Document:

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                                                                    EXHIBIT 10.1

                           SEVERANCE AGREEMENT BETWEEN
                    WOLVERINE TUBE, INC. AND THOMAS B. SABOL

         This Severance Agreement ("this Agreement") between Wolverine Tube,
Inc. ("Wolverine") and Thomas B. Sabol ("Sabol") controls the terms of the
severance of the relationship between the two parties and their respective
rights and obligations to each other.

                                    Recitals

         WHEREAS, Sabol and Wolverine wish to sever the employee-employer
relationship between the two parties on amicable terms and in a manner
beneficial to and respectful to the desires of both parties; and

         WHEREAS, Sabol and Wolverine previously have entered into a 2004 Change
in Control, Severance and Non-Competition Agreement with an Effective Date of
December 1, 2004 (the "2004 Change in Control Agreement"); and

         WHEREAS, in order to avoid any dispute that could arise under the 2004
Change in Control Agreement the parties have agreed to replace and supersede
certain provisions of the 2004 Change In Control Agreement relating to the
termination of employment.

         NOW, THEREFORE, in consideration of the recitals and mutual covenants
and agreements set forth below, the parties, each intending to be legally bound,
agree as follows:

         1. Resignation of Employment. Sabol hereby voluntarily resigns his
employment with Wolverine effective November 4, 2005 (the "Resignation Date").
Wolverine's personnel records will reflect that Sabol's employment ended as a
result of Sabol's voluntary resignation. Sabol will be under no obligation or
authority to perform any duties for or on behalf of Wolverine after the close of
business on November 4, 2005.

         2. Compensation, Benefits, and Other Consideration. The parties agree
that paragraph 1 entitled "Termination of Employment" of the 2004 Change in
Control Agreement is hereby superseded and will have no further force or effect,
and the parties will have no further rights and/or obligations thereunder. In
exchange for the General Release provided to Wolverine by Sabol pursuant to
Paragraph 5 of this Agreement, Wolverine hereby agrees to provide Sabol with
consideration consisting of the following:

                  a. a lump sum cash payment equal to Ninety-seven Thousand
         Seven Hundred Seventy-seven and 05/100 Dollars ($97,777.05), which
         represents the sum of the following amounts:

                           i. an amount equal to four (4) months of Sabol's base
         salary as in effect immediately prior to the Resignation Date;

                           ii. an amount equal to the cost necessary for Sabol
         to continue his medical insurance coverage under the Wolverine group
         health plan pursuant to

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         COBRA for a period of four (4) months following the Resignation Date
         regardless of whether Sabol actually elects to continue such coverage;

                           iii. an amount equal to the estimated cost for Sabol
         to purchase disability insurance similar to the disability insurance
         coverage received by Sabol pursuant to Wolverine's long-term disability
         insurance plan for a period of four (4) months following the
         Resignation Date of this Agreement regardless of whether Sabol actually
         purchases such coverage;

                           iv. an amount equal to the estimated cost for Sabol
         to purchase life insurance coverage similar to the life insurance
         coverage receive by Sabol under Wolverine's group term life insurance
         plan for a period of four (4) months following the Resignation Date
         regardless of whether Sabol actually purchases such coverage; plus

                           v. an amount equal to $675 multiplied by eleven (11)
         which represents Sabol's car allowance as set forth in Sabol's offer
         letter dated November 23, 2004.

                  b. an amount equal to the maximum percentage of monthly base
         salary under the Wolverine bonus plan for 2005, in no event less than
         forty-five percent (45%) of his monthly base salary multiplied by four
         (4), which shall be paid to Sabol at the same time bonus payments are
         made to other executives under Wolverine's bonus plan, but no later
         than March 15, 2006; and

                  c. reimbursement for documented business-related expenses,
         travel expenses already incurred by Sabol to and from Company
         headquarters and temporary living expenses, including reimbursement for
         any plane tickets to or from Company headquarters that were purchased
         prior to the Resignation Date, and reimbursement for Sabol's return
         trip and associated costs via rental car to Wisconsin, payable all in
         accordance with and pursuant to the Company's normal expense
         reimbursement and relocation policies.

