Document:

Exhibit

EXHIBIT 10.28(B)

WAIVER
This WAIVER (this “Waiver”), made and entered into as of November 14, 2016, is by and among Roadrunner Transportation Systems, Inc., a Delaware corporation (the “Borrower”), the lenders from time to time party thereto (the “Lenders”) signatory hereto and U.S. Bank National Association, a national banking association, as LC Issuer, Swing Line Lender and Administrative Agent (in such capacity, the “Administrative Agent”).
RECITALS
 1.The Administrative Agent, the Lenders and the Borrower entered into that certain Sixth Amended and Restated Credit Agreement dated as of September 24, 2015 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”).
 2.Pursuant to Section 6.32.2 of the Credit Agreement, the Total Cash Flow Leverage Ratio of the Borrower is not permitted to exceed 4.00 to 1.00 for the period of four consecutive fiscal quarters ending September 30, 2016.
 3.The Borrower has informed the Administrative Agent that upon delivery of the compliance certificate and related financial statements required to be delivered for the period ending September 30, 2016 pursuant to Section 6.1(b) and (d) (the “9/30/16 Financial Deliverables”), the Total Cash Flow Leverage Ratio of the Borrower for the four consecutive fiscal quarters ending September 30, 2016 will exceed 4.00 to 1.00 (the “9/30/16 Leverage Default”).
 4.The Borrower requests that the Required Lenders waive certain Defaults and Events of Default in connection with the 9/30/16 Leverage Default, and the Administrative Agent and the Required Lenders have agreed to provide such waiver, subject, in each case, to the terms and conditions set forth in this Waiver.
AGREEMENT
NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto hereby covenant and agree to be bound as follows:
Section1.Capitalized Terms.   Capitalized terms used and not otherwise defined herein have the meanings assigned to them in the Credit Agreement, unless the context otherwise requires.
Section 2.    Waiver of Certain Defaults.
2.1.    Acknowledgment of Default.  The Borrower hereby acknowledges and agrees that there is a current Default under the Credit Agreement with respect to the 9/30/16 Leverage Default and, that without a waiver from the Required Lenders, upon delivery of the 9/30/16 Financial Deliverables, such Default will become an Event of Default.
2.2.    Waiver.  Upon the date on which this Waiver becomes effective and subject to the other terms and conditions of this Waiver, the Administrative Agent and the Required Lenders hereby waive the current Default resulting from the 9/30/16 Leverage Default and any related Event of Default that will occur or would have occurred upon the delivery of the 9/30/16 

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Financial Deliverables, in each case, as described in Section 2.1 of this Waiver (collectively, the “Waived Default”).
2.3.    Effect of Waiver.  The waiver set forth in Section 2.2 above is limited to the express terms thereof, and nothing herein shall be deemed a waiver by the Administrative Agent and Lenders with respect to any other term, condition, representation, or covenant applicable to the Borrower under the Credit Agreement or any of the other agreements, documents, or instruments executed and delivered in connection therewith, or of the covenants described therein.  The waiver set forth herein shall not be deemed to be a course of action upon which the Borrower may rely in the future, and the Borrower hereby expressly waives any claim to such effect.  The Administrative Agent and the Lenders reserve the right to exercise any rights and remedies available to them in connection with any present or future Events of Default with respect to the Credit Agreement or any other provision of any Loan Document that do not relate to or result from the Waived Default.
Section 3.    Effectiveness of Waivers.  This Waiver shall become effective as of the date set forth above (the “Waiver Effective Date”) upon delivery by the Borrower, the Administrative Agent and the Required Lenders of, and compliance by the Borrower with, the following:
3.1.    This Waiver duly executed by the Borrower, the Administrative Agent and Lenders constituting the Required Lenders.
3.2.    The Borrower shall have paid or reimbursed the Administrative Agent for, or otherwise made arrangements for the payment or reimbursement to the Administrative Agent in a manner reasonably acceptable to the Administrative Agent, all unpaid legal fees and expenses reasonably incurred by the Administrative Agent through the date of this Waiver in connection with this Waiver.
Section 4.    Commitment Reduction.
4.1.    In consideration for the waivers set forth above, pursuant to Section 2.5 of the Credit Agreement and effective immediately upon the Waiver Effective Date, the Borrower elects to voluntarily and permanently reduce the Aggregate Revolving Commitment by $50,000,000.00 (the “Voluntary Commitment Reduction”), such Voluntary Commitment Reduction to be ratable amongst each of the Lenders.  The Required Lenders hereby consent and agree that the Voluntary Commitment Reduction shall be made effective immediately upon the Waiver Effective Date notwithstanding any requirement to provide advance written notice in Section 2.5 of the Credit Agreement and the Borrower hereby agrees to pay any accrued and unpaid Commitment Fees on the Waiver Effective Date.  The Administrative Agent is hereby authorized and directed to reflect the Voluntary Commitment Reduction in its books and records on the Waiver Effective Date.
Section 5.    Representations, Warranties, Authority, No Adverse Claim.
5.1.    Reassertion of Representations and Warranties, No Default.  The Borrower hereby represents that on and as of the date hereof and after giving effect to this Waiver (a) all of the representations and warranties in the Credit Agreement are true, correct, and complete in all respects as of the date hereof as though made on and as of such date, except for changes permitted by the terms of the Credit Agreement, and (b) there will exist no Default or Event of 

