Document:

2004 Moody's Corporation Covered Employee Cash Incentive Plan, as amended

 Exhibit 10.2 

2004 MOODY’S CORPORATION 

COVERED EMPLOYEE CASH INCENTIVE PLAN 

(as amended, December 15, 2009) 
  

	 	1.	Purpose of the Plan 

 The
purpose of the Plan is to advance the interests of the Company and its stockholders by providing incentives in the form of periodic cash bonus awards to certain management employees of the Company and its Subsidiaries, thereby motivating such
employees to attain performance goals established pursuant to the Plan. 
  

	 	2.	Definitions 

 The
following capitalized terms used in the Plan have the respective meanings set forth in this Section: 
  

	 	(a)	Act: The Securities Exchange Act of 1934, as amended, or any successor thereto. 

 

	 	(b)	Award: A periodic cash bonus award granted pursuant to the Plan. 

  

	 	(c)	Beneficial Owner: As such term is defined in Rule 13d-3 under the Act (or any successor rule thereto). 

 

	 	(d)	Board: The Board of Directors of the Company. 

  

	 	(e)	 Change in Control: The occurrence of a change in ownership of Moody’s Corporation, a change in the effective control of Moody’s
Corporation, or a change in the ownership of a substantial portion of the assets of Moody’s Corporation. For this purpose, a change in the ownership of Moody’s Corporation occurs on the date that any one person, or more than one person
acting as a group (as determined pursuant to the regulations under Section 409A), acquires ownership of stock of Moody’s Corporation that, together with stock held by such person or group, constitutes more than 50 percent of the total fair
market value or total voting power of the stock of Moody’s Corporation. A change in effective control of Moody’s Corporation occurs on either of the following dates: (1) the date any one person, or more than one person acting as a
group acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or persons) ownership of stock of Moody’s Corporation possessing 50 percent or more of the total voting power of the
stock of Moody’s Corporation, or (2) the date a majority of members of the Board is replaced during any 12-month period by directors whose appointment or election is not endorsed by a majority of the members of the Board before the date of
the appointment or election. A change in the ownership of a substantial portion of the assets of Moody’s Corporation occurs on the date that any one person, or more than one person acting as a group, acquires (or has acquired during the
12-month 

 
period ending on the date of the most recent acquisition by such person or persons) assets from Moody’s Corporation that have a total gross fair market value (as determined pursuant to the
regulations under Section 409A) equal to or more than 40 percent of the total gross fair market value of all of the assets of Moody’s Corporation immediately before such acquisition or acquisitions. 

 

	 	(f)	Code: The Internal Revenue Code of 1986, as amended, or any successor thereto. 

 

	 	(g)	Committee: The Governance and Compensation Committee of the Board, or any successor thereto or any other committee designated by the Board to assume the
obligations of the Committee hereunder. 

  

	 	(h)	Company: Moody’s Corporation, a Delaware corporation. 

  

	 	(i)	Covered Employee: An employee who is, or who is anticipated to become, a covered employee, as such term is defined in Section 162(m) of the Code (or any
successor section thereto) and the Treasury Regulations promulgated thereunder. 

  

	 	(j)	Effective Date: The date on which the Plan takes effect, as defined pursuant to Section 13 of the Plan. 

 

	 	(k)	Participant: A Covered Employee of the Company or any of its Subsidiaries who is selected by the Committee to participate in the Plan pursuant to Section 4
of the Plan. 

  

	 	(l)	Performance Period: The calendar year or any other period that the Committee, in its sole discretion, may determine. 

 

	 	(m)	Person: As such term is used for purposes of Section 13(d) or 14(d) of the Act or any successor sections thereto. 

 

	 	(n)	Plan: The 2004 Moody’s Corporation Covered Employee Cash Incentive Plan. 

 

	 	(o)	Shares: Shares of common stock, par value $0.01 per Share, of the Company. 

 

	 	(p)	Subsidiary: A subsidiary corporation, as defined in Section 424(f) of the Code (or any successor section thereto). 

