Document:

EX-10.30

 Exhibit 10.30 

SEPARATION AGREEMENT AND RELEASE OF ALL CLAIMS 

This Separation Agreement and Release of All Claims (the “Agreement”) is made between Clarios LLC and its subsidiaries and
affiliated entities (collectively the “Company”) and Wendy Radkte (“Executive”). 
 WHEREAS, Executive is a Participant
in the Clarios Severance Plan for U.S. Executives (the “Plan”) which provides for certain benefits in the event that Executive’s employment is terminated on account of a reason set forth in the Plan, subject to the terms of the Plan;

 WHEREAS, Executive will resign her employment with the Company on an amicable basis, such resignation to be effective January 3,
2022 (“Date of Resignation”); and 
 WHEREAS, in connection with the resignation of Executive’s employment, the parties have
agreed to a separation package and the resolution of any and all disputes between them. 
 NOW, THEREFORE, in consideration of the mutual
covenants of the parties, it is agreed as follows: 
 1. Notice Pay. Pursuant to this Agreement, Executive has provided at least 14
(fourteen) calendar days of written notice of the resignation of Executive’s employment (the “Notice Period”), which resignation shall be effective on the Date of Resignation. Executive will not be required to report to work during
the Notice Period. The Company in its sole discretion may change Executive’s Date of Resignation in accordance with its business needs. Unless otherwise provided under applicable law, Executive will not be eligible to apply for workers’
compensation at any time after Executive’s last active day at work. Separate and apart from this Agreement, and pursuant to any applicable federal, state and/or local plant closing or mass layoff notification laws, Executive may receive
additional advance notice of the termination of Executive’s employment. 
 2. Severance Benefits. In consideration for the
promises contained in this Agreement, the Company will provide the following severance benefits to Executive: 
 a. Salary Continuation
Benefits. As soon as is administratively practical after the Date of Resignation or, if applicable, the end of the revocation period provided in this Agreement, whichever is later, Executive will begin receiving
fifty-two (52) weeks of Executive’s weekly base pay (such number of weeks shall hereinafter be referred to as the “Salary Continuation Period”), minus any applicable deductions or
withholdings or other reductions provided by this Agreement or law, which will be payable in a manner and on days that correspond to the Company’s regular paydays and payroll practices. Executive expressly authorizes the Company to make any
necessary deductions, withholdings, or other reductions from the Salary Continuation Benefits. This Agreement and any and all obligations contained herein are subject to and conditioned upon Executive remaining an employee in good standing through
Executive’s Date of Resignation. If Executive begins employment with a competing business as defined in Paragraph 8 of this Agreement during the period in which Executive is receiving Salary Continuation Benefits or the period in which the non-competition provision is in effect, whichever is longer, Executive will cease receiving Salary Continuation Benefits, and Executive will be required to repay any Salary Continuation Benefits paid previous to the
respective hire date. 

  
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 b. Medical. Prescription Drug, Dental and Health Care Flexible Spending Account
Benefits. Executive shall continue to be eligible to participate in the medical, dental and vision coverage in effect at Executive’s Date of Resignation for (i) Executive and, where applicable, (ii) Executive’s spouse,
domestic partner and dependents, as if Executive had continued in employment during the Salary Continuation Period; provided, however, that Executive has made a timely election to continue such coverage under COBRA (the “COBRA
Continuation Coverage Period”). Executive shall be responsible for the payment of the medical, dental and vision contributions that are required during the COBRA Continuation Coverage Period and such contributions shall be made within the time
period that other employees are required to pay to the Company for similar coverage; provided, however, that for the Salary Continuation Period, Executive shall pay the rate for medical, dental and vision coverage that is paid by active employees of
the Company, and upon the expiration of the Salary Continuation Period, shall pay the rate for medical, dental and vision coverage that is paid under COBRA. Notwithstanding any other provision of this Plan to the contrary, in the event that
Executive commences employment with another company at any time during the Salary Continuation Period and becomes eligible for medical and/or dental coverage under the plans of such other company, Executive will cease receiving coverage under the
Company’s medical and dental plans. The COBRA Continuation Coverage Period under section 4980B of the Internal Revenue Code shall run concurrently with the Salary Continuation Period. Any questions regarding these plans should be directed to
the COBRA administrator, Clarios Benefit Service Center, at 1-833-525-2746 or digital.alight.com/clarios. PLEASE
NOTE, if Executive and/or Executive’s covered spouse is 65 or older, entitled to Medicare coverage, and enrolled in the Clarios Health Plan through COBRA, Medicare provides the primary coverage for medical claims, and COBRA is
secondary, whether or not Executive or Executive’s covered dependents actually enroll in Medicare. 
 c. Outplacement Services.
The Company will provide Executive with a lump sum payment of Seven Thousand Two Hundred Twenty Dollars ($7,220), which constitutes the equivalent of one year of executive outplacement services. 

d. Bonus. Executive will be eligible for an additional lump sum payment of the Executive’s annual target bonus for fiscal year
2022 to be paid out in accordance with the Company’s Annual Incentive Performance Plan. Such annual bonus shall be calculated on the basis of the twelve-month period encompassing the entire fiscal year 2022. 

e. Executive Long Term Incentive. The treatment of any outstanding long term incentive awards that Executive was granted will be
administered in accordance with the terms and conditions of the Executive Long Term Incentive Plan (LTIP). 
 f. Relocation Expenses.
The Company will pay relocation expenses for Executive in the amount of Thirteen Thousand Dollars ($13,000.00) plus the estimated federal, state, local, and FICA tax liability that arises from the taxable portion of Company paid expenses associated
with Executive’s relocation. 

