Document:

Severance Agreement dated January 6, 2004

 Exhibit 10.20 
  
 ARTISAN COMPONENTS, INC. 
  
 SEVERANCE AGREEMENT 
  
 This Severance Agreement (the “Agreement”) is made and entered into by and between Keith Hopkins (the “Executive”) and
Artisan Components, Inc., a Delaware Corporation (the “Company”), effective as of January 6, 2004 (the “Effective Date”). 
  
 RECITALS 
  
 1. It is expected that the Company from time to time will consider the possibility of an acquisition by another company or other change of control. The
Board of Directors of the Company (the “Board”) recognizes that such consideration can be a distraction to Executive and can cause Executive to consider alternative employment opportunities. The Board has determined that it is in
the best interests of the Company and its stockholders to assure that the Company will have the continued dedication and objectivity of Executive, notwithstanding the possibility, threat or occurrence of a Change of Control. 
  
 2. The Board believes that it is in the best interests of the Company and its
stockholders to provide Executive with an incentive to continue his or her employment and to motivate Executive to maximize the value of the Company for the benefit of its stockholders. 
  
 3. The Board believes that it is imperative to provide Executive with certain severance benefits upon Executive’s
termination of employment without cause or following a Change of Control. These benefits will provide Executive with enhanced financial security and incentive and encouragement to remain with the Company. 
  
 4. Certain capitalized terms used in the Agreement are defined in Section 5
below. 
  
 AGREEMENT 
  
 NOW, THEREFORE, in consideration of the mutual covenants contained herein,
the parties hereto agree as follows: 
  
 1. Term of
Agreement. This Agreement will terminate upon the date that all of the obligations of the parties hereto with respect to this Agreement have been satisfied. 
  

2. At-Will Employment. The Company and Executive acknowledge that Executive’s employment is and will continue to be at-will, as defined
under applicable law, except as may otherwise be specifically provided under the terms of any written formal employment agreement or offer letter between the Company and Executive (an “Employment Agreement”). If Executive’s
employment terminates for any reason, including (without limitation) any termination prior to a Change of Control, Executive will not be entitled to any payments, benefits, damages, awards or compensation other than as provided by this Agreement or
under his or her Employment Agreement. 

 3. Severance Benefits.  
  
 (a) Involuntary Termination other than for Cause, Death or Disability Prior to a Change of Control. If the Company
(or any parent or subsidiary of the Company employing Executive) terminates Executive’s employment with the Company (or any parent or subsidiary of the Company) without Executive’s consent and for a reason other than Cause, Executive
becoming Disabled or Executive’s death, any of which occur prior to a Change of Control or and Executive signs and delivers to the Company a separation agreement and release of claims in a form satisfactory to the Company, then promptly
following such termination of employment, or, if later, the effective date of the separation agreement and release of claims, then Executive will receive the following severance from the Company: 
  
 (i) Accrued Compensation. Executive will be entitled to receive all
accrued vacation, expense reimbursements and any other benefits due to Executive through the date of termination of employment in accordance with the Company’s then existing employee benefit plans, policies and arrangements. 
  
 (ii) Severance Payment. Executive will be paid continuing payments of
severance pay at a rate equal to Executive’s base salary rate, as then in effect, for a period of time from the date of such termination based on Executive’s number of years of employment with the Company as provided below (the
“Severance Payment Period”), to be paid periodically in accordance with the Company’s normal payroll policies; provided, however, that if during the Severance Payment Period Executive engages in Competition or breaches the
covenants in Section 6 or in the separation agreement, all payments pursuant to this subsection will immediately cease. 
  

