Document:

Exhibit 10.1

Exhibit 10.1

SERVICES AGREEMENT

THIS SERVICES AGREEMENT is made and entered into as of January 2, 2011, between RDMartin,
Ltd, a Georgia corporation (“RDMartin”), and Tandy Brands Accessories, Inc. (the “Client”).

RECITALS:

WHEREAS, RDMartin, Ltd provides personnel (the “Assigned Personnel”) on a contract basis and
Client wishes to engage RDMartin to provide Assigned Personnel pursuant to the terms of this
Agreement;

NOW, THEREFORE, for and in consideration of the premises and the mutual promises made herein,
and for other good and valuable consideration, the receipt and adequacy of which are hereby
acknowledged, RDMartin and Client hereby agree as follows:

1. Engagement of RDMartin. Client hereby engages RDMartin to provide Client with Assigned
Personnel identified in the Services Exhibit attached hereto as Exhibit A (the “Services Exhibit”)
to perform the services specified in the Services Exhibit (the “Services”), subject to the terms
and conditions of this Agreement. The Services Exhibit shall be deemed part of this Agreement.
It is understood and agreed by the parties that RDMartin and/or Assigned Personnel are an
Independent Contractor and shall in no sense shall be considered an employee or agent of the
Client, nor will have any power or right to enter into contracts or commitments on behalf of the
Client. The Client shall not be responsible for, and shall not withhold or pay any federal, state
or local income tax, nor payroll tax of any kind, on behalf of Independent Contractor or any
employees of Independent Contractor. Independent Contractor shall be responsible for the filing
and payment of all income related taxes associated with Independent Contractor. Independent
Contractor shall not be treated as an employee with respect to the services performed hereunder for
federal or state tax purposes.

2. Term and Termination of Agreement. The term of RDMartin’s engagement shall commence on the date
of this Agreement unless otherwise specified in the Services Exhibit and end as specified in the
Services Exhibit. Client may terminate Assigned Personnel at any time. In the event of termination,
Client agrees to promptly pay RDMartin for all services rendered and all reimbursable expenses
incurred through the date of termination. Consistent with the Rules of Professional Conduct,
RDMartin reserves the right to withdraw with Client’s consent or for good cause, which includes
breach of this Agreement by reason of failure to pay for Services as provided herein. Upon the
effective termination of this Agreement by either party, the obligation of RDMartin to provide the
Assigned Personnel to Client and Client’s right to utilize the services of the Assigned Personnel
shall immediately cease, and the Assigned Personnel shall immediately cease providing services to
Client.

3. Insurance Coverage. Client will include RDMartin and Assigned Personnel in
the following corporate insurance policies: Primary and excess D&O, Fiduciary Liability, Crime,
Special Crime (aka kidnap ransom).

4. Services Fees. In consideration of the provision of the Assigned Personnel to Client, Client
shall pay RDMartin Services Fees according to the terms set forth in the Services Exhibit.
Unless otherwise stated in the Services Exhibit, payment is due upon receipt of the invoice by
Client.

5. Confidential Information. RDMartin acknowledges and agrees that any and all information
concerning Client’s business which, at the time of disclosure, is not generally known by the public
is confidential and proprietary and hereby agrees that it will not duplicate, use or disclose of
any such information, unless such duplication, use or disclosure is specifically authorized by
Client or contemplated by this Agreement. Confidential and proprietary information is defined to
include, but is not limited to, customer requirements, trade secrets, business procedures, price
lists, financial data, customer lists and prospective customer lists.

6. Warranty Disclaimer. The Services provided pursuant to this Agreement are
provided without any express or implied warranties of any kind.

