EX-10.2



 Exhibit 10.2 

TRANSITION AND SEPARATION AGREEMENT 

This Transition and Separation Agreement (the “Agreement”) is entered into this 4th day of August, 2014
by and between Walgreen Co. (the “Company”) and Wade D. Miquelon (“Executive”).  

WHEREAS, Executive currently serves the Company as its Executive Vice President—Chief Financial Officer and President, International; and

 WHEREAS, the Company and Executive desire to set forth herein their mutual agreement with respect to all matters relating to
Executive’s cessation of employment by the Company. 
 NOW, THEREFORE, in consideration of the mutual promises and agreements contained
herein, the adequacy and sufficiency of which are hereby acknowledged, the Company and Executive agree as follows: 
 1. Separation.
Executive shall separate from his position as Executive Vice President—Chief Financial Officer and President, International, as well as any and all other officer, director and committee positions with the Company and its subsidiaries effective
as of August 4, 2014 (the “Transition Date”), and thereafter shall transition into, and continue employment with the Company, in a non-executive position, until December 1, 2014 (the “Termination
Date”), at which time his employment with the Company and its subsidiaries shall terminate. During the period beginning on the Transition Date and ending on the Termination Date, Executive shall report to the Chief Executive Officer of
the Company and shall assist with such transitional duties and responsibilities as the Company shall request from time to time, including in connection with investor relations, transactions and other matters commensurate with his position and
experience that arise from time to time. Executive’s services after the Transition Date shall be at the time and location as requested by the Company and shall not exceed 20% of the average level of services performed by Executive over the
36-month period ending on the Transition Date. Subject to the foregoing limitation on services, Executive shall be available to the Company as needed through the Termination Date and will be subject to the same standards of conduct and performance
applicable to all officers and employees of the Company. During the period of Executive’s continued employment until the Termination Date, Executive shall continue to receive the salary and benefits that he is receiving immediately prior to the
Transition Date. The Company may, in its sole discretion, accelerate the Termination Date for any reason, in which case (i) Executive’s salary and benefits payable pursuant to this Section 1 shall cease and (ii) if the Company
accelerates the Termination Date for a reason other than Cause, as defined in the Company’s Executive Severance and Change in Control Plan (the “Severance Plan”), Executive shall continue to be entitled to the severance
benefits set forth in Section 3 below. If the Company accelerates the Termination Date for Cause or if Executive resigns from his employment prior to the Termination Date, Executive shall not be entitled to the severance benefits set forth in
Section 3 below. 







 2. Accrued Obligations and Post-Termination Benefits. As soon as administratively
practicable after the Termination Date, Executive shall receive any portion of Executive’s base salary that is accrued but unpaid as of the Termination Date, other than amounts that he has elected to defer, any accrued but unpaid vacation pay,
any unreimbursed expenses for which proper documentation is provided, and any other vested amounts and benefits that are to be paid or provided to Executive by the Company under the Company’s benefit plans (other than under the Severance Plan
(which benefits shall be payable pursuant to Section 3 hereof) and other than any deferred compensation that is subject to (and not otherwise exempt from) the requirements of Section 409A of the Internal Revenue Code of 1986, as amended
(the “Code”)), but which have not yet been paid or provided (as applicable). In addition, the Company shall provide for post-termination of employment nonqualified deferred compensation benefits and employee welfare benefits,
other than severance benefits, pursuant to the terms of the respective plans and policies under which such post-termination of employment benefits and welfare benefits, if any, are provided, except as provided in Section 3(c) below. 

3. Severance Benefits. In consideration for (i) Executive’s General Release of claims, in accordance with Section 6
below, (ii) Executive’s agreement to comply with the Restrictive Covenants referenced in Section 7 below and (iii) Executive’s compliance with his duties and responsibilities pursuant to Section 1 above and his other
obligations pursuant to the terms of this Agreement, the Company shall pay to Executive the following amounts: 
 (a) a cash severance
benefit in the gross amount of $3,200,000, which shall be paid as follows, with each monthly payment being made on the Company’s regularly scheduled pay date for such month: 

 