			
	 Number of Years Employed by the
 Company

	  	Severance Payment Period

	 < 2 years
	  	3 months
		
	 > 2 years but < 3 years
	  	4 months
		
	 > 3 years but < 4 years
	  	5 months
		
	 > 4 years
	  	6 months

  
 (iii) Continued
Employee Benefits. Executive will receive Company-paid coverage during the Severance Payment Period for Executive and Executive’s eligible dependents under the Company’s Benefit Plans; provided, however, that if during the Severance
Payment Period Executive engages in Competition or breaches the covenants in Section 6 or in the separation agreement, all Company-paid coverage pursuant to this subsection will immediately cease. 
  
 (iv) Payments or Benefits Required by Law. Executive will receive
such other compensation or benefits from the Company as may be required by law (for example, “COBRA” coverage under Section 4980B of the Internal Revenue Code of 1986, as amended (the “Code”)). 
  

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 (b) Involuntary Termination other than for Cause, Death or Disability or Termination for Good Reason
within Twelve Months of a Change of Control. If within twelve (12) months following a Change of Control (i) Executive terminates his or her employment with the Company (or any parent or subsidiary of the Company) for Good Reason or (ii) the
Company (or any parent or subsidiary of the Company) terminates Executive’s employment for other than Cause, and Executive signs and does not revoke a standard release of claims with the Company in a form acceptable to the Company, then
Executive will receive the following severance from the Company: 
  
 (i) Accrued Compensation. Executive will be entitled to receive all accrued vacation, expense reimbursements and any other benefits due to Executive through the date of termination of employment in accordance with the Company’s
then existing employee benefit plans, policies and arrangements. 
  
 (ii) Severance Payment. Executive will be paid a lump-sum severance payment equal to six (6) months of Executive’s base salary, as then in effect, and a prorated portion of Executive’s target bonus for the year of
termination calculated based on the number of months in the fiscal year of termination during which Executive was employed by the Company. 
  
 (iii) Options and Restricted Stock. 50% of the unvested shares subject to all of Executive’s options (the “Options”) to
purchase Company common stock outstanding on the date of such termination (whether granted to Executive on, before or after the date of this Agreement) and 50% any of Executive’s shares of Company common stock subject to a Company repurchase
right upon Employee’s termination of employment for any reason (the “Restricted Stock”) whether acquired by Executive on, before or after the date of this Agreement, will immediately vest upon such termination. In all other
respects, such Options and Restricted Stock will continue to be subject to the terms and conditions of the stock plans, if any, under which they were granted and any applicable agreements between the Company and Executive. 
  
 (iv) Continued Employee Benefits. Executive will receive Company-paid
coverage for a period of six (6) months for Executive and Executive’s eligible dependents under the Company’s Benefit Plans; provided, however, that in the event Executive engages in Competition or breaches the covenants in Section 6 or in
the separation agreement during the six-month period following such termination, all Company-paid coverage pursuant to this subsection will immediately cease. 
  

(v) Payments or Benefits Required by Law. Executive will receive such other compensation or benefits from the Company as may be required by law
(for example, under Section 4980B of the Code). 
  
 (c) Other
Terminations. If Executive voluntarily terminates Executive’s employment with the Company or any parent or subsidiary of the Company (other than for Good Reason within twelve (12) months of a Change of Control) or if the Company (or any
parent or subsidiary of the Company employing Executive) terminates Executive employment with the Company (or any parent or subsidiary of the Company) for Cause, then Executive will (i) receive his or her earned but unpaid base salary through the
date of termination of employment, (ii) receive all accrued vacation, expense reimbursements and any other benefits due to Executive through the date of termination of employment in accordance with established Company plans, policies and 

 

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 arrangements, and (iii) not be entitled to any other compensation or benefits (including, without limitation, accelerated
vesting of stock options) from the Company except to the extent provided under the applicable stock option agreement(s) or as may be required by law (for example, “COBRA” coverage under Section 4980B of the Code). 
  