  
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 g. Reimbursement of Living and Storage Expenses. The Company will pay to Executive
the amount of Seventeen Thousand Six Hundred Forty-Five Dollars ($17,645) for living and storage expenses incurred by Executive in November and December 2021. 

h. Flexible Perquisites Plan Reimbursement for 2021. The Company will reimburse Executive up to 5% of her annual salary to cover
financial planning expenses incurred in 2021 so long as Executive submits the expense reports and provides appropriate documentation to support such expenses. 

3. Release of All Claims. In consideration of the benefits described in Paragraph 2 above, Executive hereby REMISES, RELEASES and
FOREVER DISCHARGES the Released Parties (defined below) from any and all claims, contracts, judgments and expenses (including attorneys’ fees and costs of any kind), whether known or unknown, which Executive has or may have against the Released
Parties, or any of them, arising out of or based on any transaction, occurrence, matter, event, cause or thing whatsoever which has occurred prior to or on the date Executive executes this Agreement. “Released Parties” includes the
Company, and all of its affiliated entities (including but not limited to any subsidiary, division, business unit, parent, sister, partner and related companies or entities), predecessors and successors, and its and their past, present and future
officers, directors, agents, employees, shareholders, members, managers, partners, attorneys, executors, employee benefit plans, insurers, assigns and other representatives of any kind. This release includes, but is not limited to: (i) all
causes of action, suits, debts, claims and demands whatsoever in law or in equity, which Executive ever had, now has, or hereafter may have, whether known or unknown, or which Executive’s heirs, executors, or administrators may have, by reason
of any matter, cause or thing whatsoever, up to the date of Executive’s execution of this Agreement, and particularly, but without limitation of the foregoing general terms, any claims arising from or relating in any way to Executive’s
employment relationship with the Company, the terms and conditions of that employment relationship, and the termination of that employment relationship, including, but not limited to, any claims arising under any applicable Company severance or
supplemental unemployment benefits pay plan(s); (ii) claims arising under the Age Discrimination in Employment Act of 1967, as amended (“ADEA”), Title VII of the Civil Rights Act of 1964, as amended, the Americans With Disabilities Act of
1990, as amended, the Civil Rights Act of 1991, as amended, the Worker Adjustment and Retraining Notification Act, the National Labor Relations Act, the Occupational Safety and Health Act, the Fair Labor Standards Act, the Employee Retirement Income
Security Act of 1974, as amended, the Family and Medical Leave Act of 1993, as amended, state family and/or medical leave laws, state fair employment laws, state and federal wage and hour laws, state and/or local plant closing or mass layoff laws,
Wisconsin state employment laws, as amended, and/or any other federal, state or local law, statute or regulation; (iii) claims based on breach of contract (express or implied), tort, personal injury, misrepresentation, discrimination,
retaliation, harassment, defamation, invasion of privacy or wrongful discharge; (iv) claims for bonuses, payments or benefits under any of the Company’s bonus, severance or incentive plans or fringe benefit programs or policies; and
(v) any other claims arising out of or connected with Executive’s employment with or separation of employment from the Company. This release does not include a waiver of any claim that cannot legally be waived. Nothing in this Agreement
bars a claim by Executive for unemployment compensation benefits to which Executive is entitled under an unemployment compensation law. 

  
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 4. Agreement Not to Sue. To the fullest extent permitted by law and subject to the
provisions of Paragraph 5 below, Executive represents and affirms that: (i) Executive has not filed or caused to be filed on Executive’s behalf any claim for relief against the Company or any Release and, to the best of Executive’s
knowledge and belief, no outstanding claims for relief have been filed or asserted against the Company or any of the Released Parties on Executive’s behalf; and (ii) Executive has no knowledge of any improper, unethical or illegal conduct
or activities that Executive has not already reported to any supervisor, manager, department head, human resources representative, agent or other representative of the Company, to any member of the Company’s legal or compliance departments, or
to the ethics hotline; and (iii) Executive agrees not to file, commence, prosecute or participate in any arbitration or any federal, state or local lawsuit or administrative proceeding, against the Released Parties, or any of them, based upon
any claim arising prior to or on the date Executive executes this Agreement. In the event that suit is filed in breach of this release of claims, it is expressly understood and agreed that this release of claims shall constitute a complete defense
to any such suit. In the event any Released Party is required to institute litigation to enforce the terms of this Paragraph, the Released Parties shall be entitled to recover reasonable costs and attorneys’ fees incurred in such enforcement.

 5. Challenge to Validity; Cooperation with Government Agencies. Nothing in this Agreement, including Paragraph 4 (i) limits
Executive’s right to challenge the validity of this Agreement under the ADEA; (ii) making any disclosure of information required by law; (iii) providing information to, or testifying or otherwise assisting in any investigation or
proceeding brought by any federal regulatory or law enforcement agency or legislative body, any self- regulatory organization, or the Company’s designated legal, compliance or human resources officers; or (iv) filing, testifying,
participating in or otherwise assisting in a proceeding relating to an alleged violation of any federal, state or municipal law relating to fraud, or any rule or regulation of the Securities and Exchange Commission or any self-regulatory
organization. In addition, nothing prohibits Executive from filing a charge or complaint with, making a report to, participating in any investigation or proceeding conducted by, or otherwise cooperating with the U.S. Equal Employment Opportunity
Commission (“EEOC”). However, Executive agrees and hereby waives any and all rights to any monetary relief or other personal recovery from any such charge, including costs and attorneys’ fees. Additionally, this release of claims does
not preclude Executive from filing claims that arise after the date of execution of this Agreement. 
 6. Confidentiality. Subject to
the provisions of Paragraphs 4 and 5, Executive agrees not to disclose the terms of this Agreement to anyone, except his/her spouse, attorney and, as necessary, tax/financial advisor, provided they agree to be bound by this confidentiality
obligation. It is expressly understood that any violation of the confidentiality obligation imposed herein constitutes a material breach of this Agreement. 

