Document:

Document

Exhibit 10.4

EXECUTION VERSION

MANAGEMENT SERVICES AGREEMENT
This Management Services Agreement (the “Agreement”) is made and entered into effective as of August 4, 2020, by and between Peabody Energy Australia Pty Ltd (ACN 096 909 410), a company organized under the laws of Australia (“Service Company”), and each of the companies listed on the signature page hereto under the header “Client Company” (each a “Client Company”, and collectively, the “Client Companies”) (Service Company and each Client Company are, collectively, the “Parties”).
WHEREAS, Service Company and each Client Company are indirect subsidiaries of Peabody Energy Corporation, a Delaware corporation (“PEC”); and
WHEREAS, Service Company desires to provide certain services to Client Company, all on the terms and conditions set forth in this Agreement.
NOW, THEREFORE, in consideration of the mutual covenants contained in this Agreement, and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:
1.Services and Service Standard.  
(a)Service Company shall render such services to Client Company as are set forth on the attached Exhibit A (the “Services”) at the time, in the place and in the manner as agreed by the Parties from time to time and as reasonably required by Client Company for its operations, subject to the availability of qualified employees. Service Company shall be entitled to give priority to its own business needs in determining the availability of employees to provide the Services.
(b)The Services set forth on Exhibit A may be altered at any time or from time to time to expand, reduce or delete Services or to alter the scope of any of the Services upon mutual consent of the Parties, which consent shall revise Exhibit A and supersede and replace the Exhibit A then in effect.  
(c)Service Company will use reasonable and ordinary care, skill and diligence to perform the Services and at least at the level required for the Client Company to operate its businesses in the ordinary course.  For the avoidance of doubt, Service Company is not required to provide any services beyond what is commercially reasonable if an extra-ordinary event were to occur.  Client Company shall furnish Service Company with such information and other reasonable assistance as is necessary to enable Service Company to perform the Services.
(d)In order to provide the Services, Service Company will employ executive officers, accountants, financial advisers, technical advisers, attorneys and other persons with the necessary qualifications.  If necessary, Service Company may also arrange for the services of nonaffiliated experts, consultants, attorneys, or contractors in connection with the performance of any of the Services provided under this Agreement.
2.Payment.  In consideration for the Services provided by Service Company pursuant to this Agreement, the Client Company receiving Services shall pay the Service Company such amounts as the Parties may agree from time to time in accordance with the 

