Document:

EX-10.1

Exhibit 10.1

SEVERANCE AGREEMENT AND RELEASE AND WAIVER OF CLAIMS

     This Severance Agreement and Release and Waiver of Claims (this “Agreement”) is made and
entered into as of this 27th day of February 2009, by and between Jerry Pientka
(hereinafter referred to as “Employee”) and First Industrial Investments, Inc. (hereinafter
referred to as “Employer”).

RECITALS

	A.	 	Employee has been employed by Employer.
	 
	B.	 	Employee’s employment with Employer will be terminated, effective February 27,
2009 (the “Termination Date”).
	 
	C.	 	The parties desire an amicable separation and to affect such desire Employer offers Employee
a severance package if Employee agrees to settle and compromise any and all claims and issues
Employee has, or may have, or may claim to have against Employer.

AGREEMENTS

     NOW, THEREFORE, in consideration of the recitals and the mutual covenants hereinafter set
forth, the parties hereto agree as follows:

Section 1. Termination of Employment. Employee’s employment with Employer is terminated,
effective February 27, 2009.

Section 2. Severance Payment. In consideration for the promises made in this Agreement,
Employer agrees to pay Employee a severance payment of $60,000.00 (the “Severance Payment”),
payable in one lump sum within ten (10) days following the Effective Date (as defined in Section 9
below). The Severance Payment is subject to all applicable reporting and deductions. Employee
expressly agrees, understands and acknowledges that some or all of the Severance Payment provided Employee under this Section 2
constitutes pay in excess of that to which a separated employee of Employer would be entitled
without entering into this Agreement. Employee acknowledges that the above pay, along with the
other promises set forth in this Agreement, are being provided by Employer as consideration for
Employee entering into this Agreement, including the release of claims and waiver of rights
provided for in Section 8.

Section 3. Bonus Payment. Employer agrees to pay the Employee a bonus payment in accordance
with Employee’s employment contract equal to $253,117, payable in one lump sum within ten (10) days
following the Effective Date (as defined in Section 9 below). The Bonus payment is subject to all
applicable reporting and deductions.

 

 

Section 4. HealthCare Coverage. For 3 month(s) beginning on March 1, 2009, Employer will
pay Employee’s COBRA premiums pertaining to coverage for the health and dental insurance benefit
programs in which Employee participated on the Termination Date, to the extent Employer’s insurer
permits. However, Employee agrees to immediately notify Employer if Employee obtains other
employment during the Benefit Period which offers health and dental insurance to Employee.
Employer’s obligation to continue COBRA premiums on behalf of Employee shall cease upon Employee’s
eligibility for health and dental insurance with Employee’s other employment.

Section 5. No Other Payments. Employee agrees that, other than the payments specified in
Sections 2 through 4 herein, Employee will not be entitled to, and will make no claims for, any
other payments. No additional Paid Time Off, or other benefits, shall accrue following the
Employee’s Termination Date.

Section 6. Vacation Pay and Expense Reimbursement. Employer agrees to pay Employee’s
accrued but not taken vacation pay and to reimburse Employee for all appropriate expense
reimbursements submitted in accordance with Employer’s policy regarding expense reimbursements.
Employee agrees to submit such expenses no later than March 13, 2009. Payment will be made on the
first regularly scheduled pay period following the Employee’s Termination Date.

Section 7. Employee Conduct. Employee agrees that, at all times following the signing of
this Agreement, Employee shall not engage in any vilification of or calumny against Employer, and
shall refrain from making any false, negative, critical or disparaging statements of any kind,
implied or expressed, concerning Employer, including, but not limited to, management style, methods
of doing business, the quality of products and services, role in the community, financial condition
or treatment of employees. Employee further agrees to do nothing that would damage Employer’s
business reputation or good will.

Section 8. Release of Claims and Waiver of Rights. In return for the receipt of the
entirety of the consideration described in Sections 2, and 3, Employee, for Employee and Employee’s
heirs, executors, spouse and administrators, hereby releases and forever discharges Employer, its
parent, affiliates, subsidiaries, members, predecessors and all other related business entities,
their past and present owners, officers, directors, agents, shareholders, attorneys and employees
from any and all claims or causes of action of any type arising out of Employee’s employment with Employer or the termination thereof that Employee
had or now has including, without limitation, claims arising under the Family and Medical Leave Act
(“FMLA”); Age Discrimination In Employment Act (“ADEA”); Title VII of the Civil Rights Act of 1964,
42 U.S.C. §§ 2000 et seq. (as amended) (“Title VII”); the Civil Rights Act of 1866,
42 U.S.C. § 1981; the Civil Rights Act of 1991, Pub. L. No. 102-166; the Occupational Safety and
Health Act; the Rehabilitation Act of 1973, 29 U.S.C. §§ 701, et seq.; the Equal
Pay Act; the Employee Retirement Income Security Act (“ERISA”); Federal Executive Order 11246; the
Americans With Disabilities Act (“ADA”); the Illinois Human Rights Act; the Cook

