Exhibit
10.1


GENERAL RELEASE
& SEPARATION AGREEMENT


THIS GENERAL
RELEASE & SEPARATION AGREEMENT (“Agreement”) is made and entered into by
and between SIRVA, Inc.,  its
subsidiaries and their subsidiaries including, but not limited to, SIRVA
Relocation, LLC, Allied Van Lines, Inc. and North American Van Lines, Inc  (hereafter collectively referred to as  “Company”), and J. Michael Kirksey  (“Associate”).


Recitals


WHEREAS, Associate’s
employment with the Company is terminating, and, Associate wishes to receive
certain compensation and benefit enhancements as described in this Agreement.


WHEREAS, Associate’s
employment relationship with the Company is covered by the Age Discrimination
in Employment Act of 1967, as amended.


WHEREAS, as a
condition to receipt of the compensation of benefit enhancements to which
Associate is not otherwise entitled, the Company requires the Associate to
execute this Agreement.


NOW,
THEREFORE, in consideration of the matters set forth in the Recitals and the
mutual covenants and promises outlined below, the parties agree as follows:


Terms and
Conditions


1.             Separation.  The Associate’s employment with the Company
shall terminate at the close of business (Illinois time) on June 7, 2007. (“Termination
Date”); provided that, Associate hereby resigns from all officer and director
positions held by Associate effective June 7, 2007.  Associate shall continue to receive his
current pay and benefits through the Termination Date.


2.             Severance Pay, Bonus 
and Benefits.


Generally.  In
partial consideration of the execution and non-revocation of this Agreement,


(i)
the Company shall continue to pay Associate his base salary ($450,000
annualized) for the period ending on the earlier of (A) twelve (12)
months after the Termination Date and (B) the date Associate accepts new
employment (or consulting arrangement) with a base salary (or consulting fee)
equal to or greater than $360,000 (the “Severance Period”), which shall be
payable in substantially equal installments, beginning with the first regular pay
period following the Termination Date;


(ii)
the Company shall pay Associate an amount equal to a pro rata portion of
Associate’s annual bonus opportunity under the SIRVA’s Management Incentive
Plan (the “MIP”) for the Company’s 2007 fiscal year, based on Company
performance through the Termination Date and the number of days Associate was
employed by the Company during such fiscal year (in each 













case,
as determined by the Compensation Committee of the Company’s Board of Directors
in its sole discretion), which shall be payable on the same date as other
senior executives receive their annual bonuses under MIP for the Company’s 2007
fiscal year; and


(iii)
for the avoidance of doubt, the Company shall pay to Associate any accrued and
unpaid base salary and accrued and unused Earned Paid Time Off (“PTO”), which
will be paid in the first regular pay period following the Termination Date.


All payments made pursuant to this Agreement shall be less applicable
payroll taxes and withholdings.


Benefits.  Associate’s health benefits previously
elected under the Company’s Benefits program, but excluding short and long term
disability benefits and life insurance benefits, shall continue during the
Severance Period at the same rates charged to active Associates for such benefits.
After the Severance Period, Associate and any covered dependents may continue
such coverage at regular COBRA rates.


3.             If Associate had established direct
deposit for his payment of wages, then the severance payments will be directly
deposited into the same account and financial institution where Associate’s
previous payment of wages had been directly deposited by Company, unless
Associate provides otherwise below:


	
  

  	
  Name of Institution:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Account Number:

  	
   

  	
   

  



 


[NOTE TO ASSOCIATE: only complete the above
information if you wish to change the account to where you want your
severance payments directly deposited from where you currently have your
payment of wages directly deposited.]


4.             Associate acknowledges and agrees that the severance pay
and benefits set forth in Paragraph Two (2) of this Agreement are the only
severance benefits Associate shall receive by electing to execute this
Agreement including, but not limited to, the letter agreement dated December
13, 2005. Associate further acknowledges and agrees that upon payment of the
amounts expressly provided for in this Agreement, Associate shall have received
full payment for all services rendered on behalf of the Company, including any
amounts Associate would be otherwise entitled to receive from Company under the
Company’s Management and/or Performance Incentive Plans, or any other
compensation, incentive or severance pay programs. Nothing in this Agreement
shall be construed as a waiver of Associate’s rights to exercise vested stock
options, to any vested benefits, under the Company’s 401(k) plan and the SIRVA
Executive Retirement & Savings Plan, to continue group health coverage
pursuant to COBRA, or to convert group life insurance coverage to an individual
policy pursuant to the terms of the applicable group policy.  The Company also acknowledges and agrees to
provide Associate with written notice when the Associate is permitted to
exercise any vested stock options pursuant to the terms of the applicable
equity incentive plan of the Company.