 (d) Termination due to Death or Disability. If Executive’s
employment with the Company (or any parent or subsidiary of the Company) is terminated due to Executive’s death or Executive’s becoming Disabled, then Executive or Executive’s estate (as the case may be) will (i) receive the earned
but unpaid base salary through the date of termination of employment, (ii) receive all accrued vacation, expense reimbursements and any other benefits due to Executive through the date of termination of employment in accordance with Company-provided
or paid plans, policies and arrangements, and (iii) not be entitled to any other compensation or benefits from the Company except to the extent required by law (for example, “COBRA” coverage under Section 4980B of the Code). 
  
 (e) Exclusive Remedy. In the event of a termination of
Executive’s termination of employment with the Company (or any parent or subsidiary of the Company), the provisions of this Section 3 are intended to be and are exclusive and in lieu of any other rights or remedies to which Executive or the
Company may otherwise be entitled (including any contrary provisions in the Employment Agreement), whether at law, tort or contract, in equity, or under this Agreement. Executive will be entitled to no benefits, compensation or other payments or
rights upon termination of employment other than those benefits expressly set forth in this Section 3. 
  
 4. Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i)
constitute “parachute payments” within the meaning of Section 280G of the Code and (ii) but for this Section 4, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section
4(a)(i) shall be either: 
  

	 	(a)	delivered in full, or 

  

	 	(b)	delivered as to such lesser extent which would result in no portion of such severance benefits being subject to excise tax under Section 4999 of the Code, 

 
 whichever of the foregoing amounts, taking into account the applicable federal, state and
local income taxes and the excise tax imposed by Section 4999, results in the receipt by Executive on an after-tax basis, of the greatest amount of severance benefits, notwithstanding that all or some portion of such severance benefits may be
taxable under Section 4999 of the Code. Unless the Company and Executive otherwise agree in writing, any determination required under this Section 4 shall be made in writing by the Company’s independent public accountants immediately prior to
Change of Control (the “Accountants”), whose determination shall be conclusive and binding upon Executive and the Company for all purposes. For purposes of making the calculations required by this Section 4, the Accountants may make
reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of the Code. The Company and Executive shall furnish to the Accountants
such information and documents as the Accountants may reasonably request in order to make a determination under this Section. The Company shall bear all costs the Accountants may reasonably incur in connection with any calculations contemplated by
this Section 4. 
  

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 5. Definition of Terms. The following terms referred to in this Agreement will have the following
meanings: 
  
 (a) Benefit Plans. “Benefit
Plans” means plans, policies or arrangements that the Company sponsors (or participates in) and that immediately prior to Executive’s termination of employment provide Executive and/or Executive’s eligible dependents with medical,
dental, and/or vision benefits. Benefit Plans do not include any other type of benefit (including, but not by way of limitation, disability, life insurance or retirement benefits). A requirement that the Company provide Executive and
Executive’s eligible dependents with coverage under the Benefit Plans will not be satisfied unless the coverage is no less favorable than that provided to Executive and Executive’s eligible dependents immediately prior to Executive’s
termination of employment. Notwithstanding any contrary provision of this Section 5, but subject to the immediately preceding sentence, the Company may, at its option, satisfy any requirement that the Company provide coverage under any Benefit Plan
by instead providing coverage under a separate plan or plans providing coverage that is no less favorable or by paying Executive a lump sum payment sufficient to provide Executive and Executive’s eligible dependents with equivalent coverage
under a third party plan that is reasonably available to Executive and Executive’s eligible dependents. 
  
 (b) Cause. “Cause” means (i) a willful failure by Executive to substantially perform Executive’s duties as an employee, other
than a failure resulting from the Executive’s complete or partial incapacity due to physical or mental illness or impairment, (ii) a willful act by Executive that constitutes gross misconduct and that is injurious to the Company, (iii)
circumstances where Executive willfully imparts material confidential information relating to the Company or its business to competitors or to other third parties other than in the course of carrying out Executive’s duties, (iv) a material and
willful violation by Executive of a federal or state law or regulation applicable to the business of the Company or (v) Executive’s conviction or plea of guilty or no contest to a felony. No act or failure to act by Executive will be considered
“willful” unless committed without good faith and without a reasonable belief that the act or omission was in the Company’s best interest. 
  