policies and procedures described on Exhibit A. Billing will be made on a monthly basis with the bill to be rendered as soon as practicable after the close of the calendar month.  The first bill shall cover the month ending August 31, 2020.  Payment shall be made by direct payment or by charging inter-company accounts as evidenced by the books and records of the Parties, in either case within 30 days of billing.  The cost basis, timing, and procedures for payment by Client Company to Service Company will be based on the policies and procedures described on Exhibit A. 
3.Confidentiality.  Except as otherwise agreed by the Parties or as required by applicable law, particularly with respect to disclosures to governmental entities or regulatory bodies, each Party shall maintain as confidential and not disclose any information related to the other Party obtained by either Party in connection with the performance of the Services.  Neither Party shall disclose any information regarding the other Party obtained as a result of access to the other Party’s records or obtained in connection to the provision of Services except as required by applicable law.  Notwithstanding the foregoing: (a) nothing in this Agreement shall limit the ability of either Party to share information with PEC, and any of PEC’s affiliates or subsidiaries, provided that such party with whom such information is shared is advised of the restriction contained in this Section 3; (b) nothing in this Agreement shall limit the ability of either Party to share information with any of its lenders for the purpose of demonstrating the entry into, or performance under, this Agreement does not create an event of default under any agreements between such Party and such lender.  This Section 3 shall not be deemed to prevent either Party from complying with any governmental order or decree to produce the confidential information, but upon receiving notice of any such request to provide information, such Party will promptly give notice thereof to the other Party and will cooperate with the other Party’s efforts, if any, to contest the issuance of such order or decree.
4.Term and Termination.  
(a)The initial term of this Agreement shall begin on the date hereof and shall continue for a period of five years (the “Initial Term”) and, after the Initial Term, shall automatically renew for successive terms of one year each, unless earlier terminated by the Parties in accordance with this Section 4.  
(b)At any time, whether during the Initial Term or a subsequent renewal term:
(i)     Service Company may terminate this Agreement by written notice delivered to the Client Companies at least 30 days prior to termination, or by written notice if the Client Companies commit a material breach of this Agreement which the Client Companies fail to remedy by the 10th day after receipt of a written notice of such breach; and  
(ii)   The Client Companies may terminate this Agreement by written notice delivered to Service Company at least 30 days prior to termination, or by written notice if Service Company commits a material breach of this Agreement which Service Company fails to remedy by the 10th day after receipt of a written notice of such breach.  
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(c)In the event of termination of this Agreement, all rights and obligations of the Parties hereunder shall cease to have effect immediately, and each Party shall be obligated to pay any outstanding fees for Services rendered prior to the date of termination.
5.Relationship of the Parties.  In performing the Services, it is understood and agreed that Service Company will for all purposes hereof be deemed to be an independent contractor and will not, unless otherwise expressly authorized by Client Company, have any authority to execute any transaction or contract on behalf of Client Company.
6.Service Company’s Employees.   Service Company, solely and exclusively, shall employ, discharge, and fix the compensation and practices of its employees, shall be solely responsible for their payment and shall comply with all laws pertaining to payment of employees. Service Company, solely and exclusively, shall be responsible for paying for and maintaining all private and group employee benefits, plans and programs, including, without limitation, all life, accidental death and dismemberment, health, sickness, accident benefits, whether insured or not, which Service Company may offer to its employees; and with regard thereto shall indemnify, defend and save harmless Client Company from any and all claims and liability associated therewith. 
7.Force Majeure.  Neither Party shall be in breach of this Agreement if there is any total or partial failure of performance by it of its duties and obligations under this Agreement occasioned by any Force Majeure Event (as defined below).  The Party claiming inability to perform due to a Force Majeure Event shall take appropriate means to lawfully minimize or remove the effects of the Force Majeure Event and, within the shortest possible time, attempt to resume performance of the obligation affected by the Force Majeure Event.  If, after 10 business days, a Force Majeure Event prevents the fulfillment of obligations hereunder by a Party, the non-defaulting Party may, by providing the defaulting Party with written notice, promptly seek and implement an alternative source of Services for the particular Service that has been discontinued for as long as that Service is unavailable during the Force Majeure Event or immediately terminate this Agreement.  A “Force Majeure Event” means any event, series of events, crisis, trend or state of affairs whatsoever, in any part of the world, which is or are beyond the reasonable control of the affected Party, including, without prejudice to the generality of the foregoing, the following: war or civil war (whether declared or not), other hostilities (including terrorism, sabotage, vandalism, riot, insurrection, revolution or other civil commotion), international or domestic political crisis or tension, explosion, bombing, labor disputes, strikes, lockout, action or omission by any governmental authority, epidemic or quarantine restrictions, inability to obtain labor or materials as a result of factors listed herein, fire, flood, storm, earthquake, hurricanes, tornado, drought, disease or other acts of God, which has a direct, material and significant impact on the affected Party to perform its obligations under this Agreement.
8.Indemnification. Each party (the “Indemnitor”) shall indemnify, defend, and hold harmless the other party, its parent, affiliates and related parties, and the officers, directors and employees of such companies (hereinafter collectively the “Indemnitee”) from and against any and all liabilities, claims, demands, losses, damages, costs and expenses, including reasonable attorney’s fees, arising out of claims of bodily injury to or death of any person (including employees of either party) or damage to property owned by the Indemnitee or a third party 
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(including employees of either party), to the extent caused by the negligent or willful act or omission of any of the Indemnitor’s employees or agents committed  (i) while such employee or agent is present on the premises of the Indemnitee in the course of performing under this Agreement, or (ii) while the injured person or damaged property is present on the premises of the Indemnitor in the course of performing under this Agreement.  Further, each party shall indemnify and hold harmless the other from and against any and all fines, penalties, losses, damages, costs and expenses, including reasonable attorney’s fees, arising out of a violation of law by the Indemnitor.  A party claiming indemnification under this Section shall give prompt notice to the other party of such claim and shall cooperate in the defense thereof.  An indemnifying party shall not be liable to pay any settlement unless it has consented to such settlement.
9.Compliance with Laws; Policies.  Service Company represents, warrants, and agrees that it shall comply with all federal, state and local laws, rules, ordinances, requirements and regulations, and all applicable licenses, permits, administrative orders and court orders, now or hereinafter in effect in the performance of Services.   Service Company shall, as applicable, comply with Client Company’s health, safety, and environmental policies in the performance of Services on Client Company’s premises.  
10.Assignment.  This Agreement may not be assigned by either Party without the prior written consent of the other Party, and any purported assignment without such consent shall be void and of no effect.
11.Amendment; Waiver.  Any waiver, amendment, modification or supplement of any term or condition of this Agreement shall be effective only if in writing and signed by both Parties or otherwise mutually agreed by the Parties.  The failure of a Party to exercise a right or remedy shall not be deemed or constitute a waiver of such right or remedy in the future.
12.Notices.  All notices under this Agreement that are required to be in writing shall be given in writing upon receipt by either registered mail, return receipt requested, by recognized overnight courier, by email, or by such other means as the Parties mutually agree, as follows:
If to Service Company:

