Document:

Exhibit 10.1

 

MUELLER GROUP,
INC.

 

EMPLOYMENT
AGREEMENT

 

This AGREEMENT
(this “Agreement”) is entered into as of June 17,
2005, by and between Thomas E. Fish (the “Employee”) and
Mueller Group, Inc., a Delaware corporation (the “Company”).

 

WHEREAS, the
Employee has been and remains the President of the Company’s piping systems
products segment (“Piping Segment”);

 

WHERAS, in January 2005,
the Employee was also appointed to be the Company’s Interim Chief Financial
Officer;

 

WHEREAS, the
Company and the Employee desire to modify and memorialize, as of the Effective
Date (as defined below in paragraph 1), certain aspects of such employment
relationship;

 

NOW,
THEREFORE, in consideration of the covenants and conditions herein contained
and for other good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged by each party, the parties hereto hereby agree as
follows:

 

1.                                       Employment.  The
Company shall employee the Employee under this Agreement commencing as of January 1,
2005 (the “Effective Date”) and continuing
through the remaining Term (as defined below) hereof, and the Employee hereby
accepts such employment, all upon the terms and conditions set forth herein.

 

2.                                       Duties and Responsibilities. 
The Employee shall hold the positions of President of the Piping Segment
of the Company and Interim Chief Financial Officer of the Company.  The Employee shall serve as Interim Chief
Financial Officer of the Company at the pleasure of the Board of Directors of
the Company; and the Employee may resign from such interim position at any time
during the Term without such resignation being a termination of the Employee’s
employment under this Agreement or affecting the rights of the Employee or
obligations of the Company under this Agreement, other than the rights and
obligations under paragraph 4(c) of this Agreement.  In each position, the Employee shall report
to the Chief Executive Officer of the Company. 
The Employee shall have those duties and responsibilities that are
commensurate with his positions and assigned to him by the Chief Executive
Officer of the Company.

 

3.                                       Term and Termination of Employment.  The term of this Agreement (the “Term”) shall
be for one year, commencing on the Effective Date and, thereafter, the
Agreement automatically shall be renewed for, and the “Term” shall include,
successive periods of one year each.  
Notwithstanding the foregoing, during the Term:

 

(a)               The
Company may terminate the Employee’s employment for Cause (as defined below in
paragraph 3(e)) at any time, effective immediately, or for any reason other
than for Cause at any time.

 

1

 

(b)              The
Employee may terminate his employment with the Company at any time, whether by
voluntary resignation without Good Reason (as defined below in paragraph 3(g))
or for Good Reason, by not less than thirty (30) days prior written notice
(which notice, the Company may waive in its sole discretion).

 

(c)               The
Employee’s employment may terminate due to his death or Disability (as defined
below in paragraph 3(f)).

 

(d)              In
the event of termination of the Employee’s employment: (i) by the Company
for Cause, (ii) by the Employee for any reason other than Good Reason, or (iii) as
a result of the Employee’s death or Disability, the Company shall continue to
compensate the Employee in the normal course through the effective date of
termination, and the severance payment obligations of paragraph 4(f) shall
be inapplicable.  However, in the event
of termination upon death or Disability of the Employee, the provisions of
paragraph 4(c) shall apply.  Upon
termination of the Employee’s employment, this Agreement shall terminate
subject to the survival and fulfillment of those provisions of this Agreement
that, by their express terms are to survive such termination.

 

(e)               For
purposes of this Agreement, “Cause” shall
mean the Employee’s: (i) failure to substantially perform his duties; (ii) conviction
of a felony; (iii) act of fraud, embezzlement or willful dishonesty in
relation to the business or affairs of the Company or any other felonious
conduct on the part of the Employee that is demonstratably detrimental to the
best interests of the Company; (iv) being repeatedly under the influence
of illegal drugs or alcohol while performing his duties; or (v) commission
of any other willful act that is demonstratably injurious to the financial
condition or business reputation of the Company.

 

(f)                 For
purposes of this Agreement, “Disability”
shall be deemed to have occurred if the Employee has been unable to perform the
duties of his employment due to mental or physical incapacity for a period of
six (6) consecutive months or for any twelve (12) months in any period of
twenty-four (24) consecutive months.

 

(g)              For
purposes of this Agreement, “Good Reason”
means: (i) the material diminution of the responsibilities, duties,
authority or station of the Employee’s position, provided that the termination
of the Employee’s responsibilities as Interim Chief Financial Officer of the
Company shall not be deemed a diminution of the responsibilities, duties,
authority or station of the Employee’s position; or (ii) the requirement
that the Employee engage in conduct in violation of federal, state or local
laws or regulations.

 

2

 

4.                                       Compensation.  In
return for his services hereunder, the Employee shall be entitled to (i) the
Salary and bonus opportunity as specified below and (ii) certain fringe
benefits to the extent provided below.

 

(a)               Salary.  The Employee shall be paid a base salary (the
“Salary”) at an annual rate of not less
than: (i) Two Hundred, Forty-Five Thousand Dollars ($245,000) from the
Effective Date through February 28, 2005, and (ii) Two Hundred,
Seventy-Five Thousand ($275,000) Dollars from and after March 1, 2005,
subject to adjustment as herein provided. 
The Salary shall be reviewed no less frequently than annually by the
compensation committee of the board of directors of Mueller Water Products, Inc.
and shall be increased by an amount that is at least equal to the greater of (i) four
(4%) percent of the Employee’s base salary in effect immediately prior to such
adjustment or (ii) the product of (A) the cost of living increase (as
defined in the immediately subsequent sentence) and (B) the Employee’s
base salary in effect immediately prior to such adjustment.  The “cost
of living increase” shall mean the difference, expressed as a
percentage, between (i) the Consumer Price Index most recently published
by the Bureau of Labor Statistics of the U.S. Department of Labor,
Chicago-Gary-Kenosha, for urban wage earners and clerical workers, prior to the
date of such adjustment and (ii) such index as so published for the
immediately proceeding period.  Salary
payments shall be made as customarily disbursed by the Company.

 

(b)              Annual
Bonus.  The Employee shall receive an
annual bonus, payable at the conclusion of each fiscal year, equivalent to not
less than thirty percent (30%) of the Piping Systems Segment Bonus Pool, as
established from time to time by the Board of Directors of Mueller Water
Products, Inc.  In addition, for the
Company’s fiscal year ending September 30, 2005, in which year the
Employee is serving in the dual positions of President of the Piping Segment
and Interim Chief Financial Officer of the Company, the annual bonus payable to
Employee shall include an additional discretionary amount which shall not be
less than $200,000.