  
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 7. Confidential Information. Executive agrees that Executive shall not, directly or
indirectly, use, make available, sell, disclose, or otherwise communicate to any person, other than in the course of Executive’s assigned duties and for the benefit of the Company, either during the period of Executive’s employment or at
any time thereafter, any nonpublic, proprietary or confidential information, knowledge or data relating to the Company, or any of its businesses which shall have been obtained by Executive during Executive’s employment by the Company. The
foregoing shall not apply to information that (i) was known to the public prior to its disclosure to Executive; (ii) becomes known to the public subsequent to disclosure to Executive through no wrongful act of Executive or any
representative of Executive; or (iii) Executive is required to disclose by applicable law, regulation or legal process (provided that Executive provides the Company with prior notice of the contemplated disclosure and reasonably cooperates with
the Company at its expense in seeking a protective order or other appropriate protection of such information). Notwithstanding clauses (i) and (ii) of the preceding sentence, Executive’s obligation to maintain such disclosed information in
confidence shall not terminate where only portions of the information are in the public domain. Notwithstanding this paragraph, any non-disclosure provision in this Agreement does not prohibit or restrict
Executive (or Executive’s attorney) from initiating communications directly with or responding to any inquiry from, or providing testimony before, any self-regulatory organization or state or federal regulatory authority, regarding this
Agreement or its underlying facts and circumstances. Any pre-authorization provision in this Agreement does not require Executive to contact the Company regarding the subject matter of any such communication
before engaging in such communications. Nothing in this Agreement is intended to discourage or restrict Executive from reporting any theft of Trade Secrets pursuant to the Defend Trade Secrets Act of 2016 (“DTSA”) or other applicable state
or federal law. The DTSA provides: An individual shall not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that: (a) is made (i) in confidence to a federal, state or
local government official, either directly or indirectly, or to any attorney; and (ii) solely for the purpose of reporting or investigating a suspected violation or law; or (b) is made in a complaint or other document filed in a lawsuit or
other proceeding, if such filing is made under seal. An individual who files a lawsuit for retaliation by an employer for reporting a suspected violation of law may disclose the trade secret to an attorney for the individual and use the trade secret
information in the court proceeding, if the individual (a) files any document containing the trade secret under seal; and (b) does not disclose the trade secret, except pursuant to court order. 

8. Non-competition. In accepting the benefits provided in this Agreement, and in consideration
of those benefits, Executive agrees that for the one (1) year period following the Date of Resignation, or such longer period of non-competition as is included in any offer letter or any other agreement
between Executive and the Company, Executive will not directly or indirectly, own, manage, operate, control (including indirectly through a debt, equity investment, or otherwise), provide services to, or be employed by, any person or entity engaged
in any business that (i) conducts or is planning to conduct a business in competition with any business conducted or planned by the Company including but not limited to any business or Company engaged in the business of energy storage
solutions, battery manufacturing, battery and energy storage solutions distribution and battery technologies; or (ii) designs, develops, produces, distributes, offers for sale or sells a product or service that can be used as a substitute for,
or is generally intended to satisfy the same customer needs for, any one or more products or services designed, developed, manufactured, produced, distributed or offered for sale or sold by any of the Company’s businesses (1) that is
located in a region where Executive had substantial responsibilities during the twenty-four (24) month period preceding Executive’s Resignation Date, and (2) for which Executive (A) was materially involved in during the
twenty-four (24) month period preceding Executive’s Resignation Date, or (B) had knowledge of operations or substantial exposure to during the twenty-four (24) month period preceding Executive’s Resignation Date, unless
Executive’s management has used its discretion to waive the application of this provision in writing. 

  
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 9. Non-solicitation of Customers. In
accepting the benefits provided in this Agreement, and in consideration of those benefits, Executive agrees that for the two (2) year period following the Date of Resignation, or such longer period of
non-solicitation as is included in any offer letter or any other agreement between Executive and the Company, Executive will not directly or indirectly on behalf of Employee or on behalf of another
(i) solicit, aid or induce any customer of the Company or its Affiliates that Participant was responsible for, directly or indirectly through direct supervisor or management of other employees, departments or business units of the Company, to
purchase goods or services then sold by the Company from another person or entity, or assist or aid any other person or entity in identifying or soliciting any such customer, or (ii) solicit, aid or induce any customer that was pursued by the
Company and where Participant had direct contact, participated in the contact, or had knowledge of Confidential Information because of Executive’s employment with the Company within the twenty-four (24) months preceding Executive’s
Resignation Date if that sale or service would be located in a region where Executive had substantial responsibilities while employed by the Company. 

10. Non-solicitation of Employees. In accepting the benefits provided in this Agreement, and in
consideration of those benefits, Executive agrees that during his or her employment with the Company, and for the period of two (2) years following the Date of Resignation for any reason, or such longer period of
non-solicitation as is included in any offer letter or any other agreement between Executive and the Company, Executive will not, directly or indirectly, on Executives own behalf or on behalf of another
solicit, recruit, aid or induce employees of the Company (a) who were directly managed by or reported to Participant as of the date of Executive’s resignation, or (b) with whom Executive has had material contact with during the twelve
(12) months period preceding Executive’s resignation and who had access to Confidential Information, trade secrets or customer relationships, to leave their employment with the Company in order to accept employment with or render services
to another person or entity unaffiliated with the Company, or hire or knowingly take any action to assist or aid any other person or entity in identifying or hiring any such employee. 