Peabody Energy Australia Pty Ltd
100 Melbourne Street
South Brisbane
QLD 4101
Attention: Eric R. Waller
Email: ewaller@peabody.com 

If to Wilpinjong Coal Pty Ltd:
Wilpinjong Coal Pty Ltd
100 Melbourne Street
South Brisbane QLD 4101
Attention: Eric R. Waller
Email: rbruer@peabody.com 
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If to another Client Company:
Specific Client Company or Companies
701 Market Street
St. Louis, Missouri 
63101-1826
Attention: Eric R. Waller
Email:  rbruer@peabody.com

13.Binding Effect.  This Agreement and all of the provisions hereof shall be binding upon both Parties, and their respective successors and permitted assigns, and shall inure to the benefit of both Parties, and their successors and permitted assigns.
14.No Third Party Beneficiaries.  This Agreement is solely for the benefit of the parties and does not confer on third parties any remedy, claim, reimbursement, or other right in addition to those existing without reference to this Agreement.
15.Governing Law.  This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Delaware.
16.Headings.  The captions appearing in this document are inserted only as a matter of convenience and as a reference and shall in no way define, limit or describe the scope or intent of this Agreement or any of the provisions thereof.  
17.Counterparts.  This Agreement may be executed in separate counterparts (including by means of electronic signature pages in portable document format), each of which will be deemed to be an original and all of which taken together will constitute one and the same Agreement.
[Signature page follows]

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IN WITNESS WHEREOF, each of the Parties has caused this Agreement to be signed by its duly authorized officer as of the date first written above.
           SERVICE COMPANY
									
	Executed by Peabody Energy Australia Pty Ltd in accordance with section 127 of the Corporations Act 2001 (Cth):
		
	/s/ Brock Haas
		/s/ Marc Hathhorn

	Signature of Director		Signature of Director/Secretary

	Brock Haas		Marc Hathhorn
	Name of Director		Name of Director/Secretary

[Signature Page to PEA Management Services Agreement]

CLIENT COMPANIES

Wilpinjong Coal Pty Ltd

									
	Executed by Wilpinjong Coal Pty Ltd (ACN 104 594 694) in accordance with section 127 of the Corporations Act 2001 (Cth):
		
	/s/ Brock Haas
		/s/ Ferdinand Kruger

	Signature of Director		Signature of Director/Secretary

	Brock Haas		Ferdinand Kruger
	Name of Director		Name of Director/Secretary

PIC AU Holdings LLC

By: /s/ Robert F. Bruer 
Name: Robert F. Bruer
Title: President

PIC AU Holdings Corporation

By: /s/ Robert F. Bruer 
Name: Robert F. Bruer
Title: President

PIC Acquisition Corp.

By: /s/ Robert F. Bruer 
Name: Robert F. Bruer
Title: President

[Signature Page to PEA Management Services Agreement]

