Document:

EX-10.53

 Exhibit 10.53 

RESTRICTED STOCK GRANT AGREEMENT 

PURSUANT TO BURLINGTON HOLDINGS, INC. 

2006 MANAGEMENT INCENTIVE PLAN 

THIS AGREEMENT (the “Agreement”) is entered into as of _________________between Burlington Stores, Inc. (formerly Burlington
Holdings, Inc.), a Delaware corporation (the “Company”), and _____________ (the “Participant”). Capitalized terms not otherwise defined herein shall have the meaning set forth in the Burlington Holdings, Inc. 2006 Management
Incentive Plan (as amended and restated, the “Plan”). 
 Recitals 

WHEREAS, the Participant is an employee of Burlington Stores, Inc.; 

WHEREAS, a predecessor to the Company, Burlington Coat Factory Holdings, Inc., has adopted the 2006 Management Incentive Plan (as amended and
restated, the “Plan”) providing for the grant under certain circumstances of certain equity incentive awards, including shares of Restricted Stock, and the Company as assumed the Plan and all awards granted thereunder; 

WHEREAS, the Company, under the terms and conditions set forth below, desires to grant Participant an Award of Restricted Stock (the
“Award”) pursuant to the terms set forth in the Plan; and 
 WHEREAS, in consideration of the grant of the Award and other
benefits, the Participant is willing to accept the Award provided for in this Agreement and is willing to abide by the obligations imposed on him under this Agreement and the Plan. 

Provisions 
 NOW,
THEREFORE, in consideration of the mutual benefits hereinafter provided, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties, the Company and the Participant, intending to be legally
bound, hereby agree as follows: 
 1. Restricted Stock Award. The Company hereby grants to the Participant, subject to the terms and
conditions set forth or incorporated herein, an Award consisting of a total of __________ shares of Common Stock, subject to adjustment under the Plan (the “Shares”). Upon the execution and delivery of this Agreement, the Company will,
subject to Section 5 below, issue to the Participant the Shares granted hereunder, and such Shares shall constitute Restricted Stock pursuant to the Plan. 

2. Effect of the Plan. The Award granted under this Agreement is subject to all of the terms and conditions of the Plan, which are
incorporated by reference and made a part of this Agreement. The Participant will abide by, and the Award granted to the Participant will be subject to, all of the provisions of the Plan and of this Agreement, together with all rules and
determinations from time to time issued by the Committee established to administer the Plan. 

 3. Restriction Period. The restriction period applicable to the Award granted hereunder is
as follows: 
  

	 	(a)	All Shares shall be unvested at issuance. Subject to Section 3(b) below, 25% of the Shares shall vest on each of the first, second, third and fourth anniversary date of this Agreement (or the following business day
if such date is not a business day) if the Participant remains continuously employed by the Company on such date. 

  

	 	(b)	Following a “Change of Control” (as defined herein), vesting of unvested Shares shall not accelerate by reason of such Change of Control; provided, however, that 100% of the Shares shall vest if, following a
Change of Control, the employment of the Participant is terminated by the Company or by the Subsidiary without Cause, or the Participant resigns with Good Reason. 

 

	 	(c)	All unvested Shares shall automatically be forfeited (and shall not vest) if the Participant’s employment with the Company shall terminate for any reason (other than as provided in Section 3(b) above in the
case of termination by the Company without Cause or by the Participant for Good Reason following a Change in Control) prior to the earlier of the date on which they otherwise would have vested pursuant to Section 3(a) above. 

 

	 	(d)	Participant shall be entitled to receipt of all dividends paid by the Company on its Shares, as and when such dividends are declared and paid to holders of Shares; provided, any dividends on unvested Shares shall be
held and paid to Participant within 10 days after the vesting of such Shares after becoming vested. 