 

 

County Human Rights Ordinance; the Chicago Human Rights Ordinance; and/or any other federal, state or local
statute, law, ordinance, regulation or order, and/or the common law, including wrongful
termination, assault, battery, retaliatory discharge, or defamation. Employee agrees to release
and waive the right to file or participate as a class member in any claims or lawsuits against, and
agrees not to file any lawsuit, or take legal action against Employer, its parent, subsidiaries,
members, predecessors, affiliates and/or other related business entities, their past and present
owners, officers, directors, shareholders, agents, attorneys, or employees relating to claims
released by this Agreement or Employee’s employment with Employer. Employee agrees not to accept
any monetary compensation as a result of filing any charge against Employer, its parent,
subsidiaries, members, predecessors, affiliates and/or other related business entities, their past
and present owners, officers, directors, shareholders, agents, attorneys, or employees, and to not
accept any monetary compensation as a result of any third party filing any such charge against
Employer, its parent, subsidiaries, members, predecessors, affiliates and/or other related business
entities, their past and present owners, officers, directors, shareholders, agents, attorneys, or
employees. Employee warrants and represents that Employee has not filed or otherwise initiated
against Employer, its parents, subsidiaries, members, predecessors, affiliates and/or other related
business entities, their past and present owners, officers, directors, shareholders, agents,
attorneys, or employees any litigation, lawsuit, administrative charge or other action and that
none is so pending.

This Paragraph does not: (i) limit or proscribe Employee’s non-waivable right to file a charge
with the EEOC or other agency, if such waiver is prohibited by law; (ii) limit or proscribe
Employee’s non-waivable right to participate as a witness or cooperate in any investigation by the
EEOC or other agency, if such waiver is prohibited by law; (iii) apply to any claim arising out of
conduct occurring after the date this Agreement is signed; (iv) apply to any claim to enforce the
terms of this Release; or (v) apply to any claim to challenge the validity of this Agreement under
the ADEA.

Section 9. Representations by Employee. Employee warrants that Employee is legally
competent to execute this Agreement and that Employee has not relied on any statements or
explanations made by the Employer or its attorney. Moreover, Employee hereby acknowledges that
Employee has been advised to and afforded the opportunity to consult with legal counsel regarding
the terms of this Agreement, including the release of all claims and waiver of rights set forth in
Section 8. Employee acknowledges that Employee has been offered forty-five (45) days to consider
this Agreement. After having been so advised, and without coercion of any kind, Employee freely,
knowingly, and voluntarily enters into this Agreement. Employee further acknowledges that Employee
may revoke this Agreement within seven (7) days after execution and further understands that this
Agreement shall not become effective or enforceable until seven (7) days after execution (the “Effective Date”). Any revocation must be in writing and directed to John H.
Clayton, First Industrial Realty Trust, Inc., 311 South Wacker Drive, Suite 4000, Chicago, Illinois
60606. If sent by mail, any revocation must be postmarked within the 7-day period and sent by
certified mail, return receipt requested.

 

 

Section 10. No Admissions. Employer denies that it or any of its employees or agents has
taken any improper or illegal action against Employee, and Employee agrees that this Agreement
shall not be admissible in any proceeding as evidence of improper action by Employer or any of its
employees or agents.

Section 11. Confidentiality. Employee and Employer agree to keep the existence and the
terms of this Agreement confidential, except as may be required by law or in connection with the
preparation of tax returns.

Section 12. Non-Waiver. Employer’s waiver of a breach of this Agreement by Employee shall
not be construed or operate as a waiver of any subsequent breach by Employee of the same or of any
other provision of this Agreement.

Section 13. Choice of Law; Forum; Attorneys’ Fees. This Agreement is executed pursuant to
and is governed by the substantive law of Illinois without regard to choice-of-law principles. Any
action, dispute or litigation arising out of or relating to this Agreement shall be filed only in
the federal or state courts of the State of Illinois. The prevailing party in any such action
shall be entitled to his/her/its attorneys’ fees.