EXHIBIT A
SERVICES
Services to be Provided:
1. Accounting, including cost accounting services, capital and fixed asset accounting, balance sheet review and reconciliations, ledger control and maintenance, master data maintenance for cost centers, profit centers and mining/operating units, accounting support for marketing and sales, intercompany/affiliate accounting, tax accounting and management of internal accounting processes (including support and operation of internal audit and internal controls);
2. Finance, including supply chain systems (including access to order shipping and billing systems, access to procurement systems, warehouse and distribution services and logistics and planning), administrative services for internal/management financial reporting, accounts payable, accounts receivable, invoicing, financial statements and reporting systems and inventory management and reporting;
3. Treasury, including treasury banking, payment processing, bank account reconciliation and management, cash flow positions analysis, cash reports and forecasts, administration of account receivable securitization programs, lockboxes and payment of accounts payable and collection of accounts receivables; 
4. Tax, including consultation on federal and state excise tax, sales and use tax, property tax, payroll tax and/or federal and state income tax and reporting and filing;
5. Human Resources, including payroll services, compensation planning, benefit plan management, travel and expense reporting, time and attendance recording and employee management systems;
6. Information Technology and Telecommunications, including personal computing hardware provision, personal communication device management (including blackberries, iPhones, iPads and other handheld PDAs), software applications and systems, network systems (including application suites, phone, fax, email and internet service), security services, backup/recovery services, access to SAP systems (with appropriate data as necessary), data management, enterprise communications and standard IT support (including help desk services and SAP support);
7. Product Risk, including quality control services, risk control services and health, safety and environmental services, regulatory reporting and certification matters, consumer relations (including consumer contact processing and consumer reimbursement), product returns and problem notification.
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8. Corporate Strategy and Development, including generation strategy, asset valuation, business development, forecast and scenario planning;
9. Communications, including internal, external and administrative communications, branding, support services, and external affairs (including federal/state/local government regulatory affairs, community involvement, investor relations, corporate contributions, business association membership fees/dues);
10. Customer/Supplier relationships/support, including purchasing support, contract maintenance and negotiation, and marketing services;
11. Records management, including management, archiving and destruction of records, oversight and governance of compliance/corporate policies, and development and oversight of records retention policies;
12. Legal services from corporate in-house legal department, including drafting and reviewing legal documents and contracts, legal consultation and opinions, maintaining corporate books and records, litigation management, regulatory compliance, corporate structuring advice and management, administration of outside legal services, and advice for transactions;
13. Geological services; and
14. Mining reclamation bonding support, including the provision of financial assurance in support of surety bonds and bank guarantees with third party insurers and credit support by the Service Company or its direct parent for such surety bonds and bank guarantees.
Procedures and Policies for Determining Cost:
•Fees for Services will be calculated as Direct Costs plus Indirect Costs, in each case calculated as follows:  
◦Direct Costs will be calculated on a cost-plus basis, as follows: 
▪For the Services in Items 1-13 above, the Client Company shall pay the Service Company a sum equal to the Direct Cost plus a fee of five percent (5%); and
▪For Item 14, the Client Company shall pay the Service Company a sum equal to the Cost plus a fee equal to two percent (2%) of the total amount bonded.
◦Indirect Costs for each Service will be allocated to the Client Company in accordance with one of the following allocation factors:

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▪Percentage of Tons of Coal Produced: Allocation factor will be equal to (i) tons of coal produced by Client Company divided by (ii) total tons of coal produced by PEC’s Australian operations. 
▪Employee Time:  Allocation factor based on employee time will be calculated based on existing historical practices for cost allocations based on time spent by employees of Service Company in providing similar Services.
▪Percentage of Headcount:   Allocation factor will be equal to (i) number of employees employed by Client Company divided by (ii) total headcount of PEC’s Australian operations.
The Parties will mutually determine which allocation factors shall be used to calculate each Service within 10 business days after the date of this Agreement and will append such determination in writing to this Agreement.  
•“Cost” means the costs and expenses incurred by Service Company in the performance of Services, in each case including (a) the costs and expenses paid out of pocket by Service Company to any third party service provider or consultant to the extent such third party’s services (and corresponding fees) are incremental license fees or one-time consent fees payable by Service Company to a third party service provider or licensor to secure the software license rights required for Service Company to perform the Services in accordance with this Agreement or are paid to a third party service provider or consultant whose services are required to enable Service Company’s performance of the Services in accordance with this Agreement (such costs and expenses in this clause (a), “Direct Costs”) and (b) those costs and expenses incurred by Service Company to utilize its own employees (including salary, benefits and other employment-related costs applicable to individuals) and to utilize resources owned, leased, or licensed by Service Company in the applicable period to perform the Services; provided, however, that where an employee or other resource of Service Company supports both the performance of the Services for the benefit of another affiliate and the performance of any other activity, the costs and expenses relating to such employee or other resource shall be allocated proportionately (such costs and expenses in this clause (b), “Indirect Costs”).
•Prior to December 31 of each year during the Term, the Parties will agree on the Services to be provided and agree on the fees to be charged for such Services in the next calendar year.  The Parties agree that the fees for Services provided under this Agreement each year will be set at a value equal to the fair market value of those Services at the time the fees are agreed upon.  For purposes of this agreement, fair market value means the price that could be negotiated in an arm’s-length transaction between a willing seller and a willing buyer, neither of whom is under undue pressure or compulsion to complete the transaction.

        A-3

•In the event any additional Services are requested during a calendar year, the Parties will meet to agree on the Services to be provided and to calculate the fee for such Services.  The fees for any such Services will be allocated over the remaining monthly payments in such calendar year.