 

(c)               Payment
on Death or Disability.  If the
Employee’s employment is terminated as a result of the Employee’s Disability or
death, then no further compensation shall be payable to the Employee from or
after the effective date of such termination except that Employee or Employee’s
estate, heirs or beneficiaries, as applicable, shall be entitled, in addition
to any other benefits to which Employee is or may become entitled under any
benefit plan, to receive from the Company: (i) continued payment of
Employee’s then current Salary for the remainder of the fiscal year of the
Company in which such termination occurs; (ii) reimbursement of any
reimbursable expense incurred prior to such termination of Employee’s
employment; and (iii) if, but for termination of the Employee’s employment
due to death or Disability, the Employee would have been entitled under this
Agreement to a bonus for the Company fiscal year in which the termination
occurs, then the bonus payable to the Employee for such fiscal year, prorated
through the termination date.

 

3

 

(d)              Fringe
Benefits and Expenses.  The Employee
shall be entitled to participate from time to time in all fringe benefits of
the Company made available to employees generally, and employees of a class
including the Employee.  For purposes of
this paragraph 4(d), the Employee will be included in the class of senior
executives of the Company.  The Company
shall promptly reimburse the Employee for all ordinary and necessary expenses
incurred by the Employee on behalf of the Company.

 

(e)               Insurance
and Indemnification.  The Employee
shall be entitled to such insurance coverage and indemnification, including
reimbursement of legal fees and expenses, as are maintained by the Company and
its affiliates from time to time for its senior executives in accordance with
and to the extent of the governing documents of the Company and its affiliates
and applicable law.  For the avoidance of
doubt, this paragraph 4(e) shall survive the expiration or termination of
this Agreement.

 

(f)                 Severance
Payment.  In the event the Employee
is terminated by the Company for any reason other than for Cause or Employee’s death
or Disability, or in the event the Employee terminates his employment for Good
Reason, the Employee (or Employee’s estate, heirs or beneficiaries, as
applicable) shall be entitled to severance compensation (“Severance
Compensation”) in an amount equal to the sum of (i) eighteen (18) months
Salary (at the rate then in effect), plus (ii) one hundred fifty (150%)
percent of the annual bonus paid or payable to the Employee for the fiscal year
immediately preceding the fiscal year in which such termination occurs.  The Severance Compensation shall be payable
ratably in monthly installments, commencing six (6) months from the
effective date of such termination.  In
addition, in the event the Employee is terminated by the Company for any reason
other than for Cause or in the event the Employee terminates his employment for
Good Reason at any time before the end of the Term, Mueller Water Products, Inc.
shall waive any right to repurchase any of its equity securities then held by
the Employee.  Notwithstanding anything
set forth in this paragraph 4(f) to the contrary, the Company’s obligation
to make the Severance Compensation payments and to provide the other
post-termination benefits provided for herein is and shall be conditioned upon
the execution by the Employee, tender to the Company and non-revocation by the
Employee of a release of claims against the Company.  Said release of claims shall be in a form
conforming in all material respects to the release attached hereto and
incorporated herein as Exhibit #1 (the “Release”).

 

5.                                       Provisions Relating to Employee Conduct and Termination of Employment.

 

(a)               Confidentiality.  The Employee recognizes and acknowledges that
certain assets of the Company constitute Confidential Information (as defined
below in paragraph 5(c)).  The Employee
agrees that at all times during his employment and thereafter for a period of
three (3) years following the termination of such employment, howsoever
such termination may occur, he will keep and maintain all Confidential
Information confidential.

 

4

 

(b)              Return
of Materials.  The Employee agrees
that on the termination of his employment, howsoever such termination may
occur, the Employee will promptly return to the Company all materials and other
property from time to time held by the Employee and proprietary to the Company,
that is, all Confidential Information which had been reduced to written form.

 

(c)               Confidential
Information.  For purposes of this
Agreement, “Confidential Information” shall
mean all trade secrets and other proprietary information of the Company not
within the public domain.

 

(d)              Noncompetition.  The Employee agrees that at all times during
his employment and (subject to the payment and performance by the Company of
its obligations under paragraphs 3 and 4(f)) thereafter for a period of eighteen
(18) months following the termination of such employment, howsoever such
termination may occur, the Employee will not, directly or indirectly, compete
with the Company anywhere in the United States or Canada.

 

6.                                       Miscellaneous.

 

(a)               Tax
Withholding.  All payments under this
Agreement shall be subject to deduction and withholding authorized or required
by applicable law.

 

(b)              Supersedes
Prior Agreements.  This Agreement
supersedes any and all other employment, change-in-control, severance or
similar discussions, negotiations, arrangements and agreements (proposed or
otherwise, written or oral) between or on behalf of the Employee and the
Company, including without limitation, the Company’s Key Employee Severance
Plan.  Upon execution of this Agreement
by the Company and the Employee, Exhibit I to the Company’s Key Employee
Severance Plan shall be amended to remove Employee’s name from such Exhibit.

 

(c)               Binding
Effect.  This Agreement shall be
binding upon and inure to the benefit of the heirs, executors, administrators,
successors and assigns of the respective parties.

 

(d)              Notices.  All notices and other communications
hereunder shall be in writing or by written telecommunication (i.e., facsimile), and shall be deemed to have been duly
given if delivered personally or if sent by overnight courier or by certified
mail, return receipt requested, postage prepaid, or sent by written telecommunication,
receipt confirmed, if to the Company, to its corporate headquarters and, if to
the Employee to his last residence as shown on the records of the Company.

 

(e)               Venue;
Jurisdiction.  The parties hereto
agree that any dispute hereunder, or otherwise relating to the Employee’s
employment relationship with the Company or

 

5

 

the
termination thereof, whether or not arising during the Term, shall be submitted
to the federal or appropriate state court having jurisdiction and located in
Illinois, and the parties consent to the exclusive venue and jurisdiction of
such courts.

 

(f)                 Governing
Law.  This Agreement is to be
governed and construed according to the internal substantive laws of Illinois,
without regard to its conflict of laws provisions, and is to take effect as an
instrument under seal.