Section 14. Entire Agreement. This Agreement sets forth the entire agreement between the
parties and shall be final and binding as to all claims that have been or could have been advanced
on behalf of Employee pursuant to any claim arising out of or related in any way to Employee’s
employment with Employer and the termination of that employment.

Section 15. Ability to Revoke Agreement. The parties expressly recognize that this
Agreement will become irrevocable seven (7) days after its execution and non-revocation by Employee
per Section 9. In any action to enforce this Agreement, the terms of the Agreement shall be
binding, and the reneging party expressly and irrevocably waives any right to contest or
collaterally attack its terms on any basis, including, but not limited to, ignorance or mistake.

Section 16. Successors and Assigns. The parties agree that this Agreement shall be binding
upon them and inure to the benefit of Employee and Employer and their respective representatives,
heirs, successors and assigns. The parties agree that in the event that any claim, suit or action
shall be commenced by Employee, Employee’s heirs, executors, spouse, or administrators relating to
Employee’s employment with Employer or the termination thereof, this Agreement shall constitute a
complete defense to any such claims, suits or actions so instituted.

Section 17. Knowing and Voluntary. Employee represents further that Employee has read the
terms of this Agreement, and that Employee has had sufficient time to consider executing it; that
Employee knows and understands the rights that Employee is waiving and the terms and consequences
of Employee’s execution of this Agreement; that Employee executes this Agreement knowingly,
voluntarily, in good faith, with a

 

 

genuine intent to waive the rights identified herein; and that Employee has not been subjected to any
duress, coercion, fraud, overreaching, or exploitation.

Employee states that Employee has read and understands that this Agreement is meant as a general
release and waiver of claims, releasing Employer, its owners, predecessors, subsidiaries, parent,
affiliates and other related entities, their shareholders, members, employees, directors, agents
and attorneys, from any and all claims Employee may now have against them, that Employee
voluntarily agrees to the terms set forth herein, that Employee knowingly and willingly intends to
be legally bound by the same, that Employee was given adequate opportunity to consider the
Agreement, and that the terms and conditions hereof were determined by negotiation between Employee
and Employer.

Section 18. Severability. The parties also understand and agree that in the event any
provision of this Agreement is deemed to be invalid or unenforceable by any court, arbitrator, or
administrative agency of competent jurisdiction, or, in the event that any provision of the
Agreement cannot be modified or restricted so as to be valid and enforceable, then that provision
shall be deemed excised from the Agreement and the remaining provisions of the Agreement shall
remain in effect and be construed and enforced as if such provision had originally been
incorporated therein as so restricted or modified, or as if such provision had not originally been
contained therein, as the case may be.

Section 19. Disclosures. Schedule A, which is attached hereto, contains the ages and job
titles of the employees selected by Employer for termination as part of its reduction-in-force, the
employees not selected by Employer for termination and whether or not the terminated employees were
offered severance benefits. Schedule A also contains Employer’s criteria for selecting employees
for termination and its criteria for offering severance payments to the terminated employees.

READ CAREFULLY.

THIS DOCUMENT CONTAINS A GENERAL RELEASE OF ALL

KNOWN AND UNKNOWN CLAIMS

	 	 	 	 	 
	FIRST INDUSTRIAL INVESTMENTS, INC.	 	 
	 
	By:

	 	First Industrial Realty Trust, Inc.,	 	 
	 

	 	Its general partner	 	 
	 
	 	 	 	 
	By:

	 	/s/ John Potempa
	 	/s/ Jerry Pientka
	 

	 	 
	 	 
	 

	 	 
	 	Jerry Pientka 
	Title:

	 	HR Manager
	 	 
	 
	 	 	 	 
	Date:

	 	2/25/09
	 	Date: 2/27/09EX-10.5

Exhibit 10.5

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT

     This Amendment is made and entered into effective as of March 6, 2008 (the “Effective Date”),
between American Medical Systems, Inc., a Delaware corporation (the “Company”), and Ross A.
Longhini (the “Executive”).

R E C I T A L S

     WHEREAS, the Company and the Executive are parties to an Employment Agreement, dated as of
January 1, 2003 (the “Employment Agreement”); and

     WHEREAS, the parties hereto desire to amend the Employment Agreement to reflect as set forth
herein.

     NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained, the
parties hereto hereby agree as follows:

A. EMPLOYMENT AGREEMENT AMENDMENTS

	 	1.	 	Section 6(e) of the Employment Agreement is hereby amended in its entirety to
read as follows:

“(e) Payments.

