Document:

EXHIBIT 10.2

 

EMPLOYMENT
SEPARATION AGREEMENT AND RELEASE

 

This Employment Separation
Agreement and Release is entered into by Benjamin J. Marchive (hereinafter “Employee”) and Energy (Bermuda)
Ltd, and all subsidiaries, (hereinafter “Employer”). Both the Employee and the Employer recognize that the Employee
has resigned employment with Employer effective October 1, 2014 and this Agreement is being made to facilitate an amicable departure
by Employee from Employer.

 

In consideration for
(1) payment of $2,085,125, (less applicable taxes and withholdings); (2) an additional $38,900 (grossed-up for taxes)
for 12 months of “COBRA” payments for medical and dental coverage under the Consolidated Omnibus Budget Reconciliation
Act; and (3) Employer’s agreement to convey to Employee title to his company-issued automobile (2013 Lexus LXS570) (Employee
shall reimburse Employer, on or before effective date for taxes owed on this in-kind payment valued at $67,919.70), with
said amounts to be funded ten (10) days from the date on which Employee delivers an executed original of this Release (and provided
Employee does not revoke any part of the Agreement as provided herein), and the other benefits provided for herein, Employee, being
of lawful age, does hereby for himself, dependents, heirs, executors, and administrators, unconditionally release, acquit and forever
discharge Employer and its subsidiaries and affiliates, and its owners, members, shareholders, officers, employees, directors,
agents and assigns (hereinafter “Released Parties”), from any and all demands, causes of action, suits, charges,
claims, liabilities, damages, costs and expenses of any nature whatsoever, in law or in equity, both known and unknown, and all
future effects of past actions, and particularly, without limiting the generality of the foregoing, all matters relating to or
arising on account of Employee’s employment with Employer, the termination of his employment with Employer, and all events
arising, known or unknown, to the date of the execution of this Agreement, including, but without limiting the generality of the
foregoing, all causes of action arising under or based upon: the Fair Labor Standards Act of 1938, 29 U.S.C. §201 et. seq.;
Title VII of the Civil Rights Act of 1964, as amended, including the Civil Rights Act of 1991, 42 U.S.C. §2000e et. seq.;
the so-called Reconstruction Statutes, in particular Sections 1981, 1983, and 1985 of the Civil Rights Act of 1866, 42 U.S.C. §§
1981, 1983 & 1985; the Equal Pay Act of 1963, 29 U.S.C. § 206(d); the Rehabilitation Act of 1973, 29 U.S.C. § 701,
et. seq.; the Employee Retirement Income Security Act of 1964 (ERISA), 29 U.S.C. § 1001 et. seq., Americans
With Disabilities Act, 42 U.S.C. § 12111, et. seq.; Racketeer Influenced and Corrupt Organizations Act (RICO) 18 U.S.C.
§ 1961, et. seq.; Veteran’s Reemployment Rights Act, 38 U.S.C. § 2001 et. seq.; the Age Discrimination
in Employment Act of 1967, as amended, including the Older Worker’s Benefit Protection Act, 29 U.S.C. §621 et seq.;
the Texas Commission on Human Rights Act, Tex. Lab. Code § 21.001 et. seq.; and any other local, state, or federal
statue, public policy, order, or regulation, however promulgated, affecting or relating to claims or rights of employees, including
any and all suits at law or in equity, including tort, contract, or any other cognizable claim, such as breach of an express or
implied contract, whether oral or written, promissory estoppel, quantum meruit, actual misrepresentation, constructive misrepresentation,
defamation, including libel and slander, false light, interference with economic advantage, tortious interference with either a
contract or prospective contractual relations, intentional infliction of emotional distress, invasion of privacy whether intentional
or negligently caused, wrongful termination for any reason, breach of the covenant of good faith and fair dealing, prima facie
tort, conversion, fraud, constructive fraud, negligent misrepresentation, gross negligence, negligence, constructive discharge,
or conspiracy to commit any of the above, whether known or unknown, liquidated or unliquidated, fixed or contingent, direct or
indirect, which Employee ever had, has, or can assert to have had against the Released Parties referred to above occurring at any
time prior to the date of the execution of this Agreement. Employee specifically acknowledges that no other compensation, bonus
or other payment is owed him by Employer. Simply stated, this is a release of any and all claims and prevents Employee from ever
suing or seeking money from any of the Released Parties referred to above for any acts or omissions which occurred prior to the
execution of this Agreement. However, nothing in this Agreement shall be construed to waive any claim which is not waiveable as
a matter of law. If any such claims are not waived pursuant to this release, then Employee assigns any such claims to Employer
by signing this Agreement. Finally, Nothing in this Agreement shall be construed to restrict or prevent Employee from filing a
charge or claim with the Equal Employment Opportunity Commission or any other state or federal administrative agency or from participating
in an investigation conducted by such administrative agency. However, Employee understands and recognizes that even if a charge
is filed by Employee or on Employee’s behalf with an administrative agency, Employee will not be entitled to any damages
relating to any event which occurred prior to Employee’s execution of this Agreement.