         In addition to the foregoing, Wolverine shall also provide Sabol with
outplacement services provided by an outplacement consultant mutually agreeable
to Sabol and Wolverine for a period of six (6) months following the Resignation
Date.

         Payments to Sabol of all compensation contemplated under this Agreement
are conditioned upon Sabol not revoking this Agreement pursuant to Paragraph 6
hereinbelow and shall be subject to all applicable legal requirements with
respect to the withholding of taxes and similar deductions. Sabol acknowledges
and agrees that the foregoing benefits are above and beyond what he otherwise
would be entitled to receive as a former employee of Wolverine. Nothing in this
Agreement affects any vested benefits Sabol has in any benefit plan or his
rights to continue medical insurance coverage under the Consolidated Omnibus
Budget Reconciliation Act of 1985 ("COBRA").

         3. Secrecy, Non-Solicitation and Non-Competition. Sabol agrees to
adhere to the secrecy, non-solicitation and non-competition restrictions and
equitable relief

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provisions contained in paragraph 2 of the 2004 Change in Control Agreement
following Sabol's resignation and the parties also agree and understand that
since Sabol's resignation is voluntary, Sabol does not have "Good Reason" (as
such term is defined in the 2004 Change In Control Agreement) to terminate his
employment with Wolverine.

         4. Termination of 2004 Change In Control Agreement. The parties hereto
agree that except for Sabol's obligation to adhere to the secrecy,
non-solicitation and non-competition and equitable relief provisions under
Paragraph 3 above, the 2004 Change in Control Agreement is terminated and of no
further force and effect and the parties agree that Sabol is not due any
payments or benefits under such agreement.

         5. General Release. For and in consideration of the foregoing
obligations, the sufficiency of which is hereby acknowledged, Sabol does hereby
irrevocably and unconditionally RELEASE, ACQUIT, and FOREVER DISCHARGE Wolverine
and any of its affiliate companies, employees, officers, and directors of and
from any and all claims, actions, causes of action, demands, rights, damages,
costs, assessments, penalties, fees, and all other expenses whatsoever
(collectively referred to as "Claims"), arising prior to or on the date hereof,
except as expressly set forth below, which Sabol now holds, owns, or holds, or
claims to have, own, or hold, or which Sabol at any time heretofore had, owned,
or held, or claimed to have, own, or held, or which Sabol at any time hereafter
(based on any occurrence, action, or omission (whether or not a continuing
violation) on or before the date of this Agreement may have, own, or hold, or
claim to have, own, or hold, whether arising under federal law (including but
not limited to the federal Age Discrimination in Employment Act), state law
(including but not limited to the Alabama Age Discrimination in Employment Act),
and/or any other basis whatsoever. Sabol further waives and releases any Claims
Sabol may have arising out of or relating to the 2004 Change In Control
Agreement. For the same consideration, Sabol accepts the terms of this Agreement
as accord and satisfaction of all such Claims.

The only exceptions to this Agreement with its waiver and release are:

                  (a)      Sabol's right to enforce this Agreement; and

                  (b)      Any Claims or rights arising out of events occurring
                           after the date of the execution of this Agreement.

         6. Time To Consider and Revoke. Sabol represents and acknowledges that
he was supplied with a copy of this Agreement, that he has carefully read it,
that he fully understands its terms, that he has been advised hereby, in
writing, to consult with an attorney prior to the execution of this Agreement.
Sabol also acknowledges and agrees that he was given and hereby is given a
period of at least twenty-one (21) days within which to consider this Agreement
and to consult with an attorney and other advisors of his choice regarding the
same. Sabol understands that this Agreement releases and waives known and
unknown claims and rights and has other important legal consequences.