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Default under the Credit Agreement as amended by this Waiver on such date that the Administrative Agent and the Required Lenders have not waived.
5.2.    Authority, No Conflict, No Consent Required.  The Borrower represents and warrants that it has the power, legal right, and authority to enter into this Waiver and has duly authorized as appropriate the execution and delivery of this Waiver by proper organizational action, and this Waiver does not contravene or constitute a default under any agreement, instrument, or indenture to which the Borrower is a party or a signatory, any provision of the Borrower’s organizational documents, or any other agreement or requirement of law, or results in the imposition of any Lien on the Borrower’s property under any agreement binding on or applicable to the Borrower or any of their property except, if any, in favor of the Administrative Agent.  The Borrower represents and warrants that no consent, approval, or authorization of or registration or declaration with any Person, including but not limited to any governmental authority, is required in connection with the Borrower’s execution and delivery of this Waiver or the performance of the Borrower’s obligations therein described, except for those that the Borrower has obtained or provided and as to which the Borrower has delivered certified copies of documents evidencing each such action to the Administrative Agent.
Section 6.    Affirmation of Credit Agreement, Further References, Affirmation of Security Interest.  The Lenders, the Administrative Agent, and the Borrower each acknowledge and affirm that the Credit Agreement is hereby ratified and confirmed in all respects and all terms, conditions and provisions of the Credit Agreement, except as waived by this Waiver, shall remain unmodified and in full force and effect.  The Borrower confirms to the Lenders and the Administrative Agent that any and all of the terms, conditions, provisions, agreements, requirements, promises, obligations, duties, covenants, and representations of the Borrower under any and all documents and agreements entered into with respect to the obligations under the Credit Agreement are incorporated herein by reference and are hereby ratified and affirmed in all respects by the Borrower.
Section 7.    Legal Expenses.  As provided in Section 9.6 of the Credit Agreement, the Borrower agrees to pay or reimburse the Administrative Agent for all reasonable out-of-pocket expenses paid or incurred by the Administrative Agent, including filing and recording costs and fees, charges and disbursements of outside counsel to the Administrative Agent, in connection with the negotiation, preparation, execution, collection and enforcement of this Waiver, and to pay and save the Administrative Agent harmless from all liability for, any stamp or other taxes which may be payable with respect to the execution or delivery of this Waiver, which obligations of the Borrower shall survive any termination of the Credit Agreement.
Section 8.    Merger and Integration, Superseding Effect.  This Waiver, from and after the date hereof, embodies the entire agreement and understanding between the parties hereto and supersedes and has merged into this Waiver all prior oral and written agreements on the same subjects by and between the parties hereto with the effect that this Waiver, shall control with respect to the specific subjects hereof and thereof.
Section 9.    Successors.  This Waiver shall be binding upon the Borrower, the Lenders, and the Administrative Agents, and their respective successors and assigns and shall inure to the benefit of the Borrower, the Lenders, and the Administrative Agent’s successors and assigns.
Section 10.    Headings.  The headings of various sections of this Waiver are for reference only and shall not be deemed to be a part of this Waiver.

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Section 11.    Counterparts.  This Waiver may be executed in several counterparts as deemed necessary or convenient, each of which, when so executed, shall be deemed an original, provided that all such counterparts shall be regarded as one and the same document.
Section 12.    Governing Law.  THIS WAIVER SHALL BE CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS (WITHOUT REGARD TO THE CONFLICT OF LAWS PROVISIONS OF THE STATE OF NEW YORK (OTHER THAN THE PROVISIONS OF SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK)), BUT GIVING EFFECT TO FEDERAL LAWS APPLICABLE TO NATIONAL BANKS.
Section 13.    RELEASE BY BORROWER.  IN ORDER TO INDUCE THE ADMINISTRATIVE AGENT AND THE LENDERS TO ENTER INTO THIS WAIVER, THE BORROWER: (A) REPRESENTS AND WARRANTS TO THE ADMINISTRATIVE AGENT AND THE LENDERS THAT NO EVENTS HAVE TAKEN PLACE AND NO CIRCUMSTANCES EXIST AT THE DATE HEREOF WHICH WOULD GIVE THE BORROWER THE RIGHT TO ASSERT A DEFENSE, OFFSET OR COUNTERCLAIM TO ANY CLAIM BY THE ADMINISTRATIVE AGENT OR ANY LENDER FOR PAYMENT OR PERFORMANCE OF THE OBLIGATIONS; AND (B) HEREBY RELEASES AND FOREVER DISCHARGES THE ADMINISTRATIVE AGENT AND EACH LENDER AND EACH OF THEIR RESPECTIVE SUCCESSORS, ASSIGNS, DIRECTORS, OFFICERS, ADMINISTRATIVE AGENTS AND EMPLOYEES FROM ANY AND ALL ACTIONS, CAUSES OF ACTION, SUITS, PROCEEDINGS, DEBTS, SUMS OF MONEY, COVENANTS, CONTRACTS, CONTROVERSIES, CLAIMS AND DEMANDS, AT LAW OR IN EQUITY, WHICH THE BORROWER EVER HAD OR NOW HAS AGAINST THE ADMINISTRATIVE AGENT OR SUCH LENDER OR ANY OF THEIR RESPECTIVE SUCCESSORS, ASSIGNS, DIRECTORS, OFFICERS, ADMINISTRATIVE AGENTS OR EMPLOYEES BY VIRTUE OF THEIR RELATIONSHIP TO THE BORROWER IN CONNECTION WITH THIS WAIVER, THE CREDIT AGREEMENT, THE LOAN DOCUMENTS AND TRANSACTIONS RELATED THERETO ARISING PRIOR TO AND THROUGH THE DATE HEREOF.