 

 

 

7. Damage Disclaimer. To the extent permitted by applicable law, the liability of RDMartin, its
agents, employees and other personnel, officers, directors, members, successors or assigns for
damages, whether for breach of this Agreement, breach of warranty or otherwise shall be limited to
an amount equal to the fees paid to RDMartin by Client, whether the liability arises from contract,
tort or other claims. RDMartin shall not be liable for any incidental, consequential or special
damages which may arise from this Agreement, including without limitation costs or procurement of
substitute services nor for any lost profits, lost business, loss of use of data or interruption of
business arising out of any breach of this Agreement or any Services performed by RDMartin or
Assigned Personnel.

8. General. The signatory for Client warrants that such person has the authority to execute this
Agreement for Client as its binding agent and that this Agreement does not violate any law,
agreement, bylaw or understanding by which Client is bound. This Agreement is governed by Texas
law, and when executed by both parties, constitutes the entire agreement of the parties with
respect to its subject matter and supersedes all previous agreements, quotations or negotiations
between the parties, whether oral or written. This Agreement may only be amended in writing signed
by RDMartin and Client. Client acknowledges that the authorized representative of the Client has
read this Agreement and agrees to and understands all of its terms and conditions.

9. Arbitration and Waiver of Rights. Any dispute or controversy arising out
of, in connection with, or relating to this Agreement or its termination must be
settled exclusively by arbitration in Dallas, Texas, by one arbitrator in accordance
with the arbitration rules of the American Arbitration Association then in effect;
provided, however, that this arbitration agreement does not preclude the parties from
seeking to enforce the covenants in Sections 4 and 5 of this Agreement in any court of
competent jurisdiction without resort to arbitration. The arbitrator’s award may
include the manner in which fees of counsel and other expenses in connection with the
dispute or controversy are to be borne by the parties. The arbitrator’s authority and
jurisdiction is limited to interpreting and applying the express provisions of the
Agreement and the arbitrator has no authority to alter or add to the provisions of the
Agreement. Judgment may be entered upon the arbitrator’s award in any court of
competent jurisdiction. THE PARTIES UNDERSTAND THAT BY AGREEING TO ARBITRATE IN THIS
MANNER, THEY ARE WAIVING THEIR RIGHTS TO HAVE ANY DISPUTE ARISING OUT OF THE AGREEMENT
TRIED BEFORE AND ADJUDICATED BY A JURY.

10. Notices. All notices pursuant to this Agreement shall be in writing and sent certified mail,
return receipt requested as follows:

	 	 	 
	Tandy Brands Accessories, Inc.

	 	RDMartin Ltd
	3631 West Davis, Suite A

	 	1651 Tyler Green Trail
	Dallas, Texas 75211

	 	Smyrna, GA 30080
	ATTN: Rod McGeachy III

	 	ATTN: Robert D. Martin

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

	 	 	 	 	 	 	 	 	 
	Tandy Brands Accessories, Inc.	 	RDMartin, Ltd	 	 
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/ Rod McGeachy III
 

Rod McGeachy III
	 	By:
	 	/s/ Robert D. Martin
 

Robert D. Martin
	 	 
	 

	 	Title: Chairman and CEO
	 	 	 	Title: President	 	 
	 
	 	 	 	 	 	 	 	 
	Date: 1/7/11	 	Date: 1/2/11	 	 

 

 

 

EXHIBIT A

SERVICES EXHIBIT

This Services Exhibit is dated January 2, 2011 and is a part of the Services Agreement (the
“Agreement”) between RDMartin Ltd and Tandy Brands Accessories Inc., dated January 2, 2011.
Capitalized terms used in this Exhibit shall have the meanings set forth in the Agreement.

	 	 	 
	Client:

	 	Tandy Brands Accessories Inc.
	 
	 
	Assigned Personnel:

	 	Robert D. Martin
	 
	 
	Description of Services:

	 	Financial and Business Consulting — Interim CFO

Fees and Terms: Hourly billing rate for Assigned Personnel is $350, with a maximum of $15,000 per
week, and will be invoiced weekly. Payment is due upon receipt to the following address:
RDMartin Ltd, 1651 Tyler Green Trail; Smyrna, GA 30080

Expenses: Client agrees to reimburse RDMartin Ltd or Assigned Personnel for all reasonable
out-of-pocket expenses incurred (other than normal daily working and commuting expenses) in
connection with the performance of the Services. Travel time (other than normal daily commute) will
be billed at standard rate.

