**Exhibit  10.17**

 

# **EXECUTIVEEMPLOYMENT AGREEMENT**

 

ThisEmployment Agreement (“Agreement”) is entered into as of January 1, 2004 by andbetween Donald T. Johnson Jr., a natural person (“Executive”), and AftermarketTechnology Corp., a Delaware corporation (“ATC”).  As used herein, the “Company” refers to ATC and/or any subsidiaryof ATC.  The parties hereto agree asfollows:

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## **1.**             Employment andTerm.

 

(a)           Full Time and BestEfforts.  Subject to the terms setforth herein, the Company agrees to employ Executive in a management capacityand Executive hereby accepts such employment. During the term of his employment, Executive will devote his full time,best efforts and attention to the performance of his duties hereunder and tothe business and affairs of the Company and its subsidiaries.

 

(b)           Duties.  Executive shall perform such duties for theCompany and its subsidiaries as are customarily associated with a managementposition, consistent with the Bylaws of the Company and as required by theofficer or officers to whom Executive reports.

 

(c)           Company Policies.  The employment relationship between theparties shall be governed by the general employment policies and practices ofthe Company, except that when the terms of this Agreement differ from or are inconflict with such employment policies and practices, this Agreement shallcontrol.

 

(d)           Term.  The initial term of employment of Executiveunder this Agreement shall begin as of the date hereof and end on the thirdanniversary the date hereof, subject to the provisions for terminationcontained in Section 5 and renewal contained in Section 1(e).

 

(e)           Renewal.  Unless the Company shall have givenExecutive notice that this Agreement shall not be renewed at least 30 daysprior to the end of the initial term referred to in Section 1(d), the termof this Agreement shall be automatically extended for a period of one year,such procedure to be followed in each such successive period.

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## **2.**             Compensation andBenefits.

 

(a)           Salary.  Executive shall receive for services to berendered hereunder an annual base salary of $500,000, payable on the Company’sregular payroll dates, subject to increase at the discretion of the Company,and subject to standard withholdings for taxes and social security and thelike.  The Company shall reviewExecutive’s salary on a periodic basis and may, in its sole discretion,increase Executive’s salary.

 

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(b)           Incentive Plans.  During the term hereof, Executive shall beeligible to participate in any annual incentive bonus plan and long-term incentiveplan (including, without limitation, any stock option plan) of the Companygenerally available to Company employees of a level comparable toExecutive.  Such participation shall besubject to and on a basis consistent with the terms, conditions and administrationof any such plan.  Executive understandsthat (i) the Company shall have discretion to determine Executive’s levelof participation in any such plan and (ii) any such plan may be modifiedor eliminated in the Company’s sole discretion in accordance with applicablelaw and the terms of such plan

 

(c)           Participation inBenefit Plans.  During the termhereof, Executive shall be entitled to participate in any group insurance,hospitalization, medical, dental, health and accident, disability, retirementincome or similar plan or program of the Company to the extent that he iseligible under the general provisions thereof. The Company may, in its discretion and from time to time, establishadditional management benefit programs as it deems appropriate.  Executive understands that any such plansmay be modified or eliminated in the Company’s discretion in accordance withapplicable law.

 

(d)           Vacation.  Executive shall be entitled to a period ofannual paid vacation time equal to the period provided to employees of acomparable level by the Company’s policies and procedures.  The days selected for Executive’s vacationmust be mutually agreeable to the Company and Executive.

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**3.**             **Perquisites.**

 

(a)           Financial Planning/Club Dues Allowance.  Duringeach calendar year during the term hereof, Executive will receive reimbursementfor expenses incurred during such year for (i) personal financial/taxplanning, (ii) estate planning (including legal fees) and (iii) club(*e.g.,*country club, health club, social club) dues; *provided, however,* that thereimbursable amount for any such year shall not exceed 2% of Executive’s basesalary paid during such year.

 

(b)           Automobile.  Executive shall beentitled to an annual automobile allowance of $20,000, subject to applicable withholding.

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**4.**             **Business Expenses.**  Executive shall be reimbursed for documentedand reasonable business expenses in connection with the performance of hisduties hereunder.

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**5.**             **Termination of Employment.**  The date on which Executive’s employment bythe Company ceases, under any of the following circumstances, shall be definedherein as the “Termination Date.”  Allcapitalized terms used in this Section 5 without definition will have themeanings set forth in Section 5(h).