 4. Withholding
Taxes. The Administrator may make such provision for any applicable federal or state the withholding obligations of the Company pursuant to Section 6(a)(4) of the Plan. In addition, at least sixty (60) days prior to the time of vesting
of any Shares granted under this Agreement, the Company will give notice thereof to the Participant. Participant shall deliver to the Company an amount in cash sufficient to satisfy all United States federal, state and local and non-United States
tax of any kind (including Participant’s FICA and SDI obligations) which the Board, in its sole discretion, deems necessary to be withheld or remitted with respect to the Shares in order to comply with the U.S. Internal Revenue Code of 1986, as
amended, and/or any other applicable law, rule or regulation (the “Minimum Withholding Tax”). Alternatively, at the Participant’s election, exercisable on or before ten (10) days prior to the date of vesting of such Shares, the
Company shall have the right and power to deduct or withhold a number of Shares having a fair market value (as determined by the Board of Directors of the Company as of the date of vesting thereof) equal to the Minimum Withholding Tax; provided,
however, that such option to shall be deemed to have been exercised in the case of accelerated vesting pursuant to Section 3(b) in the case of termination of Participant’s employment by the Company or the Subsidiary or by the Participant
for Good Reason following a Change of Control. Participant shall remain responsible for the payment of any remaining taxes payable on account of the vesting of Shares. 

  
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 5. Delivery of Stock. Shares granted pursuant to this Agreement will be held in escrow by
the Company on the Participant’s behalf during any period of restriction thereon and will bear an appropriate legend specifying the applicable restrictions thereon. Whenever Shares subject to the Award are released from restriction, the Company
shall issue such unrestricted Shares. The Company shall follow all requisite procedures to deliver such Shares to Participant; provided, however, that such delivery may be postponed to enable the Company to comply with applicable procedures,
regulations or listing requirements of any governmental agency, stock exchange or regulatory agency. Alternatively, at the Company’s discretion, shares may be held by the Company or its transfer agent on the Participant’s behalf in book
entry form. 
 6. Transferability of Award. This Award may only be transferred by will, and by the laws of descent and distribution.
The terms of this Award, including the restriction and vesting provisions set forth in Section 3, shall be binding upon the executors, administrators, successors and assigns of the Participant. 

7. Adjustment Upon Changes in Shares. In the event of a change in the Company’s capital structure, the adjustments provided for in
Section 7(b) of the Plan shall be made to the number of Shares subject to the Award hereunder. 
 8. Section 83(b)
Election. Participant agrees to inform the Company promptly, and provide a copy of the election filed by the Participant with the Internal Revenue Service, if the Participant makes an election under Section 83(b) of the Code to treat any
portion of this Award as taxable compensation prior to the time the restrictions are removed from the Shares subject to this Award. 
 9.
Amendments; Termination of Plan. The Administrator may amend this Award or terminate the Plan in accordance with Section 9 of the Plan. 

10. Interpretation; Definitions. Any dispute regarding the interpretation of this Award shall be submitted by Participant or the
Company to the Administrator, which shall review such dispute at its next regular meeting. The resolution of such a dispute by the Administrator shall be final and binding on the Company and on the Participant. 

The following terms shall have the following meanings: 

“Change of Control” shall mean the occurrence of (a) any consolidation or merger of the Company with or into any other
corporation or other Person, or any other corporate reorganization or transaction (including the acquisition of capital stock of the Company), whether or not the Company is a party thereto, in which the stockholders of the Company immediately prior
to such consolidation, merger, reorganization or transaction, own capital stock either (i) representing directly, or indirectly through one or more entities, less than fifty percent (50%) of the economic interests in or voting power of the
Company or other surviving entity immediately after such consolidation, merger, reorganization or transaction or (ii) that does not directly, or indirectly through one or more entities, have the power to elect a majority of the entire board of
directors of the Company or other surviving entity immediately after such consolidation, merger, reorganization or transaction, (b) any transaction or series of related transactions, whether or not the Company is a party thereto, after giving
effect to which in excess 

  
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of fifty percent (50%) of the Company’s voting power is owned directly, or indirectly through one or more entities, by any Person and its “affiliates” or
“associates” (as such terms are defined in the rules adopted by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as in effect from time to time); or (c) a sale, lease or other disposition of all or
substantially all of the assets of the Company. 
 “Person” shall mean any individual, partnership, corporation, company,
association, trust, joint venture, limited liability company, unincorporated organization, entity or division, or any government, governmental department or agency or political subdivision thereof. 

11. Notices. All notices to the Company must be in writing, addressed and delivered or mailed to 1830 Route 130 North, Burlington, NJ
08016, Attention: General Counsel. All notices to the Participant must be in writing addressed and delivered or mailed to Participant at the address shown on the records of the Company. 

12. Governing Law; Severability. This Agreement, and all determinations made and actions taken pursuant thereto, shall be governed
under the laws of the State of Delaware. If any part of this Agreement shall be determined to be invalid or unenforceable, such part shall be ineffective only to the extent of such invalidity or unenforceability, without affecting the remaining
portions hereof. 
 13. Non-Compete, Non-Solicitation; Confidentiality. 

