otherwise. In addition, the Company will pay or provide to Employee any other Accrued Benefits (as defined with Employment
Agreement) as provided in Section 6(a)(ii) of the Employment Agreement. 

  

	 	b.	 Upon the expiration of the 7 day revocation period following the Agreement Date if Employee has not revoked the releases provided for in
Section 5 and 6 of this Agreement in accordance with Section 8 below within such period, on such date, Employee’s outstanding (a) Restricted Share Units shall vest with respect to a number of shares as set forth on Exhibit A-1
hereto and (b) Stock Options shall vest with respect to a number of shares and other terms as set forth on Exhibit A-1 hereto. Except as provided in the preceding sentence, no Restricted Share Units, Performance Share Units or Stock Options
shall vest as of or following the Termination Date; provided, however, that any unvested Restricted Share Units, Performance Share Units or Stock Options held by Employee that are set forth on Exhibit A-2 hereto (i) shall not be forfeited or
expire on the Termination Date or as a result of Employee’s resignation and shall remain outstanding, (ii) notwithstanding anything to the contrary in any plan, program, policy or agreement, shall vest and be settled or become exercisable
solely in connection with a “Change of Control of UTi Worldwide” (as defined in the Employment Agreement) on or prior to July 16, 2015, as set forth in Section 3(e) below and (iii) in the event such Units and Options do not
so vest in connection with a Change of Control of UTi Worldwide on or prior to July 16, 2015, such Units and Options shall be immediately forfeited. Employee acknowledges and agrees that all unexercised Stock Options will automatically expire
if not exercised on the earlier of (1) the 10 year anniversary of the grant date of such Stock Option and (2) October 16, 2015. Employee also acknowledges and agrees that he is not entitled to any further awards of Restricted




  
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Share Units, Performance Share Units, Stock Options or any other form of stock-based compensation in respect of any period, including calendar 2015 or any subsequent year. 


 

	 	c.	Following the Termination Date, the Company shall pay to Employee twelve months of salary continuation payments at an annual pay rate of $375,000.00 (the “Severance Amount”), which represents a bi-weekly
payment of $14,423.08, less legally required deductions. Such payments shall be made on the same schedule as the Company’s current payroll cycle, subject to Section 23 of the Employment Agreement, which is expressly incorporated by
reference herein; provided, however, that the first such payment shall be delayed until the expiration period described in Section 8 below. 

  

	 	d.	Subject to Section 23 of the Employment Agreement, (1) not later than the later of (a) February 15, 2015 and ten (10) business days after Employee signs this Agreement, the Company shall pay to
Employee a lump-sum cash payment equal to $5,784.48 (the “First Additional Severance Amount”), and (2) not later than the later of (a) February 15, 2015 and ten (10) business days after Employee signs this Agreement,
the Company shall pay to Employee a lump-sum cash payment equal to $56,250.00 (the “Second Additional Severance Amount” and, together with the First Additional Severance Amount, the “Additional Severance Amount”).


  

	 	e.	If a Change of Control of UTi Worldwide occurs on or prior to July 16, 2015, Employee shall be entitled to receive (1) a payment equal to $562,500.00 and (2) a payment equal to (x) if the Change of
Control of UTi Worldwide occurs during the Company’s first fiscal quarter of 2016, $93,750.00 or (y) if the Change of Control of UTi Worldwide occurs during the second fiscal quarter of 2016 but prior to July 16, 2015, $187,500.00.
Such payments shall be payable in eighteen (18) equal monthly installments commencing immediately after the last installment of the Severance Amount. Any amount payable pursuant to this Section 3(e) shall be in addition to the Severance
Amount and the Additional Severance Amount. If a Change of Control of UTi Worldwide occurs on or prior to July 16, 2015, Employee shall be entitled to vesting of the Restricted Share Units, Performance Share Units and Stock Options set forth on
Exhibit A-2 without duplication with any Restricted Share Units or Stock Options that vested prior to such date pursuant to Section 3(b) above. 

  

	 	f.	Employee shall be entitled to purchase, at his sole expense, COBRA continuation coverage under the Company’s group health plan as provided thereunder. 


 

	 	g.	 The Company will provide mutually agreed upon outplacement services to Employee for a period beginning on the Termination Date and ending on the
earlier of (1) twelve months from the Termination 



  
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Date and (2) the date Employee shall commence full-time employment with another employer, provided that the Company’s costs shall not exceed $15,000.00 in connection with the provision
of such services. 