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IN WITNESS WHEREOF, the parties hereto have caused this Waiver to be executed as of the date and year first above written.
BORROWER: 
ROADRUNNER TRANSPORTATION SYSTEMS, INC.
By: /s/ Peter R   Armbruster    
Name: Peter R. Armbruster
Title: Chief Financial Officer, Treasurer and Secretary

[Signature Page to 9/30/16 Leverage Default Waiver]

U.S. BANK NATIONAL ASSOCIATION,
as a Lender, as LC Issuer and as Administrative Agent
By: /s/ Richard A. Clemmerson        
Name: Richard A. Clemmerson
Title: Senior Vice President

[Signature Page to 9/30/16 Leverage Default Waiver]

BRANCH BANKING AND TRUST COMPANY, as a Lender
By: /s/ Ian Phillip        
Name: Ian Phillip
Title: SVP
 

[Signature Page to 9/30/16 Leverage Default Waiver]

BMO HARRIS BANK N.A., as a Lender
By: /s/ Kenneth J. Kramer    
Name: Kenneth J. Kramer
Title: Director
 

[Signature Page to 9/30/16 Leverage Default Waiver]

PNC BANK, NATIONAL ASSOCIATION, as a Lender
By: /s/ Chris Hermann    
Name: Chris Hermann
Title: Senior Vice President

[Signature Page to 9/30/16 Leverage Default Waiver]

REGIONS BANK, as a Lender
By: /s/ Doug Combs    
Name: Doug Combs
Title: Vice President

[Signature Page to 9/30/16 Leverage Default Waiver]

SUNTRUST BANK, as a Lender
By: /s/ Chris Hursey    
Name: Chris Hursey
Title: Director

[Signature Page to 9/30/16 Leverage Default Waiver]

COMPASS BANK, as a Lender
By: /s/ Charles Randolph    
Name: Charles Randolph
Title: Senior Vice President

[Signature Page to 9/30/16 Leverage Default Waiver]

MUFG UNION BANK, N.A., as a Lender
By: /s/ Thomas Danielson    
Name: Thomas Danielson
Title: Authorized Signatory

[Signature Page to 9/30/16 Leverage Default Waiver]

KEYBANK NATIONAL ASSOCIATION, as a Lender
By: /s/ James A. Gelle    
Name: James A. Gelle
Title: Senior Vice President

[Signature Page to 9/30/16 Leverage Default Waiver]

FIFTH THIRD BANK, as a Lender
By: /s/ Donald K. Mitchell    
Name: Donald K. Mitchell
Title: Vice President

[Signature Page to 9/30/16 Leverage Default Waiver]

CITIZENS BANK, N.A., as a Lender
By: /s/ Stephen A. Maenhout    
Name: Stephen A. Maenhout
Title: Senior Vice President

[Signature Page to 9/30/16 Leverage Default Waiver]

THE HUNTINGTON NATIONAL BANK, as a Lender
By: /s/ Sherlyn Nelson    
Name: Sherlyn Nelson
Title: Vice President

[Signature Page to 9/30/16 Leverage Default Waiver]

MANUFACTURERS AND TRADERS TRUST CO., as a Lender
By: /s/ Tom Mathews    
Name: Tom Mathews
Title: Relationship Manager

[Signature Page to 9/30/16 Leverage Default Waiver]

STIFEL BANK & TRUST, as a Lender
By: /s/ Nathan L. Yocum    
Name: Nathan L. Yocum
Title: Vice President

[Signature Page 16 to 9/30/16 Leverage Default Waiver]

THE PRIVATEBANK AND TRUST COMPANY, as a Lender
By: /s/ Roger Pillsbury    
Name: Roger Pillsbury
Title: Managing Director