 

(a)           Terminationfor Cause.  The Company mayterminate Executive’s employment at any time for Cause immediately upon writtennotice to Executive of the circumstances leading to such termination forCause.  If Executive’s employment isterminated for Cause, Executive shall receive payment for all accrued salarythrough the Termination Date (which in this event shall be the date upon whichnotice of termination is given) and the Earned

 

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Benefits.  The Company shall have no obligation to payseverance of any kind nor to make any payment in lieu of notice if Executive isterminated for Cause.

 

(b)           VoluntaryTermination.  Executive mayvoluntarily terminate his employment with the Company at any time upon 90 days’prior written notice.  Within ten daysafter the Termination Date, Executive shall receive payment for all accruedsalary through the Termination Date and the Earned Benefits, after which nofurther compensation of any kind or severance payment will be payable underthis Agreement, unless the Board of Directors has determined that Executive hasprovided an orderly transition.  If suchorderly transition occurs, a voluntary termination in such circumstances shallbe treated as a Company termination without Cause and Executive shall beentitled to the payments and benefits provided in Section 5(d)(ii)(A).

 

(c)           Termination UponDisability.  The Company mayterminate Executive’s employment in the event Executive suffers a disabilitythat renders Executive unable to perform the essential functions of hisposition, even with reasonable accommodation in compliance with the Americanswith Disabilities Act, for three consecutive months.  A termination in such circumstances shall be treated as a Companytermination without Cause and Executive shall be entitled to the payments andbenefits provided in Section 5(d)(ii)(A). The foregoing shall not affect any rights that Executive may have underapplicable workers’ compensation laws or any disability plan of the Company.

 

(d)           Termination WithoutCause.  The Company may terminateExecutive’s employment without Cause at any time upon 30 days’ prior writtennotice.  Executive will be deemed tohave been terminated without Cause if the Company elects not to renew thisAgreement pursuant to Section 1(e).  Within ten days after the Termination Date, Executive shallreceive payment for all accrued salary through the Termination Date and theEarned Benefits.  In addition

 

(i)            During the SeverancePeriod the Company will offer continued medical-related insurance coverage toExecutive at the levels and at the rates applicable from time to time tocomparable active employees of the Company. Medical-related insurance coverage includes health, dental, visionand/or cancer.  COBRA continuationcoverage eligibility shall commence as of the day following the end of theSeverance Period.  Notwithstanding theabove, coverage under the Company’s group medical plan shall cease on the date(A) Executive fails to pay the required premium on time,(B) Executive becomes eligible for coverage under Medicare or the grouphealth plan of any other employer, or (C) the Company terminates its groupmedical plan as to all its employees.

 

(ii)           The Company shall payExecutive as severance the following:

 

(A)          If the Termination Dateoccurs other than within 18 months after a Change in Control, an amount equalto (x) Executive’s annual base salary as in effect immediately prior tothe Termination Date multiplied by the Severance Factor plus (y) theProrated Bonus.  The severance called forby clause (x) shall be paid in equal installments on each of the Company’sregular payroll dates during the Severance Period

 

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and the ProratedBonus will be paid if and when the Company generally pays bonuses under the ICPlan to its other employees with respect to the Termination Year.

 

(B)           If the Termination Dateoccurs within 18 months after a Change in Control, an amount equal to(x) Executive’s annual base salary as in effect immediately prior to theTermination Date multiplied by the Severance Factor plus (y) 100% ofExecutive’s target bonus under the IC Plan for the Termination Year, plus(z) the Pro Forma Bonus.  Theseverance shall be paid in a single lump sum within ten days after theTermination Date.

 

(iii)          The Company will pay upto $25,000**of the cost of anexecutive level individualized career transition program through a professionaloutplacement firm mutually selected by the Company and the Executive if suchprogram is initiated within 30 days after the Termination Date.

 

If Executive diesafter the Termination Date, the payment or payments due thereafter underSection 5(d)(ii)(A) or (B) shall be made to Executive’s estate but thebenefits provided in Sections 5(d)(i) and (iii) shall terminate as of thedate of death.  As a condition toreceiving the payments and benefits provided by this Section 5(d) (otherthan payment for all accrued salary through the Termination Date and the EarnedBenefits, which shall be payable in any case), Executive shall execute anddeliver to the Company on the Termination Date a general release in the formattached hereto as Exhibit A.