 Employee acknowledges and agrees that he is receiving additional consideration from the Company beyond that provided by
normal Company policy or required by the Employment Agreement, and that he is not entitled to receive, and will not claim, any right, benefit, or compensation other than what is expressly set forth in this Agreement, and hereby expressly waives any
claim to any compensation, benefit or payment which is not expressly referenced in this Agreement. 
 4. In exchange for the additional
consideration provided in this Agreement, Employee promises: 
  

	 	a.	not to disparage the Company, its affiliates or its or their respective products, services, or management or any of the other Released Parties (as defined below) except, in each case, for truthful statements that
Employee believes, in good faith, are required by law (whether by oral questions, interrogatories, requests for information or documents, subpoena, civil investigative demand or similar process). 


 

	 	b.	communications regarding the nature of his separation shall not be inconsistent with the filing described in Section 2 of this Agreement. It would not be inconsistent to state in applications for unemployment
benefits that Employee’s termination was due to a reorganization of the Company. 

  

	 	c.	to abide by and uphold continuously the terms of Section 8 (Proprietary Information) of the Employment Agreement and Section 9 (Protection of Property) of the Employment Agreement, which sections
are incorporated by reference herein. 

  

	 	d.	not to apply for re-employment with the Company or its affiliates without the Company’s prior written consent. 


If Employee materially breaches any of the promises in this Agreement or Sections 8 or 9 of the Employment Agreement, the Company will give notice to the
Employee and, if such breach is curable, provide him with 15 days to cure the material breach; provided, however, if such breach is curable but will take longer than 15 days to cure, Employee shall be given a reasonable amount of additional time to
cure such breach if Employee has commenced such cure within the initial 15 day period and diligently pursues such cure. If the material breach is not curable or, if curable, not cured within such 15 day period or additional period of time as set
forth above, the Company may stop any payments or benefits otherwise owing under this Agreement and may seek additional relief or remedy under Section 9 hereof or, to the extent applicable, Section 11 of the Employment Agreement. 

5. In consideration for the foregoing and pursuant to Section 6(d)(iii) of the Employment Agreement, effective as of the Agreement Date,
Employee does hereby, for himself and his heirs, successors and assigns, release, acquit and forever discharge the 

  
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Company, UTi Worldwide Inc., all of their current and former, direct and indirect parents, subsidiaries, brother-sister companies, and all other affiliates and related partnerships, joint
ventures, or other entities, and, with respect to each of them, their predecessors and successors; and, with respect to each such entity, all of its past, present, and future employees, officers, directors, stockholders, owners, representatives,
assigns, attorneys, agents, insurers, employee benefit programs (and the trustees, administrators, fiduciaries, and insurers of such programs), and any other persons acting by, through, under or in concert with any of the persons or entities listed
in this section, and their successors (collectively, the “Released Parties”), of and from any and all claims, actions, charges, complaints, causes of action, rights, demands, debts, damages, or accountings of whatever nature, known or
unknown, which he or his heirs may have against such persons or entities including, but not limited to those related to, or arising from, Employee’s employment with the Company or the termination thereof (collectively, the “Claims”)
based on any actions or events which occurred prior to the Agreement Date. Notwithstanding the foregoing, Employee does not release any Released Parties from: (i) the Released Parties performance under this Agreement or (ii) the Released
Parties future performance under all other agreements, contracts, instruments and other documents remaining in effect to which both Employee and one or more of the Released Parties remain parties, including those specifically modified by this
Agreement. 
 In exchange for material portions of the additional consideration provided in this Agreement and in accordance with the Older
Workers Benefit Protection Act, Employee hereby knowingly and voluntarily waives and releases all rights and claims, known and unknown, arising under the Age Discrimination in Employment Act of 1967, as amended (the “ADEA”), which he might
otherwise have had against the Released Parties regarding any act or omission which occurred on or before the Agreement Date, including but not limited to those related to, or arising from, Employee’s employment with the Company or the
termination thereof. 
 6. It is further understood and agreed that all rights under Section 1542 of the Civil Code of the State of
California or any other applicable similar state statute are expressly waived by Employee. Such Section reads as follows: 
 A General
Release does not extend to claims which a creditor does not know or suspect to exist in his or her favor at the time of executing the Release, which if known by him or her must have materially affected his or her settlement with the debtor. 

7. This Agreement contains all of the terms, promises, representations, and understandings made between the parties and supersedes any
previous representations, understandings, or agreements, except for any agreement by Employee regarding confidentiality and/or protection of Company information, property, or trade secrets, which agreement(s) shall continue in full force and effect.
For purposes of clarity, as of the date hereof, the Employment Agreement is terminated in all respects, except for any provisions therein which expressly survive the termination thereof or are expressly incorporated by reference herein, including
but not limited to, those sections of the Employment Agreement set forth in Section 21 of the Employment Agreement. 