[Signature Page to 9/30/16 Leverage Default Waiver]Exhibit

EXHIBIT 10.1                                        

                            
SEPARATION AGREEMENT AND GENERAL RELEASE

Haemonetics Corporation (the “Company”) and David Fusco, and his heirs, executors,
administrators,  personal  representatives,  agents,  successors,  and  assigns  (collectively  referred  to throughout this Agreement as “Executive”), agree that:

		
	1.
	Last  Day  of  Employment.     Executive's  last  day  of  employment  with  the

Company was November 8, 2016 (“Separation Date”).  Executive acknowledges that the Company has
paid or will pay Executive all accrued wages through that date, including any accrued unused vacation, and has refunded or will refund any accumulated contributions to the Company’s Employee Stock Purchase Plan for the current offering period, where applicable and appropriate as of the Separation Date, whether or not Executive signs this Agreement. Except as set forth herein or as otherwise required by law, Executive’s participation in the Company’s 401(k) plan and other employee benefits programs will cease as of the Separation Date.

		
	2.
	Consideration.    If Executive signs this Agreement no later than December 1,

2016 and does not revoke it, the Company agrees to:

a.pay Executive as severance pay $185,850, an amount equal to six (6) months of Executive’s annual base compensation (“Severance Pay”), subject to the terms
and conditions hereof, including but not limited to Section 14. The Company will withhold from this Severance Pay taxes and other authorized deductions, including advances or other amounts due to the Company from Executive. The Company will pay the Severance Pay over a six (6) month period in approximately equal bi-weekly installments  in  accordance  with  the  Company’s  regular  payroll  practices.    The  first installment shall be made as 

part of the Company’s next regular payroll cycle that is eight (8) days after the Company has received from Executive a copy of this Agreement signed by Executive, provided Executive has not revoked this Agreement within the time allowed to revoke set forth below;

b.if Executive elects continuing group health plan coverage under the Consolidated Omnibus Budget Reconciliation Act of 1986, as amended (“COBRA”), continue its present level of contribution to the payment of Executive’s medical and dental insurance premiums (the “Benefits Continuation”) through the earlier of (1) April 30, 2017, (2) Executive’s acceptance of employment with another individual or entity, or (3) Executive’s becoming eligible for medical benefits under any plan covering a member of his immediate family. Executive agrees that in the event that either (2) or (3) occurs prior to April 30, 2017, he will immediately so notify the Company; and
c.not contest any application for unemployment compensation benefits that the Executive may make, provided that nothing in this Section 2c. shall be construed to constrain the Company from responding truthfully to any court or government agency inquiries.
		
	3.
	No Consideration Absent Execution of this Agreement.  Executive understands

and agrees that Executive would not receive the compensation and benefits set forth in Section 2 herein (the “Severance Benefits”), except for Executive’s execution of this Agreement and the fulfillment of
the promises contained herein.  Executive acknowledges that the Severance Benefits are valid and adequate consideration for the Executive’s commitments in this Agreement.
		
	4.
	Equity Treatment.  Exhibit A to this Agreement sets forth all stock options with

respect to shares of the Company’s common stock held by the Executive that are outstanding and the portion thereof vested as of the Separation Date (such vested portion being the “Vested Awards”). Other
than the Vested Awards, all Company equity awards granted to the Executive prior to the Separation Date shall lapse and be forfeited as of the Separation Date. Neither the Company nor any of its subsidiaries shall have any obligation to issue to the Executive any additional equity awards or any additional shares of 

common stock of the Company or any subsidiary. For the avoidance of doubt, (a) any Company common stock resulting from the Executive’s vested equity awards that were settled prior to the Separation Date (including any shares held under the Executive’s brokerage account with Fidelity Stock Plan Services) shall not be affected by this Section 4, (b) the Executive’s termination of employment does not constitute a “qualifying retirement” for purposes of any agreement, plan or arrangement with the Company, including but not limited to stock options, restricted stock units, market stock units or performance share unit awards previously granted to the Executive, and (c) any Vested Awards that are stock option awards shall remain exercisable by the Executive as specified in the Company’s 2005 Long Term Incentive Compensation Plan and the applicable option agreement.
		
	5.
	General Release, Claims Not Released and Related Provisions.

a.General Release of All Claims.   Executive knowingly and voluntarily releases and forever discharges the Company, its parent corporation, affiliates, subsidiaries, divisions, predecessors, insurers, successors and assigns, and their current and former employees, officers, directors, attorneys and agents thereof, both individually and in their business capacities, and their employee benefit plans and programs and their administrators and fiduciaries (collectively referred to throughout the remainder of this Agreement as “Releasees”), of and from any and all claims, known
and unknown, asserted or unasserted, which the Executive has or may have against Releasees as of the date of Executive’s execution of this Agreement, including, but not limited to, any alleged violation of:

		
	▪
	Title VII of the Civil Rights Act of 1964;

		
	▪
	Sections 1981 through 1988 of Title 42 of the United States Code;

		
	▪
	The Employee Retirement Income Security Act of 1974 (as modified below in Section 5b. and Section 6 with respect to the Company’s 401(k) plan);

		
	▪
	The Immigration Reform and Control Act;