 

(g)              Conflicts.  To the extent that this Agreement conflicts
with any provision in any handbook, policy manual, rule or regulation of
the Company or its affiliates, the provisions of this Agreement shall take
precedence.

 

[
Remainder of Page Intentionally Left Blank ]

 

6

 

IN WITNESS
WHEREOF, the parties have duly executed this Agreement as of the date and year
first above written.

 

 

	
   

  	
    MUELLER GROUP, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
    By:

  	
    /s/

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Dale B. Smith

  
	
   

  	
   

  	
  Title:

  	
  Chief Executive Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
    /s/

  	
   

  
	
   

  	
     Thomas E. Fish

  
					

 

7

 

Exhibit #1

To

Agreement
between Mueller Group, Inc. and Thomas E. Fish

Dated June 17,
2005

 

                                ,
2   

 

RELEASE

 

As
consideration and a material inducement to Mueller Group, Inc. (the “Company”) to provide to me the severance payments and
benefits ( the “Severance Payment”) described in
Paragraph 4(f) of a certain Agreement between me and the Company dated June 17,
2005 (the “Agreement”), I, Thomas E. Fish,
hereby voluntarily, irrevocably and unconditionally release and forever
discharge the Company and its owners, partners, predecessors, successors,
assigns, subsidiaries and affiliates, and their agents, insurers, auditors,
attorneys, directors, officers, employees, representatives and contractors, and
all persons acting through, by, under or in concert with any of the above (collectively,
the “Releasees”), from any and all
complaints, claims, demands, liabilities or rights, whether known or unknown
and whether in law or in equity, that I had, now have or may claim to have in
the future that arise in whole or in part from my employment at or termination
from the Company (collectively, the “Claims”).  This general release specifically includes
without limitation Claims for unpaid wages, Claims of discrimination under
Title VII of the Civil Rights Act of 1964, the Age Discrimination In Employment
Act (“ADEA”) (see attached STATEMENT OF
RIGHTS UNDER ADEA) or any other prohibited basis identified under any federal,
state or local statute, regulation or ordinance (including without limitation
the Illinois Human Rights Act), Claims under the Fair Labor Standards Act,
Claims for work-related injury or illness, whether physical in nature or
manifested by psychological or emotional stress, Claims of fraud, conspiracy,
breach of employment contract, interference with employment contract, wrongful
discharge in violation of public policy, breach of the implied covenant of good
faith and fair dealing, infliction (negligent or intentional) of emotional
distress, defamation or any other Claim arising out of my employment or
severance of my employment with the Company, including without limitation any
Claims under any federal, state or local statute, regulation, ordinance or
common law.

 

Understanding of Release

 

It is
expressly understood and intended that, except as otherwise set forth herein,
this is my complete and final release of any and all Claims of whatever nature
against the Releasees.  I further
acknowledge and agree that this release is an essential material provision of
the Agreement and that without this release, the Severance Payment provided for
in the Agreement would not be made in

 

8

 

connection with my separation from the Company.  I understand, warrant and agree that I am
responsible for any federal, state and local taxes, which may be owed by me by
virtue of the receipt of the Severance Payment.

 

The Company’s Non-Admission of Liability

 

I understand
that the Company shall tender to me the Severance Payment provided for in the
Agreement solely to ease the impact of the loss of my employment and to
effectuate a mutually acceptable separation from my employment with the
Company.  The fact that the Company is
making the Severance Payment to me shall not be understood or construed as an
admission that the Company or any of the other Releasees has violated my rights
in any manner whatsoever, or the rights of anyone else.

 

Miscellaneous

 

This Release
shall be governed by and construed in accordance with the internal laws of
Illinois without regard to its conflicts of law principles.  The Agreement and this Release shall be
binding upon the respective heirs, legal representatives, successors and
assigns of me and the Company.

 

9

 

ACKNOWLEDGEMENT

 

I ACKNOWLEDGE THAT I HAVE THE RIGHT TO CONSULT MY FINANCIAL, TAX AND
LEGAL ADVISORS REGARDING THIS RELEASE BEFORE SIGNING AND THAT I AM ENCOURAGED
BY THE COMPANY TO CONSULT SUCH ADVISORS BEFORE SIGNING.  FURTHER I ACKNOWLEDGE THAT I HAVE HAD
SUFFICIENT TIME TO CONSIDER THE TERMS OF THIS RELEASE.

 

MY SIGNATURE BELOW IS EVIDENCE THAT I HAVE CAREFULLY READ AND FULLY
UNDERSTAND ALL OF THE PROVISIONS OF THIS RELEASE AND THAT I HAVE HAD SUFFICIENT
TIME AND OPPORTUNITY TO CONSIDER THE SEVERANCE PAYMENT AND RELEASE PROVISIONS
CONTAINED IN THE AGREEMENT AND/OR IN THIS RELEASE AND CONSULTED WITH MY
FINANCIAL, TAX, AND LEGAL ADVISORS BEFORE SIGNING THIS RELEASE.  I VOLUNTARILY ACCEPT THE TERMS STATED IN THIS
RELEASE.  I ACKNOWLEDGE THAT I AM NOT
UNDER DURESS, COERCION OR UNDUE INFLUENCE AND HAVE CHOSEN TO EXECUTE THIS RELEASE
VOLUNTARILY.

 

I ACKNOWLEDGE THAT I AM ENTITLED TO UP TO TWENTY-ONE (21) DAYS TO
CONSIDER WHETHER OR NOT TO SIGN THIS RELEASE. 
IF I DECIDE TO SIGN, THE EXECUTED RELEASE MUST BE RETURNED TO THE
GENERAL COUNSEL OF THE COMPANY NO LATER THAN 5:00 P.M. (EASTERN TIME),                                         
      , 2          .  I MAY SIGN THIS RELEASE PRIOR TO THE END
OF THE TWENTY-ONE (21) DAY PERIOD, BUT THE COMPANY CANNOT REVOKE THIS OFFER
BEFORE THEN.