     (1) In the event that the Executive’s employment terminates for any
reason, the Company shall pay to the Executive all amounts and benefits
accrued but unpaid hereunder through the date of termination in respect of
Salary or unreimbursed expenses, including accrued and unused vacation.

     (2) In the event the Executive’s Termination of Employment (defined
below) by the Company without Cause, whether during or upon expiration of
the then current term of this Agreement, and Executive executes (and does
not revoke within the relevant statutory periods) a Release and Separation
Agreement in the form provided by the Company, then in addition to the
amounts specified in the foregoing clause (1), (i) the Company shall
continue to pay the Executive his Salary (less any applicable withholding or
similar taxes) at the rate in effect hereunder on the date of such
termination periodically, in accordance with the Company’s prevailing
payroll practices, for a period of twelve (12) months following the date of
such termination (the ‘Severance Term’) and (ii) if the Executive elects
COBRA continuation coverage under the Company’s group medical and/or dental
plans, then for each month of the Severance Term, the Company will pay or
reimburse the Executive an amount equal to the excess of (A) the portion of
the monthly cost for the Executive’s coverage under the Company’s group
health and/or dental plans that was borne by the Company immediately prior
to the Executive’s Termination of Employment (subject to the rule for
coverage changes discussed below) over (B) the portion of the monthly cost
for the Executive’s coverage under the Company’s group health and/or dental
plans that is borne by the Company during the Severance Term. The
Executive’s coverage will be deemed to include any Company contribution to a
‘health savings account’ (or similar arrangement) for the Executive. If the
level of the Executive’s coverage changes during the Severance Term, as, for
example, from single to family coverage or to no coverage, the amount will
be determined as if the new coverage level had been the level of coverage in
effect immediately prior to the Termination of Employment. The Executive
shall be entitled to elect health care continuation coverage under the
Company’s group health and/or dental plans for up to 12 months beyond the
end of the 18-month COBRA period if he or she has not become eligible to
participate as an employee in a plan of another employer providing group
health and dental benefits to the Executive and the Executive’s eligible
family members and dependents, which plan does not contain any exclusion or
limitation with respect to any pre-existing condition of the Executive or
any eligible family member or dependent who would otherwise be covered under
the Company’s plan but for this

 

 

clause. If COBRA continuation coverage is not available to the
Executive during any portion of the Continuation Period (other than by
reason of his or her failure to elect COBRA continuation coverage or to pay
the required premiums for such coverage), the Company will provide
comparable medical benefits pursuant to an alternative arrangement, such as
an individual medical insurance contract, and such alternative benefits will
be treated as part of the Company’s health and/or dental plan. Any
reimbursement made under this Section 6(e)(2) shall be made on or before the
last day of the calendar year following the calendar year in which the
expense was incurred.

     (3) Further, in the event the Executive’s Termination of Employment
without Cause by reason of the Company having notified the Executive that
this Agreement will not be extended pursuant to Section 2, the Executive
shall be entitled to receive a pro-rated amount of the Bonus in a lump sum
based on the Executive’s period of employment during the calendar year in
which such termination occurs (less any applicable withholding or similar
taxes), which Bonus shall be paid following the end of the calendar year.

     (4) In the event the Executive accepts other employment or engages in
his own business prior to the last date of the Severance Term, the Executive
shall forthwith notify the Company and the Company shall be entitled to set
off from amounts and benefits due the Executive under Section 6(e)(2) and
(3) the amounts paid to and benefits received by the Executive in respect of
such other employment or business activity.

     (5) Amounts owed by the Company in respect of the Salary, Bonus or
reimbursement for expenses under the provisions of Section 5 hereof shall,
except as otherwise set forth in this Section 6(e), be paid promptly upon
any termination, but not more than 90 days following such termination.

     (6) The payments and benefits to be provided to the Executive as set
forth in this Section 6(e) in the event the Executive’s employment is
terminated by the Company without Cause: (i) shall be lieu of any and all
benefits otherwise provided under any severance pay policy, plan or program
maintained from time to time by the Company for its employees, and (ii)
shall not be paid to the extent that Executive’s employment is terminated
following a ‘change in control’ under circumstances entitling the Executive
to benefits under his Change in Control Severance Agreement.