					
	 Time of Payment
	  	Amount	 
	 January 2015
	  	$	1,453,333.31	  
	 June 2015
	  	$	13,333.40	  
	 July 2015
	  	$	133,333.33	  
	 August 2015
	  	$	133,333.33	  
	 September 2015
	  	$	133,333.33	  
	 October 2015
	  	$	133,333.33	  
	 November 2015
	  	$	133,333.33	  
	 December 2015
	  	$	133,333.33	  
	 January 2016
	  	$	133,333.33	  
	 February 2016
	  	$	133,333.33	  
	 March 2016
	  	$	133,333.33	  
	 April 2016
	  	$	133,333.33	  
	 May 2016
	  	$	133,333.33	  
	 June 2016
	  	$	133,333.33	  
	 July 2016
	  	$	133,333.33	  
	 Total
	  	$	3,200,000	  








 (b) a cash payment in the gross amount of $1,185,000, which in part represents Executive’s
prorated 2015 target annual performance bonus, payable on the regular December 2014 monthly salaried payroll date; provided that Executive shall be entitled to such payment only if the Chief Executive Officer of the Company determines that Executive
has performed his duties and responsibilities consistently with the Company’s leadership competency model and cultural values, and in the best interests of the Company. 

(c) If Executive timely elects post-termination continuation coverage under Section 4980 of the Code (“COBRA”)
with respect to medical, vision, prescription and/or dental coverage, then the Company shall reimburse Executive (or pay the provider directly) for the premiums for such COBRA coverage for Executive and his eligible dependents for the period of such
COBRA coverage to the extent such premiums exceed the premiums payable for similar employer-provided coverage by active employees. There shall be no reimbursement (or direct payment) of such premiums by the Company for any COBRA coverage after the
24-month anniversary of the Termination Date. Notwithstanding the foregoing, such reimbursement (or direct payment) shall cease if Executive becomes eligible for medical, vision, prescription or dental coverage, respectively, from a subsequent
employer, or for Medicare. 
 (d) All outstanding awards held by Executive that are settled in or measured by reference to the common stock
of the Company (“Equity Awards”) shall terminate as of the Termination Date, except as follows: 
  

	 	(i)	Executive’s outstanding stock option granted on November 1, 2012 shall become vested and exercisable on the Termination Date with respect to 69,160 shares of Company common stock and shall remain exercisable
for a period of 90 days after the Termination Date, and the remainder of such option shall be forfeited as of the Termination Date. 

  

	 	(ii)	Executive’s outstanding stock option granted on November 1, 2013 shall become vested and exercisable on the Termination Date with respect to 29,487 shares of Company common stock and shall remain exercisable
for a period of 90 days after the Termination Date, and the remainder of such option shall be forfeited as of the Termination Date. 









	 	(iii)	Executive’s outstanding time-vested restricted stock units granted on August 15, 2011 shall become vested on the Termination Date with respect to 4,709 shares of Company common stock and the remainder of such
award shall be forfeited as of the Termination Date. 

  

	 	(iv)	Executive’s outstanding time-vested restricted stock units granted on November 1, 2012 shall become vested on the Termination Date with respect to 13,379 shares of Company common stock and the remainder of
such award shall be forfeited as of the Termination Date. 

  

	 	(v)	Executive’s outstanding time-vested restricted stock units granted on November 1, 2013 shall become vested on the Termination Date with respect to 5,006 shares of Company common stock and the remainder of such
award shall be forfeited as of the Termination Date. 

  

	 	(vi)	Executive’s outstanding performance share award granted on November 1, 2012 shall become vested on the Termination Date with respect to 6,745 shares of Company common stock and the remainder of such award
shall be forfeited as of the Termination Date. 

  

	 	(vii)	Executive’s outstanding performance share award granted on November 1, 2013 shall become vested on the Termination Date with respect to 6,599 shares of Company common stock and the remainder of such award
shall be forfeited as of the Termination Date. 

 (e) Executive’s rights under this Agreement supersede and are in full
satisfaction of any rights Executive may have had under the Severance Plan, and all of Executive’s rights under the Severance Plan are hereby terminated; provided, however, that if a Change in Control, as defined in the Severance Plan, occurs
prior to the Termination Date, then in lieu of the benefits described in Sections 3(a), 3(b) and 3(c) of the Agreement, but subject to all other terms and conditions of this Agreement, Executive shall receive severance benefits pursuant to the terms
of Article V of the Severance Plan, as in effect on the Termination Date for the benefit of Executive Vice Presidents of the Company. In addition, Executive’s rights under this Agreement supersede and are in full satisfaction of any rights
Executive may have had under the Company’s 2013 Omnibus Incentive Plan, as amended as of January 8, 2014, the Company’s Executive Stock Option Plan and the Company’s Long-Term Performance Incentive Plan (the “Equity
Plans”), or the award agreements thereunder; provided, however, that if a Change in Control, as defined in the applicable Equity Plan, occurs prior to the Termination Date, Executive’s outstanding awards under the Equity Plans
shall become vested in accordance with the terms of the applicable Equity Plan and award agreement. 
 (f) All incentive compensation paid to
Executive pursuant to this Agreement or otherwise in connection with Executive’s employment with the Company shall be subject to forfeiture, recovery by Company or other action pursuant to any clawback or recoupment policy which the Company may
adopt from time to time to the extent the Board of Directors of the Company determines in good faith that the adoption and maintenance of such policy is necessary to comply with the Dodd-Frank Wall Street Reform and Consumer Protection Act and
implementing rules and regulations thereunder, or is otherwise required by the laws of the United States. 