 

I ACKNOWLEDGE THAT IF I DECIDE TO EXECUTE THIS RELEASE, I HAVE SEVEN (7) DAYS
AFTER DOING SO TO REVOKE THE SEVERANCE PAYMENT AND RELEASE PROVISIONS OF THE
AGREEMENT AND THIS RELEASE.  THAT MEANS
THAT IF, FOR ANY REASON, I DECIDE THAT SIGNING THIS RELEASE WAS NOT IN MY BEST
INTEREST, I HAVE SEVEN (7) DAYS AFTER SIGNING TO MAKE THAT DECISION.  SUCH REVOCATION MUST BE IN WRITING AND
RECEIVED BY THE GENERAL COUNSEL OF THE COMPANY NO LATER THEN 5:00 P.M.
(EASTERN TIME) ON THE SEVENTH (7TH) CALENDAR DAY (OR THE FIRST WORK
DAY THEREAFTER), BEGINNING WITH THE DAY AFTER I EXECUTE THIS AGREEMENT.

 

The terms of the Agreement and this Release constitute the entire
understanding concerning my employment, separation and all other subjects
addressed in the Agreement and this Release. 
Except as specifically provided therein and herein, the Agreement and
this Release supersede and replace all prior discussions,

 

10

 

negotiations, arrangements and agreements (proposed or otherwise,
written or oral) concerning the subject matter therein and herein.

 

11

 

Attachment

 

STATEMENT OF
RIGHTS UNDER ADEA

 

NOTE: THIS STATEMENT IS BEING FURNISHED TO YOU IN CONJUNCTION WITH AN
OFFER TO PROVIDE YOU WITH SEVERANCE PAYMENTS, TO WHICH YOU ARE NOT OTHERWISE
ENTITLED, IN EXCHANGE FOR YOUR AGREEMENT TO RELEASE OR WAIVE CLAIMS UNDER THE
FEDERAL AGE DISCRIMINATION IN EMPLOYMENT ACT AND CERTAIN OTHER LAWS (REFERRED
TO AS THE “RELEASE AGREEMENT”).  PLEASE READ THIS STATEMENT CAREFULLY AND
ACKNOWLEDGE BELOW.

 

The federal Age Discrimination in Employment Act (“ADEA”)
(29 U.S.C. ss. 621 et seq.) prohibits an employer from discriminating against
any employee age 40 or over because of that individual’s age.  The ADEA prohibits discrimination in all
terms and conditions of employment, including hiring, promotions, transfers,
demotions, salary or termination.

 

The ADEA also provides employees/former employees with certain rights in
connection with any release or waiver of claims under the ADEA.  Specifically, in order for such a release or
waiver to be valid, the following must occur:

 

12

 

1.                                       The
release or waiver must be part of an agreement between the individual and the
employer that is written in a manner that can be understood by the individual
or by an average individual eligible to participate (29 U.S.C. ss.
626(f)(1)(A)).

 

2.                                       The
waiver must specifically refer to rights or claims arising under the ADEA.  (29 U.S.C. ss. 626(f)(1)(B)).

 

3.                                       The
individual is not required to waive rights or claims that arise after the date
the waiver is executed.  (29 U.S.C. ss.
626(f)(1)(C)).

 

4.                                       The
individual may waive rights or claims only in exchange for consideration in
addition to anything of value to which he is already entitled.  (29 U.S.C. ss. 626(f)(1)(D)).

 

5.                                       THE
INDIVIDUAL MUST BE ADVISED IN WRITING TO CONSULT WITH AN ATTORNEY BEFORE
SIGNING THE RELEASE AGREEMENT.  (29
U.S.C. ss. 626(f)(1)(E)).

 

6.                                       THE
INDIVIDUAL MUST BE GIVEN A PERIOD OF AT LEAST TWENTY-ONE (21) DAYS IN WHICH TO
CONSIDER THE RELEASE AGREEMENT.  (29
U.S.C. ss. 626 (f)(1)(F)(i)).

 

7.                                       THE
RELEASE AGREEMENT MUST PROVIDE FOR A PERIOD OF AT LEAST SEVEN (7) DAYS
AFTER THE RELEASE AGREEMENT’S EXECUTION IN WHICH THE INDIVIDUAL MAY REVOKE
THE RELEASE AGREEMENT.

 

Furthermore,
the Release Agreement must not become effective or enforceable until this
revocation period has passed.  (29 U.S.C.
ss. 626(f)(1)(G)).  This statement has
been provided to you in conjunction with a request or offer to enter into an
agreement that provides, among other things, that you release or waive your
right to make claims under the ADEA.

 

In conformance
with the requirements set forth above, your employer hereby:

 

(a)               ADVISES
YOU TO CONSULT AN ATTORNEY BEFORE YOU SIGN THE RELEASE AGREEMENT.

 

(b)              OFFERS
YOU AT LEAST TWENTY-ONE (21) DAYS from your receipt of the proposed Release
Agreement and this statement to consider and sign the Release Agreement.  The Release Agreement should be returned to
the address below with your signature by 5:00 P.M. (Eastern Time) on                                       
    , 2          
in order to be accepted.

 

13

 

(c)               Allows
you SEVEN (7) DAYS after the date you return the Release Agreement with
your signature to revoke the Release Agreement. 
If we receive no revocation within that period, the Release Agreement
will become effective and enforceable. 
Your revocation must be in writing, and sent by overnight courier or by
certified mail, return receipt requested, postage prepaid, or by written
telecommunication (i.e.,
facsimile), receipt confirmed, to:

 

Mueller Group, Inc.

110 Corporate Drive – Suite 10

Portsmouth, NH 03801

Attn: General Counsel

Telephone: (603) 422-8090

Facsimile: (603) 422-8035

 

IF YOU DO NOT
UNDERSTAND ANYTHING IN OR ABOUT THIS STATEMENT OF RIGHTS, THE PROPOSED RELEASE
AGREEMENT, OR THE RELEASE OR WAIVER OF RIGHTS CONTAINED IN THE PROPOSED RELEASE
AGREEMENT, PLEASE LET US KNOW SO THAT WE CAN PROVIDE CLARIFICATION.  WE WILL ASSUME, AND ASK ANY COURT OR TRIER OF
FACT TO ASSUME, THAT YOU HAVE UNDERSTOOD EVERYTHING ON WHICH CLARIFICATION HAS
NOT BEEN SOUGHT.

 

In order to
document compliance with the various legal requirements described above, we
will need you to sign and date the acknowledgment of receipt of this Statement
and the proposed Release Agreement in which the release/waiver of claims under
the ADEA appears.  You will be provided
with a copy of this Statement and your acknowledgment of receipt for your records.

