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 Todd W. Schorr (“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 April 30, 2007. (“Termination
Date”); provided that, Associate hereby resigns from all officer and director
positions held by Associate effective April 29, 2007.  Associate shall continue to receive his
current pay and benefits through the Termination Date.


2.             Severance Pay, Bonus  and Benefits.


(a)  Generally. In consideration of the
execution and non-revocation of this Agreement, the Company shall pay Associate
severance pay at his current rate of pay beginning on the first regular pay
period following the expiration of the revocation period, and continuing for
twelve (12) months (the “Severance Period”). 
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.


(b)  Additional Consideration. In lieu of
any payments Associate may otherwise be eligible to receive under any
management incentive or other performance incentive plan, Associate will also
be eligible to receive a pro rata share of the award, if any,  that Associate would have received under the
2007  Management Incentive Plan if
Associate’s employment had continued. Payment of any MIP award is contingent
upon satisfaction of Company and business 













unit targets,
Compensation Committee approval and Associate’s compliance with the terms of
this Agreement. The award, if any, shall be paid to Associate at the same time
as 2007 MIP awards are generally paid and shall be subject to payroll taxes and
withholding.


Associate shall
also be permitted to remain in the premises located at [Address] (the “Premises”)
until Midnight (Illinois time) on July 31, 2007 under the same terms and
conditions that Associate currently occupies said Premises.  Thereafter, Company shall request that
Lincoln Property Company (the “Landlord”) to allow Company to assign the lease
to Associate under the terms of the Lease Agreement between SIRVA, Inc. and
Landlord dated January 24, 2007.   If
Landlord does not provide its written consent to assign the lease, Associate
agrees to vacate the Premises on or before the date stated above.


For informational
purposes only, Associate is not owed any earned but unused Paid Time Off (“PTO”).


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. 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.


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, including but not limited to the
letter dated May 30, 2000. 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.           Without
the prior written consent of the Company, or except to the extent required by
an order of a court having competent jurisdiction or under subpoena from an
appropriate government agency, Associate shall not disclose any trade secrets,
customer lists, designs, information regarding product development, marketing
plans, sales plans, projected acquisitions or dispositions of properties or
management agreements, management organization information (including data and
other information relating to members of the Board and management), operating
policies or manuals, business plans, purchasing agreements, financial records,
or other financial, commercial, business or technical information relating to
the Company or any of its subsidiaries or information designated as
confidential or proprietary that the Company or any of its subsidiaries may
receive belonging to suppliers, customers or others who do business with the
Company or any of its subsidiaries (collectively, “Confidential Information”)
to any third person unless such Confidential Information has been previously
disclosed to the public by the Company or is in the public domain other than by
reason of Associate’s breach of this subparagraph.


14.           Associate
agrees that during the Severance Period he will not directly or indirectly
induce, solicit, encourage or recruit any person who provides services to the
Company, whether as an employee, consultant, independent contractor or agent or
any entity which provides services to the Company under an agency relationship
(including, without limitation, under a relationship governed by an Agency
Contract) to terminate his, her or its relationship with or services for the
Company and shall not directly or 
indirectly, either individually or as owner, 













agent,
employee consultant or otherwise, employ or offer employment to any person who
is or was employed by the Company unless such person, agent, or entity shall
have ceased to provide services to the Company or to have had a legal
relationship with the Company for a period of at least six (6) months. Notwithstanding
the foregoing, Associate further covenants and agrees that Associate shall not
solicit during the Severance Period any business in competition with Company,
from any person or entity who has entered into an agency relationship
(including without limitation, a relationship governed by an Agency Contract)
with either Allied Van Lines, Inc., North American Van Lines, Inc., and/or
Global Van Lines, Inc.


15.           Associate
agrees that during the Severance period, he will not, without the prior written
consent of the Company, directly or indirectly, whether as an employee,
officer, director, independent contractor, consultant, stockholder, partner or
otherwise, engage in or assist others to engage in or have any interest in any
business which competes with the Company in any geographic area in which
Company markets or has marketed its products.


16.           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.


17.           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 April 30, 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.


18.           Indemnification.  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.


19.           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 Nineteen (a) (19(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 April 30, 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 of 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.


19.           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 efforts, 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.


	
  Todd W. Schorr

  	
   

  	
   

  	
  SIRVA, INC

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  /s/ Todd W.
  Schorr

  	
   

  	
  By:

  	
  /s/ Rene C. Gibson

  	
   

  
	
  Associate’s
  Signature

  	
   

  	
   

  	
   

  	
   

  
	
  Print Name:  Todd W. Schorr

  	
   

  	
  Its:

  	
  Senior Vice President, Human Resources

  	
   

  
	
  5/12/07

  	
   

  	
   

  	
  6/7/07

  	
   

  
	
  Date

  	
   

  	
   

  	
  Date