 4. Tax Withholding. The Company shall deduct from the amounts payable to Executive
pursuant to this Agreement the amount of all required federal, state and local taxes required to be withheld pursuant to applicable law. 

5. Section 409A. This Agreement is intended to comply with the requirements of Section 409A of the Code, and shall be
interpreted and construed consistently with such intent. The payments to Executive pursuant to this Agreement are also intended to be exempt from Section 409A of the Code to the maximum extent possible, under either the separation pay exemption
pursuant to Treasury regulation §1.409A-1(b)(9)(iii) or as short-term deferrals pursuant to Treasury regulation §1.409A-1(b)(4), and for this purpose each payment shall constitute a “separately identified” amount within the
meaning of Treasury Regulation §1.409A-2(b)(2). In the event the terms of this Agreement would subject Executive to taxes or penalties under Section 409A of the Code (“409A Penalties”), the Company and Executive
shall cooperate diligently to amend the terms of this Agreement to avoid such 409A Penalties, to the extent possible; provided that in no event shall the Company be responsible for any 409A Penalties that arise in connection with any amounts payable
under this Agreement. To the extent any amounts under this Agreement are payable by reference to Executive’s “termination of employment,” such term shall be deemed to refer to Executive’s “separation from service,”
within the meaning of Section 409A of the Code. Notwithstanding any other provision in this Agreement, if Executive is a “specified employee,” as defined in Section 409A of the Code, as of the date of Executive’s separation
from service, then to the extent any amount payable to the Executive (i) constitutes the payment of nonqualified deferred compensation, within the meaning of Section 409A of the Code, (ii) is payable upon the Executive’s
separation from service and (iii) under the terms of this Agreement would be payable prior to the six-month anniversary of the Executive’s separation from service, such payment shall be delayed until the earlier to occur of (a) the
first business day following the six-month anniversary of the separation from service and (b) the date of Executive’s death. Any reimbursement or advancement payable to Executive pursuant to this Agreement or otherwise shall be conditioned
on the submission by Executive of all expense reports reasonably required by the Company under any applicable expense reimbursement policy, and shall be paid to the Executive within 30 days following receipt of such expense reports, but in no event
later than the last day of the calendar year following the calendar year in which Executive incurred the reimbursable expense. Any amount of expenses eligible for reimbursement, or in-kind benefit provided, during a calendar year shall not affect
the amount of expenses eligible for reimbursement, or in-kind benefit to be provided, during any other calendar year. The right to any reimbursement or in-kind benefit pursuant to this Agreement or otherwise shall not be subject to liquidation or
exchange for any other benefit. 
 6. General Release. As a condition to Executive’s receipt and retention of the consideration
described in Section 3 above, he shall (a) execute the General Release and Waiver attached hereto as Exhibit A hereto (the “General Release”) not later than 21 days after the date of this Agreement, and not
revoke the General Release within the revocation period set forth in the General Release, and (b) execute the affirmation of the General Release attached hereto as Exhibit B hereto (the “Affirmation”) not later
than 21 days after the Termination Date, and not revoke the Affirmation within the revocation period set forth in the Affirmation. 