11. Non-Disparagement. Subject to the provisions of Paragraphs 4 and 5, Executive further
agrees that Executive will not disparage or subvert the Company, or make any statement reflecting negatively on the Company, its affiliated corporations or entities, or any of their present or former officers, directors, employees, agents or
representatives, including, but not limited to, any matters relating to the operation or management of the Company, Executive’s employment and the resignation of Executive’s employment. Further, the Company agrees that Mark Wallace and his
direct reports will not disparage Executive or make any statement reflecting negatively on Executive. 

  
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 12. Continued Cooperation. Executive acknowledges that the Company may need to
consult with Executive from time to time on a reasonable basis after Executive’s Date of Resignation on matters that Executive had worked on prior to the Date of Resignation. Executive agrees to continue to cooperate with the Company and to
provide any such information as is reasonably requested by the Company. 
 13. Reasonableness. This Agreement does not
(i) supersede any confidentiality agreements, intellectual property rights agreements or non-competition or non-solicitation agreements to which Executive was
subject while an employee of the Company, or (ii) negate, limit or reduce Executive’s obligations or the Company’s rights under any laws relating to trade secrets, confidential information or unfair competition. Executive acknowledges
that the restrictions contained in Paragraphs 7, 8, 9 and 10 are reasonable and necessary to protect the legitimate interests of the Company, that the Company would not have executed this Agreement in the absence of such restrictions, and that any
violation of any provision of these Paragraphs will represent in irreparable injury to the Company. By executing this Agreement, Executive represents that Executive’s experience and capabilities are such that the restrictions contained in
Paragraphs 7, 8, 9 and 10 will not prevent Executive from obtaining employment or otherwise earning a living at the same general level of economic benefit as is currently the case. Executive further represents and acknowledges that
(i) Executive has been advised by the Company to consult with legal counsel of Executive’s choosing with respect to this Agreement, and (ii) that Executive has had full opportunity, prior to executing this Agreement, to review
thoroughly this Agreement with counsel. In the event the provisions of Paragraphs 7, 8, 9, and 10 are deemed to exceed the time or scope or geographic limitations permitted by applicable laws, then such provisions shall be reformed to the maximum
time, scope or geographic limitations, as the case may be, permitted by applicable laws. 
 14. Representations. Executive
represents, warrants and certifies that: (i) the severance benefits provided in this Agreement are equivalent to or greater than those to which Executive is entitled by contract, employment policy or otherwise; (ii) Executive has returned
to the Company all items of personal property (including, without limitation, automobiles, keys, credit cards, computers and computer equipment, hardware and software, and cell phones) that are the property of the Company; (iii) Executive has
returned all records, files, manuals, reports, notes or any other documents or materials, whether in written, electronic or other form, and whether prepared by Executive or others (including any copies of the same), which contain confidential,
proprietary or other information regarding the Company, its affiliates or the businesses of the Company or its affiliates; (iv) Executive has returned to the Company any and all passwords and/or encryption codes utilized by Executive with
regard to computer, electronic or communication systems of the Company or its affiliated entities so that the Company has immediate, full and complete access to all data and information stored, used or maintained by Executive on such systems; and
(v) apart from benefits provided by this Agreement, Executive has been paid all compensation and received all benefits due to Executive as a result of Executive’s employment with the Company. 

15. Repayment of Salary Continuation Benefits. In the event Executive is offered reemployment and becomes re-employed with the Company or any of its affiliated entities during the Salary Continuation Period, any remaining Salary Continuation Benefit that Executive has not yet received will cease, and Executive will no
longer be eligible to receive the balance of any Salary Continuation Benefits provided under this Agreement, as of the effective date of reemployment. Further, Executive shall be required, as a condition of
re-employment, to sign a repayment agreement whereby Executive agrees to repay the Company an amount equal to any of the forfeited balance of Salary Continuation Benefits for which Executive is not eligible to
receive already paid to Executive under this Agreement. 

  
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 16. Non-Admission of Wrongdoing. Neither this
Agreement nor the furnishing of the consideration provided for in this Agreement shall be deemed or construed at any time or for any purpose as an admission of liability by the Released Parties. Liability for any and all claims for relief is
expressly denied by the Released Parties. 
 17. Acknowledgments. Executive acknowledges as follows: 

a. Executive has read the terms of this Agreement, and that Executive understands its terms and effects, including the fact that Executive has
agreed to RELEASE AND FOREVER DISCHARGE the Company and each and every one of its affiliated entities from legal action arising out of Executive’s employment relationship with the Company and each and every one of its affiliated entitles from
legal action arising out of Executive’s employment relationship with the Company and the termination of that relationship by Executive’s resignation; 

b. Executive has signed this Agreement voluntarily and knowingly in exchange for the consideration described herein, which Executive
acknowledges is adequate and satisfactory to Executive and which Executive acknowledges is in addition to any other benefits to which Executive is otherwise entitled; 

c. Executive has been and hereby is advised in writing by the Company to consult with an attorney prior to signing this Agreement; 

d. Executive has been and hereby is advised in writing by the Company that Executive had at least
twenty-one (21) days within which to consider this Agreement. 
 e. Executive is fully aware of
the contents of this Agreement and its legal effect, that the preceding Paragraphs recite the sole consideration for this Agreement, that all agreements and understandings between the parties regarding the subject matter of this Agreement are
embodied and expressed herein, and that Executive has been afforded ample opportunity to consider this Agreement and enters into this Agreement freely, knowingly, and without coercion and not in reliance upon any representations or promises made by
the Company or its agents, other than those contained herein; 
 f. This Agreement may not be signed prior to the third calendar day before
Executive’s Date of Resignation. If the Agreement is signed prior to Executive’s Date of Resignation, the Company reserves the right to have Executive ratify the Agreement on or after Executive’s Date of Resignation. 