 

14

 

ACKNOWLEDGMENT
OF RECEIPT

 

I HEREBY
ACKNOWLEDGE THAT ON THE DATE INDICATED BELOW, I RECEIVED A COPY OF THE PROPOSED
RELEASE AGREEMENT THAT INCLUDES A WAIVER/RELEASE OF CLAIMS UNDER THE ADEA, AND
OF THE STATEMENT OF RIGHTS UNDER THE ADEA.

 

 

	
  Date:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
    Thomas E. Fish

  

 

15Exhibit 10.2

 

MUELLER GROUP,
INC.

 

EMPLOYMENT
AGREEMENT

 

This AGREEMENT
(this “Agreement”) is entered into as of June 17,
2005, by and between Doyce Gaskin (the “Employee”) and
Mueller Group, Inc., a Delaware corporation (the “Company”).

 

WHEREAS, the
Employee has been the Vice President of Manufacturing of Mueller Co. and, in
that position as overseen the manufacturing operations of the Company’s water
infrastructure operating segment (“Water Infrastructure Segment”);

 

WHEREAS, the
Company and the Employee desire to modify and memorialize, as of the Effective
Date (as defined below in paragraph 1), certain aspects of the Employee’s
employment relationship with the Company and its subsidiaries;

 

NOW,
THEREFORE, in consideration of the covenants and conditions herein contained
and for other good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged by each party, the parties hereto hereby agree as
follows:

 

1.                                       Employment.  The
Company shall employee the Employee under this Agreement commencing as of June 1,
2005 (the “Effective Date”) and continuing
through the remaining Term (as defined below) hereof, and the Employee hereby
accepts such employment, all upon the terms and conditions set forth herein.

 

2.                                       Duties and Responsibilities. 
Effective the Effective Date, the Employee shall hold the position of Vice
President, Manufacturing – Water Infrastructure Segment of the Company at the
pleasure of the Board of Directors of the Company.  In such position, the Employee shall report
to the Chief Executive Officer of the Company. 
The Employee shall have those duties and responsibilities that are
commensurate with his position and assigned to him by the Chief Executive
Officer of the Company.

 

3.                                       Term and Termination of Employment.  The term of this Agreement (the “Term”) shall
be for one year, commencing on the Effective Date and, thereafter, the
Agreement automatically shall be renewed for, and the “Term” shall include,
successive periods of one year each.  
Notwithstanding the foregoing, during the Term:

 

(a)               The
Company may terminate the Employee’s employment for Cause (as defined below in
paragraph 3(e)) at any time, effective immediately, or for any reason other
than for Cause at any time.

 

(b)              The
Employee may terminate his employment with the Company at any time, whether by
voluntary resignation without Good Reason (as defined below in paragraph 3(g))
or for Good Reason, by not less than thirty (30) days prior written notice
(which notice, the Company may waive in its sole discretion).

 

1

 

(c)               The
Employee’s employment may terminate due to his death or Disability (as defined
below in paragraph 3(f)).

 

(d)              In
the event of termination of the Employee’s employment: (i) by the Company
for Cause, (ii) by the Employee for any reason other than Good Reason, or (iii) as
a result of the Employee’s death or Disability, the Company shall continue to
compensate the Employee in the normal course through the effective date of
termination, and the severance payment obligations of paragraph 4(f) shall
be inapplicable.  However, in the event
of termination upon death or Disability of the Employee, the provisions of
paragraph 4(c) shall apply.  Upon
termination of the Employee’s employment, this Agreement shall terminate
subject to the survival and fulfillment of those provisions of this Agreement
that, by their express terms are to survive such termination.

 

(e)               For
purposes of this Agreement, “Cause” shall
mean the Employee’s: (i) failure to substantially perform his duties; (ii) conviction
of a felony; (iii) act of fraud, embezzlement or willful dishonesty in
relation to the business or affairs of the Company or any other felonious
conduct on the part of the Employee that is demonstratably detrimental to the
best interests of the Company; (iv) being repeatedly under the influence
of illegal drugs or alcohol while performing his duties; or (v) commission
of any other willful act that is demonstratably injurious to the financial
condition or business reputation of the Company.

 

(f)                 For
purposes of this Agreement, “Disability”
shall be deemed to have occurred if the Employee has been unable to perform the
duties of his employment due to mental or physical incapacity for a period of
six (6) consecutive months or for any twelve (12) months in any period of
twenty-four (24) consecutive months.

 

(g)              For
purposes of this Agreement, “Good Reason”
means: (i) the material diminution of the responsibilities, duties,
authority or station of the Employee’s position, provided that the termination
of the Employee’s position as an officer of any subsidiary of the Company shall
not be deemed a diminution of the responsibilities, duties, authority or
station of the Employee’s position; or (ii) the requirement that the
Employee engage in conduct in violation of federal, state or local laws or
regulations.

 

4.                                       Compensation.  In
return for his services hereunder, the Employee shall be entitled to (i) the
Salary and bonus opportunity as specified below and (ii) certain fringe
benefits to the extent provided below.

 

(a)               Salary.  The Employee shall be paid a base salary (the
“Salary”) at an annual rate of not less
than Two Hundred Thousand Dollars ($200,000) from and after the Effective Date,
subject to adjustment as herein provided. 
The Salary shall be reviewed no less frequently than annually by the
compensation committee of the board of directors of Mueller Water Products, Inc.
and shall be increased by an amount that is at least equal to the greater of (i) four
(4%) percent of the Employee’s base salary in effect immediately prior to such
adjustment or (ii) the product of (A) the cost of living increase

 

2

 

(as defined in
the immediately subsequent sentence) and (B) the Employee’s base salary in
effect immediately prior to such adjustment. 
The “cost of living increase”
shall mean the difference, expressed as a percentage, between (i) the
Consumer Price Index most recently published by the Bureau of Labor Statistics
of the U.S. Department of Labor, Chicago-Gary-Kenosha, for urban wage earners
and clerical workers, prior to the date of such adjustment and (ii) such
index as so published for the immediately proceeding period.  Salary payments shall be made as customarily
disbursed by the Company.

 

(b)              Annual
Bonus.  The Employee shall receive an
annual bonus, payable at the conclusion of each fiscal year, equivalent to not
less than fifteen percent (15%) of the bonus pool established from time to time
by the Board of Directors of Mueller Water Products, Inc. based on the
annual EBITDA of the following Water Infrastructure Segment operating
units:  Henry Pratt Company, Mueller
Canada, Mueller Co. – Albertville, Mueller Co. – Chattanooga and Mueller Co. –
Decatur.