 7. Restrictive Covenants. Executive agrees that the terms of the various non-competition,
non-solicitation and confidentiality agreements entered into in connection with the Equity Awards granted to Executive under the Equity Plans (the “Restrictive Covenants”) are valid and enforceable. With respect to such
Restrictive Covenants, the Company and Executive acknowledge and agree that the businesses that shall be considered “Competing Business Lines,” as defined therein, shall be limited to the entities set forth on a list provided by the
Company to Employee concurrently with this Agreement. The Company shall have the right to discontinue all amounts payable under this Agreement, to recover all payments made under this Agreement from the date of any breach by Executive, and to obtain
injunctive relief should Executive breach any of the Restrictive Covenants. 
 8. Non-disparagement. Executive shall not, directly or
indirectly, disclose, communicate, or publish in any format any libelous, defamatory, or disparaging information concerning the Company, its executives, officers, Board of Directors, its subsidiaries, affiliates, employees, operations, technology,
proprietary or technical information, strategies or business whatsoever, or cause others to disclose, communicate, or publish any disparaging information concerning the same. The Company agrees that no member of its executive management team, human
resources department or investor relations department shall, directly or indirectly, disclose, communicate, or publish in any format any libelous, defamatory, or disparaging information concerning Executive, or cause others to do so. Notwithstanding
anything to the contrary in this Section 8, nothing shall prohibit Executive or the Company from giving truthful testimony or evidence to a governmental entity, or if properly subpoenaed or otherwise required to do so under applicable law. 

9. Company Property. As of the Transition Date, or such later date prior to the Termination Date as shall be specified by the Company,
Executive shall, to the extent not previously returned or delivered: (a) return all equipment, records, files, documents, data, programs or other materials and property in Executive’s possession, custody or control which relates or
belongs to the Company or any one or more of its affiliates, including, without limitation, all, Confidential Information (defined below), computer equipment, access codes, messaging devices, credit cards, cell phones, keys and access cards; and
(b) deliver all original and copies of confidential information, electronic data, notes, materials, records, plans, data or other documents, files or programs (whether stored in paper form, computer form, digital form, electronically or
otherwise, on Company equipment or Executive’s personal equipment) that relate or refer in any to (1) the Company or any one or more of its affiliates, its business or its employees, or (2) the Company’s Confidential Information
or similar information. By signing this Agreement, Executive represents and warrants that Executive has not retained and has or shall timely return and deliver all the items described or referenced in subsections (a) or (b) above; and,
that should Executive later discover additional items described or referenced in subsections (a) or (b) above, Executive shall promptly notify the Company and return/deliver such items to the Company. Confidential Information means
information (1) disclosed to or known by Executive as a consequence of or through his employment with the Company or one of its affiliates; and (2) which relates to any aspect of the Company’s or an affiliate’s business,
research, or development. “Confidential Information” includes, but is not limited to, the Company’s or an affiliate’s trade secrets, proprietary information, business plans, marketing plans, financial information,
employee performance, compensation and benefit information, cost and pricing information, identity and information pertaining to customers, suppliers and vendors, 







 
and their purchasing history with the Company, any business or technical information, design, process, procedure, formula, improvement, or any portion or phase thereof, that is owned by or has,
at the time of termination, been used by the Company, any information related to the development of products and production processes, any information concerning proposed new products and production processes, any information concerning marketing
processes, market feasibility studies, cost data, profit plans, capital plans and proposed or existing marketing techniques or plans, financial information, including, without limitation, information set forth in internal records, files and ledgers,
or incorporated in profit and loss statements, fiscal reports, business plans or other financial or business reports, and information provided to the Company or an affiliate by a third party under restrictions against disclosure or use by the
Company or others. Nothing in this Section shall be construed, however, to require Executive to return to the Company any publicly available information or other information Executive obtained by reason of his ownership of Company stock or debt.

 10. Cooperation. Executive agrees to cooperate with the Company in accordance with this Section 10: 

(a) Through the Termination Date, Executive hereby agrees to provide his full cooperation, at the request of the Company, with the Company and
its affiliates, subsidiaries, directors, officers, agents, representatives, employees, successors and assigns, in the transitioning of his job duties and responsibilities. 

(b) During the period ending on the third anniversary of the Termination Date, Executive also agrees to be reasonably available to the Company
or its representatives to briefly discuss matters relating to the responsibilities he held during his employment. 
 (c) At all times prior
to, on or after the Termination Date, Executive shall cooperate with any and all investigations or other legal, equitable or business matters or proceedings which involve any matters for which Executive worked on or had responsibility during his
employment with the Company. This includes but is not limited to testifying (and preparing to testify) as a witness in any proceeding or otherwise providing information or reasonable assistance to the Company in connection with any investigation,
claim or suit, and cooperating with the Company regarding any investigation, litigation, claims or other disputed items involving the Company that relate to matters within the knowledge or responsibility of Executive. Specifically, Executive agrees
(i) to meet with the Company’s representatives, its counsel or other designees at reasonable times and places with respect to any items within the scope of this provision; (ii) to provide truthful testimony regarding same to any
court, agency or other adjudicatory body; (iii) to provide the Company with immediate notice of contact or subpoena by any non-governmental adverse party, and (iv) to not voluntarily assist any such non-governmental adverse party or such
non-governmental adverse party’s representatives. Executive acknowledges and understands that his obligations of cooperation under this Section 10(c) are not limited in time and may include, but shall not be limited to, the need for or
availability for testimony. Executive shall receive no additional compensation for time spent assisting the Company pursuant to this Section 10, but shall be reimbursed for reasonable travel and other business expenses incurred by Executive at
the request of the Company. 