  
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 18. Revocation Period. For a period of seven (7) days following the execution of
this Agreement, Executive may revoke this Agreement. To be effective, any notice of revocation must be in writing and received by Claudio Morfe, Vice President, General Counsel & Corporate Secretary, 5757 N. Green Bay Ave., Milwaukee, WI
53209, Claudio.Morfe@clarios.com, within the seven (7) day revocation period (or, if the seventh day of the revocation period is not a business day, on the first business day following such date). The Agreement shall not become
effective or enforceable until the seven (7) day revocation period has expired without revocation by Executive. 
 19.
Severability. The provisions of this Agreement are severable. If any portion of this Agreement is found to be invalid or unenforceable, the parties desire that all other portions of the Agreement shall nonetheless remain in full force and
effect. If Paragraph 3 is deemed invalid or unenforceable, in whole or in part, by a court of competent jurisdiction, this entire Agreement shall be null and void, and any consideration paid hereunder shall be repaid immediately upon receipt of
notice thereof. 
 20. Counterparts and Facsimile Signatures. This Agreement may be executed in one or more counterparts, each of
which shall be deemed an original and all of which together shall constitute one and the same instrument. Electronically scanned and faxed copies of signatures may be relied upon as the true and correct signatures of the undersigned. 

21. Signature and Return. Executive shall return the signed Agreement within the 21- day
consideration period provided herein via hand-delivery or email to Claudio Morfe, Vice President, General Counsel & Corporate Secretary, Claudio.Morfe@clarios.com, or if sent by mail, must be postmarked within the 21-day consideration period, sent by certified mail, return receipt requested, and addressed to Claudio Morfe, Vice President, General Counsel & Corporate Secretary, 5757 N. Green Bay Ave., Milwaukee, WI
53209. If not returned within this time period, the Agreement shall expire. 
 22. Notwithstanding any provision to the contrary, all
provisions of this Agreement shall be construed and interpreted to comply with Section 409A of the Internal Revenue Code (the “Code”) and applicable regulations thereunder, and, if necessary, any provision shall be held null and void
to the extent such provision (or part thereof) fails to comply with Section 409A of the Code or regulations thereunder. For purposes of the limitations on nonqualified deferred compensation under Section 409A of the Code, each payment of
compensation to Executive under this Agreement shall be treated as a separate payment of compensation for purposes of applying the deferral election rules and the exclusion of certain short-term deferral amounts under Section 409A of the Code.
To the extent that deferred compensation subject to the requirements of Section 409A of the Code becomes payable to Executive under this Agreement, any such payments shall be delayed by six months to the extent necessary to comply with the
requirements of Section 409A of the Code. 
 The parties have executed this Agreement as of the dates written below. 

 

					
	 EXECUTIVE
	 		 	 CLARIOS LLC

			
	 /s/ WENDY S. RADTKE
	 		 	 /s/ CLAUDIO MORFE

	 WENDY RADTKE
	 		 	 By: CLAUDIO MORFE

			
	 January 12, 2022
	 		 	 January 19, 2022

	 Date
	 		 	 Date

  
 9EX-10.32

 Exhibit 10.32 

SEPARATION AGREEMENT 

THIS SEPARATION AGREEMENT (the “Agreement”) is entered into between CLARIOS INTERNATIONAL, INC. (the “Company”) and TONY
MOORE (the “Employee”). The Company and the Employee are sometimes referred to herein individually as a “Party;” together as the “Parties.” 

WHEREAS, the Employee notified the Company that he intended to resign his employment effective March 11, 2022 (the “Resignation
Date”); 
 WHEREAS, the Employee thereafter stated his desire to remain employed for a limited period of time following the Resignation
Date; and 
 WHEREAS, the Parties wish to enter into this Agreement to set forth the terms of Employee’s separation and resolve with
finality any and all claims Employee may have against the Company including, without limitation, claims related to or arising from Employee’s employment with the Company and the separation of Employee’s employment with the Company. 

NOW, THEREFORE, in consideration of the mutual promises and benefits herein, the Parties agrees as follows: 

1. Transition Benefits. If Employee signs this Agreement and does not revoke his acceptance within the Revocation Period (defined in
Paragraph 11 below), the Company will provide Employee with the following: 
 A. The Company will continue Employee’s
employment until the end of business on April 30, 2022 (the “Separation Date”), at which point Employee’s employment with the Company will end without any further notice. The period between the date Employee signs this Agreement
and the Separation Date is referred to herein as the “Transition Period.” 
 B. During the Transition Period, the
following circumstances will apply: 
 i. Employee will continue to serve in his current role and perform all of his regular
job duties and responsibilities effectively and in good faith through February 28, 2022; 
 ii. From March 1, 2022
through the Separation Date, Employee will move to a consulting role with the Company during which time he will perform the following duties: (a) assist in the smooth and orderly transition of his responsibilities; (b) provide support to
his replacement as needed, including participating in any reasonable requests for site and customer visits; and (c) perform other assignments as assigned by the Company. During the period beginning March 1, 2022 through the Separation
Date, the Employee will perform the tasks noted herein in good faith and to the best of his ability. The Parties acknowledge that the expected time commitment from Employee will, on average, be less than full time; and 

 iii. Employee will continue to earn his regular base salary, less applicable
payroll deductions, payable in accordance with the Company’s normal payroll practices and schedule, along with his current benefits, subject to the terms of the applicable plan documents or policies. 