        A-4Exhibit 101

		

			Exhibit 10.1

		

		

			 

		

		
			SEPARATION AGREEMENT AND GENERAL RELEASE
		

		
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			This Separation Agreement and General Release (“Agreement”) is entered into by you, Pratip Dastidar, on behalf of yourself, your heirs, executors, administrators, successors, assigns and anyone else who may sue on your behalf (collectively, “you”) and The ServiceMaster Company, LLC, on behalf of itself, past and present subsidiaries, parent companies, affiliated entities, predecessors, successors, assigns, and their respective past and present officers, directors, employees, insurers and agents (collectively, “Company” or “ServiceMaster”).  In consideration of the mutual covenants in this Agreement, the parties hereby agree as follows:
		

		
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			1.    Separation from Employment:  Your employment at ServiceMaster will end, effective June 30, 2020 (“Separation Date”) and you will no longer hold any other position as officer or director with ServiceMaster or any of its subsidiaries or affiliates.
		

		
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			2.    Severance Benefits.  In exchange for your promises as set forth in this Agreement, and subject to your compliance with the terms and conditions hereof, ServiceMaster agrees to provide you with the following severance benefits:
		

		
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			a.    Salary Continuation.  You will receive payments in the total gross amount of $400,000.00 (the “Salary Continuation Payments”), which equals 52 weeks of your current base salary.
		

		
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			b.    Target Bonus.  You will receive payments totaling $240,000.00 (the “Target Bonus”), which equals your target bonus under the ServiceMaster Annual Bonus Plan (“ABP”) for the 2020 Plan year.
		

		
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			c.    COBRA Subsidy.  If you participate in ServiceMaster’s Health and Welfare Benefit Plan and elect to continue your medical coverage under the Plan pursuant to the Consolidated Omnibus Reconciliation Act (COBRA), you will receive a one-time lump sum payment of $8,703.00, which equals the difference between your monthly COBRA premiums and your premiums as an active employee for 12 months.  This payment will be made on the first practicable regularly scheduled pay date after the Company receives notice of your election to continue coverage under COBRA.
		

		
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			d.    Career Transition Assistance.  The Company will pay for executive-level career transition services for you with its outplacement services provider for up to 12 months, subject to its normal outplacement services program.  If you wish to initiate career transition services, you must do so within 60 days of your Separation Date by calling 1-877-700-7220, ext. 888 or go to www.lhh.com/register.
		

		
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			The Salary Continuation Payments and Target Bonus will be aggregated as a single sum and paid in 24 equal semi-monthly installments, starting on the first practicable regularly scheduled pay  date after the Effective Date (defined below).
		

		
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			Except as otherwise expressly specified in this Agreement, the compensation set forth in paragraph 2 above represents all of the amounts you will be entitled to receive from the Company and you will not be paid any other compensation or benefits.  In addition to any other remedies which may be available at law, the Company may suspend, cancel and/or seek the refund of any payments contemplated by this Agreement upon any violation by you of any representation, warranty or covenant set forth herein.
		

		
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			3.    Other Benefits. Upon separation of employment, you may be eligible for payout or benefits under the following policies, compensation plans and benefit plans, even if you do not sign this Agreement:
		

		
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			a.    Group Health Insurance.  If you participate in or are eligible to participate in the ServiceMaster Health and Welfare Benefit Plan, your eligibility to participate will end on your last day of employment. You will become eligible for continuation of coverage under COBRA on the first day following the last day of employment.  You are solely responsible for the payment of any premiums for COBRA coverage.
		

		
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			b.    Accrued unpaid wages.  You will be paid any accrued,  unpaid wages through your Separation Date (including any accrued, unused vacation time as reflected in ServiceMaster’s HRIS system) on the first regularly scheduled pay date following your Separation Date or within the time period required by applicable law.
		

		
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			c.    PSRP/401K.  If you participate in the ServiceMaster Profit Sharing and Retirement Plan (“PSRP”), your eligibility to participate will end on your Separation Date.  Any Company match credited to your account will follow the PSRP’s vesting schedules.  Any amounts to be paid, distributed, rolled over, or held under the PSRP will be paid, distributed, rolled over, or held in accordance with the terms of the PSRP and applicable rules and regulations.
		

		
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			d.    DCP.  If you participate in the ServiceMaster Deferred Compensation Plan (“DCP”), your eligibility to participate in the DCP will end on your Separation Date. Any balance in your DCP account will be distributed or held in accordance with your prior elections, subject to the terms of the DCP and applicable rules and regulations. 
		