 (d) The Company shall indemnify and hold harmless Executive from and against any losses, claims,
demands, costs, damages, liabilities, joint and several, expenses of any nature (including attorney’s fees and disbursements), judgments, fines, settlements, penalties and other expenses actually and reasonably incurred by Executive in
connection with any and all claims, demands, actions, suits, or proceedings, civil, criminal, administrative or investigative, in which Executive may be involved, or threatened to be involved, as a party or otherwise, by reason of the fact that
Executive was employed by the Company or arising out of or incidental to the business of the Company, to the maximum extent provided under the terms of the Company’s charter and by-laws or any other applicable documentation, in accordance with
the terms and conditions set forth therein. 
 11. Consequences of Breach. Executive agrees that the benefits provided pursuant to
Section 3 of this Agreement are conditioned on his compliance with all of his commitments set forth in this Agreement, the Restrictive Covenants and the General Release. In the event of any breach of this Agreement, the Restrictive Covenants or
the General Release by Executive, the Company shall provide notice of such breach to Executive to allow him an opportunity to cure such breach. In the event Executive fails to cure such breach within five days after notice of such breach, the
Company shall be entitled to discontinue and recover all benefits paid or otherwise payable to Executive pursuant to Section 3 of this Agreement. In addition, Executive acknowledges that the provisions in the Restrictive Covenants are
necessary to enable the Company to maintain its competitive position and any actual or threatened breach of the Restrictive Covenants will result in irreparable and continuing damage to the Company for which there will be no adequate remedy at law.
In the event of any actual or threatened breach of the Restrictive Covenants, the Company shall be entitled to injunctive relief, including the right to a temporary restraining order, and other relief, including damages, as may be proper along with
the Company’s attorney’s fees and court costs. The foregoing stipulated damages and remedies of the Company are in addition to, and not to the exclusion of, any other damages the Company may be able to prove. 

12. Enforceability. If a court of competent jurisdiction determines that any provision of this Agreement is invalid or unenforceable,
then the invalidity or unenforceability of that provision shall not affect the validity or enforceability of any other provision of this Agreement, and all other provisions shall remain in full force and effect and such invalid or unenforceable
provision shall be reformulated by such court to preserve the intent of the parties hereto. 
 13. Successors. This Agreement shall
inure to the benefit of and be enforceable by Executive and by Executive’s personal or legal representatives, executors and administrators and by the Company and its successors and assigns. In the event of the death of Executive while any
amounts are payable to Executive hereunder, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to Executive’s estate. 

14. Notices. All notices and other communications required or permitted under this Agreement shall be in writing and shall be deemed to
have been duly given by a party hereto when delivered personally or by overnight courier that guarantees next day delivery or five days after deposit in the United States mail, postage prepaid to the following address of the other party hereto (or
to such other address of such other party as shall be furnished in accordance herewith) if to the Company, to Walgreen Co., 108 Wilmot Road, Deerfield, IL 60015, Attention: General Counsel, and if to Executive, to the last known address of Executive
in the records of the Company, which Executive may update from time to time by way of the notice procedure set forth in this Section 14. 







 15. Entire Agreement. Except as otherwise specifically provided herein, this Agreement
constitutes the entire agreement and understanding of the parties with respect to the subject matter hereof and with respect to Executive’s employment with the Company, contains all the covenants, promises, representations, warranties, and
agreements between the parties with respect to Executive’s separation from the Company and its subsidiaries and all positions therewith, and supersedes all prior employment or severance or other agreements between Executive and the Company and
its subsidiaries, whether written or oral, or any of its predecessors or affiliates. Except as otherwise provided herein, Executive acknowledges that no representation, inducement, promise, or agreement, oral or written, has been made by either
party, or by anyone acting on behalf of either party, which is not embodied herein, and that no agreement, statement, or promise relating to Executive’s separation from the Company and its subsidiaries that is not contained in this Agreement
shall be valid or binding. Executive represents and acknowledges that in executing this Agreement, he does not rely, and has not relied, upon any representation(s) by the Company or its agents except as expressly contained in this Agreement. Any
modification of this Agreement will be effective only if it is in writing and signed by both parties. 
 16. Waivers. No failure by
either party hereto at any time to give notice of any breach by the other party of, or to require compliance with, any condition or provision of this Agreement shall (i) be deemed a waiver of similar or dissimilar provisions or conditions at
the same or at any prior or subsequent time or (ii) preclude insistence upon strict compliance in the future. 
 17. Applicable
Law. This Agreement is entered into under, and shall be governed for all purposes by, the laws of the State of Illinois without giving effect to any choice of law principles. 

18. Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original. 

[Signature Page to Follow] 







 WHEREFORE, the Company and Executive, by their signatures below, evidence their agreement
to the provisions stated above.  
  

			
	WALGREEN CO.
		
	By:	 	 /s/ Gregory D. Wasson

	
	Date: August 4, 2014
	
	EXECUTIVE
	
	 /s/ Wade D. Miquelon

	Wade D. Miquelon
	
	Date: August 4, 2014









 EXHIBIT A 

GENERAL RELEASE AND WAIVER 

1. I, Wade D. Miquelon, in consideration of and subject to the performance by Walgreen Co. (together with its Affiliates, as defined in the
Severance Plan, the “Company Parties”), of its obligations under the Transition and Separation Agreement, dated August 4, 2014 (the “Separation Agreement”), do hereby release and forever discharge as of the
date hereof the Company Parties and their respective affiliates, subsidiaries and direct or indirect parent entities and all present, former and future shareholders, directors, officers, agents, representatives, employees, successors and assigns of
the Company and/or its respective affiliates, subsidiaries and direct or indirect parent entities (collectively, the “Released Parties”) to the extent provided below (this “General Release”). The Released
Parties are intended to be third-party beneficiaries of this General Release, and this General Release may be enforced by each of them in accordance with the terms hereof in respect of the rights granted to such Released Parties hereunder. Terms
used herein but not otherwise defined shall have the meanings given to them in the Separation Agreement. 
 2. I understand that any payments
or benefits paid or granted to me under Section 3 of the Separation Agreement represent, in part, consideration for signing this General Release and are not salary, wages or benefits to which I was already entitled. I understand and agree that
I will not receive certain of the payments and benefits specified in the Separation Agreement unless I execute this General Release and do not revoke this General Release within the time period permitted hereafter. Such payments and benefits will
not be considered compensation for purposes of any employee benefit plan, program, policy or arrangement maintained or hereafter established by the Company or its Affiliates. 

3. Except as provided in Sections 5, 6, and 12 below and except for the provisions of the Separation Agreement which expressly survive the
termination of my employment with the Company, I knowingly and voluntarily (for myself, my heirs, executors, administrators and assigns) release and forever discharge the Company and the other Released Parties from any and all claims, suits,
controversies, actions, causes of action, cross-claims, counter-claims, demands, debts, compensatory damages, liquidated damages, punitive or exemplary damages, other damages, claims for costs and attorneys’ fees, or liabilities of any nature
whatsoever in law and in equity, both past and present (through the date that this General Release becomes effective and enforceable) and whether known or unknown, suspected, or claimed against the Company or any of the Released Parties which I, my
spouse, or any of my heirs, executors, administrators or assigns, may have, and which arise out of or are connected with my employment with, or my separation or termination from, the Company, including, but not limited to, any allegation, claim or
violation, arising under: Title VII of the Civil Rights Act of 1964, as amended; the Civil Rights Act of 1991; the Age Discrimination in Employment Act of 1967, as amended (including the Older Workers Benefit Protection Act); the Equal Pay Act of
1963, as amended; the Americans with Disabilities Act of 1990; the Family and Medical Leave Act of 1993; the Worker Adjustment Retraining and Notification Act; the Employee Retirement Income Security Act of 1974; any applicable Executive Order
Programs; the Fair Labor Standards Act; or their state or local counterparts; or under any other federal, state or local civil or human rights law, or under any other local, state, or federal law, regulation or ordinance; or under any public policy,
contract or tort, or under common law; or arising under any policies, practices or procedures of the Company; or any claim for wrongful discharge, breach of contract, infliction of emotional distress, defamation; or any claim for costs, fees, or
other expenses, including attorneys’ fees incurred in these matters (all of the foregoing collectively referred to herein as the “Claims”). 