C. If Employee is covered by the Company’s group health insurance plan (including medical, dental, and vision coverages)
on the Separation Date, and Employee timely elects COBRA coverage, the Company will pay the normal employer’s share of health insurance costs toward such COBRA coverage until the earlier of: (i) the eighteen (18) months following the
Separation Date; (ii) the date the Employee becomes covered under another employer’s health plan; or (iii) the expiration of the maximum COBRA coverage period for which the Employee is eligible under applicable law. Employee shall be
responsible for paying the difference between the Company’s share and the total cost of COBRA coverage during such period of Company subsidized COBRA coverage pursuant to the mandates of COBRA. Within ten (10) days of Employee obtaining
eligibility for other health insurance coverage, Employee agrees to inform the Company of such fact in writing. 
 2. Release.
Employee, on behalf of himself and his heirs, successors, and assigns, releases the Company and its parents, subsidiaries, affiliates, and related entities, and each of their respective past, present, and future officers, directors, trustees,
principals, stockholders, managers, members, partners, agents, employees, contractors, attorneys, insurers, successors and assigns (collectively, the “Released Parties”), from any claims arising on or before the date Employee signs this
Agreement. This release includes, but is not limited to, any claims related in any way to Employee’s employment with the Company, the termination of Employee’s employment with the Company, and wages and other remuneration. This release
includes any claims, whether they are presently known or unknown, or anticipated or unanticipated by Employee, and includes, but is not limited to, all matters in law, equity, contract, tort, or pursuant to statute, including damages,
attorneys’ fees, costs, and expenses. 
 Because Employee is age 40 or older, Employee’s acceptance of this Agreement will
release any and all claims under the federal Age Discrimination in Employment Act. This release also includes, without limitation, claims arising under Title VII of the Civil Rights Act, the Americans with Disabilities Act, the Family and
Medical Leave Act, the Worker Adjustment and Retraining Notification Act, the Equal Pay Act, the Employee Retirement Income Security Act (with respect to unvested benefits), the Civil Rights Act of 1991, the Wisconsin Fair Employment Act, the
Wisconsin Family Medical Leave Act, the Wisconsin Wage Payment and Collection Laws, all as amended, or any other federal, state, or local law, statute, or ordinance affecting Employee’s employment with or termination from the Company. Employee
agrees not to construe these references to specific claims as in any way limiting the general and comprehensive nature of the release of claims Employee is providing under this Paragraph. 

However, this release does not apply to or affect claims for benefits under applicable unemployment insurance or worker’s compensation
laws, any claim that may arise after the date Employee signs this Agreement, or any claim that controlling law clearly states may not be released, including by settlement. 

  
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 This release will not restrict or limit Employee’s right to file a charge or complaint
with a government agency (including, without limitation, the Equal Employment Opportunity Commission) or participate in an investigation or proceeding initiated or conducted by a government agency; provided, however, this release does prevent
Employee from making any personal recovery against the Company or any of the other Released Parties, including the recovery of money damages, as a result of filing a charge or complaint with a government agency against the Company and/or any of the
other Released Parties. 
 3. Return of Property. On or before the Separation Date, Employee will return to the Company all of its
property and all of the property of the other Released Parties which Employee possesses or over which Employee has direct or indirect control, including, but not limited to, all monies, records, files, credit cards, keys, cellular telephones,
iPhones, iPads, customer lists and information, and electronically encoded information such as computer drives, etc., all passwords and/or access codes to such property and all copies of such property. 

4. Confidentiality of Agreement. Employee agrees not to disclose, directly or indirectly, the terms of this Agreement to any third
party. Notwithstanding the foregoing, the Employee may disclose the terms of this Agreement, following Employee’s obtaining a promise of confidentiality for the benefit of the Company, to Employee’s attorney, tax preparer, or spouse, after
such of these individuals have made such a promise of confidentiality in writing. The Employee may disclose this Agreement as necessary to seek judicial or other legal relief to enforce the terms of this Agreement or if required as a result of
judicial process compelling disclosure or as otherwise required by law. 
 5.
Non-Disparagement. Employee agrees not to engage in any form of conduct or make any statements or representations, or direct any other person or entity to engage in any conduct or make any statements or
representations, that disparage, criticize, or otherwise impair the reputation of the Company or any of the other Released Parties. Nothing contained in this Paragraph 5 will preclude Employee from providing truthful information pursuant to subpoena
or other legal process. 
 6. Confidential Information. In accepting the benefits provided in this Agreement, and in consideration of
those benefits, Employee agrees that with respect to the Company’s Trade Secrets and Confidential Information (each defined below), to the following: 

A. Employee will not at any time directly or indirectly use or disclose any Trade Secret of the Company. The term “Trade
Secret” has that meaning set forth under applicable law. 
 B. For a period of twenty-four (24) months following
the Separation Date, Employee will not directly or indirectly use or disclose any Confidential Information of the Company. The term “Confidential Information” means all non-Trade Secret information
of, about or related to the Company or provided to the Company by their customers that is not known generally to the public or the Company’s competitors. Confidential Information includes, but is not limited to: (i) inventions; product
formulations and specifications; information about products under development; research, development or business plans; production processes; manufacturing techniques; 

  
 3 

 
equipment design; test results; financial information; customer lists; information about orders from and transactions with customers; sales, acquisition and marketing strategies and plans;
pricing strategies; information relating to sources of materials and production costs; personnel information; and business records; (ii) information which is marked or otherwise designated or treated as confidential or proprietary by the
Company; and (iii) information received by the Company from others which the Company is obligated to keep confidential. 