 (c) Change of Control. “Change of Control” means the occurrence of any of the following: 
  
 (i) the sale, lease, conveyance or other disposition of all or
substantially all of the Company’s assets to any “person” (as such term is used in Section 13(d) of the Securities Exchange Act of 1934, as amended), entity or group of persons acting in concert; 
  
 (ii) any person or group of persons becoming the “beneficial
owner” (as defined in Rule 13d-3 under said Act), directly or indirectly, of securities of the Company representing 50% or more of the total voting power represented by the Company’s then outstanding voting securities; 
  
 (iii) a merger or consolidation of the Company with any other corporation,
other than a merger or consolidation that would result in the voting securities of the Company 
  

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 outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into
voting securities of the surviving entity or its controlling entity) at least 50% of the total voting power represented by the voting securities of the Company or such surviving entity (or its controlling entity) outstanding immediately after such
merger or consolidation; or 
  
 (iv) a contest for the election
or removal of members of the Board that results in the removal from the Board of at least 50% of the incumbent members of the Board. 
  
 (d) Competition. “Competition” will mean Executive’s direct or indirect engagement in (whether as an employee, consultant,
agent, proprietor, principal, partner, stockholder, corporate officer, director or otherwise), or ownership interest in or participation in the financing, operation, management or control of, any person, firm, corporation or business that competes
with Company or is a customer of the Company. 
  
 (e)
Disability. “Disability” will mean that Executive has been unable to perform the principal functions of Executive’s duties due to a physical or mental impairment, but only if such inability has lasted or is reasonably
expected to last for at least six months. Whether Executive has a Disability will be determined by the Board based on evidence provided by one or more physicians selected by the Board. 
  
 (f) Good Reason. “Good Reason” means (without Executive’s consent) (i) a material reduction in
Executive’s title, authority, status, or responsibilities, (ii) the reduction of Executive’s aggregate base salary and target bonus opportunity as in effect immediately prior to such reduction (other than a reduction applicable to
executives generally), or (iii) a relocation of Executive’s principal place of employment by more than thirty (30) miles. 
  
 6. Non-Solicitation. For a period beginning on the Effective Date and ending one year after the Executive ceases to be employed by the Company,
Executive, directly or indirectly, whether as employee, owner, sole proprietor, partner, director, member, consultant, agent, founder, co-venturer or otherwise, will not: (i) solicit, induce or influence any person to leave employment with the
Company; or (ii) directly or indirectly solicit business from any of the Company’s customers and users on behalf of any business that directly competes with the principal business of the Company. 
  
 7. Successors. 
  
 (a) The Company’s Successors. Any successor to the Company
(whether direct or indirect and whether by purchase, merger, consolidation, liquidation or otherwise) to all or substantially all of the Company’s business and/or assets will assume the obligations under this Agreement and agree expressly to
perform the obligations under this Agreement in the same manner and to the same extent as the Company would be required to perform such obligations in the absence of a succession. For all purposes under this Agreement, the term
“Company” will include any successor to the Company’s business and/or assets which executes and delivers the assumption agreement described in this Section 7(a) or which becomes bound by the terms of this Agreement by operation
of law. 
  

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 (b) The Executive’s Successors. The terms of this Agreement and all rights of Executive
hereunder will inure to the benefit of, and be enforceable by, Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. 
  
 8. Notice. 
  
 (a) General. Notices and all other communications contemplated by
this Agreement will be in writing and will be deemed to have been duly given when personally delivered or when mailed by U.S. registered or certified mail, return receipt requested and postage prepaid. In the case of Executive, mailed notices will
be addressed to him or her at the home address which he or she most recently communicated to the Company in writing. In the case of the Company, mailed notices will be addressed to its corporate headquarters, and all notices will be directed to the
attention of its President. 
  