Start date:     January 2, 2011

End date:       June 30, 2011 or sooner

This Services Exhibit to the Services Agreement is hereby accepted:

	 	 	 	 	 	 	 	 	 
	Tandy Brands Accessories Inc	 	RDMartin, Ltd	 	 
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/ Rod McGeachy III
 

Rod McGeachy III
	 	By:
	 	/s/ Robert D. Martin
 

Robert D. Martin
	 	 
	 

	 	Title: Chairman and CEO
	 	 	 	Title: President	 	 
	 
	 	 	 	 	 	 	 	 
	Date: 1/7/11	 	Date: 1/2/11Exhibit 10.2

Exhibit 10.2

Separation Agreement and Release of Claims

This Separation Agreement and Release of Claims (“Agreement”) is made by and between Craig
Mackey an Employee, and Tandy, Employer (collectively, the “Parties”).

R E C I T A L S:

WHEREAS, Mackey and the Company have mutually agreed that he will resign effective January 3,
2011, from the Company;

WHEREAS, Employer desires to provide Employee with separation benefits to assist him/her in
the transition resulting from the termination of his/her position with Employer

WHEREAS, Employer desires that Mackey assist during the transition of his responsibilities to
others in the organization by being available to answer questions and share information as directed
by the Chief Executive Officer of the Company; and

WHEREAS, Employee agrees, in exchange for such separation benefits, to waive and release any
and all claims that s/he may have against Employer.

WHEREAS, Employer agrees to waive and release Employee from the Non-Competition and
Non-Solicitation of Customers provisions contained in sections 5(b) and (c) of Employee’s Bonus
Agreement executed on or about January 27, 2009 (“Bonus Agreement”) and all other Bonus Agreements
executed before or after this Bonus Agreement.

NOW, THEREFORE, in consideration of the mutual promises and releases contained herein, and for
other good and valuable consideration, the sufficiency of which is hereby acknowledged, the Parties
agree as follows:

1. Salary and Benefits Continuation. Upon the execution of this Agreement, the
Parties agree as follows:

	 	a.	 	Employee shall be terminated from employment with Employer effective January 3,
2011 (hereinafter the “Termination Date”).

	 	b.	 	Employee will be provided with his/her final paycheck, including any earned but
unused paid time off, within (6) days of termination date.

	 	c.	 	In an effort to ease the transition into different employment, Employer agrees
to pay Employee nine (9) months of Employee’s current base salary, less FIT and
FICA withholding, as required by law, on regularly scheduled pay days commencing on the
first scheduled pay day after the end of the Revocation Period, as defined herein.

	 	d.	 	Employee agrees that s/he will not apply or reapply for employment with
Employer, and understands that if s/he does, such application will be rejected pursuant
to this Agreement.

			
	 	 	 
	Revised January 2009
	 	/s/ CM    Employee Initials

 

 

	 	e.	 	Employee acknowledges that by signing this Agreement and accepting the benefits
provided herein, s/he is receiving benefits to which s/he would not otherwise be
entitled. Employee pledges that s/he has carefully read and fully understands all the
provisions of this Agreement, and that s/he is signing it voluntarily because s/he
wants to take advantage of Employer’s separation offer as outlined in this Agreement.

	 	f.	 	Following the Termination Date, Employee shall be entitled to any and all other
rights or benefits afforded to other terminated employees of Employer, including,
without limitation, the right to elect to continue, at Employee’s cost, coverage under
Employer’s health plan, in accordance with the health care continuation coverage
provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”) and
applicable law. A separate notice of COBRA rights will be provided to Employee.

	 	g.	 	The Parties understand that any vested rights Employee may have under
Employer’s health care program, life insurance program, employee stock purchase
program, employee investment plan, flexible benefit plan, and flexible spending account
are excluded from the scope of this Agreement, and are not terminated or released by
it.