 

(e)           Fundamental Changes.  If the Company (i) materiallydiminishes Executive’s duties, authority, responsibility or compensationwithout performance justification, or (ii) breaches this Agreement in anymaterial respect, Executive may terminate his employment, *provided* that Executive hasgiven the Company 30 days’ written notice prior to such termination and theCompany has not cured such diminution or breach, as the case may be, by the endof such 30-day period.  A termination insuch circumstances shall be treated as a Change in Control termination andExecutive shall be entitled to the payments and benefits provided inSection 5(d)(ii)(B).

 

(f)            No Other Paymentsor Benefits.  Except as otherwiseexpressly provided in this Agreement, (i) after the Termination DateExecutive will not be entitled to any payments from the Company and(ii) on the Termination Date Executive’s participation in and coverageunder the Company’s benefit programs (including the ATC Retirement Savings Plan(*i.e.*,the 401(k) plan) and the Company’s group life and disability insurance plans)shall cease; *provided* thatExecutive shall retain any right to convert to individual coverage as permittedunder these insurance plans and to any vested benefits under the 401(k) planand the Company’s stock option plans.

 

(g)           Withholding.  Any amounts payable under this Section 5shall be subject to standard withholdings for taxes and social security and thelike.

 

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(h)           Definitions.

 

(i)            “*Cause*” means the occurrenceor existence of any of the following with respect to Executive, as determinedby the Company in its sole discretion:

 

(A)          a material breach byExecutive of (x) his duty not to engage in any transaction thatrepresents, directly or indirectly, self-dealing with the Company or any of itsaffiliates that has not been approved by the Company, or (y) the terms ofthis Agreement, if in any such case such material breach remains uncured afterthe lapse of 30 days following the date that the Company has given Executivewritten notice thereof;

 

(B)           the material breach byExecutive of any duty referred to in clause (A) above as to which at least onewritten notice has been given pursuant to clause (A);

 

(C)           any act of dishonesty,misappropriation, embezzlement, intentional fraud or similar conduct involvingthe Company or any of its affiliates;

 

(D)          the conviction or theplea of nolo contendere or the equivalent in respect of a felony involvingmoral turpitude;

 

(E)           any intentional damageof a material nature to any property of the Company or any of its affiliates;or

 

(F)           the repeatednon-prescription use of any controlled substance or the repeated use of alcoholor any other non-controlled substance that, in the reasonable determination ofthe Company renders Executive unfit to serve in his capacity as an employee ofthe Company or its affiliates.

 

(ii)           *“Change in Control”* means the first tooccur of the following:

 

(A)          any sale ortransfer or other conveyance, whether direct or indirect, of all orsubstantially all of the assets of the Company, on a consolidated basis, in onetransaction or a series of related transactions, unless, immediately aftergiving effect to such transaction, at least 85% of the total voting powernormally entitled to vote in the election of directors, managers or trustees,as applicable, of the transferee is “beneficially owned” by persons who, immediatelyprior to the transaction, beneficially owned 100% of the total voting powernormally entitled to vote in the election of directors of the Company;

 

(B)           any Personor Group other than an Excluded Person is or becomes the “beneficial owner,”directly or indirectly, of more than 35% of the total voting power in theaggregate of all classes of capital stock of the Company then outstandingnormally entitled to vote in elections of directors, unless the percentage soowned by an Excluded Person is greater;

 

(C)           during anyperiod of 12 consecutive months, individuals who at the beginning of such12-month period constituted the Company’s Board of

 

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Directors(together with any new directors whose election by such Board or whosenomination for election by the shareholders of the Company was approved by avote of a majority of the directors then still in office who were eitherdirectors at the beginning of such period or whose election or nomination forelection was previously so approved) cease for any reason to constitute amajority of the Company’s Board of Directors then in office; or

 

(D)          areorganization, merger or consolidation of the Company the consummation ofwhich results in the outstanding securities of any class of the Company’scapital stock being exchanged for or converted into cash, property and/or adifferent kind of securities, unless, immediately after giving effect to suchtransaction, at least 85% of the total voting power normally entitled to votein the election of directors, managers or trustees, as applicable, of theentity surviving or resulting from such reorganization, merger or consolidationis “beneficially owned” by persons who, immediately prior to the transaction,beneficially owned 100% of the total voting power normally entitled to vote inthe election of directors of the Company.

 

(iii)          *“Earned Benefits”* means any (x) bonusthat is payable to Executive under the IC Plan with respect to the calendaryear preceding the Termination Year but that has not been paid prior to theTermination Date, (y) vacation time that has accrued as of the TerminationDate, and (z) other entitlements to cash payments that have accrued as ofthe Termination Date.