 

	 	3.	Administration 

 The Plan
shall be administered by the Committee or such other persons designated by the Board. The Committee may delegate its duties and powers in whole or in part to any subcommittee thereof consisting solely of at least two individuals who are each
“non-employee directors” within the meaning of Rule 16b-3 of the Act (or any successor rule thereto) and “outside directors” within the meaning of Section 162(m) of the Code (or any successor section thereto) and the
Treasury Regulations promulgated thereunder. The Committee shall have the authority to select the Covered Employees to be granted Awards under the Plan, to determine the size and terms of an Award (subject to the limitations imposed on Awards in
Section 5 below), to 
  

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modify the terms of any Award that has been granted (except for any modification that would increase the amount of the Award), to determine the time when Awards will be made and the Performance
Period to which they relate, to establish performance objectives in respect of such Performance Periods and to certify that such performance objectives were attained; provided, however, that any such action shall be consistent with the
applicable provisions of Section 162(m) of the Code. The Committee is authorized to interpret the Plan, to establish, amend and rescind any rules and regulations relating to the Plan, and to make any other determinations that it deems necessary
or desirable for the administration of the Plan; provided, however, that any action permitted to be taken by the Committee may be taken by the Board, in its discretion, to the extent that any such action taken by the Board is consistent with
the applicable provisions of Section 162(m) of the Code. The Committee may correct any defect or omission or reconcile any inconsistency in the Plan in the manner and to the extent the Committee deems necessary or desirable. Any decision of the
Committee in the interpretation and administration of the Plan, as described herein, shall lie within its sole and absolute discretion and shall be final, conclusive and binding on all parties concerned. Determinations made by the Committee under
the Plan need not be uniform and may be made selectively among Participants, whether or not such Participants are similarly situated. The Committee shall have the right to deduct from any payment made under the Plan any federal. state, local or
foreign income or other taxes required by law to be withheld with respect to such payment. To the extent consistent with the applicable provisions of Sections 162(m) of the Code, the Committee may delegate to one or more employees of the Company or
any of its Subsidiaries the authority to take actions on its behalf pursuant to the Plan. 
  

	 	4.	Eligibility and Participation 

The Committee shall designate those persons who shall be Participants for each Performance Period. Participants shall he selected from
among the Covered Employees of the Company and any of its Subsidiaries who are in a position to have a material impact on the results of the operations of the Company or of one or more of its Subsidiaries. 

 

	 	5.	Awards 

  

	 	(a)	 Performance Goals. A Participant’s Award shall be determined based on the attainment of one or more pre-established, objective performance
goals established in writing by the Committee, for a Performance Period established by the Committee, (i) at a time when the outcome for the Performance Period is substantially uncertain and (ii) not later than 90 days after the
commencement of the Performance Period to which the performance goal relates, but in no event after 25 percent of the relevant Performance Period has elapsed. The performance goals shall be based upon one or more or the following criteria:
(i) earnings before or after taxes (including earnings before interest, taxes, depreciation and amortization); (ii) net income; (iii) operating income; (iv) earnings per Share; (v) book value per Share: (vi) return on
stockholders’ equity; (vii) expense management; (viii) return on investment before or after the cost of capital; (iv) improvements in capital structure; (x) profitability of an identifiable business unit or product;
(xi) maintenance or improvement of profit margins; (xii) stock price: (xiii) market share; (xiv) revenues or sales; (xv) costs; (xvi) cash 

 

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flow; (xvii) working capital; (xviii) changes in net assets (whether or not multiplied by a constant percentage intended to represent the cost of capital); (xix) return on assets;
(xx) accuracy, stability, quality or performance of ratings; and (xxi) customer or investor satisfaction or value survey results. The foregoing criteria may relate to the Company, one or more of its Subsidiaries or one or more of its
divisions, units, partnerships, joint ventures or minority investments, product lines or products or any combination of the foregoing, and may be applied on an absolute basis and/or be relative to one or more peer group companies or indices, or any
combination thereof, all as the Committee shall determine. In addition, to the degree consistent with Section 162(m) of the Code (or any successor section thereto) the performance goals may be calculated without regard to extraordinary items.
The maximum amount of an Award to any Participant with respect to a performance period of one calendar year or less shall be $5,000,000. The maximum amount of an Award to any Participant with respect to a multi-year performance period shall be the
product of $5,000,000 multiplied by the number of years in the performance period. 
  