2. Release. Employee, on behalf of him/herself, his/her descendants, ancestors,
dependents, heirs, executors, administrators, successors, and assigns, and each of them, hereby
covenants not to sue and fully releases, acquits and discharges Employer, and its subsidiaries and
affiliates, past, present, future, and each of them, as well as its owners, trustees, directors,
officers, shareholders, agents, servants, employees, representatives, successors, and assigns,
related companies or entities, jointly and individually, and each of them (collectively referred to
as “Releasees”) with respect to and from any and all claims, wages, demands, assistance, support,
rights, liens, agreements, contracts, covenants, actions, suits, rights to appeal, entitlements and
notices, causes of action, obligations, debts, costs, expenses, interests, attorneys’ fees,
contributions, damages, judgments, orders and liabilities of whatever kind or nature in law,
equity, or otherwise, whether known or unknown, suspected or unsuspected, and whether or not
concealed or hidden, which Employee has at any time heretofore owned or held against said
Releasees, including, without limitation, those arising out of or in any way connected with his/her
employment relationship with Employer, or Employee’s layoff or any other transactions, occurrences,
acts or omissions, or any loss, damage, or injury whatever, known or unknown, suspected or
unsuspected, resulting from any of them, committed or omitted prior to the date of this Agreement,
and including, without limitation, claims for breach of contract, libel, slander, wrongful
discharge, intentional infliction of emotional harm, or other tort, or discrimination or harassment
based upon any federal, state, or municipal statute or local ordinance relating to
discrimination in employment. Employee does not waive his/her right to pursue claims for
unemployment compensation. The claims waived and discharged include, but are not limited to those
arising under the following:

Title VII of the Civil Rights Act of 1964; Executive Order 11246; Equal Pay Act;
Vietnam Era Veteran Readjustment Assistance Act; Civil Rights Act of 1991; 42 U.S.C.
1981 (the 1866 Civil Rights Act); Americans with Disabilities Act; Employee
Retirement Income Security Act; Family and Medical Leave Act; Fair Labor Standards
Act; all laws, including the common laws of the State of Texas regarding
employment-related claims; disputed wages, including claims for any back wages or
overtime; wrongful discharge and/or breach of contract claims; and tort claims,
including invasion of privacy, defamation, fraud, and infliction of emotional
distress.

			
	 	 	 
	Revised January 2009
	 	/s/ CM    Employee Initials

 

Page 2

 

3. Indemnity Regarding Assignment of Claims. Employee represents and warrants that
s/he has not heretofore assigned or transferred, or purported to assign or transfer, to any person,
entity, or individual whatsoever, any of the claims released as set forth in Paragraph 2, above.
Employee agrees to indemnify and hold harmless the Releasees (as defined in Paragraph 2, above)
against any claim, demand, debt, obligation, liability, cost, expense, right of action, or cause of
action based on, arising out of, or in assignment. Employee agrees that s/he will not bring any
legal action against the Releasees for any claim that occurred prior to signing this Agreement.
However, this stipulation does not prohibit Employee from filing a lawsuit for the sole purpose of
enforcing his/her rights under this Agreement, or from enforcing rights that may arise subsequent
to the signing of this Agreement. Employee agrees that if a claim s/he has waived or discharged
under this Paragraph 3 is prosecuted in his/her name, or on his/her behalf before any court or
administrative agency, s/he waives and agrees not to take any award of money or other damages from
such suit. Employee also agrees that if a claim waived or discharged under this Paragraph 3 is
prosecuted in his/her name, s/he will immediately request in writing that the claim on his/her
behalf be withdrawn. Employee also agrees that s/he waives on behalf of him/herself and his/her
attorneys all claims for attorneys’ fees and expenses, and court costs for any claim waived and
discharged under this Paragraph 3.