         It is understood and agreed that for a period of seven (7) days
following the execution of this Agreement, Sabol may revoke the same by written
notice delivered by

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postage prepaid U.S. Mail, overnight delivery service (UPS or Federal Express),
or by hand delivery, to:

                  Jim Neill
                  Director of Human Resources
                  P.O. Box 2202
                  Decatur, AL 35602

         Sabol further understands and agrees that during the seven (7) day
revocation period referenced above, this Agreement shall not become effective or
enforceable. Sabol further understands that in the event this Agreement is
revoked by Sabol or someone acting on his behalf within the seven day period
discussed above, then Wolverine shall be relieved of all obligations contained
within this Agreement. The day following the expiration of such seven (7) day
revocation period shall be the Effective Date of this Agreement.

         7. No Waiver. Wolverine and Sabol agree that any failure of one party
to demand rigid adherence to one or more of the provisions of this Agreement, on
one or more occasions, shall not be construed as a waiver, estoppel, or release,
nor shall any such failure ever deprive either party of the right to insist upon
strict compliance.

         8. Severability. If, for any reason, any paragraph, section, portion or
provision of this Agreement shall be held by a court or other tribunal to be
invalid or unenforceable, it is agreed by both parties that such a holding shall
not affect the enforceability of any other paragraph, section, portion or
provision of this Agreement. The parties further agree that a court may modify
any provision of this Agreement rather than hold the provision invalid or
unenforceable to effectuate the provision's intent to the fullest extent
possible.

         9. Modification. No modification, amendment, or waiver of any of the
provisions of this Agreement shall be effective unless made in writing
specifically referring to this Agreement and signed by each of the parties.

         10. Governing Law. The parties acknowledge and agree that the principal
place of business of Wolverine is located in Alabama, and that this Agreement
shall be considered to have been made in Alabama and the laws of the State of
Alabama shall govern this Agreement.

         11. Entire Agreement. This instrument constitutes the entire agreement
between the parties with respect to the subject matter hereof. All prior
agreements, representations, and promises between the parties with respect to
the subject matter hereof are superseded by this Agreement.

         12. Attorneys' Fees. If any action is brought to enforce this Agreement
or to collect damages as a result of a breach of any of its provisions, the
prevailing party shall also be entitled to collect its reasonable attorneys'
fees and costs incurred in such action, which costs can include the reasonable
cost of investigation, expert witnesses and the costs in enforcing or collecting
any judgment rendered, all as determined and awarded.

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         IN WITNESS WHEREOF, SABOL AND WOLVERINE HAVE CAUSED THIS AGREEMENT TO
BE EXECUTED ON THIS THE 9TH DAY OF NOVEMBER, 2005, BOTH INTENDING TO BE FULLY
AND LEGALLY BOUND.

                                             WOLVERINE TUBE, INC.

                                             BY: /S/ DENNIS HOROWITZ
                                                 ----------------------------
                                             NAME: DENNIS HOROWITZ
                                             ITS: CHAIRMAN, PRESIDENT & CEO

WITNESS: /S/ JOHANN R. MANNING               /S/ THOMAS B. SABOL
         -----------------------             --------------------------------
                                             THOMAS B. SABOL

                                       5<PAGE>
                                                                    EXHIBIT 10.2

(WOLVERINE TUBE, INC. LOGO)                                 WOLVERINE TUBE, INC.
                                                  200 CLINTON AVENUE, SUITE 1000
                                                            HUNTSVILLE, AL 35801

                                November 7, 2005

Mr. James E. Deason.

                  PERSONAL & CONFIDENTIAL

Dear Jed,

I am very pleased to extend to you an offer for the position of Chief Financial
Officer, Senior Vice-President and Corporate Secretary at our Corporate Offices
in Huntsville, Alabama on the terms set forth below. The job location is
Huntsville, Alabama. You will report to Dennis Horowitz, Chief Executive Officer
and Chairman of the Board. Your start date will be on or about November 7, 2005.