  
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 8. Employee understands that he is waiving important legal rights by signing this Agreement, and
has consulted with an attorney and/or other persons to the full extent Employee wanted to do so before signing this Agreement. 
 Employee
is hereby advised (a) to consult with an attorney prior to signing this Agreement and (b) that he has 45 days in which to consider and accept this Agreement by signing this Agreement, which should then be promptly returned to the
Company’s Global General Counsel. In addition, Employee may revoke the releases provided for in Sections 5 and 6 of this Agreement within 7 days following the Agreement Date by notifying the Company’s Global General Counsel in writing
within 7 days after the Agreement Date. If Employee revokes the releases provided for in Sections 5 and 6 above, Employee will not be entitled to any of the consideration provided for under this Agreement and the Agreement will remain in full force
and effect except with respect to the releases that have been revoked. 
 9. The parties hereto acknowledge that it is in their best
interests to facilitate the informal resolution of any disputes arising out of this Agreement or otherwise by mutual cooperation and without resorting to litigation. As a result, if either party has a legally recognized claim or dispute arising
hereunder or otherwise, including but not limited to any claim for breach of any contract or covenant (express or implied), any dispute regarding Employee’s termination of employment, tort claims, claims for harassment or discrimination
(including, but not limited to, race, sex, religion, national origin, age, handicap or disability), claims for compensation or benefits (except where a benefit plan or pension plan or insurance policy specifies a different claims procedure) and
claims for violation of public policy or, any federal, state or other governmental law, statute, regulation or ordinance (except for claims involving workers’ compensation benefits), and the parties are unable to reach agreement among
themselves within thirty (30) days, then the parties agree to submit the dispute to JAMS for binding arbitration in accordance with its then-current employment arbitration rules and procedures and applicable law. 

If the parties are unable to agree to an arbitrator, JAMS will provide the names of seven potential arbitrators, giving each party the
opportunity to strike three names. The remaining arbitrator will serve as the arbitration panel. The parties agree that the arbitration must be initiated within the time period of the statute of limitations applicable to the claim(s) if the claim(s)
had been filed in court. Arbitration may be initiated by the aggrieved party by sending written notice of an intent to arbitrate by registered certified mail to all parties and to JAMS. The notice must contain a description of the dispute, the
amount involved and the remedies sought. All fees and expenses of the arbitrator will be borne by the Company. Each party will pay for the fees and expenses of its own attorneys, experts, witnesses, and preparation and presentation of proofs and
post-hearing briefs, unless the party prevails on a claim for which attorneys’ fees are recoverable by statute, in which case the arbitrator may award attorneys’ fees and costs to the prevailing party. 

10. The Company may withhold from any amounts payable under this Agreement all such taxes, and may file with appropriate governmental
authorities for the periods covered herein all such information, returns or other reports with respect to the tax consequences of any amounts payable under this Agreement, as may, in its reasonable judgment, be required by law. 

  
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 11. Employee hereby certifies that (i) Employee has provided the Company with the
information necessary to report on Form 4 all reportable transactions that occurred from the period February 1, 2013 through the Agreement Date, and (ii) as of the Agreement Date, all of Employee’s transactions in the Company’s
securities that occurred from the period February 1, 2013 through the Agreement Date have been reported on Form 4; accordingly, as of the Agreement Date, Employee is not required to file a Form 5 for the fiscal year ending January 31,
2015. After the Agreement Date, Employee shall be responsible for providing to the Company in a timely manner all information necessary to facilitate required Section 16 filings, if any. Employee also acknowledges that he will not receive any
newly issued stock-based compensation from the Company after the Agreement Date. 
 12. For a period from the Agreement Date to the 18 month
anniversary of the Agreement Date, and for any longer period to which the parties may agree by any separate, additional contract, Employee agrees to reasonably cooperate, upon reasonable notice, at no charge, with the Company’s and its
affiliates’ and its or their counsel’s reasonable requests for information or assistance related to the Company’s and its affiliates’ defense of, or other participation in, any investigation or inquiry or any administrative,
judicial, or other proceeding arising from any charge, complaint or other action which has been or may be filed relating to the period during which Employee was engaged in employment with the Company and its affiliates and in which Employee was
involved (or may have reasonably been expected to be involved in his capacity with the UTi Group); provided, that the Company shall accommodate Employee’s reasonable requests for information and documents required in order to enable or
facilitate such cooperation for the benefit of the Company and to facilitate the Employee’s individual representation in any such investigation or proceeding. The Company shall reimburse Employee for any reasonable out-of-pocket expenses
(including legal fees of one law firm) incurred by Employee in connection with such cooperation. Employee shall not be required to cooperate (a) against his own legal interests or (b) to the extent it materially interferes with his
employment or business activities after reasonable attempts by Employee to mitigate such interference. 
 Employee agrees that, unless
required by law or authorized in advance by the Board of Directors of UTi Worldwide Inc., Employee will not knowingly communicate, directly or indirectly, with any third party, including but not limited to, any person or representative of any group
of people or entity who is suing or has stated that a legal action against the Company and its affiliates or any of their directors or officers is being contemplated, concerning the operations of the Company and its affiliates, the actions or
inactions of any of its or their employees or representatives or the legal positions taken by the Company and its affiliates, in each case with respect to Proprietary Information or information relating to any legal actions against the Company or
any of its affiliates. Employee acknowledges that the Company is cooperating with a governmental investigation, and Employee agrees to cooperate with such investigation to the extent consistent with his individual rights and interests. Nothing
herein shall be deemed to prevent Employee from cooperating with such investigation nor to compromise his full and fair individual representation in that matter nor shall anything in this Agreement be deemed to restrict Employee’s applicable
whistleblower rights (including under Rule 21F under the Securities Exchange Act of 1934, as amended). 