		
	▪
	The Americans with Disabilities Act of 1990;

		
	▪
	The Age Discrimination in Employment Act of 1967;

		
	▪
	The Worker Adjustment and Retraining Notification Act;

		
	▪
	The Fair Credit Reporting Act;

		
	▪
	The Family and Medical Leave Act;

		
	▪
	The Equal Pay Act;

		
	▪
	The Genetic Information Nondiscrimination Act of 2008;

		
	▪
	The Massachusetts Plant Closing Laws, M.G.L. c. 151A, § 71A, as amended;

		
	▪
	The   Massachusetts   Fair   Employment   Practices   Act,   M.G.L   c.   151B,   as amended;

		
	•
	The Massachusetts Occupational Safety and Health Laws;

		
	▪
	The Massachusetts Equal Rights Act, M.G.L. c. 93, § 102, as amended;

		
	▪
	The Massachusetts Equal Pay Act, M.G.L. c. 149, § 105A-C, as amended;

		
	▪
	The Massachusetts Maternity Leave Act, M.G.L. c. 149, § 105D, as amended;

		
	▪
	Laws relating to unpaid wages or other compensation, including but not limited to those under The Massachusetts Payment of Wages Law, M.G.L. c. 149, § 148 et seq., as amended;

		
	▪
	The Massachusetts Equal Rights for the Elderly and Disabled Law, M.G.L. c. 93,

§ 103, as amended;

		
	▪
	The Massachusetts AIDS Testing Law, M.G.L. c. 111, § 70F, as amended;

		
	▪
	The Massachusetts Civil Rights Act, M.G.L. c. 12, 11H & I, as amended;

		
	▪
	The Massachusetts Privacy Law, M.G.L. c. 214, § 1B, as amended;

		
	▪
	The Massachusetts Sexual Harassment Statute, M.G.L. c. 214, § 1C, as amended;

		
	▪
	The Massachusetts Consumer Protection Act, M.G.L. c. 93A, as amended;

		
	▪
	The  Massachusetts  Small  Necessities  Leave  Act,  M.G.L.  c.  149,  §  52D,  as amended;

		
	▪
	any other federal, state or local law, rule, regulation, or ordinance;

		
	▪
	any public policy, contract, tort, or common law; or

		
	▪
	any basis for recovering costs, fees, or other expenses including attorneys' fees 

incurred in these matters.

		
	b.
	Claims Not Released.  Executive is not waiving any rights he may have to:

(a) his own vested accrued employee benefits under the Company’s health, welfare, or retirement benefit plans (including the Company’s 401(k) plan) as of the date of Executive’s execution of this Agreement, including any rights to continue group health plan coverage under COBRA; (b) benefits and/or  the  right  to  seek  benefits  under  applicable  workers’  compensation  and/or  unemployment compensation statutes; (c) pursue claims which by law cannot be waived by signing this Agreement; (d) enforce this Agreement; or (e) challenge the validity of this Agreement.
c.Governmental Agencies. Nothing in this Agreement prohibits or prevents Executive from communicating with or filing a charge with or participating, testifying, or assisting in any investigation, hearing, or other proceeding before any federal, state, or local government agency. However, to the maximum extent permitted by law, Executive agrees that if such an administrative claim is made, Executive shall not be entitled to recover any individual monetary relief or other individual remedies.
d.Collective/Class Action Waiver. If any claim is not subject to release, to the extent permitted by law, Executive waives any right or ability to be a class or collective action representative or to otherwise participate in any putative or certified class, collective or multi-party action or proceeding based on such a claim in which the Company or any other Releasee identified in this Agreement is a party.
		
	6.
	Acknowledgments and Affirmations.  Executive affirms that Executive has not

filed, caused to be filed, or presently is a party to any claim against the Company. Executive also affirms that Executive has reported all hours worked as of the date Executive signs this Agreement and has been paid and/or has received all compensation, wages, bonuses, commissions, and/or benefits which are due and payable as of the date Executive signs this Agreement (except for the Severance Benefits, his COBRA rights, his accrued and vested benefits under the Company’s 401(k) plan, and his Vested Awards). Executive 

affirms that Executive has been granted any leave to which Executive was entitled under the Family and Medical Leave Act or related state or local leave or disability accommodation laws.
Executive further affirms that Executive has no known workplace injuries  or occupational diseases that have not been reported to the Company in writing or adjudicated. Executive also affirms that Executive has not divulged any proprietary or confidential information of the Company and will continue to maintain the confidentiality of such information consistent with the Company’s policies and Executive’s agreement(s) with the Company and/or common law.
Executive further affirms that Executive has not been retaliated against for reporting any allegations of wrongdoing or potential violations of law, rule or regulation by the Company or its officers, including any allegations of corporate fraud, and that he has previously advised the Company in writing of any actual or perceived wrongdoing or potential violations of law, rule or regulation by the Company or its officers. Executive affirms that all of the Company’s decisions regarding Executive's pay and benefits through the date of Executive's execution of this Agreement were not discriminatory based on age, disability, race, color, sex, religion, national origin or any other classification protected by law.
		