1.       You will receive an annual salary of $280,000.00.

2.       You will be included in our Annual Performance Incentive Plan beginning
         in 2006, as appropriate and consistent with the terms of that program.
         Your target performance levels will be 35%/50%/70%. This incentive will
         be based on the achievement of corporate and individual objectives.

3.       You will be eligible for equity grants as appropriate and consistent
         with the terms of The Wolverine Tube, Inc. 2003 Equity Incentive Plan
         at the discretion of the Compensation Committee of the Board of
         Directors. You will also receive a grant of 10,000 restricted shares
         that will vest one year from the grant date of November 7, 2005.

4.       If the Company experiences a Change in Control (as that term is defined
         within Appendix A, attached hereto), within six months of November 7,
         2005, the date of this offer, you will be entitled to six months' base
         pay and a prorated bonus; or alternatively, one year's base pay and
         bonus if the Company experiences a change in control after six months
         from November 7, 2005 have passed. In any event, you must be an
         employee immediately prior to the time of the change in control event
         in order to receive any payment of base pay or bonus.

5.       As consideration for this offer, you agree to abide by the
         nonsolicitation, noncompetition and secrecy provisions listed within
         Section 2 of the attached Appendix A.

6.       Wolverine's current health care and dental plan provisions are provided
         through Blue Cross Blue Shield of Alabama. The Company and employee
         share in the cost of the program. You will be eligible for these health
         care and dental benefits during your tenure as an employee. Upon
         termination of your employment, you and your wife will receive health
         benefits commensurate

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(WOLVERINE TUBE, INC. LOGO)                                 WOLVERINE TUBE, INC.
                                                  200 CLINTON AVENUE, SUITE 1000
                                                            HUNTSVILLE, AL 35801

         with the health care benefits you are currently receiving as a prior
         executive of the Company. Also, you are eligible to participate in the
         Company's current 401(k) Plan. These and other benefits, with the
         exception of the extension of your health care coverage
         post-employment, may be changed from time to time by the Company.

7.       You will be entitled to four weeks of vacation prorated for the time
         you are employed with the company in 2005. Beginning in 2006, you will
         be entitled to four weeks' paid vacation each year.

8.       You will be eligible to participate in financial counseling services
         provided by The Ayco Company, L.P. This benefit will be treated as
         taxable income to you, and is subject to change by the Company.

9.       The Company's short-term disability policy will provide 100% income
         protection for the 1st 90 days and 60% income protection for the next
         90 days, which is provided to you at no cost. Our long-term disability
         policy will provide 60% income protection up to $5,000 per month
         beginning on the 181st day, to include base and bonus (once a bonus has
         been granted). You have the option to purchase additional long-term
         disability insurance to fill the gap between the $5,000 per month cap
         and 60% of your actual base and bonus, subject to coordination with any
         personal policy you may have. Both long-term disability plans are fully
         contributory in order to allow you to receive benefits under the plans
         tax-free.

10.      As with other Wolverine employees, your employment with Wolverine is
         "at will", which means that either you or Wolverine may terminate the
         employment relationship at any time without reason or notice.

We are excited about the prospect of having you rejoin the Company as a member
of the Executive Management Committee and hope this offer meets with your
approval.

                                          Sincerely,

                                          /s/ Chip Manning

                                          Chip Manning
                                          President and Chief Operating Officer

cc:  Dennis Horowitz

Please indicate your acceptance of this offer by signing in the space provided.