     (7) Notwithstanding the foregoing, if, at the time of his or her
Termination of Employment, the Executive is a ‘specified employee’ (defined
below), and the Company reasonably determines that any salary continuation
payment due under Section 6(e)(2) and (3) constitutes deferred compensation
subject to the requirements of Code Section 409A, then such payments shall
be suspended and not made until the first day after the end of the six (6)
month period following the Executive’s Termination of Employment, or, if
earlier, upon the Executive’s death. If any such suspended payment is not
made within 10 days of the end of such six month period, the Company will
pay the Executive interest, equal to the applicable Federal rate in effect
for each month, from the date of Termination of Employment through the date
of payment. The Executive is a ‘Specified Employee’ if on the date
of his or her Termination of Employment he or she is a ‘key employee’
(defined below), and the Company or any entity that owns 50% or more of the
Company and has stock that is publicly traded on an established securities
market within the meaning of such term under Section 409A(a)(2)(B) of the
Code. For this purpose, Executive is a ‘key employee’ during the 12-month
period beginning on the April 1 immediately following a calendar year, if he
or she was employed by the Company (or any other entity with whom the
Company would be treated as a single employer under Section 414(b) or 414(c)
of the Code) and satisfied, at any time during such preceding calendar year,
the requirements of Section 416(i)(1)(A)(i), (ii) or (iii) of the Code
(applied in accordance with the regulations issued thereunder and
disregarding Section 416(i)(5) of the Code). The Executive will not be
treated as a Specified Employee if he or she is

 

 

not required to be treated as a Specified Employee under Treasury
regulations issued under Section 409A of the Code.

     (8) When used in this Agreement, ‘Termination of Employment’ means a
termination of Executive’s employment relationship with the Company and all
Affiliates or such other change in the Executive’s employment relationship
with the Company and all Affiliates that would be considered a ‘separation
from service’ under Section 409A of the Code. The Executive’s employment
relationship will be treated as remaining intact while the Executive is on a
military leave, a sick leave or other bona fide leave of absence (pursuant
to which there is a reasonable expectation that the Executive will return to
perform services for the Company or an Affiliate) but only if the period of
such leave does not exceed six (6) months, or if longer, so long as the
Executive retains a right to reemployment by the Company or an Affiliate
under applicable statute or by contract, provided, however, where the
Executive’s leave is due to any medically determinable physical or mental
impairment that can be expected to result in death or can be expected to
last for a continuous period of not less than six (6) months and such
impairment causes the Executive to be unable to perform the duties of his or
her position of employment or any substantially similar position of
employment, a twenty-nine (29) month period of absence shall be substituted
for such six (6) month period of absence. In all cases, the Executive’s
Termination of Employment must constitute a ‘separation from service’ under
Section 409A of the Code and any ‘separation from service’ under Section
409A of the Code shall be treated as a Termination of Employment. For this
purpose, ‘Affiliate’ means any entity that, together with the Company, is
treated as a single employer under Code Section 414(b) or (c).”

	2.	 	Sections 6(f) and (g) of the Employment Agreement are deleted and Section 6(h) is
redesignated as 6(f) and amended and restated to read as follows:

“(f) Survival of Operative Sections. Upon any termination of the
Executive’s employment, the provisions of Sections 6(e) and 7 through 18 of this
Agreement shall survive to the extent necessary to give effect to the provisions
thereof.”

B. MISCELLANEOUS

	 	1.	 	No Other Amendment. Except as set forth herein, the Employment Agreement
shall remain in full force and effect in accordance with its terms.

	 
	 	2.	 	Definitions. All capitalized terms that are not defined herein shall be
as defined in the Employment Agreement.

	 
	 	3.	 	Counterparts. This Amendment may be executed in one or more
counterparts, each of which shall be deemed an original and all of which together shall
be considered one and the same agreement. Facsimile execution and delivery of this
Agreement shall be legal, valid and binding execution and delivery for all purposes.

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

	 	 	 	 	 	 	 
	 	 	AMERICAN MEDICAL SYSTEMS, INC.	 	 

	 
	 	 
	 	 
	 	 

	 

	 	By:

Name:

	 	/s/ Janet L. Dick

 

Janet L. Dick
	 	 

	 

	 	Title:

	 	Senior Vice President, Human Resources
	 	 

	 
	 	 
	 	 
	 	 

	 	 	EXECUTIVE	 	 

	 
	 	 
	 	 
	 	 

	 	 	/s/ Ross Longhini	 	 

	 	 	   	 	 

	 	 	Ross A. Longhini

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00154-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00154-of-00352.parquet"}]]