	7.
	Waiver of ADEA Claims.    Executive agrees that by signing this Agreement,

Executive waives any claims he may have under the Age Discrimination in Employment Act of 1967 (the “ADEA”).  Executive agrees this waiver is knowing and voluntary.  Executive and the Company
agree this waiver does not apply to ADEA claims or rights that might arise after Executive signs this Agreement. Executive also agrees that this Agreement advises Executive in writing that:

		
	▪
	Executive should consult with an attorney before signing this Agreement;

		
	▪
	Executive has up to 21 calendar days to consider whether to sign this Agreement, 

starting from the date Executive receives this Agreement;
		
	▪
	Executive has 7 days after signing this Agreement to revoke it;

		
	▪
	If Executive revokes or breaches this Agreement, Executive will not receive the Severance Benefits; and

		
	▪
	This Agreement does not prevent Executive from later challenging the validity of the Agreement or from filing a charge with any government agency.

		
	8.
	Professional Transition. The Executive agrees to cooperate with and assist the

Company in a responsible, positive and professional manner with respect to the transition of his employment duties and responsibilities. The Executive acknowledges that the Company’s obligations under this Agreement are expressly contingent on such cooperation and assistance, and on the Executive dealing with any issues relating to his employment with or separation from the Company in a similarly responsible, positive and professional manner. In this regard, the Executive further agrees not to return to the Company’s offices, or to communicate with Company employees, investors, lenders, customers, or other third parties concerning the Company or his employment with or separation from the Company, without the prior written approval of the CEO; provided that the Executive may state that he resigned from the Company in order to pursue other opportunities in the course of any communications that he did not initiate.
		
	9.
	Compliance with Non-Competition Agreement; Confidential Information.

a.The Executive agrees that the terms of the Proprietary Information and Non-Competition Agreement which he and the Company entered into on or about July 7, 2015 (the “Non-Competition Agreement”) are incorporated herein by reference and shall remain in full force and effect following the execution of this Agreement. Executive further reaffirms and agrees that he has at all times complied with and will continue to comply with all terms in the Non-Competition Agreement,
including but not limited to the provisions regarding confidential information, return and non-use of Company documents, and the restrictions on competition and solicitation.

b.The Executive agrees that he will not at any time, directly or indirectly, use, disclose or divulge any Confidential Information (as hereinafter defined), except as requested in writing by the Company, and except to the extent required by law, subpoena or court order (but only after the Executive has provided the Company with reasonable notice and opportunity to take action against  any  legally  required  disclosure).    As  used  herein,  “Confidential  Information”  means  all

Proprietary Information (as defined in the Non-Competition Agreement), as well as all sensitive or confidential information learned by Executive during or in the course of his employment with the Company   regarding   Company   employees,   practices,   business   or   other   affairs;   provided,   that
Confidential Information shall not include any information that has entered or enters the public domain through no fault of the Executive.

c.The Executive shall immediately deliver to the Company all materials (including all soft and hard copies) in the Executive’s possession that contain or relate to Confidential Information and all other Company documents and property.

d.This  Section  shall  not  prohibit  the  Executive  from  engaging  in  the activities permitted under Section 5c. above.

		
	10.
	Restrictive  Covenants.    The  Executive  acknowledges  that  (i)  the  services

performed by the Executive while employed by the Company were of a special, unique, unusual, extraordinary, and intellectual character, (ii) the provisions of this Section 10 are reasonable and necessary to protect the Company’s business, goodwill and Confidential Information; and (iii) the provisions of this Section 10 shall be in addition to, and not in lieu of, the provisions in the Executive’s Non-Competition Agreement.   The Executive therefore agrees that for a period of one year after the Separation Date:

a.the Executive will not, directly or indirectly, individually or as a consultant to, or an employee, officer, director, manager, stockholder, partner, member, investor, lender or other owner or participant in any business entity, engage in or assist any other person or entity to engage in any activity that is in the field of manufacturing or developing blood processing equipment or disposables, or developing information technology for application in the blood collection or blood processing fields, anywhere in the United States or anywhere else in the world where the Company does business or planned to do business during the Executive’s employment;

b.the Executive will not, directly or indirectly, (i) solicit, divert or take away, 

or attempt to solicit, divert or take away, the business or relationship of the Company with any of its customers, clients, distributors, dealers, referral sources, business partners, suppliers, vendors, service providers, consultants, lenders, investors, landlords, licensors or attorneys or any other person or entity with whom the Company does business (collectively, “Business Partners”), or (ii) otherwise
interfere with the Company’s business relationship with any of its Business Partners;

c.the Executive will not, directly or indirectly, solicit, recruit, hire or engage, or otherwise interfere with the business relationship of the Company with, any current or former employee of or consultant to the Company, other than any person who ceased to be employed or engaged by the Company for a period of at least twelve (12) months; and

d.During the one year period following the Separation Date, Executive will give notice to the Company of each new business activity Executive plans to undertake, at least (10) business days after beginning any such activity.  The notice shall state the name and address of the
person, corporation, association or other entity or organization (each, an “Entity”) for whom such
activity is undertaken and the nature of Executive’s business relationship or position with the Entity. Executive further agrees to provide the Company with other pertinent information concerning such business activity as the Company may reasonably request in order to determine Executive’s continued compliance with his obligations under this Agreement. Executive consents to notification by the Company to the Executive’s new employer or its agents regarding the Executive’s rights and obligations under this Agreement or any other agreement or understanding with the Company; and
e.the Executive will not, directly or indirectly, assist any person or entity in performing any activity prohibited by Sections 10a., 10b., or 10c.