		
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		e.    Stock Plans.  If you participate in any ServiceMaster stock plans, including the ServiceMaster Employee Stock Purchase Plan, the Amended and Restated ServiceMaster Global Holdings, Inc. Stock Incentive Plan, as amended and restated as of October 25, 2012 (“MSIP”), the Amended and Restated ServiceMaster Global Holdings, Inc. 2014 Omnibus Incentive Plan, as amended and restated as of April 27, 2015, and/or the ServiceMaster Global Holdings, Inc. Employee Stock Purchase Plan, any account balances, stock options, restricted stock units or other equity owned by you as of your Separation Date are subject to the terms and conditions of the applicable stock plans.  This Agreement does not change the terms of those plans.
		

		
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			4.    Release and Covenant Not to Sue.  
		

		
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			a.    Release:  In exchange for the consideration provided to you in this Agreement, you hereby release and forever discharge ServiceMaster, its past and present parent entities, subsidiaries, divisions, limited partnerships, affiliated corporations, successors and assigns,  as well as their respective past and present directors, managers, officers, partners, agents, employees, insurers, attorneys, servants, and each of them, separately and collectively (“Releasees”), from any and all known and unknown claims, charges, complaints, liens, demands, causes of action, obligations, damages and liabilities, known or unknown, suspected or unsuspected, whether or not mature or ripe (“Claims”), that you ever had and now have against any of the Releasees,  including, but not limited to, Claims arising out of or in any way related to your employment with or separation from the Company.  This includes, but is not limited to, Claims based on statutes, torts, contracts and common law, Claims for discrimination, wrongful discharge, harassment, retaliation, and unpaid wages, Claims arising under Title VII of the Civil Rights Act of 1964, the Fair Labor Standards Act (“FLSA”), Family Medical Leave Act (“FMLA”),  the Americans with Disabilities Act, the Age Discrimination in Employment Act, the Worker Adjustment and Retraining Notification Act, the Employee Retirement Income Security Act, and any applicable federal, state or local law or regulation governing the employment relationship. You understand that this Agreement includes a release of all known and unknown claims through the Effective Date.    
		

		
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			b.    Limitation of Release:  Nothing in this Agreement will prohibit you from filing a charge of discrimination with the National Labor Relations Board, the Equal Employment Opportunity Commission (“EEOC”) or an equivalent state civil rights agency.  Further, nothing in this Agreement shall be construed to waive any right that is not subject to waiver by private agreement under federal, state or local employment or other laws, such as claims for workers’ compensation or unemployment benefits or any claims that may arise after the Effective Date.
		

		
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			c.    Covenant Not To Sue.  To the extent that any Claims covered by the scope of the release herein are not subject to waiver by this Agreement under applicable law (including, without limitation, any Claims arising under or related to FMLA, FLSA, and any other local, state or federal statute governing employment and/or the payment of wages and benefits), you hereby covenant and agree not to sue or otherwise seek any remedy or other form of relief against any of the Releasees relating to such Claims.
		

		
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			d.    Representations: You represent that you (i) have been provided all benefits due under the Family and Medical Leave Act and any applicable state or local law; (ii) have received all wages due, including any overtime pay, bonus pay and commissions; (iii) that you have received all meals and rest breaks to which you were entitled under the Fair Labor Standards Act and any applicable state and local law; and (iv)  that you have not had any work-related accidents or injuries that you have not previously reported in writing to the Company.
		

		
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			5.    Confidential Information.  You acknowledge and agree that (a) you have not used or disclosed any Confidential Information other than as necessary in the ordinary course of performing your duties as a ServiceMaster employee for the benefit of ServiceMaster, and (b) you will keep in confidence and trust all Confidential Information known to you, and will not use or disclose such Confidential Information without the prior written consent of ServiceMaster.  As used in this Agreement, “Confidential Information” means (a) all trade secrets, proprietary information, business techniques and processes, technical know-how and other non-public information (including customer, supplier, marketing and financial information) used by the Company in connection with its business operations; (b) non-public business information obtained from customers, franchisees, suppliers, contractors and other business partners; and (c) private personnel information.  Nothing in this Agreement precludes you from (a) making any report or disclosure to a government agency to the extent required or protected by statute, regulation or other applicable law; or (b) testifying truthfully in any legal proceedings to the extent compelled by a valid subpoena. 
		

		
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			Pursuant to the Defend Trade Secrets Act, 18 USC §§ 1831-39, you are hereby noticed as follows: An individual may not be held criminally or civilly liable under any federal or state trade secret law for disclosure of a trade secret: (a) made in confidence to a government official, either directly or indirectly, or to an attorney, solely for the purpose of reporting or investigating a suspected violation of law; and/or (b) in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. Additionally, an individual suing an employer for retaliation based on the reporting of a suspected violation of law may disclose a trade secret to his or her attorney and use the trade secret information in the court proceeding, so long as any document containing the trade secret is filed under seal and the individual does not disclose the trade secret except pursuant to court order.
		