 

	 	(a)	In further consideration of the Award granted to Participant hereunder, Participant acknowledges and agrees that during the course of Participant’s employment with the Company and its subsidiaries Participant shall
become familiar, and during Participant’s employment with the predecessors of the Company and its subsidiaries, Participant has become familiar, with the Company’s trade secrets and with other confidential information and that
Participant’s services have been and shall be of special, unique and extraordinary value to the Company and its subsidiaries, and therefore, Participant agrees that, during his or her employment with the Company and its subsidiaries and, if the
Participant terminates his or her employment with the Company and its subsidiaries for any reason, for a period of one year thereafter (the “Non-Compete Period”), Participant shall not directly or indirectly (whether as an owner, partner,
shareholder, agent, officer, director, employee, independent contractor, consultant or otherwise) own any interest in, operate, invest in, manage, control, participate in, consult with, render services for (alone or in association with any person or
entity), in any manner engage in any business activity on behalf of a Competing Business within any geographical area in which the Company or its subsidiaries currently operates or plans to operate. Nothing herein shall prohibit Participant from
being a passive owner of not more than 2% of the outstanding stock of any class of a corporation which is publicly traded, so long as Participant has no active participation in the business of such corporation. For purposes of this paragraph,
“Competing Business” means each of the following entities, together with their respective subsidiaries and affiliates: TJ Maxx, Marshall’s, Ross Stores, Steinmart, Century 21, Forman Mills, and Schottenstein Stores. 

  
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	 	(b)	During the Non-Compete Period, Participant shall not, directly or indirectly, and shall ensure that any person or entity controlled by Participant does not, (i) induce or attempt to induce any employee of the
Company or any subsidiary to leave the employ of the Company or such subsidiary, or in any way interfere with the relationship between the Company or any subsidiary and any employee thereof, (ii) hire, directly or through another person, any
person (whether or not solicited) who was an Participant of the Company or any subsidiary at any time within the one year period before Participant’s termination from employment, (iii) induce or attempt to induce any customer, supplier,
licensee, licensor, franchisee or other business relation of the Company or any subsidiary to cease doing business with the Company or such subsidiary, assist any Competing Business or in any way interfere with the relationship between any such
customer, supplier, licensee or business relation and the Company or any subsidiary (Participant understands that any person or entity that Participant contacted during the one year period prior to the date of Participant’s termination of
employment for the purpose of soliciting sales from such person or entity shall be regarded as a “potential customer” of the Company and its subsidiaries as to whom the Company has a protectible proprietary interest) or (iv) make or
solicit or encourage others to make or solicit directly or indirectly any defamatory statement or communication about the Company or any of its subsidiaries or any of their respective businesses, products, services or activities (it being understood
that such restriction shall not prohibit truthful testimony compelled by valid legal process). 

  

	 	(c)	 Participant acknowledges and agrees that the information, observations and data (including trade secrets) obtained by Participant while employed by
the Company and its Subsidiaries concerning the business or affairs of the Company and its Subsidiaries are the confidential information (“Confidential Information”), and the property, of the Company and/or its Subsidiaries. Without
limiting the foregoing, the term “Confidential Information” shall be interpreted as broadly as possible to include all observations, data and other information of any sort that are (i) related to any past, current or potential
business of the Company or any of its Subsidiaries or any of their respective predecessors, and any other business related to any of the foregoing, and (ii) not generally known to and available for use by those within the line of business or
industry of the Company or by the public (except to the extent such information has become generally known to and available for use by the public as a direct or indirect result of Participant’s acts or omissions) including all (A) work
product; (B) information concerning development, acquisition or investment opportunities in or reasonably related to the business or industry of the Company or any of its Subsidiaries of which Participant is aware or becomes aware during the
term of his employment; (C) information identifying or otherwise concerning any current, former or prospective suppliers, distributors, contractors, agents or customers of the Company or any of its Subsidiaries; (D) development,
transition, integration and transformation plans, methodologies, processes and methods of doing business; 

  
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(E) strategic, marketing, promotional and financial information (including all financial statements), business and expansion plans, including plans and information regarding planned, projected
and/or potential sales, pricing, discount and cost information; (F) information identifying or otherwise concerning Participants, independent contractors and consultants; (G) information on new and existing programs and services, prices,
terms, and related information; (H) the terms of this Agreement; (I) all information marked, or otherwise designated, as confidential by the Company or any of its Subsidiaries or which Participant should reasonably know is confidential or
proprietary information of the Company or any of its Subsidiaries; (J) all information or materials similar or related to any of the foregoing, in whatever form or medium, whether now existing or arising hereafter (and regardless of whether
merely stored in the mind of Participant or Participants or consultants of the Company or any of its Subsidiaries, or embodied in a tangible form or medium); and (K) all tangible embodiments of any of the foregoing. 