		
	11.
	Non-Disparagement.     At  all  times  on  and  after  the  Separation  Date,  the

Executive will not, directly or indirectly, make any disparaging statements, written or oral, nor take any actions or engage in any conduct that is harmful to or could reasonably be expected to have an adverse 

effect on the Company, its Board of Directors or any of its employees or any of its stockholders, investors, lenders, affiliates, managers, members, partners, agents, attorneys or representatives. This Section shall not prohibit the Executive from engaging in the activities permitted under Section 5c. above.

		
	12.
	Litigation  Cooperation.  The  Executive  agrees  to  cooperate  fully  with  the

Company in the defense or prosecution of any claims, regulatory proceedings or action which already have been brought or which may be brought in the future against or on behalf of the Company or any of its directors, officers, employees, or agents which relate to events or occurrences that transpired during his employment with the Company. The Executive’s full cooperation in connection with such claims or actions shall include, without implication of limitation, being available to meet with counsel to prepare
for discovery or trial and to testify truthfully as a witness when reasonably requested by the Company at reasonable times designated in good faith by the Company. The Executive agrees that he will not voluntarily disclose any information to any person or party that is adverse to the Company and he will maintain the confidences and privileges of the Company.

		
	13.
	Return of Property.   Executive affirms that Executive has returned all of the

Company’s property, documents, or any Confidential Information in Executive’s possession or control. Executive also affirms that Executive is in possession of all of Executive’s property that Executive had at Company’s premises and that the Company is not in possession of any of Executive’s property.

		
	14.
	Effect of Breach.    The Executive recognizes and agrees that the Severance 

Benefits are being provided in consideration for the Executive’s full and complete compliance with covenants and provisions of this Agreement. Accordingly, the Executive agrees that if he violates this Agreement, including but not limited to Sections 8 through 13, the Company may, in addition to its right to seek equitable relief, (i) immediately terminate payment of further Severance Benefits owed to Executive hereunder, and (ii) recover the full value of any previously paid or provided Severance Benefits. Executive acknowledges that a breach of any of the covenants continued in Sections 8 through 13 of this Agreement could result in irreparable injury to the Company for which there might be no adequate remedy at law, and 

that, in the event of such a breach or threat thereof, the Company shall be entitled to seek a temporary restraining order and/or preliminary injunction and a permanent injunction restraining Executive from engaging in any activities prohibited by Sections 8 through 13 herein or such other equitable relief as may be required to enforce specifically any covenants of Sections 8 through 13. In the event of such a breach, the Company shall be entitled to recover from Executive all reasonable attorneys’ fees and costs incurred by it in connection with such breach.  Any event of a breach by the Executive  will  not  affect  the  release  set  forth  in  Section  5  above  or  the  Executive’s  continuing obligations under this Agreement.

		
	15.
	Tax Withholding; Section 409A.

a.All payments made by the Company to Executive or the Executive’s dependents, beneficiaries or estate will be subject to the withholding of such amounts relating to tax and/or other payroll deductions as may be required by law.
b.The parties intend that the benefits and payments provided under this Agreement shall be exempt from, or comply with, the requirements of Section 409A of the Internal Revenue Code (the “Code”).   Notwithstanding the foregoing, the Company shall in no event be
obligated to indemnify the Executive for any taxes or interest that may be assessed by the Internal Revenue Service pursuant to Section 409A of the Code. Each payment or installment under this Agreement is intended to be a separate payment for purposes of Section 409A.

		
	16.
	Governing Law and Interpretation.    This Agreement shall be governed and

conformed in accordance with the laws of the Commonwealth of Massachusetts without regard to its conflict of laws provision. In the event of a breach of any provision of this Agreement, either party may institute an action specifically to enforce any term or terms of this Agreement and/or to seek any damages for breach. Should any provision of this Agreement be declared illegal or unenforceable by any court of competent jurisdiction and cannot be modified to be enforceable, excluding the general release language, such provision shall immediately become null and void, leaving the remainder of this Agreement in full force and effect.

		
	17.
	Nonadmission of Wrongdoing.   The parties agree that neither this Agreement

nor the furnishing of the consideration for this Agreement shall be deemed or construed at any time for any purpose as an admission by Releasees of wrongdoing or evidence of any liability or unlawful conduct of any kind.
		