 

(iv)          *“Excluded Person”* has themeaning set forth in that certain Indenture dated as of August 2, 1994 by andamong the Company, the Guarantors named therein and American Bank NationalAssociation.

 

(v)           *“IC Plan”* means the Company’s annualincentive compensation plan or similar plan instituted in place of theincentive compensation plan.

 

(vi)          *“Person”**and**“Group”*have the meanings used for purposes of Sections 13(d) and 14(d) of theSecurities Exchange Act of 1934, as amended, whether or not such sections applyto the transaction in question.

 

(vii)         *“Pro Forma Bonus”* means (A) thegreater of (x) Executive’s bonus under the IC Plan for the TerminationYear based on the Company’s projected performance for the Termination Year,such projection to be determined by annualizing the performance for those monthsof the Termination Year that are completed prior to the Termination Date, or(y) Executive’s target bonus under the IC Plan for the Termination Yearmultiplied by (B) a fraction (x) the numerator of which is the numberof days that have elapsed in the Termination Year through the Termination Dateand (y) the denominator of which is 365.

 

(viii)        *“Prorated Bonus”* means the bonus, if any, that would havebeen payable to Executive under the IC Plan with respect to the TerminationYear multiplied by a fraction (A) the numerator of which is the number ofdays that have elapsed in the Termination Year through the Termination Date and(B) the denominator of which is 365.

 

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(ix)           *Severance Factor”* means (A) 2.0 ifthis Agreement is terminated during the first 18 months after the date hereof,or (B) 1.5 if this Agreement is terminated following the first 18 monthsafter the date hereof.

 

(x)            *“Severance Period”* means (A) the24-month period following the Termination Date if this Agreement is terminatedduring the first 18 months after the date hereof, or (B) the 18-monthperiod after the Termination Date if this Agreement is terminated following thefirst 18 months after the date hereof.

 

(xi)           *“Termination Year”* means the calendar yearin which the Termination Date occurs.

 

**6.**             **Proprietary Information Obligations.**  Prior to and/or during the term ofemployment under this Agreement, Executive has had and/or will have access toand has become and/or will become acquainted with the confidential andproprietary information of the Business (as defined in Section 8) and theCompany and its affiliates, including but not limited to confidential andproprietary information or plans regarding customer relationships; personnel; sales,marketing, and financial operations and methods; trade secrets; formulas;devices; secret inventions; processes and other compilations of information,records, and specifications (collectively “Proprietary Information”).  Executive shall not disclose any of theProprietary Information directly or indirectly, or use it in any way, eitherduring the term of this Agreement, or at any time thereafter, except asrequired in the course of his employment hereunder or as authorized in writingby the Company.  All files, records,documents, computer-recorded information, drawings, specifications, equipmentand similar items relating to the Business or the Company or its affiliates,whether prepared by Executive or otherwise coming into his possession prior toor during the term of this Agreement, shall remain the exclusive property ofthe Company or such affiliate and shall not be removed from the premises of theCompany or its affiliate under any circumstances whatsoever without the priorwritten consent of the Company, except when (and only for the period) necessaryto carry out Executive’s duties hereunder, and if removed shall be immediatelyreturned upon any termination of his employment and no copies thereof shall bekept by Executive.

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**7.**             **Noninterference.** While employed by the Company and for aperiod of three years thereafter, Executive shall not, without the priorwritten consent of the Company, interfere with the Company or any of itsaffiliates by directly or indirectly soliciting, attempting to solicit,inducing, or otherwise causing or assisting any person who is then employed bythe Company or any of its affiliates to terminate such employment in order tobecome an employee, consultant or independent contractor to or for any employerother than the Company or such affiliate.