		

		

		 

		

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			6.    Restrictive Covenants.  For a period of 12 months following your Separation Date, you shall not, either personally or in concert with any other person (a) induce or encourage any ServiceMaster employee to terminate his/her employment or seek employment or association with any other person, business or entity; (b) own (other than as a passive shareholder of less than 1% of publicly traded stock), manage, operate, become employed by or provide service to any company that competes with ServiceMaster; (c)  solicit or sale any product or service in competition with ServiceMaster to any person, business or other entity that is a customer of ServiceMaster; or (d) interfere with ServiceMaster’s relations with any of its customers, franchisees, subcontractors, consultants, vendors or business partners.    This Agreement is in addition to and does not supersede any other agreements prohibiting non-interference or competition with ServiceMaster.
		

		
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			7.    Code of Ethics and Business Conduct.  You previously have been provided or have access through the Company intranet site to the Company Code of Ethics and Business Conduct (the “Code”).  The discovery of any failure by you to abide by the Code, whenever discovered, shall entitle the Company to exercise any and all available legal remedies, including the suspension and recoupment of any payments made or due under this Agreement and any other agreements between the parties.
		

		
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			8.    Return of ServiceMaster Property.  You agree to return to ServiceMaster all ServiceMaster property, equipment and materials, including, but not limited to, any company vehicle, any laptop computer and peripherals; any cell phone or other portable computing device; any telephone calling cards; keys; ServiceMaster identification card; any credit or fuel cards; and all tangible written or graphic materials (and all copies) relating in any way to ServiceMaster or its business, including, without limitations, documents, manuals, customer lists and reports, as well as all data contained on computer files, “thumb” drives, “cloud” services, or other data storage device, or home or personal computers.   
		

		
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			9.    Assistance.  You agree to provide information to ServiceMaster as requested to help transition your job duties and to cooperate fully with the Company and its counsel with respect to any claims, investigations, legal proceedings or other matters relating to your employment or about which you have knowledge.  You further agree to notify ServiceMaster’s General Counsel or designee immediately in the event you are asked to assist or supply information to any person or entity regarding any such matters.
		

		
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			10.    Non-Disparagement.  You agree that you will refrain from taking actions or making statements, written or oral, which criticize, disparage or defame the business, goodwill or reputation of ServiceMaster (including its products and services), its directors, officers, executives, subsidiaries, parent entities, and/or employees or making statements which could adversely affect the morale of other employees.  Similarly, the Company will instruct its chief executive officer and other executive officers to refrain from making any statements to third parties that disparage or defame you.  You agree to direct any prospective employers seeking to verify your employment data to The Work Number (www.theworknumber.com or 1.800.367.5690; company code “12319”), an on-line employment verification service operated by Equifax Workforce Solutions. Nothing in this Agreement precludes either party from (a) making any report or disclosure to a government agency to the extent required or protected by statute, regulation or other applicable law; or (b) testifying truthfully in any legal proceedings to the extent compelled by a valid subpoena.
		

		
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			11.    Severability.  You and ServiceMaster agree that to the extent that any portion of this Agreement may be held to be invalid or legally unenforceable, the remaining portions will not be affected and will be given full force and effect. 
		

		
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			12.    Dispute Resolution.  Any dispute or controversy between you and ServiceMaster, whether arising out of or relating to this Agreement, the breach of this Agreement, or otherwise, shall be subject to The ServiceMaster We Listen Dispute Resolution Plan in effect on your Separation Date, which provides the mandatory and exclusive remedy and procedure for disputes between you and ServiceMaster.  Notwithstanding the foregoing, you agree that ServiceMaster may seek  a temporary restraining order and/or preliminary injunction in any court of competent jurisdiction, without the posting of a bond, in order to preserve the status quo or to enforce the covenants in this Agreement.
		

		
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			13.    Notices.  All notices required or permitted pursuant to this Agreement shall be in writing and shall be deemed effectively given: (a) if to ServiceMaster, when sent by electronic mail with confirmation of delivery; (b), if to you, (i)  upon personal delivery, (ii) when sent by electronic mail with confirmation of delivery, (iii) five days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (iv) one day after deposit with a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt. Such notice shall be addressed as follows:
		

		
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						If to ServiceMaster:

					
						The ServiceMaster Company, LLC

					
						Attn: VP & Deputy General Counsel

					
						marcus.mcdaniel@servicemaster.com

					
						legal@servicemaster.com

					
					
						 

					
					
						 

				

		
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			If to you, at the most recent address listed in the Company’s human resources information system.
		