C. Notwithstanding the foregoing, the terms “Trade Secret” and “Confidential Information” do not include,
and the obligations set forth in this Agreement do not apply to, any information which: (i) can be demonstrated by Employee to have been known by Employee prior to Employee’s employment by the Company; (ii) is or becomes generally
available to the public through no act or omission by Employee; (iii) is obtained by Employee in good faith from a third party who discloses such information to Employee on a non-confidential basis
without violating any obligation of confidentiality or secrecy relating to the information disclosed; or (iv) is independently developed by Employee outside the scope of Employee’s employment with the Company without use of Confidential
Information or Trade Secrets. 
 D. Nothing in this Agreement shall prevent Employee, after the Separation Date, from using
general skills and knowledge gained while Employee was employed by the Company. 
 E. With respect to the disclosure of a
Trade Secret and in accordance with 18 U.S.C. § 1833, Employee shall not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a Trade Secret that (i) is made in confidence to a federal,
state, or local government official, either directly or indirectly, or to an attorney, provided that, the information is disclosed solely for the purpose of reporting or investigating a suspected violation of law; or (ii) is made in a complaint
or other document filed in a lawsuit or other proceeding filed under seal so that it is not disclosed to the public. Employee is hereby notified that if Employee files a lawsuit for retaliation by the Company for reporting a suspected violation of
law, Employee may disclose the Company’s Trade Secrets to Employee’s attorney and use the Trade Secret information in that court proceeding, provided that Employee files any document containing the Trade Secret under seal so that it is not
disclosed to the public and does not disclose the Trade Secret, except pursuant to court order. 
 7.
Non-Competition. In accepting the benefits provided in this Agreement, and in consideration of those benefits, Employee agrees that during the Transition Period and for the twelve (12) month period
following the Separation Date, Employee shall not, directly or indirectly, provide Restricted Services to any Competitor in the Territory. 

A. The term “Restricted Services” means employment duties and functions of the type provided by Employee to the
Company during the twenty-four (24) month period immediately prior to the Separation Date. 

  
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 B. The term “Competitor” means any individual or entity engaged in
any business that (i) conducts or is planning to conduct a business in competition with any business conducted or planned by the Company including but not limited to any business or company engaged in the business of energy storage solutions,
battery manufacturing, battery and energy storage solutions distribution, and battery technologies; or (ii) designs, develops, produces, distributes, offers for sale or sells a product or service that can be used as a substitute for, or is
generally intended to satisfy the same customer needs for, any one or more products or services designed, developed, manufactured, produced, distributed, or offered for sale or sold by any of the Company’s businesses within the twenty-four
(24) month period immediately prior to the Separation Date. 
 C. The term “Territory” means a region
(i) where Employee had substantial responsibilities during the twenty-four (24) month period preceding the Separation Date; and (ii) for which Employee (A) was materially involved in during the twenty-four (24) month period
preceding the Separation Date, or (B) had knowledge of operations or substantial exposure to during the twenty-four (24) month period preceding the Separation Date. 

D. The Company reserves the right, at its sole discretion, to waive the application of this provision in writing. 

8. Non-Solicitation of Restricted Customers. In accepting the benefits provided in this
Agreement, and in consideration of those benefits, Employee agrees that for the twenty-four (24) month period following the Separation Date, Employee will not directly or indirectly solicit any Restricted Customer for the sale of products or
services of the type marketed, sold or provided by the Company to the Restricted Customer during the twenty-four (24) month period immediately prior to the Separation Date. The term “Restricted Customer” means any individual or entity
(i) for whom/which the Company sold or provided products or services and (ii) with whom/which Employee had contact on behalf of the Company, or about whom/which Employee acquired nonpublic or proprietary information as a result of
Employee’s employment by the Company , in the case of both (i) and (ii), above, during the twenty-four (24) month period immediately prior to the Separation Date. 

9. Non-Solicitation of Prospective Customers. In accepting the benefits provided in this
Agreement, and in consideration of those benefits, Employee agrees that for the twenty-four (24) month period following the Separation Date, Employee shall not directly or indirectly market, sell or provide, or attempt to market, sell or
provide, to any Prospective Customer any products or services of the type marketed, sold or provided by the Company to the Prospective Customer during the twelve (12) month period immediately prior to the end of the Separation Date. The term
“Prospective Customer” means any individual or entity (i) for whom/which the Company has made a proposal to provide goods or services and (ii) with whom/which Employee had contact on behalf of the Company, or about whom/which
Employee acquired non-public or proprietary information as a result of Employee’s employment with the Company, in the case of both (i) and (ii), above, during the twelve (12) month period
immediately prior to the Separation Date. 