/s/ James E. Deason                                        11/7/2005
-------------------------------                     -----------------------
James E. Deason                                               Date

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(WOLVERINE TUBE, INC. LOGO)                                 WOLVERINE TUBE, INC.
                                                  200 CLINTON AVENUE, SUITE 1000
                                                            HUNTSVILLE, AL 35801

                                   APPENDIX A
                       TO OFFER LETTER TO JAMES E. DEASON
                             DATED NOVEMBER 7, 2005

1.       Definition of Change in Control

For purposes of this offer letter ("Agreement"), "Change in Control" shall be
defined as:

            (A) The Company is merged, consolidated or reorganized into or with
another corporation or other legal person, and as a result of such merger,
consolidation or reorganization less than a majority of the combined voting
power of the then-outstanding securities of such corporation or person
immediately after such transaction are held in the aggregate by the holders of
Voting Stock (as that term is hereafter defined) of the Company immediately
prior to such transaction;

            (B) The Company sells or otherwise transfers all or substantially
all of its assets to another corporation or other legal person, and as a result
of such sale or transfer less than a majority of the combined voting power of
the then-outstanding securities of such corporation or person immediately after
such sale or transfer is held in the aggregate by the holders of Voting Stock of
the Company immediately prior to such sale or transfer;

            (C) There is a report filed on Schedule 13D or Schedule 14D-1 (or
any successor schedule, form or report), each as promulgated pursuant to the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), disclosing
that (x) any person (as the term "person" is used in Section 13(d)(3) or Section
14(d)(2) of the Exchange Act) has become the beneficial owner (as the term
"beneficial owner" is defined under Rule 13d-3 or any successor rule or
regulation promulgated under the Exchange Act) of securities representing 15% or
more of the combined voting power of the then-outstanding securities entitled to
vote generally in the election of directors of the Company ("Voting Stock"), or
(y) any person has, during any period, increased the number of shares of Voting
Stock beneficially owned by such person by an amount equal to or greater than
15% of the outstanding shares of Voting Stock; provided, however, that transfers
of shares of Voting Stock between a person and the affiliates or associates (as
such terms are defined under Rule 12b-2 or any successor rule or regulation
promulgated under the Exchange Act) of such person shall not be considered in
determining any increase in the number of shares of Voting Stock beneficially
owned by such person;

            (D) The Company files a report or proxy statement with the
Securities and Exchange Commission pursuant to the Exchange Act disclosing in
response to Form 8-K or Schedule 14A (or any successor schedule, form or report
or item therein) that a Change in Control of the Company has occurred or will
occur in the future pursuant to any then-existing contract or transaction; or

            (E) If, during any period of two consecutive years, individuals who
at the beginning of any such period constitute the Directors of the Company
cease for any reason to constitute at least a majority thereof; provided,
however, that for purposes of this clause (v) each Director who is first
elected, or first nominated for election by the Company's stockholders, by a
vote of at least two-thirds of the Directors of

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(WOLVERINE TUBE, INC. LOGO)                                 WOLVERINE TUBE, INC.
                                                  200 CLINTON AVENUE, SUITE 1000
                                                            HUNTSVILLE, AL 35801

the Company (or a committee thereof) then still in office who were Directors of
the Company at the beginning of any such period will be deemed to have been a
Director of the Company at the beginning of such period.

      Notwithstanding the foregoing provisions of Sections (C) or (D) unless
otherwise determined in a specific case by majority vote of the Board, a "Change
in Control" shall not be deemed to have occurred for purposes of Sections (C) or
(D) solely because (1) the Company, (2) an entity in which the Company directly
or indirectly beneficially owns 50% or more of the voting securities (a
"Subsidiary"), or (3) any employee stock ownership plan or any other employee
benefit plan of the Company or any Subsidiary either files or becomes obligated
to file a report or a proxy statement under or in response to Schedule 13D,
Schedule 14D-1, Form 8-K or Schedule 14A (or any successor schedule, form or
report or item therein) under the Exchange Act disclosing beneficial ownership
by it of shares of Voting Stock, whether in excess of 15% or otherwise, or
because the Company reports that a Change in Control of the Company has occurred
or will occur in the future by reason of such beneficial ownership.