 

    	 

    	 

    

  

Employee represents that he has not
initiated any suit against Employer and at the time he executed this Agreement, he was unaware of the basis for any such suit.

 

Employee acknowledges
that he is knowingly and voluntarily waiving and releasing rights he may have under the Age Discrimination in Employment Act of
1967, as amended, including the Older Worker Benefit Protection Act, 29 U.S.C. §621 et seq., (hereinafter referred
to as the “ADEA.”) Employee also acknowledges that the consideration given for the waiver and release is in addition
to anything of value to which he is already entitled. Employee further acknowledges that he has been advised by this writing, as
required by the ADEA, that:

 

		·	His waiver and release do not apply to any rights or claims that may arise after the execution
date of this Agreement;

		·	That he has the right to consult with an attorney prior to executing this Agreement;

		·	He has twenty-one (21) days to consider this Agreement (although he may choose to voluntarily execute
this Agreement earlier);

		·	He has seven (7) days following the execution of this Agreement by the parties to revoke the Agreement
to waive potential age discrimination and/or retaliation claims under the ADEA; and,

 

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		·	If Employee decides to revoke this Agreement after he has signed it, Employee shall notify Employer,
in writing, of his decision to revoke this Agreement.

 

Employee agrees that
the existence of this Agreement, and its contents, and any negotiations about this Agreement or the termination and separation
of the employment relationship are to be held in absolute confidence and are not to be disclosed in any manner to any person or
organization at any time with the exception that the Employee may consult with an advisor or attorney or as otherwise required
by law and the exception that the Employer may be required to disclose such information as provided by law. Employee further agrees
that the consideration being provided to him by Employer for this Separation Agreement and Release is predicated upon the Employee’s
agreement to abide by the confidentiality provisions of this paragraph. Employee further agrees that should he be adjudicated to
have breached the terms of this paragraph that he will be subject to all legal and equitable relief afforded by law, including
the reimbursement of any attorneys’ fees and/or expenses by the Employer in recovering any such sums of money.

 

Employee shall not
make to any other party any statement (whether oral, written, electronic, anonymous, on the Internet, or otherwise), which directly
or indirectly impugns the quality or integrity of Employer’s or any of the other Released Parties’ business or employment
practices, or any other disparaging or derogatory remarks about Employer or any of the other Released Parties.

 

Employee hereby agrees
to and does hereby indemnify and hold harmless each and all of the Released Parties under this Agreement, from any and all claims,
demands, costs of court, attorney’s fees, actions and causes of action which may hereinafter be asserted by any person, firm,
corporation or entity filing a claim through or under Employee if such claim relates to Employee’s employment with Employer
that has been released herein.

 

Employee acknowledges
and agrees that the amount to be paid pursuant to this Agreement may be subject to taxes required by any local, state or federal
law. Employee hereby accepts and agrees to bear all tax consequences, if any, associated upon the payments to him by Employer.
Recognizing that such tax consequences are his sole responsibility, Employee further agrees to indemnify, defend (and/or pay reasonable
defense attorney’s fees, at Employer’s option) and to hold Employer harmless from and against any tax claims, amounts,
interest, penalties, fines or assessments brought or sought by any taxing authority or governmental agency with regard to Employee’s
obligations, if any, on the payments to him by Employer in connection with this Agreement.

