Document:

EX-10.1

January 19, 2010

Subject: Directors Designation Agreement Renewal

The Union and Company met during December 2009 and January 2010 to discuss the possibility of
renewing the Master Labor Agreement between the Parties for an additional five (5) year period,
from September 30, 2010 through September 30, 2015.

As a result of those discussions the Union and Company agree to renew the Directors Designation
Agreement for an additional five (5) year period, from the current expiration date through
September 30, 2015. The terms of the agreement shall remain unchanged, however the Parties agree to
make any administrative changes, such as dates, signatures and references as may be needed to
effectuate the renewal.

Agreed this 19th day of January, 2010

	 	 	 
	/s/ James E. McAuliffe, Jr.

	 	/s/ Robert La Venture
	 

	 	 
	James E. McAuliffe, Jr.

Sr. VP, Human Resources

	 	Robert LaVenture

Director, USW District 12

Kaiser Aluminum Fabricated Products, LLC.fp0001273_ex10-1.htm

     

    
      Exhibit
10.1

       

      SEPARATION
AGREEMENT AND GENERAL RELEASE

       

       

      THIS
SEPARATION AGREEMENT AND GENERAL RELEASE (“Agreement”) is made between
Workstream Inc., a Canadian corporation (the “Company”), and Steve Purello
(“Executive”).

       

      Recitals

       

      WHEREAS,
Executive and the Company are parties to that certain Employment Agreement dated
as of December 6, 2007, as subsequently amended (the “Employment Agreement”);
and

       

      WHEREAS,
effective November 2, 2009 (the “Termination Date”), Executive resigned as
President and Chief Executive Officer of the Company and terminated his
employment with the Company pursuant to Section 9.1.1 of the Employment
Agreement, and the Company has accepted such termination.

       

      NOW,
THEREFORE, in consideration of the mutual promises and commitments made herein,
and intending to be legally bound hereby, Executive and the Company agree as
follows:

       

      1.  Executive’s
employment with the Company terminated effective as of the Termination
Date.  Executive acknowledges and agrees that he has received all
compensation, reimbursements and other benefits to which he is entitled through
the Termination Date.

       

      2.  In
consideration of Executive’s agreements herein, and in full satisfaction of any
salary, bonus, severance or other payments to which Executive would otherwise be
entitled under the Employment Agreement or otherwise, the Company agrees to pay
Executive his annual salary of $200,000 for 12 months following the date hereof,
less normal withholdings (the “Severance Pay”).  Executive
acknowledges and agrees that he will not be entitled to any other payments from
the Company other than the Severance Pay.  The Severance Pay will be
paid out in accordance with the Company’s regular payroll
schedule.  These payments will not be made unless Executive returns
this signed Agreement and will not be made or begin until the expiration of the
seven (7) day revocation period set forth below, provided this revocation period
has expired without Executive revoking this Agreement.  These payments
are not compensation for past services rendered.  Executive will be
permitted to retain any Restricted Stock Units in the Company that were
previously granted to him and which have not otherwise
expired.  Executive agrees to waive and forfeit any and all rights he
may have to any stock options in the Company, whether vested or
unvested.

       

      3.  By
offering Executive the opportunity to enter into this Agreement, the Company
does not admit that it has any liability to Executive arising out of or in any
manner relating to Executive’s employment or separation from employment. The
Company expressly denies that it has any such liability. Accordingly, this
Agreement should not be treated or construed as an admission of liability by the
Company of any kind or nature whatsoever.

       

      4.  Executive
agrees to keep confidential and not disclose the underlying facts leading up to
this Agreement, except to his attorneys, accountants and members of his
immediate family.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      5.  Executive
agrees to cooperate with and to respond promptly to the Company’s reasonable
requests for information relating to Executive’s job duties with the
Company.

       

      6.  Executive
agrees to return to the Company any and all property of the Company, including
but not limited to letters, memoranda, records, reports, notes, notebooks, books
of account, data, prints, plans, specifications, formulae and correspondence or
copies of the same (including any electronically stored copies), information or
property in his possession or control about or relating to the Company, its past
and present parents, subsidiaries, divisions and related and affiliated
organizations, and their respective past and present employees, clients,
visitors, and business operations.

       

      7.  Executive
hereby releases and forever discharges the Company and its past and present
parents, subsidiaries, divisions and related and affiliated organizations, and
their respective officers, members, shareholders, directors, attorneys, agents,
servants and employees and their successors, heirs and assigns from all actions,
claims, debts, accounts, controversies, sums of money, contracts, promises,
agreements, judgments, demands, and liabilities of any kind or nature whatsoever
in law, in equity, or otherwise, whether known or unknown, whether asserted or
unasserted, including without limitation any and all claims for employment
discrimination, wrongful discharge, compensation, benefits, bonuses, incentives,
expenses, options, wages, severance pay, vacation pay, fringe benefits, or other
monies or accountings, including punitive damages, liquidated damages, exemplary
damages, or compensatory damages, physical, mental, or emotional distress, pain
and suffering, back pay, front pay, costs, and attorneys’ fees, and any other
legal or equitable relief, and further including without limitation any and all
rights and claims arising under the Age Discrimination in Employment Act, 29
U.S.C. § 621 et seq.,
as amended, or claims relating to Executive’s employment or separation from
employment with the Company or any other cause, reason, matter, or thing
whatsoever arising up until the date of Executive’s execution of this Agreement,
except that this release does not extend to amounts owed under this Agreement,
claims for vested employee benefits under the Employee Retirement Income
Security Act, or other non-waivable claims.