 

(c)               Payment
on Death or Disability.  If the
Employee’s employment is terminated as a result of the Employee’s Disability or
death, then no further compensation shall be payable to the Employee from or
after the effective date of such termination except that Employee or Employee’s
estate, heirs or beneficiaries, as applicable, shall be entitled, in addition
to any other benefits to which Employee is or may become entitled under any
benefit plan, to receive from the Company: (i) continued payment of
Employee’s then current Salary for the remainder of the fiscal year of the
Company in which such termination occurs; (ii) reimbursement of any
reimbursable expense incurred prior to such termination of Employee’s
employment; and (iii) if, but for termination of the Employee’s employment
due to death or Disability, the Employee would have been entitled under this
Agreement to a bonus for the Company fiscal year in which the termination
occurs, then the bonus payable to the Employee for such fiscal year, prorated
through the termination date.

 

(d)              Fringe
Benefits and Expenses.  The Employee
shall be entitled to participate from time to time in all fringe benefits of
the Company made available to employees generally, and employees of a class
including the Employee.  For purposes of
this paragraph 4(d), the Employee will be included in the class of senior
executives of the Company.  The Company
shall promptly reimburse the Employee for all ordinary and necessary expenses
incurred by the Employee on behalf of the Company.

 

(e)               Insurance
and Indemnification.  The Employee
shall be entitled to such insurance coverage and indemnification, including
reimbursement of legal fees and expenses, as are maintained by the Company and
its affiliates from time to time for its senior executives in accordance with
and to the extent of the governing documents of the Company and its affiliates
and applicable law.  For the avoidance of
doubt, this paragraph 4(e) shall survive the expiration or termination of
this Agreement.

 

(f)                 Severance
Payment.  In the event the Employee
is terminated by the Company for any reason other than for Cause or Employee’s death
or Disability, or in the

 

3

 

event the
Employee terminates his employment for Good Reason, the Employee (or Employee’s
estate, heirs or beneficiaries, as applicable) shall be entitled to severance
compensation (“Severance Compensation”) in an amount equal to the sum of (i) eighteen
(18) months Salary (at the rate then in effect), plus (ii) one hundred
fifty (150%) percent of the annual bonus paid or payable to the Employee for
the fiscal year immediately preceding the fiscal year in which such termination
occurs.  The Severance Compensation shall
be payable ratably in monthly installments, commencing six (6) months from
the effective date of such termination. 
In addition, in the event the Employee is terminated by the Company for
any reason other than for Cause or in the event the Employee terminates his
employment for Good Reason at any time before the end of the Term, Mueller
Water Products, Inc. shall waive any right to repurchase any of its equity
securities then held by the Employee. 
Notwithstanding anything set forth in this paragraph 4(f) to the
contrary, the Company’s obligation to make the Severance Compensation payments
and to provide the other post-termination benefits provided for herein is and
shall be conditioned upon the execution by the Employee, tender to the Company
and non-revocation by the Employee of a release of claims against the Company.  Said release of claims shall be in a form
conforming in all material respects to the release attached hereto and
incorporated herein as Exhibit #1 (the “Release”).

 

5.                                       Provisions Relating to Employee Conduct and Termination of Employment.

 

(a)               Confidentiality.  The Employee recognizes and acknowledges that
certain assets of the Company constitute Confidential Information (as defined
below in paragraph 5(c)).  The Employee
agrees that at all times during his employment and thereafter for a period of
three (3) years following the termination of such employment, howsoever
such termination may occur, he will keep and maintain all Confidential
Information confidential.

 

(b)              Return
of Materials.  The Employee agrees
that on the termination of his employment, howsoever such termination may
occur, the Employee will promptly return to the Company all materials and other
property from time to time held by the Employee and proprietary to the Company,
that is, all Confidential Information which had been reduced to written form.

 

(c)               Confidential
Information.  For purposes of this
Agreement, “Confidential Information” shall
mean all trade secrets and other proprietary information of the Company not
within the public domain.

 

(d)              Noncompetition.  The Employee agrees that at all times during
his employment and (subject to the payment and performance by the Company of
its obligations under paragraphs 3 and 4(f)) thereafter for a period of eighteen
(18) months following the termination of such employment, howsoever such
termination may occur, the Employee will not, directly or indirectly, compete
with the Company anywhere in the United States or Canada.

 

4

 

6.                                       Miscellaneous.

 

(a)               Tax
Withholding.  All payments under this
Agreement shall be subject to deduction and withholding authorized or required
by applicable law.

 

(b)              Supersedes
Prior Agreements.  This Agreement
supersedes any and all other employment, change-in-control, severance or
similar discussions, negotiations, arrangements and agreements (proposed or
otherwise, written or oral) between or on behalf of the Employee and the
Company.

 

(c)               Binding
Effect.  This Agreement shall be
binding upon and inure to the benefit of the heirs, executors, administrators,
successors and assigns of the respective parties.

 

(d)              Notices.  All notices and other communications
hereunder shall be in writing or by written telecommunication (i.e., facsimile), and shall be deemed to have been duly
given if delivered personally or if sent by overnight courier or by certified
mail, return receipt requested, postage prepaid, or sent by written
telecommunication, receipt confirmed, if to the Company, to its corporate
headquarters and, if to the Employee to his last residence as shown on the
records of the Company.

 

(e)               Venue;
Jurisdiction.  The parties hereto
agree that any dispute hereunder, or otherwise relating to the Employee’s
employment relationship with the Company or the termination thereof, whether or
not arising during the Term, shall be submitted to the federal or appropriate
state court having jurisdiction and located in Illinois, and the parties
consent to the exclusive venue and jurisdiction of such courts.

 

(f)                 Governing
Law.  This Agreement is to be
governed and construed according to the internal substantive laws of Illinois,
without regard to its conflict of laws provisions, and is to take effect as an
instrument under seal.

 

(g)              Conflicts.  To the extent that this Agreement conflicts
with any provision in any handbook, policy manual, rule or regulation of
the Company or its affiliates, the provisions of this Agreement shall take
precedence.

 

[
Remainder of Page Intentionally Left Blank ]

 

5

 

IN WITNESS
WHEREOF, the parties have duly executed this Agreement as of the date and year
first above written.