      (F) Limitation on Benefits. Notwithstanding any other provisions of this
Agreement, in the event that any payment or benefit received or to be received
by Executive in connection with a Change in Control or the termination of the
Executive's employment (whether pursuant to the terms of this Agreement or any
other plan, arrangement or agreement with the Company, any person, entity or
group whose actions result in a Change in Control or any affiliate of the
Company or such person, entity or group) (all such payments and benefits being
hereinafter called "Total Payments") would be subject (in whole or part), to the
excise tax under Section 4999 of the Internal Revenue Code of 1986, as amended
(the "Excise Tax"), then the any severance payments under this Agreement shall
first be reduced and, thereafter, the continuation of any benefits under this
Agreement shall be reduced, to the extent necessary so that no portion of the
Total Payments is subject to the Excise Tax, but only if (1) the net amount of
such Total Payments, as so reduced (and after subtracting the net amount of
federal, state and local income taxes on such reduced Total Payments), is
greater than or equal to (2) the net amount of such Total Payments without such
reduction (but after subtracting the net amount of federal, state and local
income taxes on such Total Payments and the amount of Excise Tax to which the
Executive would be subject in respect of such unreduced Total Payments). All
determinations under this Section F shall be made by the accounting firm which
was, immediately prior to Change in Control, the Company's independent auditor,
which determination shall be conclusive.

2.    Secrecy, Non-Solicitation and Non-Competition

      (A) Secrecy. During the Executive's employment with the Company and for a
period of three (3) years after his termination from the Company for any reason,
the Executive covenants and agrees that he will not, except in performance of
the Executive's obligations to the Company, or with the prior written consent of
the Company pursuant to the authority granted by a resolution of the Board,
directly or indirectly, disclose any secret or confidential information that he
may learn or has learned by reason of his association with the Company or use
any such information. The term "secret or confidential information" includes,
without limitation, information not previously disclosed to the public or to the
trade by the Company's management with respect to the Company's products,
facilities and methods, trade secrets and other intellectual property, systems,
procedures, manuals, confidential reports, products price lists,

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(WOLVERINE TUBE, INC. LOGO)                                 WOLVERINE TUBE, INC.
                                                  200 CLINTON AVENUE, SUITE 1000
                                                            HUNTSVILLE, AL 35801

customer lists, financial information (including the revenues, costs or profits
associated with any of the Company's products), business plans, prospects,
employee or employees, compensation, or opportunities but shall exclude any
information already in the public domain which has been disclosed to the public
during the normal course of the Company's business.

      (B) Customer Protection. During the Executive's employment with the
Company and for a period of two (2) years following the termination of the
Executive's employment for any reason, the Executive covenants and agrees that
he will not solicit or attempt to solicit any business from the Company's
customers, including actively sought prospective customers, with whom the
Executive had material contact during his employment, for the purpose of
providing products or services competitive with those provided by the Company.
Material contacts exist between the Executive and each customer or prospective
customers with whom the Company were coordinated or supervised by the Executive,
or about whom the Executive obtained trade secrets or confidential information
as a result of the Executive's association with the Company.

      (C) Non-solicitation of Employees. During the Executive's employment and
for a period of one (1) year following the termination of the Executive's
employment for any reason, the Executive covenants and agrees that he shall not
directly or indirectly, on his behalf or on behalf of any person or other
entity; solicit or induce, or attempt to solicit or induce, any person who, on
the date hereof or at anytime during the term of this Agreement, is an employee
of the Company, to terminate his or her employment with the Company, whether
expressed in a written or oral agreement or understanding or is otherwise an
"at-will" employee.

      (D) Noncompetition. During the Executive's employment and for a period of
two (2) years following the termination of the Executive's employment for any
reason, the Executive covenants and agrees that he will not, directly or
indirectly, compete against the Company within the United States in the
managerial or executive capacity for another company or entity that designs,
produces, sells, or distributes copper tubing.

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