 

	 	(d)	Therefore, Participant agrees that, except as required by law or court order, including, without limitation, depositions, interrogatories, court testimony, and the like (and in such case provided that Participant must
give the Company and/or its Subsidiaries, as applicable, prompt written notice of any such legal requirement, disclose no more information than is so required and seek, at the Company’s sole cost and expense, confidential treatment where
available and cooperate fully with all efforts by the Company and/or its Subsidiaries to obtain a protective order or similar confidentiality treatment for such information), Participant shall not disclose to any unauthorized person or entity or use
for Participant’s own purposes any Confidential Information without the prior written consent of the Company’s Board of Directors, unless and to the extent that the Confidential Information becomes generally known to and available for use
by the public other than as a direct or indirect result of Participant’s acts or omissions. Participant shall deliver to the Company at the termination of Participant’s employment, or at any other time the Company may request, all
memoranda, notes, plans, records, reports, computer tapes, printouts and software and other documents and data (and copies thereof) embodying or relating to the Confidential Information (including any work product) or the business of the Company and
its Subsidiaries which Participant may then possess or have under Participant’s control and if, at any time thereafter, any such materials are brought to Participant’s attention or Participant discovers them in his possession or control,
Participant shall deliver such materials to the Company immediately upon such notice or discovery. 

 14. Enforcement.

  

	 	(a)	 Participant acknowledges and agrees that the Company entered into this Agreement in reliance on the provisions of Section 13 and the enforcement
of this Agreement is necessary to ensure the preservation, protection and continuity of the business of the Company and its subsidiaries and other Confidential Information and goodwill of the Company and its subsidiaries to the extent and

  
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for the periods of time expressly agreed to herein. Participant acknowledges and agrees that he has carefully read this Agreement and has given careful consideration to the restraints imposed
upon Participant by this Agreement, and is in full accord as to their necessity for the reasonable and proper protection of confidential and proprietary information of the Company and its subsidiaries now existing or to be developed in the future.
Participant expressly acknowledges and agrees that each and every restraint imposed by this Agreement is reasonable with respect to subject matter, time period and geographical area. 

 

	 	(b)	Notwithstanding any provision to the contrary herein, the Company or its subsidiaries may pursue, at its discretion, enforcement of Section 13 in any court of competent jurisdiction (each, a “Court”).

  

	 	(c)	Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or
unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision or any other jurisdiction, but this Agreement shall be reformed, construed and
enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been contained herein. More specifically, if any Court determines that any of the covenants set forth in Section 13 are overbroad or unreasonable
under applicable law in duration, geographical area or scope, the parties to this Agreement specifically agree and authorize such Court to rewrite this Agreement to reflect the maximum duration, geographical area and/or scope permitted under
applicable law. 

  

	 	(d)	Because Participant’s services are unique and because Participant has intimate knowledge of and access to confidential information and work product, the parties hereto agree that money damages would not be an
adequate remedy for any breach of Section 13, and any breach of the terms of Section 13 would result in irreparable injury and damage to the Company and its subsidiaries for which the Company and its subsidiaries would have no adequate
remedy at law. Therefore, in the event of a breach or threatened breach of Section 13, the Company or its successors or assigns, in addition to any other rights and remedies existing in their favor at law or in equity, shall be entitled to
specific performance and/or immediate injunctive or other equitable relief from a Court in order to enforce, or prevent any violations of, the provisions hereof (without posting a bond or other security), without having to prove damages. The terms
of this Section 14 shall not prevent the Company or any of its subsidiaries from pursuing any other available remedies for any breach or threatened breach of this Agreement, including the recovery of damages from Participant. 

[Remainder of page intentionally left blank.] 

[Signature page follows.] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the
date first above written. 
  

			
	BURLINGTON STORES, INC.
		