 (b) Notice of Termination.
Any termination by the Company for Cause or by Executive for Good Reason or as a result of a voluntary resignation will be communicated by a notice of termination to the other party hereto given in accordance with Section 8(a) of this Agreement.
Such notice will indicate the specific termination provision in this Agreement relied upon, will set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination under the provision so indicated, and will specify
the termination date (which will be not more than thirty (30) days after the giving of such notice). The failure by Executive to include in the notice any fact or circumstance which contributes to a showing of Good Reason will not waive any right of
Executive hereunder or preclude Executive from asserting such fact or circumstance in enforcing his or her rights hereunder. 
  
 9. Miscellaneous Provisions. 
  
 (a) No Duty to Mitigate. Executive will not be required to mitigate the amount of any payment contemplated by this Agreement, nor will any such
payment be reduced by any earnings that Executive may receive from any other source. 
  
 (b) Waiver. No provision of this Agreement will be modified, waived or discharged unless the modification, waiver or discharge is agreed to in writing and signed by Executive and by an authorized officer of the
Company (other than Executive). No waiver by either party of any breach of, or of compliance with, any condition or provision of this Agreement by the other party will be considered a waiver of any other condition or provision or of the same
condition or provision at another time. 
  
 (c) Headings.
All captions and section headings used in this Agreement are for convenient reference only and do not form a part of this Agreement. 
  
 (d) Entire Agreement. This Agreement constitutes the entire agreement of the parties hereto and supersedes in their entirety all prior
representations, understandings, undertakings or agreements (whether oral or written and whether expressed or implied) of the parties with respect to the subject matter hereof, including (without limitation) the Employment Agreement). No future
agreements between the Company and Executive may supersede this Agreement, unless they are in writing and specifically mention this Section 9(d). 
  

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 (e) Choice of Law. The laws of the State of California (without reference to its choice of laws
provisions) will govern the validity, interpretation, construction and performance of this Agreement. 
  
 (f) Severability. The invalidity or unenforceability of any provision or provisions of this Agreement will not affect the validity or
enforceability of any other provision hereof, which will remain in full force and effect. 
  
 (g) Withholding. All payments made pursuant to this Agreement will be subject to withholding of applicable income and employment taxes. 
  
 (h) 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. 
  
 [Remainder of Page Intentionally Left Blank] 
  

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 IN WITNESS WHEREOF, each of the parties has executed this Agreement, in the case of the Company by its
duly authorized officer, as of the day and year set forth below. 
  

					
	 COMPANY
	 	 ARTISAN COMPONENTS, INC.

			
	 	 	 By:
	 	 /s/ Harry Dickinson

	 	 	 Title:
	 	 COO

  

					
	 EXECUTIVE
	 	 KEITH HOPKINS

			
	 	 	 By:
	 	     /s/ Keith Hopkins

	 	 	 Title:
	 	 VP Sales, NAE

  

 -9-QDI  Agreement

 [QUALITY DISTRIBUTION LOGO APPEARS HERE] 
  
 Exhibit 10.1 
  
 June 3, 2004 
  
 Dear Virgil Leslie: 
  
 Quality Distribution, Inc.
(the “Company”) and you (the “Employee”) have entered in this Agreement under the following terms and conditions: 
  

	1.	You will hold the position of Executive Vice President and General Manager with an annual salary of $210,000 (subject to increase, but not decrease, at the Company’s sole
discretion), including benefits that are consistent with the Company’s senior level management. 

  

	2.	This Agreement will commence as of the date hereof (the “Effective Time”) and continue until the second anniversary of such date. At least 90 days prior to such
anniversary either party may provide written notice of termination effective as of such anniversary. If no such timely notice of termination is provided, the term of this Agreement will automatically extend for additional one-year periods unless and
until either party provides written notice of termination pursuant to this section at least 90 days prior to the end of the then applicable term. If, at any point, the Company provides such notice, you shall be entitled to receive your then current
base salary for one year after the end of the term and you shall be entitled during such time to the continuation of health, medical and other benefits. 