4. Release, Waiver, and Covenant Not to Sue Under the ADEA. By signing this
Agreement, Employee consents to the following:

	 	a.	 	Release and Waiver of Rights: Employee irrevocably and unconditionally
releases Employer and the other Releasees, or any of them, from any and all claims,
complaints, liabilities, damages, causes of action, suits, rights, costs and expenses
(including attorneys’ fees) from any and all age discrimination, harassment, and/or
retaliation claims under the Age Discrimination in Employment Act (“ADEA”).

	 	b.	 	Covenant Not to Sue: Employee agrees that s/he will not bring any
legal action against the Releasees for any claim under the ADEA that existed prior to
the time s/he signed this Agreement; however, this stipulation does not keep Employee
from filing a lawsuit for the sole purpose of enforcing his/her rights under this
Agreement, from enforcing or securing any rights that may arise subsequent to
Employee signing this Agreement, or from enforcing or securing any rights provided
Employee under the ADEA that may not be legally waived.

5. Employer’s Release of Non-Competition and Non-Solicitation of Customers. Employer
agrees to waive and release Employee from the Non-Competition and Non-Solicitation of Customers
provisions contained in sections 5(b) and (c) of Employee’s Bonus Agreement executed on or about
January 27, 2009 (“Bonus Agreement”) and all other Bonus Agreements executed before or after this
Bonus Agreement.

			
	 	 	 
	Revised January 2009
	 	/s/ CM    Employee Initials

 

Page 3

 

6. Entire Agreement. This Agreement constitutes and contains the entire Agreement and
understanding concerning Employee’s employment and layoff, and the other subject matters addressed
herein between the Parties, and supersedes and replaces all prior negotiations and all prior
Agreements proposed or otherwise, whether written or oral, concerning the subject matter hereof.

7. Governing Law. This Agreement shall be governed by and subject to the laws and
exclusive jurisdiction of the courts of the State of Texas. In the event that Employee breaches
any of the provisions of this Agreement, Employee agrees to pay Employer’s reasonable costs of
prosecuting such claims, including costs and attorneys’ fees.

8. Severability. In the event that one or more of the provisions of this Agreement
shall for any reason be held to be illegal or unenforceable, this Agreement shall be revised only
to the extent necessary to make such provision(s) legal and enforceable.

9. Enforceability. Before Employee takes any legal action to challenge the validity
or enforceability of this Agreement, for any reason, including, without limitation, any claim that
Employee did not knowingly or voluntarily enter into in this Agreement, Employee agrees that s/he
must first return to Employer the payment(s) received by Employee; provided, however, that this
Paragraph 8 shall not apply to the release and waiver and covenant not to sue under the ADEA.

10. Return of Property. Employee agrees to return to Employer any and all property
belonging to Employer or the other Releasees, including, but not limited to: originals and all
copies of files, memoranda, records, software and related program passwords, computer printouts and
disks, door and file keys, laptop computers, (excluding cell phones, smart phones, Blackberry),
electronic cards, and all other property which Employee received or created in connection with
his/her employment with Employer. All such property must be returned to Employer upon Employee’s
execution of this Agreement. Employee agrees and guarantees that s/he has not kept any copies,
electronic or otherwise, of any of Employer’s property. Upon request by Employer, Employee will
provide a sworn certificate that s/he is in compliance with this Agreement, that s/he has returned
all of Employer’s property, and that s/he is not using any confidential information belonging to
Employer.