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5.             In
consideration of the benefits received by Associate hereunder, Associate hereby
IRREVOCABLY, VOLUNTARILY, UNCONDITIONALLY AND
GENERALLY RELEASES, ACQUITS, AND FOREVER DISCHARGES Company, and
each of Company’s owners, stockholders, predecessors, successors, assigns,
agents, directors, officers, employees, representatives, attorneys, divisions,
subsidiaries, affiliates (and agents, directors, officers, employees,
representatives and attorneys of such divisions, subsidiaries and affiliates),
and all persons acting by, through, under or in concert with any of them
(collectively “Releasees”), or any of them, from any and all charges,
complaints, claims, damages, actions, causes of action, suits, rights, demands,
grievances, costs, losses, debts, and expenses (including attorneys’ fees and
costs incurred), of any nature whatsoever, known or unknown (“Claim” or “Claims”),
which Associate now has, owns, or holds, or claims to have, own, or hold, or
which Associate at any time heretofore had, owned, or held, or claimed to have,
own, or held from the beginning of time to the date of this Agreement.


6.             By way of specification and not by
way of limitation, Associate specifically waives, releases and agrees to forego
any rights or claims that Associate may now have, or may have heretofore had,
against each or any of the Releasees, under tort, contract or other common law
of the State of  Illinois, Indiana or
other state, including, but by no means limited to, claims arising out of or
alleging wrongful discharge, breach of contract, retaliatory discharge, breach
of implied covenant of good faith and fair dealing, invasion of privacy,
negligence, misrepresentation, interference with contractual or business
relations, personal injury, slander, libel, intentional infliction of emotional
distress, mental suffering or damage to professional reputation, and including,
but not limited to, any claims under the Age Discrimination in
Employment Act of 1967(ADEA), the Worker Adjustment & Retraining Notification
Act, the Employee Retirement Income Security Act of 1974, Title VII of the
Civil Rights Act of 1964, the Equal Pay Act, 42 U.S.C. Section 1981, 42 U.S.C.
Section 1983, 42 U.S.C. Section 1985, the Vocational Rehabilitation Act of
1977, the Illinois Human Rights Act, the Indiana Civil Rights Law, the Indiana
Age Act, the Americans with Disabilities Act, the Family Medical Leave Act, and
under any other laws, ordinances, executive orders, rules, regulations or
administrative or judicial case law arising under the statutory or common laws
of the United States, any state, or any political subdivision of any
state.  The parties intend that the
claims released be construed as broadly as possible.  The parties also acknowledge that this
Agreement is intended to and will serve as a complete defense to all released
claims.  This is not a waiver or release
of any claims that may arise from acts or omissions occurring after the date
this Agreement is executed.


7.             It is understood by Associate that
this Agreement is confidential, and its terms and conditions are not to be
revealed to anyone, except where otherwise required by law, required for
legitimate law enforcement or compliance purposes or where revealed to
Associate’s immediate family, legal counsel, and tax advisor, and, with respect
to the release of such information to any of them, Associate will inform them
of this confidentiality provision.


8.             This Agreement sets forth the
entire agreement between the parties and fully supersedes any and all prior
agreements or understandings, written or oral, between the parties pertaining
to the subject matter of this Agreement except the Confidentiality, Proprietary
Rights and Non-Solicitation Agreement dated November 29, 2005 and incorporated  by reference as if 



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fully set forth
herein. Associate represents and acknowledges that in executing this Agreement
Associate does not rely on, and has not relied on, any representation or
statement made by Company or any of its directors, officers, Associates, agents
or representatives, or their attorneys with regard to the subject matter, basis
or effect of this Agreement or otherwise, other than those specifically stated
in this written Agreement.


9.             This Agreement shall be binding
upon Associate and upon Associate’s heirs, administrators, representatives,
executors, and successors and shall inure to the benefit of the Releasees and
to their heirs, administrators, representatives, executors and successors.


10.           This
Agreement shall be governed by the laws of the State of Illinois.  The parties agree that Illinois shall be the
exclusive venue for any action or proceeding by either party.