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**8.**             **Noncompetition.**  Executive agrees that during the term ofthis Agreement and during (a) the 18 months after the Termination Date inthe case of a termination of this Agreement for Cause or (b) the SeverancePeriod in the case of any other termination of this Agreement, he will not,without the prior consent of the Company, directly or indirectly, have aninterest in, be employed by, be connected with, or have an interest in (as anemployee (whether full-time, part-time or temporary), consultant, officer,director, partner, stockholder, joint venturer, promoter or lender), any personor entity owning, managing, controlling, operating or otherwise participatingor assisting in any business that is either (i) similar to the Business(or

 

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anyportion thereof) and would benefit from the disclosure of the Company’s tradesecrets or (ii) in competition with the Business (or any portion thereof)in any of the 50 states in the United States of America; *provided, however*, that theforegoing shall not prevent Executive from being a stockholder of less than 1%of the issued and outstanding securities of any class of a corporation listedon a national securities exchange or designated as national market systemsecurities on an interdealer quotation system by the National Association ofSecurities Dealers, Inc.  Withoutlimiting the generality of the foregoing, a business will be deemed to be incompetition with the Business at a given point in time if any of the customersof such business were customers of the Business at any time during the18 months preceding the time in question. As used herein, “Business” means any and all of the businesses in whichthe Company is engaged as of the Termination Date.

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**9.**             **Remedies.**  Executive acknowledges that a breach or threatened breach byExecutive of any the provisions of Sections 6, 7 or 8 will result in theBusiness and the Company and its affiliates suffering irreparable harm thatcannot be calculated or fully or adequately compensated by recovery of damagesalone.  Accordingly, Executive agreesthat the Company shall be entitled to interim, interlocutory and permanentinjunctive relief, specific performance and other equitable remedies, inaddition to any other relief to which the Company may become entitled shouldthere be such a breach or threatened breach.

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## **10.**          Miscellaneous.

 

(a)           Notices.  Any notices provided hereunder must be inwriting and shall be deemed effective upon the earlier of (i) personaldelivery (including personal delivery by telecopy, if a copy is sent by mail orovernight delivery), (ii) the business day following being sent through anovernight delivery service, or (iii) the third business day after mailingby first class mail to the recipient at the address indicated below:

 

| To  the Company:                |   |                |
|---------------------------------|--------|---------------------|
|                            |   |                |
| Aftermarket Technology  Corp.   |
| One Oak Hill Center,  Suite 400 |
| Westmont, IL 60559              |
| Attention:                      |   | General Counsel     |
| Facsimile:                      |   | (630) 455-2621 |
|                            |   |                |
| To Executive:                   |   |                |
| Donald T. Johnson Jr.           |
| 12201 Howland Park  Drive       |
| Plymouth, Michigan  48170       |

 

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| With a copy to                            |   |           |
|-------------------------------------------|--------|----------------|
|                                      |   |           |
| Jeffrey B. Rock                           |   |           |
| Hasselberg, Rock, Bell  & Kuppler LLP |
| 4600 Brandywine Drive,  Suite 200         |
| Peoria, IL 61614-5591                     |
| Facsimile:                                |   | (309) 688-9430 |
|                                           |        |                |  |  |

 

or to such otheraddress or to the attention of such other person as the recipient party willhave specified by prior written notice to the sending party.

 

(b)           Severability. The provisions of this Agreement are severable and, if any court of competentjurisdiction determines that any provision contained in this Agreement shall,for any reason, be invalid, illegal or unenforceable in any respect, suchinvalidity, illegality or unenforceability shall not affect any other provisionof this Agreement, and this Agreement shall be reformed and construed so thatsuch invalid or illegal or unenforceable provision would be valid, legal andenforceable to the maximum extent possible.

 

(c)           Entire Agreement.  This Agreement supersedes all prior andcontemporaneous oral understandings and agreements with respect to the subjectmatter hereof.

 

(d)           Counterparts.  This Agreement may be executed on separatecounterparts, any one of which need not contain signatures of more than oneparty, but all of which taken together will constitute one and the sameagreement.

 

(e)           Successors andAssigns.  This Agreement is intendedto bind and inure to the benefit of and be enforceable by Executive and theCompany, and their respective successors and assigns, except that Executive maynot delegate any of his duties hereunder and he may not assign any of hisrights hereunder without the prior written consent of the Company.

 

(f)            Attorney’s Fees.  If any legal proceeding is necessary toenforce or interpret the terms of this Agreement, or to recover damages forbreach therefore, the prevailing party shall be entitled to reasonableattorney’s fees, as well as costs and disbursements, in addition to any otherrelief to which he or it may be entitled.

 

(g)           Amendments; NoWaivers.  Any provision of thisAgreement may be amended or waived if such amendment or waiver is in writingand signed, in the case of an amendment, by all parties hereto, and in the caseof a waiver, by the party against whom the waiver is to be effective.  No waiver by a party of any breach of thisAgreement shall be deemed to extend to any prior or subsequent breach or affectin any way any rights arising by virtue of any prior or subsequent breach.  No failure or delay by a party in exercisingany right, power or privilege hereunder shall operate as a waiver thereof norshall any single or partial exercise thereof preclude any other or furtherexercise thereof or the exercise of any other right, power or privilege.  The rights and remedies herein providedshall be cumulative and not exclusive of any rights or remedies provided bylaw.