	By:		 

 
			
	Name:		 

 
			
	Title:		 

 ACCEPTANCE 

Participant hereby acknowledges receipt of a copy of the Plan, represents that Participant has read and understands the terms and provisions thereof, and
accepts this Award subject to all the terms and conditions of the Plan and this Agreement. Participant acknowledges that there may be adverse tax consequences associated with this Award or disposition of the Shares associated with this Award and
that Participant should consult a tax adviser. 
  

	
	
	   

	ParticipantSeparation and release letter agreement

 Exhibit 10.1 
  

 
 March 20, 2015 

By Hand Delivery 
 Peter G. Abram, Jr. 

921 Sweetwater Club Blvd. 
 Longwood, FL 32779 

Dear Mr. Abram: 
 By signing below, this
letter will become an Agreement between you and FARO Technologies, Inc. (“FARO”) regarding the terms of your separation from employment with FARO. 

1. FARO has accepted your resignation effective March 20, 2015. 

2. You will be paid for all outstanding wages earned since your last paycheck through and including the effective date of your resignation,
less customary and applicable payroll deductions. As consideration for this Agreement, FARO agrees to pay you an aggregate amount of One Hundred Twenty-Two Thousand Seven Hundred and Forty-Four Dollars ($122,744.00), less customary and applicable
payroll deductions, under FARO’s 2014 Short-Term Incentive Plan, which represents 91.6% of your target bonus opportunity for 2014. 

3. As additional consideration for this Agreement, you will be paid a lump sum amount of $140,898.32, less customary and applicable payroll
deductions, which represents all potentially outstanding equity awards, including but not limited to any grants of stock options or restricted stock units under FARO’s 2009 Equity Incentive Plan or 2014 Incentive Plan. 

4. As additional consideration for this Agreement, provided that you timely elect continuation of medical benefits pursuant to COBRA, and do
not become eligible for medical benefits under any other employer plan, FARO will reimburse you the monthly COBRA payment which you make, for a period not to exceed six (6) months and will pay you for all accrued but unused PTO days through
March 20, 2015. (The benefits described in this paragraph and the bonus consideration referenced in Paragraph 2 and the payment referenced in Paragraph 3 shall be referred to as the “Consideration”). You acknowledge and agree that the
Consideration is in addition to, and in excess of, all amounts that you claim you are owed. FARO’s agreement to provide all of the Consideration is specifically contingent upon you executing this Agreement and not revoking the Agreement, as set
forth in Paragraph 11 below. To the extent the Consideration becomes payable pursuant to the terms of this Agreement, FARO will pay you the Consideration within fourteen (14) days after this Agreement becomes

 
effective (as described below). You confirm and agree that other than the payments and Consideration referenced in this Agreement, you are not entitled to any other wages, benefits,
reimbursements, payments or other compensation of any type as a result of your employment with FARO. 
 5. You will receive by separate
letter information regarding your rights for health insurance and COBRA. To the extent that you have such rights, nothing in this Agreement will change or impair those rights. 

6. In return for the Consideration in Paragraphs 2, 3 and 4, you fully and forever discharge and release FARO, its parent, subsidiaries,
and affiliates, and each of their respective officers, directors, managers, employees, agents, attorneys and successors and assigns (collectively referred to as “the FARO Companies”) from any and all claims or causes of action, known or
unknown, for relief of any nature, arising on or before the date you sign this Agreement, which you now have or claim to have or which you at any time prior to signing this Agreement had, against the FARO Companies, including, but in no way limited
to: any claim arising from or related to your employment by FARO or the termination of your employment with FARO, including but not limited to any claim under the Age Discrimination in Employment Act (“ADEA”), the Older Workers Benefit
Protection Act (“OWBPA”), Title VII of the Civil Rights Act of 1964, as amended, 42 U.S.C. § 1981, the Americans With Disabilities Act (“ADA”), the Family and Medical Leave Act (“FMLA”), the Employee Retirement
Income Security Act (“ERISA”), the Equal Pay Act (“EPA”), the Occupational Safety and Health Act (“OSHA”), the Florida Civil Rights Act and any and all other local, state, and federal law claims arising under statute or
common law. You also agree not to file a lawsuit against any of the FARO Companies in connection with such released claims. You agree that if anyone makes a claim or undertakes an investigation involving you in any way, you waive any and all rights
and claims to financial recovery resulting from such claim or investigation. You further represent that you have not assigned to any other person any of such claims, and that you have the full right to grant this release. It is agreed that this is a
general release and it is to be broadly construed as a release of all claims, except those that cannot be released by law. By signing this Agreement, you acknowledge that you are doing so knowingly and voluntarily, that you understand that you may
be releasing claims you may not know about, and that you are waiving all rights you may have had under any law that is intended to protect you from waiving unknown claims. 