	18.
	Amendment.  This Agreement may not be modified, altered or changed except in

writing and signed by both parties wherein specific reference is made to this Agreement.

		
	19.
	Entire Agreement.  This Agreement and General Release (including its Exhibits)

is the entire agreement between Executive and the Company regarding his termination of employment with the Company, and, with the exception of the Non-Competition Agreement, which remains in full force and effect, supersedes and replaces any other agreements, including the Executive Severance Agreement effective January 13, 2016, the Employment Agreement effective as of March 1, 2016 and the Change-in-Control Agreement dated October 2, 2015. Executive acknowledges that Executive has not relied on any representations, promises, or agreements of any kind made to Executive in connection with Executive’s decision to accept this Agreement and General Release, except for those set forth in this Agreement and General Release.

		
	20.
	Assignment.  The provisions of this Agreement shall be binding upon, and shall

inure  to  the  benefit  of,  Executive  and  Executive’s  executors,  administrators,  legal  representatives, personal representatives and assigns and the Company and its successors and assigns.

		
	21.
	Agreement is Authorized.  The Company affirms that this Agreement has been

duly authorized by all necessary parties.

		
	22.
	Counterparts.  This Agreement may be executed in counterparts, each of which

will be deemed an original, but all of which together will constitute one and the same instrument.
EXECUTIVE IS ADVISED THAT EXECUTIVE HAS UP TO TWENTY-ONE (21) CALENDAR DAYS TO CONSIDER THIS AGREEMENT AND GENERAL RELEASE IN WHICH YOU WAIVE IMPORTANT RIGHTS, INCLUDING THOSE UNDER THE AGE 

DISCRIMINATION IN EMPLOYMENT ACT OF 1967. EXECUTIVE ALSO IS ADVISED TO CONSULT WITH AN ATTORNEY BEFORE SIGNING THIS AGREEMENT AND GENERAL RELEASE CONCERNING THE RIGHTS BEING WAIVED AS WELL AS ALL OTHER TERMS OF THIS AGREEMENT AND GENERAL RELEASE.
THE SIGNED AGREEMENT MUST BE RETURNED TO: SANDRA JESSE, EXECUTIVE VICE PRESIDENT, CHIEF LEGAL OFFICER, HAEMONETICS, CORP., 400 WOOD ROAD, BRAINTREE MA, 02184
EXECUTIVE MAY REVOKE THIS AGREEMENT AND GENERAL RELEASE FOR A PERIOD OF SEVEN (7) CALENDAR DAYS FOLLOWING THE DAY EXECUTIVE SIGNS THIS AGREEMENT. ANY REVOCATION WITHIN THIS PERIOD MUST BE SUBMITTED, IN WRITING, AND STATE, "I HEREBY REVOKE MY ACCEPTANCE OF OUR AGREEMENT AND GENERAL RELEASE." THE REVOCATION MUST BE PERSONALLY DELIVERED OR MAILED TO SANDRA JESSE, EXECUTIVE VICE PRESIDENT, CHIEF LEGAL OFFICER, AT HAEMONETICS CORP., 400 WOOD ROAD, BRAINTREE, MA, IF MAILED IT MUST BE POSTMARKED WITHIN SEVEN (7) CALENDAR DAYS AFTER EXECUTIVE SIGNS THIS AGREEMENT. EXECUTIVE AGREES THAT ANY MODIFICATIONS, MATERIAL OR OTHERWISE, MADE TO THIS AGREEMENT  AND  GENERAL  RELEASE  DO  NOT  RESTART  OR  AFFECT  IN  ANY MANNER THE ORIGINAL UP TO TWENTY-ONE (21) CALENDAR DAY CONSIDERATION PERIOD.
EXECUTIVE VOLUNTARILY, FREELY AND KNOWINGLY, AND AFTER DUE CONSIDERATION, ENTERS INTO THIS AGREEMENT AND GENERAL RELEASE INTENDING TO WAIVE, SETTLE AND RELEASE ALL CLAIMS, INCLUDING ADEA CLAIMS, EXECUTIVE HAS OR MIGHT HAVE AGAINST THE COMPANY AND ANY RELATED PERSONS OR ENTITIES.

[Signature page follows]

The parties knowingly and voluntarily sign this Agreement and General Release as of the date(s) set forth below:

	
				
	David Fusco
	 
	Haemonetics Corporation
	 

	 
	 
	 
	 

	/s/ David Fusco
	 
	/s/ Mary Jane Williams
	 

	 
	 
	By: Mary Jane Williams
	 

	 
	 
	Title: Vice President, Global Total Rewards
	 

	 
	 
	 
	 

	Date: November 15, 2016
	 
	Date: November 15, 2016

	 

Exhibit A

	
					
	Grant Date
	Award Type
	Exercise Price per Share
	Total Number of Shares Subject to Award
	Number of Shares Vested

	7/21/15
	Stock Option
	$39.19
	27,404
	6,851

	10/20/15
	Stock Option
	$31.97
	12,030
	3,007

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