  

	3.	Notwithstanding anything else herein, the Company reserves the right to terminate your employment at any time with or without Cause (as defined below) and you reserve the right to
terminate your employment with Good Reason (as defined below), provided that if the Company terminates your employment without Cause or you terminate your employment with Good Reason you shall be entitled to receive your then current base salary for
one year, and a prorated portion of any bonus that has been earned by you as of the date of such termination, and you will be entitled during such time to the continuation of health, medical, and other benefits. If the Company terminates your
employment for Cause or you terminate your employment other than for Good Reason you shall not be entitled to any further payments (except for any accrued but unpaid amounts due) or benefits, effective immediately upon such termination.

  

	4.	You agree to be bound by the Non-Compete Covenants set forth on Exhibit A, which is incorporated by reference herein. 

  

	5.	You agree to be bound by the Restrictive Covenant Agreement set forth on Exhibit B, which is incorporated by reference herein. 

  
 3802 Corporex Park Drive Ÿ Tampa, FL 33619 Ÿ Phone 813-630-5826
Ÿ Fax 813-630-4296 

	6.	For purposes of this agreement Cause means (i) a good faith finding by Management of the Company or the Board of Directors of your failure to satisfactorily perform your assigned
duties for the Company as a result of your material dishonesty, gross negligence or intentional misconduct (including intentionally violating any law, rule, regulation, policy or guideline of the Company) or (ii) your conviction of, or the entry of
a pleading of guilty or nolo contendere by you to, any crime involving moral turpitude or any felony. For purposes of this letter agreement “good reason” means a material diminution in your duties and responsibilities caused by the
Company, a breach by the Company of its compensation and benefit obligations under this Agreement, or an involuntary relocation by more than 50 miles of your principal place of business as it exists as of the date of this agreement.

  

	7.	This agreement shall terminate automatically upon your death or long-term disability. Any termination hereof by reason of your death or disability shall terminate your right to
receive further payments hereunder, except for any accrued and unpaid amounts due. Nothing in this Paragraph shall, however, limit or eliminate any right you may have under life insurance, disability or other benefits provided to you during your
employment. 

  

	8.	You agree to cooperate with the Company should the Company need information, testimony or other material relating to your employment with the Company. The Company agrees to
reimburse you for any expenses incurred or loss suffered by you as a result of providing such cooperation. 

  
 This Agreement (including its Exhibits) embodies the entire understanding between the parties and shall supersede all prior understandings and agreements with respect to
the subject matter hereof. The parties agree that this Agreement shall be governed in accordance with the laws of the State of Florida. 
  
 If you are in agreement with the foregoing, please execute this Letter Agreement below and cause it to be delivered to the Company at the address set forth above.

  
 Very truly yours, 
  
  
 Thomas L.
Finkbiner 
  

	
	 Acknowledged and agrees as of
 The date first above
written:

	
	/s/ Virgil Leslie
	Virgil Leslie

  
  
  

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 EXHIBIT A 
  

Non-Compete Covenants 
  
 In consideration of the terms set forth in the agreement (the “Agreement”) to which this Exhibit is attached, the Employee agrees that no
Competition Event (as defined below) shall occur prior to the date that is one year from the date of termination of the Employee’s employment with the Company. The Employee agrees that the Covenants in this Exhibit are justified by a legitimate
business interest of the Company, including, without limitation, protecting the Company’s confidential business information and protecting substantial relationships with specific prospective and existing customers. 
  