  
 A-1 








 4. I represent that I have made no assignment or transfer of any right, claim, demand, cause of
action, or other matter covered by Section 3 above. 
 5. I agree that this General Release does not waive or release any rights or
claims that I may have which arise after the date I execute this General Release, including Claims under the Age Discrimination in Employment Act of 1967. I acknowledge and agree that my separation from employment with the Company shall not serve as
the basis for any claim or action (including, without limitation, any claim under the Age Discrimination in Employment Act of 1967). 
 6. I
agree that I hereby waive all rights to sue or obtain equitable, remedial or punitive relief from any or all Released Parties of any kind whatsoever in respect of any Claims, including, without limitation, reinstatement, back pay, front pay, and any
form of injunctive relief. Notwithstanding the above, I further acknowledge that I am not waiving and am not being required to waive any right that cannot be waived under law, including the right to file an administrative charge or participate in an
administrative investigation or proceeding; provided, however, that I disclaim and waive any right to share or participate in any monetary award resulting from the prosecution of such charge or investigation or proceeding.
Additionally, I am not waiving (i) any right to the Accrued Obligations, any severance benefits or other consideration to which I am entitled under the Separation Agreement, (ii) any claim relating to directors’ and officers’
liability insurance coverage or any right of indemnification under the Company’s organizational documents or otherwise, (iii) my rights as an equity or security holder in the Company or its Affiliates, (iv) my rights under any equity
awards that survive termination of employment in accordance with the terms of the Separation Agreement; or (v) my rights under any retirement plan that is “qualified” under Section 401(a) of the Internal Revenue Code of 1986.

 7. I hereby agree not to bring or participate in any class or collective action against the Company and/or the other Released Parties that
asserts, in whole or in part, any claims that arose before I signed this General Release, whether or not such claims (if brought by me individually) are released by this General Release. 

8. In signing this General Release, I acknowledge and intend that it shall be effective as a bar to each and every one of the Claims
hereinabove mentioned or implied. I expressly consent that this General Release shall be given full force and effect according to each and all of its express terms and provisions, including those relating to unknown and unsuspected Claims
(notwithstanding any state or local statute that expressly limits the effectiveness of a general release of unknown, unsuspected and unanticipated Claims), if any, as well as those relating to any other Claims hereinabove mentioned or implied. I
acknowledge and agree that this waiver is an essential and material term of this General Release and that without such waiver I would not have become entitled to the benefits provided under the Separation Agreement. I further agree that in the event
I should bring a Claim seeking damages against the Company, or in the event I should seek to recover against the Company in any Claim brought by a governmental agency on my behalf, this General Release shall serve as a complete defense to such
Claims to the maximum extent permitted by law. I further agree that I am not aware of any pending claim of the type described in Section 3 above as of the execution of this General Release. 

  
 A-2 








 9. I agree that neither this General Release, nor the furnishing of the consideration for this
General Release, shall be deemed or construed at any time to be an admission by the Company, any Released Party or myself of any improper or unlawful conduct. 

10. Any non-disclosure provision in this General Release does not prohibit or restrict me (or my attorney) from responding to any inquiry about
this General Release or its underlying facts and circumstances by the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), any other insurance regulatory organization or any governmental entity. 

11. I represent that I am not aware of any claim by me other than the claims that are released by this General Release. I acknowledge that I
may hereafter discover claims or facts in addition to or different than those which I now know or believe to exist with respect to the subject matter of the release set forth in Section 3 above and which, if known or suspected at the time of
entering into this General Release, may have materially affected this General Release and my decision to enter into it. 
 12.
Notwithstanding anything in this General Release to the contrary, this General Release shall not relinquish, diminish, or in any way affect any rights or claims arising out of any breach by the Company or by any Released Party of the terms of the
Separation Agreement after the date hereof. 
 13. Whenever possible, each provision of this General Release shall be interpreted in such
manner as to be effective and valid under applicable law, but if any provision of this General Release is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality
or unenforceability shall not affect any other provision or any other jurisdiction, but this General Release shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been
contained herein. 
 14. BY SIGNING THIS GENERAL RELEASE, I REPRESENT AND AGREE THAT: 

(a) I HAVE READ IT CAREFULLY; AND I UNDERSTAND ALL OF ITS TERMS AND KNOW THAT I AM GIVING UP IMPORTANT RIGHTS, INCLUDING BUT
NOT LIMITED TO, RIGHTS UNDER THE AGE DISCRIMINATION IN EMPLOYMENT ACT OF 1967, AS AMENDED, TITLE VII OF THE CIVIL RIGHTS ACT OF 1964, AS AMENDED; THE EQUAL PAY ACT OF 1963; THE AMERICANS WITH DISABILITIES ACT OF 1990; AND THE EMPLOYEE RETIREMENT
INCOME SECURITY ACT OF 1974, AS AMENDED; 
 (b) I VOLUNTARILY CONSENT TO EVERYTHING IN IT; 