7. You represent and warrant that you have returned to the FARO Companies all of their property, including all computers, printers, and
computer-related equipment, and all copies of all software and documents in your possession, custody and control, including without limitation all source and object code, artwork, storyboards, graphics, game content, and any information you have
about FARO practices, procedures, trade secrets, customer lists, price lists, product marketing, personnel, staffing, salaries and wages. 

 8. You agree not to disparage the FARO Companies. This includes, but is not limited to,
disparaging comments, social media posts, correspondence, or conversation with any and all persons, whether intended to be public or private. In response to inquiries from third parties, you and FARO shall confirm only that you separated from FARO
on mutually acceptable terms. You agree that FARO also may confirm to third parties your dates of employment, title, and position(s). 
 9.
Obligations regarding confidential information: 
 a. You agree that your obligations to the Company regarding confidential information
continue. 
 b. You agree that you will not disclose or otherwise communicate to any person the terms and/or circumstances of this
Agreement, including but not limited to the benefit being paid under it or the fact of such payment, except that you may disclose this information to your spouse, and to your attorney, accountant or other professional advisor to whom you must make
the disclosure in order for them to adequately provide professional services to you. You will instruct them, however, to maintain the confidentiality of this information just as you must. 

c. Notwithstanding the foregoing obligations and restrictions regarding confidential information, nothing in this Agreement shall prohibit or
restrict you from: (1) making any disclosure of information required by law, court order or subpoena (provided that you first provide FARO with prior notice of the contemplated disclosure and cooperate with FARO in seeking a protective
order or other appropriate protection of such information); (2) filing an administrative charge with any local, state, or federal administrative agency with jurisdiction to receive and investigate claims under applicable law, although you do
waive and release your right to recover any monetary or other damages under such applicable law, including but not limited to compensatory damages, punitive damages, liquidated damages, or attorneys’ fees and costs; or (3) providing
information to, cooperating or assisting with any investigation or proceeding brought by a federal, state or local law enforcement agency, regulatory or governmental body, or judicial authority. 

10. You acknowledge that the provisions of Paragraphs 7 through 9 are of unique and substantial value to FARO, that damages to FARO or to the
FARO Companies for breach of Paragraphs 7 through 9 would be difficult to ascertain, and that in the event you breach any of the provisions of Paragraph 7 through 9, FARO shall have the right to immediately obtain an injunction or decree of specific
performance from any court of competent jurisdiction to restrain you from violating such provisions or to compel you to perform such undertakings or agreements. If FARO must institute a proceeding to enforce this Agreement against you, FARO shall be
entitled to recover from you its attorneys’ fees and all other associated costs and expenses. If any violation occurs by you, and regardless of whether FARO obtains legal or equitable relief against you, you agree that you will remain subject
to all of the terms of this Agreement. 

 11. The offer embodied in this Agreement shall remain open and capable of acceptance by you until
April 10, 2015, after which time the offer shall be revoked. You acknowledge that you have been given at least 21 calendar days from the date of this letter to and accept the terms of this Agreement, although you may accept it at any time
within those 21 days. You are advised to consult an attorney about the Agreement prior to executing it. To accept the Agreement, please date and sign this letter and return it to me such that I receive it on or before April 10, 2015. After you
sign this Agreement, you will still have an additional 7 days in which to revoke your acceptance. To revoke, you must notify me in writing delivered via hand delivery or certified mail, return receipt requested, and I must receive such written
notification before the end of the 7-day revocation period. If you do not sign this Agreement within the 21-day period, or if you timely revoke this Agreement during the 7-day revocation period, this Agreement will not become effective and you will
not be entitled to the Consideration provided for in Paragraphs 2, 3 and 4. 
 12. This Agreement shall not in any way be construed as an
admission by the FARO Companies of wrongdoing or liability or that you have any rights against any of these persons. 
 13. The provisions
of this Agreement shall be construed according to the laws of Florida, without regard to its conflicts of law provisions. 
 14. With the
exception of the release contained in Paragraph 6, the provisions of this Agreement are severable and if any part of it is found to be unenforceable the other paragraphs shall remain fully and validly enforceable. The language of all valid parts of
this Agreement shall in all cases be construed as a whole, according to fair meaning, and not strictly for or against any of the parties. 