 For purposes of this letter agreement, a “Competition Event” shall
occur if the Employee directly or indirectly (i) engages in the bulk chemical trucking business, transloading, the bulk tank cleaning business, or any other business in which the Company or any of its Subsidiaries are engaged as of the date hereof
(for this purpose, it is agreed that as of the date hereof the Company is not in the business of hauling gasoline or cryogenics) or the date of termination of the Employee’s employment with the Company (collectively, the “Company
Business”) within the United States, Canada, or Mexico; (ii) competes with the Company or any of its subsidiaries or participates as agent, employee, consultant, advisor, representative or otherwise in any enterprise which has any material
operations engaged in the Company Business within the United States, Canada or Mexico; (iii) competes with the Company or any of its subsidiaries or participates as a stockholder, partner, member or joint venture or, has any direct or indirect
financial interest in any enterprise which has any material operations engaged in the Company Business within the United States; or (iv) works for (as an employee, officer, consultant or otherwise) Cendian Corporation; provided, however, that
nothing contained herein shall prohibit the Employee from (A) owning, operating or managing any business, or acting upon any business opportunity, after obtaining approval of a majority of the Board and a majority of the independent members of the
Board (if any), (B) owning no more than five percent (5%) of the equity of any publicly traded entity with respect to which the Employee does not serve as an officer, director, employee, consultant or in any other capacity other than as an investor
or (C) except with respect to clause (iv), being employed by a business that engages in the Company Business but whose principal business is not the Company Business, if the Employee’s involvement is limited to those operations that are not the
Company Business. 
  
 The Employee acknowledges that irreparable
damage would occur in the event of a breach of these covenants by the Employee. It is accordingly agreed that, in addition to any other remedy to which it is entitled at law or in equity, the Company shall be entitled to an injunction or injunctions
to prevent such breaches and to enforce specifically the terms of such provisions. 
  
 If any provision hereof shall be adjudged by any court of competent jurisdiction to be invalid or unenforceable for any reason, such judgment shall not affect, impair or invalidate the remaining provisions.
Furthermore, if the scope of any restriction or requirement contained herein is too broad to permit enforcement of such restriction or requirement to its full extent, then such restriction or requirement shall be enforced to the maximum extent
permitted by law, and the Employee consents and agrees that any court of competent jurisdiction may so modify such scope in any proceeding brought to enforce such restriction or requirement. 
  

 EXHIBIT B 
  

Restrictive Covenant Agreement 
  
 ARTICLE I 
 CONFIDENTIALITY

  
 Confidentiality. As a material part of the consideration
for the Company’s commitment to the terms of the agreement (the “Agreement”) to which this Exhibit is attached, the Employee hereby agrees that the Employee will not at any time (whether during or after the Employee’s employment
with the Company), other than in the course of the Employee’s duties under the agreement, or unless compelled by lawful process after written notice to the Company of such notice along with sufficient time for the Company to try to overturn
such lawful process, disclose or use for the Employee’s own benefit or purposes or the benefit or purposes of any other person, firm, partnership, joint venture, association, company or other business organization, entity or enterprise, any
trade secrets, or other confidential data or information relating to customers, Trucking Affiliates, development programs, costs, marketing, trading, investment, sales activities, promotion, credit and financial data, financing methods, or plans of
the Company or any of its affiliates; provided, however, that the foregoing shall not apply to information which is generally known to the industry or the public, other than as a result of the Employee’s breach of this covenant. The Employee
further agrees that the Employee will not retain or use for his account, at any time, any trade names, trademark or other proprietary business designation used or owned in connection with the business of the Company or any of its affiliates.

  
 The Employee agrees not to delete or destroy any files or
customer information and will not create any disruption of the operation. 
  
 The Employee further agrees to return all hardware, software, office furniture and equipment immediately upon termination. 
  
 ARTICLE II 
 NON-SOLICITATION

  

	2.1	The Employee agrees that he will not, during the applicable term of the covenant set forth in the Non-Compete covenants in Exhibit A to the Agreement (the “Non-Solicitation
Expiration”), solicit or make any other contact with, directly or indirectly, any Trucking Affiliate, any customer of the Company or any of its subsidiaries with respect to the provision of any service to any such customer that is the same
or substantially similar to any service provided to such customer by the Company or any of its subsidiaries or any Trucking Affiliate. 