(c) I HAVE BEEN ADVISED TO CONSULT WITH AN ATTORNEY BEFORE EXECUTING IT AND I HAVE DONE SO OR, AFTER CAREFUL READING AND
CONSIDERATION, I HAVE CHOSEN NOT TO DO SO OF MY OWN VOLITION; 
 (d) I HAVE HAD AT LEAST 21 DAYS FROM THE DATE OF MY RECEIPT
OF THIS RELEASE TO CONSIDER IT, AND THE CHANGES MADE SINCE MY RECEIPT OF THIS RELEASE ARE NOT MATERIAL OR WERE MADE AT MY REQUEST AND WILL NOT RESTART THE REQUIRED 21-DAY PERIOD; 

  
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 (e) I UNDERSTAND THAT I HAVE SEVEN (7) DAYS AFTER THE EXECUTION OF THIS
RELEASE TO REVOKE IT AND THAT THIS RELEASE SHALL NOT BECOME EFFECTIVE OR ENFORCEABLE UNTIL THE REVOCATION PERIOD HAS EXPIRED; 

(f) I HAVE SIGNED THIS GENERAL RELEASE KNOWINGLY AND VOLUNTARILY AND WITH THE ADVICE OF ANY COUNSEL RETAINED TO ADVISE ME WITH
RESPECT TO IT; AND 
 (g) I AGREE THAT THE PROVISIONS OF THIS GENERAL RELEASE MAY NOT BE AMENDED, WAIVED, CHANGED OR MODIFIED
EXCEPT BY AN INSTRUMENT IN WRITING SIGNED BY AN AUTHORIZED REPRESENTATIVE OF THE COMPANY AND BY ME. 
  

							
	SIGNED:	  		  	DATED:	  	
		  	 /s/ Wade D. Miquelon
	  		  	 August 4, 2014

		  	            Executive	  		  	


  
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 EXHIBIT B 

AFFIRMATION AND ADDITIONAL RELEASE 

(“AFFIRMATION”) 
 By my
signature below, I hereby re-execute and affirm the Transition and Separation Agreement, originally signed by me on August 4, 2014 (the “Agreement”), including, but not limited to, the General Release and Waiver of claims attached as
Exhibit A to the Agreement (the “General Release”). Further, I hereby release and waive any and all claims described in the General Release that exist or may exist on or prior to the date I sign this Affirmation (including, without
limitation, claims under the ADEA). I understand that I (a) may not sign this Affirmation until on or after my Termination Date and (b) must return a signed copy of this Affirmation to the Company within 21 days after my Termination Date.

 Executive, by Executive’s free and voluntary act of signing below, (i) acknowledges that he has been given a period of at least
twenty-one (21) days to consider whether to agree to the terms contained herein, (ii) acknowledges that he has been advised in writing to consult with an attorney prior to executing this Affirmation, (iii) acknowledges that he
understands that this Agreement specifically releases and waives all rights and claims Executive may have under the ADEA on or prior to the date on which Executive signs this Affirmation, and for valuable consideration to which he otherwise would
not be entitled, and (iv) agrees to all of the terms of this Affirmation and the Agreement and intends to be legally bound thereby. 

Furthermore, Executive acknowledges that the promises and benefits provided for in Section 3 of the Agreement will be delayed until the
Agreement and this Affirmation become effective, enforceable and irrevocable. This Affirmation will become effective, enforceable and irrevocable on the eighth day after the date on which it is executed by Executive. During the seven-day period
following the date on which Executive executes this Affirmation, Executive may revoke his agreement to accept the terms of this Affirmation by indicating his revocation in writing to the General Counsel of the Company. If Executive exercises his
right to revoke this Affirmation, Executive shall not be eligible to receive and shall forfeit his right to receive any of the payments or benefits provided in the Agreement, and to the extent such payments or benefits have already been made,
Executive agrees that he will immediately reimburse the Company for the amounts of such promises and benefits. 
 Terms not defined in this
Affirmation shall have the same meaning as defined in the Agreement. 
  

	
	EXECUTIVE
	
	  

	Wade D. Miquelon
	
	Date:
                                        




  
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