 

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(h)           Governing Law and Venue.  ThisAgreement shall be governed by and construed and enforced in accordance withthe internal laws (without reference to choice or conflict of laws) of the State of Illinois.  The parties to this Agreement herebyirrevocably consent to the exclusive venue and jurisdiction of the state andfederal courts sitting in the State of Illinois for any matter or controversyconcerning either the existence or enforcement of this Agreement and herebywaive any contention that Illinois is an improper or inconvenient forum.

 

(i)            Construction.  The captions herein are included forconvenience of reference only and shall be ignored in the construction orinterpretation hereof.  Neither partyhereto, nor its respective counsel, shall be deemed the drafter of thisAgreement, and all provisions of this Agreement shall be construed in accordancewith their fair meaning, and not strictly for or against either party hereto.

 

IN WITNESSWHEREOF, the parties have executed this Agreement effective as of the datefirst above written.

 
|   | /s/ Donald T. Johnson Jr. |                               |   |
|--------|--------------------------------|------------------------------------|--------|
|   | Donald T. Johnson Jr.          |                               |
|   |                           |                               |
|   |                           |                               |
|   | AFTERMARKET TECHNOLOGY CORP.   |                               |
|   |                           |                               |
|   |                           |                               |
|   |                           |                               |
|   | By:                            | /s/  Joseph Salamunovich |   |   |
|   | Name:                          | Joseph Salamunovich                |
|   | Title:                         | Vice President                     |   |
|        |                                |                                    |        |  |  |  |

 

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**GENERAL RELEASE**

 

THIS GENERALRELEASE is entered into by the undersigned (“Employee”) as of the dateappearing next to Employee’s signature hereto.

 

WHEREAS, Employee’s employment with AftermarketTechnology Corp. and/or one of its subsidiaries (Aftermarket and itssubsidiaries being referred to collectively as the “Company”) is beingterminated and the Company will provide Employee with certain benefits upon thetermination of employment provided that, among other things, Employee executesand delivers this General Release;

 

NOW, THEREFORE, Employee agrees as follows:

 

**1.**             **General Release****.**  Employee hereby

 

(a)           releases and discharges the Company and its officers,directors, employees, benefit plan administrators and trustees, and agents(collectively, the “Released Parties”) from any and all claims, liabilities,demands and causes of action, whether known or unknown, fixed or contingent,that Employee may have or claim to have against any of the Released Partiesrelating to, or arising out of, Employee’s employment with the Company or thetermination thereof, and

 

(b)           covenants not to initiate or participate in (exceptpursuant to a lawful subpoena) any lawsuit or other legal proceeding assertingany such claims, liabilities, demands or causes of action.

 

This GeneralRelease shall be broadly construed to include, but not be limited to, allclaims under any federal, state, or local laws, statutes, regulations, orordinances (including those prohibiting employment discrimination, such as thefederal Age Discrimination in Employment Act), and all claims in contract ortort including, but not limited to, claims for breach of contract, negligence,defamation, and wrongful or retaliatory discharge.  This General Release does not include any claim Employee may havebased upon facts occurring after the date that Employee executes this General Release.

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**2.**             **Knowing and Voluntary****.**  Employee acknowledges and agrees that:(a) Employee has read and understands this General Release in itsentirety; (b) Employee has been advised in writing to consult with anattorney concerning this General Release before signing it; (c) Employeehas 21 calendar days after receipt of this General Release to consider itsterms before signing it; (d) Employee has the right to revoke this GeneralRelease in full within seven calendar days of singing it and that none of theterms and provisions of this General Release shall become effective or beenforceable until such revocation period has expired; (e) nothingcontained in this General Release waives any claim that may arise after thedate of its execution; and (f) Employee is executing this General Releaseknowingly and voluntarily, without duress or reservation of any kind, and aftergiving the matter full and careful consideration.

 

IN WITNESS WHEREOF, the undersigned has executed thisGeneral Release as of the date set forth below.

 
| Executed:                            ,  20       | EMPLOYEE: |   |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------|--------|--------|
|                                                                                                                                                                                                                       |      |
|                                                                                                                                                                                                                       | [NAME]    |

 

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