		
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		14.    Governing Law and Venue.  The interpretation, construction and performance of this Agreement shall be governed by and construed and enforced in accordance with the internal laws of the State of Tennessee without regard to the principle of conflicts of laws.  Subject to the dispute resolution provisions herein, any judicial proceeding arising from and relating to this Agreement shall be brought in courts having competent jurisdiction located in the State of Tennessee, which shall be the exclusive forum for resolving such disputes.  Both parties consent to the personal jurisdiction of such courts for the purposes of this Agreement.  The parties shall stipulate in any proceeding that this Agreement is considered for all purposes to have been executed and delivered in the State of Tennessee.
		

		
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			15.    Taxes.  Unless otherwise specified, all payments contemplated by this Agreement shall be subject to applicable payroll taxes and other required withholdings.  This Agreement is intended to comply with the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and shall be interpreted and construed consistently with such intent.  Payments provided herein are intended to be exempt from Section 409A of the Code to the maximum extent possible under either the separation pay exemption pursuant to Treasury regulation §1.409A-1(b)(9)(iii) or as short-term deferrals pursuant to Treasury regulation §1.409A-1(b)(4), and for such purposes, each payment under this Agreement shall constitute a “separately identified” amount within the meaning of Treasury regulation §1.409A-2(b)(2).  In the event the terms of this Agreement would subject you to taxes or penalties under Section 409A of the Code (“409A Penalties”), you shall cooperate diligently with the Company to amend the terms of this Agreement to avoid such 409A Penalties, to the extent possible; provided, that in no event shall the Company be responsible for any 409A Penalties that arise in connection with any amounts payable under this Agreement.    You understand that the Company has not provided any advice regarding the tax liability resulting from this Agreement and you shall not rely upon any representations or policies of the Company related to taxation.  You are advised to seek the advice of your own personal tax advisor or counsel as to the tax treatment of any payments contemplated by this Agreement.  The Company specifically disclaims that it has responsibility for the proper calculation or payment of any taxes which may be due other than for standard statutory withholding.
		

		
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			16.    Entire Agreement.  You and ServiceMaster agree that this Agreement constitutes the complete understanding between you and ServiceMaster regarding the matters herein and that no other promises or agreements, express or implied, will be binding between you and ServiceMaster unless signed in writing by you and ServiceMaster.  This Agreement fully supersedes and replaces any and all prior agreements or understandings, if any, between you and ServiceMaster on any matter that is addressed in this Agreement with the exception of confidentiality/non-solicitation/non-compete issues except as stated herein. 
		

		
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			17.    OWBPA Notice.  Pursuant to the federal Older Workers Benefit Protection Act, you are advised as follows:
		

		
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				 ·
			

			
	
			
			This Agreement includes a waiver of claims of age discrimination under the federal Age Discrimination in Employment Act; 

			
	
			
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			You are advised to consult with your personal attorney before signing this Agreement; 

			
	
			
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			You have 21 days from your receipt of this Agreement to consider the Agreement (the “Review Period”);

			
	
			
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			If your executed Agreement is not received by the Company within seven days from the end of the Review Period, the Agreement and any promises offered on behalf of Company contained therein will be null and void;

			
	
			
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			You have seven days after you sign this Agreement to revoke the Agreement. 

		
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			18.    Effective Date:  This Agreement becomes effective on the 8th day after you sign, provided you do not revoke the Agreement as provided above.
		

		
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			YOU ACKNOWLEDGE THAT YOU HAVE READ THIS AGREEMENT CAREFULLY, UNDERSTAND ALL OF ITS TERMS AND AGREE TO THOSE TERMS KNOWINGLY, FREELY, VOLUNTARILY, AND WITHOUT DURESS.  YOU HAVE CONSULTED WITH YOUR PERSONAL ATTORNEY (OR HAVE HAD AN OPPORTUNITY TO DO SO) REGARDING THE TERMS AND LEGAL EFFECT OF THIS AGREEMENT.
		

		
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						/s/    Pratip Dastidar

					
					
						 

					
					
						/s/    David Dart

				
	
					
						Pratip Dastidar

					
					
						 

					
					
						David Dart

				
	
					
						﻿

					
					
						 

					
					
						SVP & Chief Human Resources Officer

				
	
					
						﻿

					
					
						 

					
					
						The ServiceMaster Company, LLC

				
	
					
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						Date:    6-30-2020

					
					
						 

					
					
						Date:    6-30-2020

				

		
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