  
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 Employee further acknowledges and agrees that any and all information learned by Employee from
the Company or any of its affiliates, or their respective employees and legal representatives in connection with or pursuant to any investigation, lawsuit or potential lawsuit against the Employee or the Company (hereafter “Privileged
Information”) is privileged information and shall be considered Proprietary Information for all purposes of the Employment Agreement and may not be disclosed to any third party (except for Employee’s legal counsel engaged for purposes of
providing advice related to such matter), unless Employee believes, in good faith, he is required to do so by law. If Employee believes in good faith disclosure is required by law, prior to making such disclosure to the extent permitted by law,
Employee shall promptly provide the Company with written notice of such disclosure and shall reasonably cooperate at no expense to Employee with the Company if the Company determines to seek a judicial protective order or other appropriate
protection of such Privileged Information. If asked about matters constituting Privileged Information in circumstances where Employee believes in good faith that disclosure is not required by law, Employee shall state that the information is
privileged and shall direct the inquirer to the Company. Employee acknowledges and agrees that any violation of this Section 12 will result in irreparable harm to the Company and its affiliates and will, in addition to other available remedies,
give rise to an immediate action by the Company and its affiliates for injunctive relief. 
 Nothing in this Agreement shall limit any right
or obligation of Employee or the Company under applicable indemnification agreements and policies. 
 13. The validity of this Agreement and
any of the terms or provisions as well as the rights and duties of the parties hereunder shall be governed by the laws of the State of Oregon, without reference to any conflict of law or choice of law principles in the State of Oregon that might
apply the law of another jurisdiction. 
 14. The Company shall instruct the Board of Directors of UTi Worldwide, Inc. and the named
executive officers of UTi Worldwide, Inc. not to make any statement to any un-affiliated third party disparaging (including for the purpose of this Section 14, any general statement broadly disseminated to employees of UTi Worldwide Inc. or any
of its subsidiaries), except, in each case, for truthful statements, as the Company believes in good faith are necessary or advisable to comply with Company’s SEC or NASDAQ disclosure obligations or as may otherwise be required by law (whether
by oral questions, interrogatories, requests for information or documents, subpoena, civil investigative demand or similar process). For purposes of clarity, it is acknowledged and agreed by the parties that statements that do not specifically
reference Employee, his title or position that are critical of, or otherwise negative or unfavorable regarding any systems or functions in which he was involved (regardless of whether such statements relate to a time during which Employee was an
employee of the Company) shall not be deemed to be disparaging of Employee for purposes of this Section 14. 
 15. Employee agrees
that, at the request of either the Company or UTi Worldwide Inc., Employee shall promptly sign such further resignations, documents and instruments and take all such other actions as may be reasonably necessary to carry out the resignations provided
for in Section 1 above and Employee hereby grants the corporate secretary of UTi Worldwide Inc. an irrevocable power of attorney to execute on behalf of Employee all such resignations and documents and instruments and to take all such other
actions as may be reasonably necessary to carry out the intention of this Section 15; provided, however, that the corporate secretary promptly notifies Employee in writing of each such action. 

  
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	UTi, Services, Inc.				Ronald Berger
				
	By:		 /s/ Lance E. D’Amico
				 /s/ Ronald Berger

			Lance E. D’Amico				Ronald Berger
			Authorized Signatory				
			
	Date Signed: January 26, 2015				Date Signed: January 26, 2015


  
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 EXHIBIT A-1 
  

	(a)	Restricted Share Unit Awards will vest with respect to 20,282 shares. 

  

	(b)	Stock Options with respect to (x) 4,396 shares with a strike price of $16.81 and (y) 6,165 shares with a strike price of $14.05. 


EXHIBIT A-2 
  

	(a)	Restricted Share Unit Awards will vest with respect to 50,891 shares. 

  

	(b)	Stock Options with respect to 6,166 shares with a strike price of $14.05. 

  

	(c)	Performance Share Unit Awards will vest with respect to 9,357 shares.