  

	2.2	The Employee agrees that he will not, prior to the Non-Solicitation Expiration, solicit or make any other contact regarding the Company or any of its subsidiaries or any Trucking
Affiliate with any union or similar organization which has a collective bargaining agreement, union contract or similar agreement with the Company or any Subsidiary or affiliate or any Trucking Affiliate or which is seeking to organize employees of
the Company or any Subsidiary or any Trucking Affiliate, with respect to any employee of 

 the Company or such union’s or similar organization’s relationship or arrangements with the
Company or any Subsidiary or any Trucking Affiliate. 
  

	2.1	The Employee agrees that he will not, prior to the Non-Solicitation Expiration, hire, solicit (other than through general solicitations such as “want ads” or Internet
postings) or make any other contact with, directly or indirectly, any employee or independent contractor (including, without limitation, any of the Company’s and its Trucking Affiliates’ truck drivers) of the Company or any of its
subsidiaries or affiliates or Trucking Affiliates (including all such persons who had such a relationship at any time starting with the three month period prior to the Effective Time) with respect to any employment services or other business
relationship. 

  
 ARTICLE III 
 NON-DISPARAGEMENT 
  
 The Employee agrees not to make or publish, or cause to be made or published, any statement or information that disparages, defames or in any way impugns
the reputation of the Company or any of its subsidiaries or affiliates or Trucking Affiliates, or any employees or representatives thereof, except to the extent necessary in connection with a termination without “good reason”. 

 
 The Company agrees not to make or publish, or cause to be made or
published, any statement or information that disparages, defames or in any way impugns the reputation of the Employee, except to the extent necessary in connection with a termination for “cause”. 
  
 ARTICLE IV 
 MISCELLANEOUS 
  

	4.1	Remedies 

  
 The parties acknowledge that irreparable damage would occur in the event of a breach of any of the provisions of this Exhibit. It is accordingly agreed
that, in addition to any other remedy to which they are entitled at law or in equity, the parties shall be entitled to an injunction or injunctions to prevent breaches of such sections of this Exhibit and to enforce specifically the terms and
provisions of such sections. 
  

	4.2	Jurisdiction and Governing Law 

  
 The parties agree that the Agreement and its Exhibits shall be governed in accordance with the laws of the State of Florida and the exclusive jurisdiction
for enforcement 
  

 - 2 - 

 thereof shall be the courts located in Tampa, Florida. 
  

	4.3	Severability 

  
 If any provision of the Agreement shall be adjudged by any court of competent jurisdiction to be invalid or unenforceable for any reason, such judgment
shall not affect, impair or invalidate the remainder of this Agreement. Furthermore, if the scope of any restriction or requirement contained in this Agreement is too broad to permit enforcement of such restriction or requirement to its full extent,
then such restriction or requirement shall be enforced to the maximum extent permitted by law, and the Employee consents and agrees that any court of competent jurisdiction may so modify such scope in any proceeding brought to enforce such
restriction or requirement. 
  

	4.4	Amendments 

  
 No change, alteration or modification hereof may be made except in a writing, signed by each of the parties hereto. 
  

	4.5	Interpretation 

  
 The heading in this Agreement are for convenience and reference only and shall not be construed as part of this Agreement or to limit or otherwise affect
the meaning hereof. This Agreement contains all of the terms and conditions agreed upon by the parties and no other agreements, oral or otherwise, exist or shall be binding upon the parties as to the subject matter hereof. 
  

	4.6	Affiliates 

  
 In this Exhibit Trucking Affiliate is defined to “affiliates” of the Company as that term is used in the Company’s business, and
“affiliate” is defined as a person controlled by, controlling or under common control with the applicable entity. 
  

 -3-

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