 

By his signature below,
Employee represents that he has carefully read this Agreement and that he understands it to be a release of any and all claims
against Employer and all those persons or business entities referred to above. Employee warrants that he is of legal age and legally
competent to execute this Agreement, and that he does so of his own free will without reliance on any representation of any kind
or character not expressly set forth herein.

 

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This Employment Separation Agreement
and Release supersedes all prior agreements, understandings or statements, whether oral or in writing No waiver of any of the terms
of this Release shall be valid unless in writing and signed by both parties.

 

	/s/ B. Marchive	 	By:	/s/ Kerry McDonough
	Benjamin J. Marchive	 	 	Kerry McDonough

 

	8/20/14	 	8/20/14	 
	Date	 	Date	 

 

    	4LEA-2014.12.31-EX-10.25

Exhibit 10.25

FIRST AMENDMENT TO THE 
LEAR CORPORATION SALARIED RETIREMENT RESTORATION PROGRAM 
(As Amended and Restated Effective January 1, 2013)

THIS FIRST AMENDMENT to the Lear Corporation Salaried Retirement Restoration Program, (As Amended and Restated effective January 1, 2013) (the “Plan”) was approved on November 19, 2014, by the Compensation Committee of the Board of Directors of Lear Corporation, pursuant to the authority reserved to it under Section 6.1 of the Plan, effective as of the dates set forth herein.

WITNESSETH THAT:

		
	1.
	Section 2.1 of the Plan is hereby deleted in its entirety and replaced with the following new Section 2.1:

“Participation in the Program shall be limited to employees of the Corporation or any affiliated company participating in the Pension Plan and/or the Savings Program who constitute a select group of management or highly compensated employees.  Additionally, such employees must meet the following eligibility conditions:

		
	(a)
	Effective as of January 1, 2014, to be eligible to make any elections of Deferred Compensation and to receive any contributions to a RSP Excess Matching Account for a particular year, an employee, in the year preceding that particular year (the ‘Determination Year’), must have either:

		
	i.
	An annual base salary that meets or exceeds five-sixths (5/6) of the limit established by the Internal Revenue Service under Code Section 401(a)(17) (An individual’s compensation under this Section 2.1(a)(i) shall be determined based on his or her salary as of the November 1 of the Determination Year.  Notwithstanding the previous sentence, the compensation of a newly-hired employee shall be determined, with respect to the calendar year in which such employee is hired, by annualizing such employee’s salary as of his or her commencement of employment.);

		
	ii.
	A title that is at or above that of a Vice President of the Corporation; or

		
	iii.
	Met the following three conditions with respect to the Determination Year: (1) satisfied the eligibility conditions set forth in this Section 2.1, (2) participated in the Program, and (3) earned compensation that meets or exceeds the limit established by the Internal Revenue Service under Code Section 401(a)(17) (for this purpose, it will be assumed that such employee continues to earn the same base salary from the date of determination through the end of the Determination Year).

		
	(b)
	Effective January 1, 2014, to be eligible to receive any contributions to a PSP Excess Account under this Program for a particular year, an employee must have compensation that meets or exceeds the limit established by the Internal Revenue Service under Code Section 401(a)(17) in that year.”

		
	2.
	Section 3.2 of the Plan is hereby amended by adding the following sentences at the end of the first paragraph thereto, effective as of January 1, 2013: 

“For purposes of clarification, an employee’s compensation for purposes of this Section 3.2 will include his or her annual incentive bonus only if the employee makes an election of Deferred Compensation from such annual incentive bonus.  Notwithstanding the foregoing sentence, an employee’s compensation for purposes of this Section 3.2 will include his or her base pay whether or not the employee makes an election of Deferred Compensation from his or her base pay.”

		
	3.
	Except to the extent hereby amended, the Plan shall remain in full force and effect.

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