       

      8.  Executive
acknowledges and affirms his continuing obligations pursuant to Sections 7 of
the Employment Agreement, and further acknowledges that compliance with such
provisions of the Employment Agreement is a condition of his continuing right to
receive the Severance Pay.  Executive agrees that, should Executive
breach such provisions of the Employment Agreement, and should the Company cease
making payments of the Severance Pay, any portion of the Severance Pay which has
been paid to Executive pursuant to this Agreement shall be sufficient
consideration to support Executive’s release(s) given in this
Agreement.

       

      9.  Each of
Executive and the Company agrees not to, directly or indirectly, slander, libel
or otherwise disparage or make any false statements or take any action which is,
or is intended to, be detrimental to the other party hereto, its business or
reputation.

       

      10.  
 Executive
agrees that he will not file, or permit to be filed in his name or on his
behalf, any lawsuit in court against any of the persons or entities released in
this Agreement, based upon any act or event which occurred on or before his
execution of this Agreement.  Executive further agrees that, although
he may file a charge with the Equal Employment Opportunity Commission, should
any charge, lawsuit, complaint or other claim be filed in his name or on his
behalf with the Equal Employment Opportunity Commission or with any other
administrative agency or organization, or in any other forum, against any of the
persons or entities released herein, based upon any act or event which occurred
on or before the effective date of this Agreement, he will not seek or accept
any personal relief based upon such charge, lawsuit, complaint or other claim,
including but not limited to an award of monetary damages or reinstatement to
his employment with the Company.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      11.  
 Executive
hereby represents and acknowledges to the Company that (a) the Company has
advised Executive in writing to consult with an attorney of his choosing and he
has had the opportunity to so before signing this Agreement; (b) Executive has
had the right to consider whether to sign this Agreement for up to 21 days after
his receipt of it, although he need not take the entire 21-day period to
consider whether to sign it; (c) Executive has seven (7) days after signing
this Agreement in which to revoke it by delivering a written notice of such
revocation to Workstream Inc., 485 N. Keller Road, Suite 500, Maitland, Florida
32751, Attention: Director of Human Resources; and (d) the consideration
provided Executive under this Agreement is sufficient to support the releases
provided by him under this Agreement and is greater than Executive would be
entitled to receive if he did not sign this Agreement. Executive
understands that the Company regards the representations made by him as material
and that the Company is relying on these representations in entering into this
Agreement.  Executive acknowledges and agrees that the Company’s
obligation to make payments or provide other benefits under this Agreement will
not commence until the period for revocation has passed and this Agreement
becomes irrevocable by Executive.

       

      12.  
 Other
than with respect to Sections 7 of the Employment Agreement as set forth in
Paragraph 8 hereof, this Agreement states the whole agreement between the
parties as to its terms and supersedes all other agreements, offers,
representations, negotiations or discussions with respect to such subject
matters.  Any changes to this Agreement must be in writing and
initialed or signed by both parties.  Executive understands and
acknowledges that in deciding whether to sign this Agreement, he is not relying
on any promises, statements or representations, oral or written, other than
those that are set forth expressly in this Agreement.

       

      13.  
 The
Company and Executive agree that, to the full extent permissible by law, the
terms of this Agreement shall be interpreted under and consistent with the laws
of the State of Florida and federal law and that to the full extent provided by
law the federal and/or state courts within Florida shall have jurisdiction over
any claims arising out of this Agreement.

       

      14.  
 If any
court of competent jurisdiction shall hold invalid any part of this Agreement,
then the court making such determination shall have the right to modify this
Agreement and in its reduced form this Agreement shall be enforceable to the
fullest extent permitted by law.  If any provision of this Agreement
is held to be invalid or unenforceable, such provision shall be severed from
this Agreement and the remaining provisions shall remain in full force and
effect.  This provision shall be interpreted to give the fullest
possible effect to Executive’s release of claims.

       

      15.  
 Executive
declares that he has completely read, fully understands and voluntarily accepts
the terms of this Agreement after complete consideration of all facts and legal
claims.

       

       

      [Signature
page follows]

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      IN
WITNESS WHEREOF, the parties have entered into this Agreement as of the last
date indicated below.

       

      

      
        	
                /s/
      Steve Purello

              	
                Dated: 
        

              	
                January
      13, 2010

              

      

      Steve
Purello

      

      
        	
                /s/
      Leticia Purello

              	
                Dated: 
       

              	
                January
      13, 2010

              

      

      WITNESS

      

      

      WORKSTREAM
INC.

      

      
        	
                By:

              	
                /s/
      Michael Mullarkey

              	
                Dated: 
       

              	
                January
      13, 2010

              

      

      Title:

      

      
        	
                /s/
      Ginger Simpson

              	
                Dated: 
        

              	
                January
      13, 2010

              

      

      WITNESS

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