11. Confidential Information. During his/her employment with Employer, Employee was
provided with, and had access to, information regarding Employer’s methods of business, and was
also provided with, and had access to, other confidential information. Confidential information
includes, but is not limited to, customer lists, customer information,
business plans, marketing plans, cost information, sourcing information, compensation figures,
product pricing information, product design specification, future business plans, any and all
documents, memoranda, records and files, correspondence, notes, specifications, and plans, policies
and procedures, computer programs, software, and other proprietary data of whatever type or nature.
Employee understands that this confidential information is in the nature of a trade secret, and is
the sole property of Employer. Employee promises and agrees that s/he will not directly or
indirectly, use for his/her benefit, use to the injury of Employer, or divulge to persons other
than authorized representatives of Employer, any confidential information of the Employer for a
period of nine (9) months after the execution of this agreement. Upon execution of this Agreement,
all confidential information shall be left with or returned to Employer. Employee agrees that
his/her obligations under this Paragraph 10 shall outlast the execution of this Agreement.

			
	 	 	 
	Revised January 2009
	 	/s/ CM    Employee Initials

 

Page 4

 

12. Nondisparagement. Employee agrees that s/he will not make any offensive remarks
or statements to anyone regarding Employer and/or any of the other Releasees, including, but not
limited to, statements or remarks regarding his/her employment with Employer or the termination of
that employment. Employee also agrees that s/he will instruct his/her attorney and spouse (if
married) to abide by the disparagement prohibition contained in this Paragraph 11. Employee also
agrees that s/he will not say or do anything that damages or impairs in any way the business
organization, goodwill, or reputation of Employer or any of the other Releasees.

13. No Solicitation of Employees. Employee understands and agrees that s/he will not
solicit or hire, directly or indirectly, any individual employed by Employer, or who worked for
Employer during the previous six (6) months, for a period of nine (9) months after execution of
this Agreement.

14. Violation of Agreement. Employee understands and agrees that if s/he violates any
of the promises made in this Agreement, s/he will not receive any additional payments due under
this Agreement, must return any payments already received, and may be liable for additional
damages, including costs and attorneys’ fees.

15. Voluntary Agreement. The Parties acknowledge that they have read the foregoing
Agreement, understand its contents, and accept and agree to the provisions it contains, and hereby
execute it voluntarily and knowingly, and with full understanding of its consequences. Employee
acknowledges in executing this Agreement that s/he is not relying, and has not relied on, any
guarantee or statement (except those contained in this Agreement) made by any of the Releasees or
any agent of the Releasees with regard to the subject matter or effect of this Agreement or
otherwise. This Agreement sets forth the entire Agreement between Employee and Employer, and takes
the place of any and all prior arrangements or understandings between Employee and Employer. This
Agreement is entered into in the State of Texas, and shall be interpreted in accordance with the
laws of the State of Texas and in Tarrant County, Texas. The waiver by Employer of a breach of any
provision of this Agreement by Employee shall not function or be construed as a waiver of any
subsequent breach by Employee. Employee agrees that the provisions contained in this Agreement are
fair and reasonable. Employee acknowledges that irreparable injury will result to Employer in the
event of Employee’s breach of any of the provisions herein. Accordingly, in addition to any other
rights or remedies
available to Employer for breach of this Agreement by Employee, Employer shall be entitled to
enforcement by preliminary restraining order and injunction. Employee covenants and agrees to keep
this Agreement confidential, and promises not to disclose its existence or terms in any form or
fashion without the prior written consent of Employer, unless disclosure is legally required.
Employer agrees, however, that Employee may inform his/her spouse (if married), and also his/her
attorney, accountant, and CPA of the existence and terms of this Agreement as required for legal
and/or financial planning or advice.