15. You acknowledge that this Agreement and the New Product Development Confidentiality Notice, Patent and Confidentiality Agreement, and
Non-Competition and Non- Solicitation Addendum to Patent and Confidentiality Agreement you signed as a condition to employment (the “Covenant Agreements”) represent the sole, complete, and entire agreement between you and FARO regarding
the subject matters discussed in this letter. You further acknowledge you have not relied on any representation, communication or statement, written or oral, not set forth in this Agreement. This Agreement supersedes and/or modifies any and all
prior agreements, correspondence or communications between you and FARO and Representatives, except the Covenant Agreements, which shall remain in full force and effect in accordance with their terms. This Agreement may be amended only by a written
document signed by both you and an authorized representative of FARO. 

 16. This Agreement may not be revoked at any time after the expiration of the seven-day
revocation period referenced in Paragraph 11 above. This Agreement is not intended to and shall not affect your right to file a lawsuit, complaint or charge that challenges the validity of this Agreement under the Older Workers Benefit Protection
Act, 29 U.S.C. §626(f), with respect to claims under the ADEA. You agree, however, that, with the exception of an action to challenge your waiver of claims under the ADEA, if you ever attempt to make, assert or prosecute any claim(s) covered by
the General Release and Covenant Not to Sue in Paragraph 6, you will, prior to filing or instituting such claim(s), return to FARO any and all Consideration payments already received by you under this Agreement, plus interest at the highest legal
rate, and, with the exception of an action to challenge your waiver of claims under the ADEA, if FARO prevails in defending the enforceability of any portion of the Agreement or in defending itself against any such claim, you will pay FARO’s
attorneys’ fees and costs incurred in defending itself against the claim(s) and/or the attempted revocation, recession or annulment. Nothing in this Agreement shall limit FARO’s rights to seek and obtain other remedies for breach of this
Agreement. Moreover, if after signing this Agreement you fail to abide, or threaten to not abide, by any of the terms described in Paragraphs 7 through 9 above, FARO has the right to suspend all Consideration payments described above and take legal
action to enjoin, preliminarily and permanently, you from violating or threatening to violate the terms of this Agreement, and to specifically enforce your obligations in a court of competent jurisdiction. You understand and agree that FARO will be
entitled, in addition to any other remedy, to recover from you its reasonable costs and attorneys’ fees incurred in enforcing this Agreement. 

17. The provisions of this Agreement will be administered, interpreted and construed in a manner intended to comply with Section 409A of
the Internal Revenue Code of 1986, as amended, the regulations issued thereunder, or any exception thereto (or disregarded to the extent such provision cannot be so administered, interpreted, or construed). Each payment under this Agreement shall be
considered a separate and distinct payment. You shall have no right to designate the date of any payment under this Agreement. Nothing contained in this Agreement shall constitute any representation or warranty by FARO regarding compliance with
Section 409A or any other applicable provision of federal, state, local or other tax law. The Company has no obligation to take any action to prevent the assessment of any tax under Section 409A or any other applicable provision of
federal, state , local or other tax law, and neither FARO, nor the FARO Companies, shall have any liability to you or any other person with respect thereto. 

18. YOU ACKNOWLEDGE THAT YOU VOLUNTARILY ENTER INTO THIS AGREEMENT WITH A FULL AND COMPLETE UNDERSTANDING OF ITS TERMS AND LEGAL EFFECT. YOU
REPRESENT THAT YOU WERE ADVISED TO CONSULT WITH AN ATTORNEY ABOUT THE PROVISIONS OF THIS AGREEMENT BEFORE SIGNING BELOW. 
  

	
	Sincerely,
	
	/s/ Jay Freeland
	Jay Freeland
	President & CEO
	FARO Technologies, Inc.

 PLEASE READ CAREFULLY. THIS SEPARATION AGREEMENT 

AND GENERAL RELEASE INCLUDES A RELEASE OF ALL KNOWN 

AND UNKNOWN CLAIMS THROUGH THE DATE OF YOUR SIGNATURE. 

YOU ARE ADVISED TO CONSULT AN ATTORNEY BEFORE SIGNING BELOW. 

Accepted and agreed this 20th day of March, 2015: 
  

			
	Signature:		/s/ Peter G. Abram
		
	Print Name: 		Peter G. Abram

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00242-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00242-of-00352.parquet"}]]