11.           Associate
has represented and hereby reaffirms that Associate has disclosed to Company
any information in Associate’s possession or within Associate’s knowledge
concerning any conduct involving Company, or any of its affiliates, employees,
associates, officers, directors, or agents that Associate has any reason to
believe involves any false claims to the United States or is or may be unlawful
or violates Company policy in any respect.


12.           As soon as practicable, but in no
event later than one (1) week following the Termination Date, Associate shall
return to the Company (i) any and all business equipment, credit cards and
other Company property made available for his use while an employee of the
Company and (ii) any files, data, diskettes or other copies of information
(whether in hard copy or in electronic form) pertaining to the Company or any
of its subsidiaries or affiliates, or the business or operation thereof.  Notwithstanding the foregoing, Associate
shall be entitled to retain his personal notes, diaries, and calendars.


13.           Associate agrees that at no time
hereafter will he make, issue release, or authorize any   written or oral statements, derogatory or
defamatory in nature about the Company, its directors, officers, employees,
agents or related entities.


14.           Associate agrees to provide the
Company with his full cooperation, as requested by the Company from time to
time,  subject to reimbursement by the
Company of reasonable out-of pocket costs and expenses in accordance with the
Company’s travel and expense reimbursement policies (including advancement of
attorneys’ fees, costs and other expenses as provided by the Company’s By —Laws
in effect as of June 7, 2007) regarding any matter including any litigation,
claims, governmental proceeding, investigation or independent review, which
relates to matters with which Associate was involved or which Associate had
knowledge during the term of his employment with the Company.


Company agrees that it shall indemnify,
defend and hold harmless Associate, 
(including advancement of attorneys’ fees, costs and other expenses as
provided by the Company’s By-Laws in effect as of April 30, 2007) for  Associate’s actions taken on behalf of the
Company and/or in executing Associate’s duties in the course of his employment.



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15.           Knowing
and Voluntary.  Associate
acknowledges that in consideration for his execution of this Agreement, he is
receiving payments and benefits to which he would otherwise not be
entitled.  Associate further acknowledges
that:


(a)           Associate agrees that Associate has
had sufficient opportunity to review and consider this Agreement and to discuss
it with anyone Associate desires and that Associate has carefully read it and
fully understands all its provisions. 
Associate further acknowledges that he has been advised to have this
Agreement reviewed by counsel, and that this Paragraph Fifteen (a) (15(a)) constitutes
such written advice.  Associate further
represents and agrees that Associate has not been under any duress, coercion,
or undue influence from Company or any of its representatives either during the
communications which led to this Agreement or at the time of the execution of
this Agreement; and


(b)           Associate
acknowledges that Company provided Associate this Agreement on June 12, 2007
and that the Company has afforded Associate the opportunity to take twenty-one
(21) days to review this Agreement; and


(c)           Associate has the right to revoke
this Agreement within seven  (7) calendar
days after he signs it, but such revocation must be in writing and received by
Rene’ C. Gibson, Senior Vice President, Human Resources, within the seven  (7) calendar days in order to be
effective.  Associate understands that
the severance benefits will not commence until after the revocation period has
expired.


16.  It is the parties understanding that none of
the payments under this Agreement will result in Associate being subject to the
payment of interest and/or taxes under section 409A of the Internal Revenue
Code of 1986, as amended (“Section 409A”). In the event the parties
subsequently determine that one or more of the payments under this Agreement
will result in Associate being subject to the payment of interest and/or taxes
under Section 409A, the parties shall use their best effort, to amend this
Agreement in order to avoid the imposition of any such interest or additional
tax, provided that the Company shall have no obligation to agree to any amendment
that would increase its obligations hereunder; provided, further that Associate
shall have no obligation to agree to any amendment that would decrease his
benefits hereunder.


IN WITNESS WHEREOF, the parties do hereby KNOWINGLY
and VOLUNTARILY enter into this General Release & Separation Agreement.


	
  J. Michael
  Kirksey 

  	
   

  	
  SIRVA, INC

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  /s/ J. Michael
  Kirksey

  	
   

  	
  By:

  	
  /s/ Rene C. Gibson

  	
   

  
	
  Associate’s
  Signature

  	
   

  	
  Its:

  	
  Senior Vice President, Human Resources

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  June 24, 2007

  	
   

  	
   

  	
  July 3, 2007

  	
   

  
	
  Date

  	
   

  	
   

  	
  Date

  	
   

  
							



 


 



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