 

 

	
   

  	
    MUELLER GROUP, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
    By:

  	
    /s/

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Dale B. Smith

  
	
   

  	
   

  	
  Title:

  	
  Chief Executive Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
    /s/

  	
   

  
	
   

  	
     Doyce Gaskin

  
					

 

6

 

Exhibit #1

To

Agreement
between Mueller Group, Inc. and Doyce Gaskin

Dated June 17,
2005

 

                          
    , 2        

 

RELEASE

 

As
consideration and a material inducement to Mueller Group, Inc. (the “Company”) to provide to me the severance payments and benefits
( the “Severance Payment”) described in
Paragraph 4(f) of a certain Agreement between me and the Company dated June 17,
2005 (the “Agreement”), I, Doyce Gaskin,
hereby voluntarily, irrevocably and unconditionally release and forever
discharge the Company and its owners, partners, predecessors, successors,
assigns, subsidiaries and affiliates, and their agents, insurers, auditors,
attorneys, directors, officers, employees, representatives and contractors, and
all persons acting through, by, under or in concert with any of the above
(collectively, the “Releasees”),
from any and all complaints, claims, demands, liabilities or rights, whether
known or unknown and whether in law or in equity, that I had, now have or may
claim to have in the future that arise in whole or in part from my employment
at or termination from the Company (collectively, the “Claims”).  This general release specifically includes
without limitation Claims for unpaid wages, Claims of discrimination under
Title VII of the Civil Rights Act of 1964, the Age Discrimination In Employment
Act (“ADEA”) (see attached STATEMENT OF
RIGHTS UNDER ADEA) or any other prohibited basis identified under any federal,
state or local statute, regulation or ordinance (including without limitation
the Illinois Human Rights Act), Claims under the Fair Labor Standards Act,
Claims for work-related injury or illness, whether physical in nature or
manifested by psychological or emotional stress, Claims of fraud, conspiracy,
breach of employment contract, interference with employment contract, wrongful
discharge in violation of public policy, breach of the implied covenant of good
faith and fair dealing, infliction (negligent or intentional) of emotional
distress, defamation or any other Claim arising out of my employment or
severance of my employment with the Company, including without limitation any
Claims under any federal, state or local statute, regulation, ordinance or
common law.

 

Understanding of Release

 

It is
expressly understood and intended that, except as otherwise set forth herein,
this is my complete and final release of any and all Claims of whatever nature
against the Releasees.  I further
acknowledge and agree that this release is an essential material provision of
the Agreement and that without this release, the Severance Payment provided for
in the Agreement would not be made in

 

7

 

connection with my separation from the Company.  I understand, warrant and agree that I am
responsible for any federal, state and local taxes, which may be owed by me by
virtue of the receipt of the Severance Payment.

 

The Company’s Non-Admission of Liability

 

I understand
that the Company shall tender to me the Severance Payment provided for in the
Agreement solely to ease the impact of the loss of my employment and to
effectuate a mutually acceptable separation from my employment with the
Company.  The fact that the Company is
making the Severance Payment to me shall not be understood or construed as an
admission that the Company or any of the other Releasees has violated my rights
in any manner whatsoever, or the rights of anyone else.

 

Miscellaneous

 

This Release
shall be governed by and construed in accordance with the internal laws of
Illinois without regard to its conflicts of law principles.  The Agreement and this Release shall be
binding upon the respective heirs, legal representatives, successors and
assigns of me and the Company.

 

8

 

ACKNOWLEDGEMENT

 

I ACKNOWLEDGE THAT I HAVE THE RIGHT TO CONSULT MY FINANCIAL, TAX AND
LEGAL ADVISORS REGARDING THIS RELEASE BEFORE SIGNING AND THAT I AM ENCOURAGED
BY THE COMPANY TO CONSULT SUCH ADVISORS BEFORE SIGNING.  FURTHER I ACKNOWLEDGE THAT I HAVE HAD
SUFFICIENT TIME TO CONSIDER THE TERMS OF THIS RELEASE.

 

MY SIGNATURE BELOW IS EVIDENCE THAT I HAVE CAREFULLY READ AND FULLY
UNDERSTAND ALL OF THE PROVISIONS OF THIS RELEASE AND THAT I HAVE HAD SUFFICIENT
TIME AND OPPORTUNITY TO CONSIDER THE SEVERANCE PAYMENT AND RELEASE PROVISIONS
CONTAINED IN THE AGREEMENT AND/OR IN THIS RELEASE AND CONSULTED WITH MY
FINANCIAL, TAX, AND LEGAL ADVISORS BEFORE SIGNING THIS RELEASE.  I VOLUNTARILY ACCEPT THE TERMS STATED IN THIS
RELEASE.  I ACKNOWLEDGE THAT I AM NOT
UNDER DURESS, COERCION OR UNDUE INFLUENCE AND HAVE CHOSEN TO EXECUTE THIS
RELEASE VOLUNTARILY.

 

I ACKNOWLEDGE THAT I AM ENTITLED TO UP TO TWENTY-ONE (21) DAYS TO
CONSIDER WHETHER OR NOT TO SIGN THIS RELEASE. 
IF I DECIDE TO SIGN, THE EXECUTED RELEASE MUST BE RETURNED TO THE
GENERAL COUNSEL OF THE COMPANY NO LATER THAN 5:00 P.M. (EASTERN TIME),                                         
      , 2          .  I MAY SIGN THIS RELEASE PRIOR TO THE END
OF THE TWENTY-ONE (21) DAY PERIOD, BUT THE COMPANY CANNOT REVOKE THIS OFFER
BEFORE THEN.

 

I ACKNOWLEDGE THAT IF I DECIDE TO EXECUTE THIS RELEASE, I HAVE SEVEN (7) DAYS
AFTER DOING SO TO REVOKE THE SEVERANCE PAYMENT AND RELEASE PROVISIONS OF THE
AGREEMENT AND THIS RELEASE.  THAT MEANS
THAT IF, FOR ANY REASON, I DECIDE THAT SIGNING THIS RELEASE WAS NOT IN MY BEST
INTEREST, I HAVE SEVEN (7) DAYS AFTER SIGNING TO MAKE THAT DECISION.  SUCH REVOCATION MUST BE IN WRITING AND
RECEIVED BY THE GENERAL COUNSEL OF THE COMPANY NO LATER THEN 5:00 P.M.
(EASTERN TIME) ON THE SEVENTH (7TH) CALENDAR DAY (OR THE FIRST WORK DAY
THEREAFTER), BEGINNING WITH THE DAY AFTER I EXECUTE THIS AGREEMENT.