			
	 	 	 
	Revised January 2009
	 	/s/ CM    Employee Initials

 

Page 5

 

16. NOTICE TO EMPLOYEE. EMPLOYEE SHOULD CAREFULLY REVIEW AND UNDERSTAND THIS
AGREEMENT BEFORE SIGNING IT. THIS AGREEMENT INCLUDES A RELEASE AND WAIVER OF LEGAL RIGHTS AND
CLAIMS. EMPLOYER ADVISES EMPLOYEE TO CONSULT WITH AN ATTORNEY PRIOR TO EXECUTING THIS AGREEMENT.
BY SIGNING THIS AGREEMENT, EMPLOYEE AGREES THAT S/HE FULLY UNDERSTANDS HIS/HER RIGHTS TO DISCUSS
THIS AGREEMENT WITH AN ATTORNEY OF HIS/HER CHOICE (AT HIS/HER EXPENSE), AND THAT S/HE HAD ADEQUATE
OPPORTUNITY TO DO SO. EMPLOYEE MAY ACT UPON THIS AGREEMENT ANYTIME PRIOR TO FEBRUARY 18, 2010,
WHICH WILL ALLOW EMPLOYEE MORE THAN 45 DAYS TO CONSIDER IT AFTER IT HAS BEEN DELIVERED TO EMPLOYEE.
IF EMPLOYEE WISHES TO ACCEPT AND AGREE TO THESE TERMS, EMPLOYEE SHOULD SIGN THE AGREEMENT IN THE
PRESENCE OF A NOTARY PUBLIC, AND DELIVER IT TO SUE ELLIOTT PRIOR TO FEBRUARY 18, 2010. FOR A PERIOD
OF 7 DAYS AFTER EMPLOYEE’S EXECUTION OF THIS AGREEMENT, EMPLOYEE MAY REVOKE THIS AGREEMENT BY
DELIVERING A WRITTEN NOTICE TO SUE ELLIOTT. THIS AGREEMENT WILL NOT BECOME EFFECTIVE OR
ENFORCEABLE (AND THE SALARY CONTINUATION PAYMENTS TO EMPLOYEE WILL NOT BEGIN UNTIL THIS 7-DAY
REVOCATION PERIOD HAS PASSED.

17. Employee’s Representations. By signing this Agreement, Employee represents and
warrants that s/he:

	 	1.	 	Understands completely his/her right to review all
aspects of this Agreement with an attorney of his/her choice (at
his/her expense), and that s/he has had adequate opportunity to do so;

	 	2.	 	Was given at least 45 days from the date s/he received
this Agreement to consider it, and understands s/he has 7 days after
signing it to revoke it (“Revocation Period”);

			
	 	 	 
	Revised January 2009
	 	/s/ CM    Employee Initials

 

Page 6

 

	 	3.	 	Has been provided and has reviewed a list of
departmental employees, along with the job titles and ages of all
individuals eligible for Employer’s cash separation program; and

	 	4.	 	Has been provided and has reviewed a list of the job titles and ages
of all individuals in the same department who were not selected for
Employer’s cash separation program. This list is set out on Exhibit
“A” attached hereto, and made a part of this Agreement for all
purposes.

PLEASE READ CAREFULLY. THIS AGREEMENT INCLUDES A RELEASE OF

KNOWN AND UNKNOWN CLAIMS.

			
	 	 	 
	Revised January 2009
	 	/s/ CM    Employee Initials

 

Page 7

 

	 	 	 	 	 
	EMPLOYEE	 	TANDY
	 
	 	 	 	 
	/s/ Craig Mackey
 

CRAIG MACKEY

	 	By:
	 	/s/ Sue Elliott
 

SUE ELLIOTT
	 

	 	 	 	Chief Performance Officer
	 
	 	 	 	 
	Date: 1/7/11	 	Date: 1/7/11

STATE OF TEXAS           §

COUNTY OF DALLAS    §

SWORN TO AND SUBSCRIBED before me, the undersigned Notary Public, by Craig Mackey, on this
7th day of January, 2011.

	 	 	 	 	 
	 	                                       /s/ Janice Gooch
 	 
	 	NOTARY PUBLIC in and for 	 
	 	The State of  Texas 	 

	 
	My Commission Expires: 6-18-13

			
	 	 	 
	Revised January 2009
	 	/s/ CM    Employee Initials

 

Page 8

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