  
 5 

 10. Non-Solicitation of Restricted Persons.
In accepting the benefits provided in this Agreement, and in consideration of those benefits, Employee agrees that for the twenty-four (24) month period following the Separation Date, Employee shall not directly or indirectly solicit any
Restricted Person to provide services to or on behalf of a person or entity in a manner reasonably likely to pose a competitive threat to the Company. The term “Restricted Person” means an individual who (i) at the time of the
solicitation is (a) an employee of the Company and (b) an employee of the Company who has special skills or knowledge important to the Company or has skills that are difficult for the Company to replace; and (ii) is an employee with
whom Employee had a working relationship or about whom Employee acquired or possessed specialized knowledge in connection with Employee’s employment with the Company, during the twenty-four (24) month period immediately prior to the
Separation Date. 
 11. Acceptance and Revocation. The Company wishes to ensure that Employee voluntarily agrees to the terms
contained in this Agreement and does so only after Employee fully understands them. Accordingly, the following procedures shall apply: 

A. Employee acknowledges and agrees that he has been given twenty-one
(21) calendar days to consider whether to sign this Agreement. Employee further acknowledges and agrees that he has read this Agreement and understand its contents. Employee may agree to the terms of this Agreement by signing and dating it, and
returning the signed and dated Agreement to Claudio Morfe, V.P., General Counsel & Corporate Secretary, at Florist Tower, 5757 N. Green Bay Avenue, Milwaukee, WI 53209 or via email at Claudio.morfe@clarios.com, on or before
5:00 p.m. Central Time on the 22nd calendar day following Employee’s receipt of this Agreement; 
 B. Employee is hereby
advised in writing by the Company to consult with an attorney before signing this Agreement, and Employee acknowledges that he has done so or had the opportunity to do so; 

C. Employee understands that this Agreement, at Paragraph 2, above, includes a final general release, including a release of
all claims under the Age Discrimination in Employment Act; 
 D. Employee understands that he has seven (7) calendar
days after signing this Agreement within which to revoke his acceptance of it (the “Revocation Period”). Such revocation will not be effective unless written notice of the revocation is received by Claudio Morfe, V.P., General
Counsel & Corporate Secretary, at Florist Tower, 5757 N. Green Bay Avenue, Milwaukee, WI 53209 or via email at Claudio.morfe@clarios.com, on or before 5:00 p.m. Central Time on the first day following the end of the Revocation
Period; and 
 E. This Agreement will not be binding or enforceable unless Employee has signed and delivered it as provided
in Paragraph 11 (A), above, and has not timely exercised his revocation rights, as described in Paragraph 11(D), above. If Employee gives timely notice of his revocation of this Agreement, it will become null and void, and all rights and claims of
the Parties which would have existed, but for the acceptance of this Agreement’s terms, will be restored. 

  
 6 

 12. Long Term Incentive Plan. Employee will be entitled to retain any Option Units
which vested prior to the Separation Date pursuant to the Clarios International LP Executive Long Term Incentive Plan (“ELTIP”) and Employee’s entitlement to and payment of any benefits under the ELTIP will be governed by the terms of
that plan. 
 13. Entire Agreement. This Agreement constitutes the complete understanding between the Parties concerning all matters
affecting Employee’s employment with the Company and the termination thereof. If Employee accepts this Agreement, it supersedes all prior agreements, understandings and practices concerning such matters, including, but not limited to, any
Company personnel documents, handbooks, policies, and any prior customs or practices of the Company. This Agreement, however, shall not replace or supersede any other agreement which exists between the Company and Employee which in any way restricts
Employee’s postemployment activities. 
 14. Employee’s Breach. In the event that Employee breaches any provision of this
Agreement, Employee agrees that the Company may: (A) cease its further performance under this Agreement (including, without limitation, stopping all payments set forth in Paragraph 1 of this Agreement, Employee having forfeited his right to
further payments upon breach); (B) recover any damages suffered as a result of such breach; and (C) recover from Employee any reasonable attorneys’ fees and costs it incurs as a result of Employee’s breach and/or in enforcing this
Agreement. In addition, Employee agrees that the Company may seek injunctive or other equitable relief as a result of a breach by Employee of any provision of this Agreement. In no case, however, will the release provided in Paragraph 2, above, be
revoked or terminated if Employee accepts this Agreement as provided in Paragraph 11(A), above, and do not exercise his revocation rights before the Revocation Period described in Paragraph 11(D), above, expires. 

15. Assignment. This Agreement is personal to Employee, and Employee may not assign or delegate any of Employee’s rights or
obligations hereunder. The Company has the unrestricted right to assign this Agreement and all of the Company’s rights and obligations under this Agreement without Employee’s consent and without any additional consideration being owed to
Employee, and following such assignment this Agreement will be binding and inure to the benefit of any successor or assign of the Company. Upon assignment of this Agreement, all references to the Company will also refer to the person or entity to
whom/which this Agreement is assigned. 
 16. Severability. The provisions of this Agreement are severable, and if any part of it is
found to be unlawful or unenforceable, the other provisions of this Agreement will remain fully valid and enforceable to the maximum extent consistent with applicable law. 

17. Governing Law. This Agreement and its interpretation will be governed by and construed in accordance with the laws of the State of
Wisconsin. 
 18. Amendment; Waiver. This Agreement will not be amended or modified except by a written instrument signed by each of
the Parties hereto. The waiver by either Party of the breach of any provision of this Agreement will not operate or be construed as a waiver of any subsequent breach by either Party. 

  
 7 

 19. Counterparts. This Agreement may be signed in counterparts, each of which will be
deemed an original, and all counterparts so executed will constitute one agreement binding on all of the Parties hereto, notwithstanding that all of the Parties may not be a signatory to the same counterpart. This Agreement may be executed and
delivered in any electronic format and such signatures will be binding and deemed original for purposes of enforcing this Agreement. 
  

	
	EMPLOYEE
	
	 /s/ Tony Moore

	Tony Moore
	
	 2-28-22

	Date Received
	
	 3-1-22

	Date Signed
	
	 COMPANY
  

Clarios International, Inc.

	
	 /s/ Claudio Morfe

	 Claudio Morfe
 Vice President, General
Counsel & Corporate Secretary
 February 25, 2022

  
 8

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