 

The terms of the Agreement and this Release constitute the entire
understanding concerning my employment, separation and all other subjects
addressed in the Agreement and this Release. 
Except as specifically provided therein and herein, the Agreement and
this Release supersede and replace all prior discussions,

 

9

 

negotiations, arrangements and agreements (proposed or otherwise,
written or oral) concerning the subject matter therein and herein.

 

10

 

Attachment

 

STATEMENT OF
RIGHTS UNDER ADEA

 

NOTE: THIS STATEMENT IS BEING FURNISHED TO YOU IN CONJUNCTION WITH AN
OFFER TO PROVIDE YOU WITH SEVERANCE PAYMENTS, TO WHICH YOU ARE NOT OTHERWISE
ENTITLED, IN EXCHANGE FOR YOUR AGREEMENT TO RELEASE OR WAIVE CLAIMS UNDER THE
FEDERAL AGE DISCRIMINATION IN EMPLOYMENT ACT AND CERTAIN OTHER LAWS (REFERRED
TO AS THE “RELEASE AGREEMENT”).  PLEASE READ THIS STATEMENT CAREFULLY AND
ACKNOWLEDGE BELOW.

 

The federal Age Discrimination in Employment Act (“ADEA”)
(29 U.S.C. ss. 621 et seq.) prohibits an employer from discriminating against
any employee age 40 or over because of that individual’s age.  The ADEA prohibits discrimination in all
terms and conditions of employment, including hiring, promotions, transfers,
demotions, salary or termination.

 

The ADEA also provides employees/former employees with certain rights in
connection with any release or waiver of claims under the ADEA.  Specifically, in order for such a release or
waiver to be valid, the following must occur:

 

11

 

1.                                       The
release or waiver must be part of an agreement between the individual and the
employer that is written in a manner that can be understood by the individual
or by an average individual eligible to participate (29 U.S.C. ss.
626(f)(1)(A)).

 

2.                                       The
waiver must specifically refer to rights or claims arising under the ADEA.  (29 U.S.C. ss. 626(f)(1)(B)).

 

3.                                       The
individual is not required to waive rights or claims that arise after the date
the waiver is executed.  (29 U.S.C. ss.
626(f)(1)(C)).

 

4.                                       The
individual may waive rights or claims only in exchange for consideration in
addition to anything of value to which he is already entitled.  (29 U.S.C. ss. 626(f)(1)(D)).

 

5.                                       THE
INDIVIDUAL MUST BE ADVISED IN WRITING TO CONSULT WITH AN ATTORNEY BEFORE
SIGNING THE RELEASE AGREEMENT.  (29
U.S.C. ss. 626(f)(1)(E)).

 

6.                                       THE
INDIVIDUAL MUST BE GIVEN A PERIOD OF AT LEAST TWENTY-ONE (21) DAYS IN WHICH TO
CONSIDER THE RELEASE AGREEMENT.  (29
U.S.C. ss. 626 (f)(1)(F)(i)).

 

7.                                       THE
RELEASE AGREEMENT MUST PROVIDE FOR A PERIOD OF AT LEAST SEVEN (7) DAYS
AFTER THE RELEASE AGREEMENT’S EXECUTION IN WHICH THE INDIVIDUAL MAY REVOKE
THE RELEASE AGREEMENT.

 

Furthermore,
the Release Agreement must not become effective or enforceable until this
revocation period has passed.  (29 U.S.C.
ss. 626(f)(1)(G)).  This statement has
been provided to you in conjunction with a request or offer to enter into an
agreement that provides, among other things, that you release or waive your
right to make claims under the ADEA.

 

In conformance
with the requirements set forth above, your employer hereby:

 

(a)               ADVISES
YOU TO CONSULT AN ATTORNEY BEFORE YOU SIGN THE RELEASE AGREEMENT.

 

(b)              OFFERS
YOU AT LEAST TWENTY-ONE (21) DAYS from your receipt of the proposed Release
Agreement and this statement to consider and sign the Release Agreement.  The Release Agreement should be returned to
the address below with your signature by 5:00 P.M. (Eastern Time) on                                       
    , 2          
in order to be accepted.

 

12

 

(c)          Allows
you SEVEN (7) DAYS after the date you return the Release Agreement with
your signature to revoke the Release Agreement. 
If we receive no revocation within that period, the Release Agreement
will become effective and enforceable. 
Your revocation must be in writing, and sent by overnight courier or by
certified mail, return receipt requested, postage prepaid, or by written
telecommunication (i.e.,
facsimile), receipt confirmed, to:

 

Mueller Group, Inc.

110 Corporate Drive – Suite 10

Portsmouth, NH 03801

Attn: General Counsel

Telephone: (603) 422-8090

Facsimile: (603) 422-8035

 

IF YOU DO NOT
UNDERSTAND ANYTHING IN OR ABOUT THIS STATEMENT OF RIGHTS, THE PROPOSED RELEASE
AGREEMENT, OR THE RELEASE OR WAIVER OF RIGHTS CONTAINED IN THE PROPOSED RELEASE
AGREEMENT, PLEASE LET US KNOW SO THAT WE CAN PROVIDE CLARIFICATION.  WE WILL ASSUME, AND ASK ANY COURT OR TRIER OF
FACT TO ASSUME, THAT YOU HAVE UNDERSTOOD EVERYTHING ON WHICH CLARIFICATION HAS
NOT BEEN SOUGHT.

 

In order to
document compliance with the various legal requirements described above, we
will need you to sign and date the acknowledgment of receipt of this Statement
and the proposed Release Agreement in which the release/waiver of claims under
the ADEA appears.  You will be provided
with a copy of this Statement and your acknowledgment of receipt for your records.

 

13

 

ACKNOWLEDGMENT
OF RECEIPT

 

I HEREBY
ACKNOWLEDGE THAT ON THE DATE INDICATED BELOW, I RECEIVED A COPY OF THE PROPOSED
RELEASE AGREEMENT THAT INCLUDES A WAIVER/RELEASE OF CLAIMS UNDER THE ADEA, AND
OF THE STATEMENT OF RIGHTS UNDER THE ADEA.

 

 

	
  Date:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
    Doyce Gaskin

  

 

14

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