	 	(b)	Payment. The Committee shall determine whether, with respect to a Performance Period, the applicable performance goals have been met with respect to a given
Participant and, if they have, to so certify in writing and ascertain the amount of the applicable Award. No Awards will be paid for such Performance Period until such certification is made by the Committee. The amount of the Award actually paid to
a given Participant may be less than the amount determined by the applicable performance goal formula (including zero), at the discretion of the Committee. The amount of the Award determined by the Committee for a Performance Period shall be paid to
the Participant at such time as determined by the Committee in its sole discretion after the end of such Performance Period. 

  

	 	(c)	Compliance with Section 162(m) of the Code. The provisions of this Section 5 shall be administered and interpreted in accordance with
Section 162(m) of the Code and the Treasury Regulations promulgated thereunder to ensure the deductibility by the Company or its Subsidiaries of the payment of Awards: provided, however. that the Committee may, in its sole discretion,
administer the Plan in violation of Section 162(m) of the Code. 

  

	 	(d)	Termination of Employment. Upon a termination of employment by reason of death, disability or retirement, a Participant shall have such rights in any Award
theretofore granted to him, if any, as may be prescribed by the Award agreement. Upon a termination of employment for any reason other than death, disability or retirement prior to the end of any applicable performance period, a Participant shall
forfeit all rights in and to any Award theretofore granted to him, unless the Committee, in its sole discretion, shall determine otherwise. 

  

	 	6.	Amendments or Termination 

The Board or the Committee may amend, alter or discontinue the Plan, but no amendment, alteration or discontinuation shall be made which
would impair any of the rights or 
  

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obligations under any Award theretofore granted to a Participant under the Plan without such Participant’s consent; provided, however, that the Board or the Committee may amend the
Plan in such manner as it deems necessary to permit the granting of Awards meeting the requirements of Section 162(m) of the Code or other applicable laws. Notwithstanding anything to the contrary herein, the Board may not amend, alter or
discontinue the provisions relating to Section 10(b) of the Plan after the occurrence of a Change in Control. 
  

	 	7.	No Right to Employment 

Neither the Plan nor any action taken hereunder shall be construed as giving any Participant or other person any right to continue to be
employed by or perform services for the Company or any Subsidiary, and the right to terminate the employment of or performance of services by any Participant at any time and for any reason is specifically reserved to the Company and its
Subsidiaries. 
  

	 	8.	Nontransferability of Awards 

An award shall not be transferable or assignable by the Participant otherwise than by will or by the laws of descent and distribution.

  

	 	9.	Reduction of Awards 

Notwithstanding anything to the contrary herein, the Committee, in its sole discretion (but subject to applicable law), may reduce any
amounts payable to any Participant hereunder in order to satisfy any liabilities owed to the Company or any of its Subsidiaries by the Participant. 
  

	 	10.	Adjustments Upon Certain Events 

  

	 	(a)	Generally. In the event of any change in the outstanding Shares by reason of any Share dividend or split, reorganization, recapitalization, Merger,
consolidation, spin-off, combination or exchange of Shares or other corporate exchange, or any distribution to stockholders of Shares other than regular cash dividends, the Committee in its sole discretion and without liability to any person may
make such substitution or adjustment, if any, as it deems to be equitable, as to any affected terms of outstanding Awards. 

  

	 	(b)	Change in Control. In the event that (1) a Participant’s employment is actually or constructively terminated during a given Performance Period (the
“Affected Performance Period”) and (ii) a Change in Control shall have occurred within the 365 days immediately preceding the date of such termination, then such Participant shall receive, promptly after the date of such termination.
payment pursuant to his or her Award for the Affected Performance Period as if the performance goals for such Performance Period had been achieved at 100%. 

  

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	 	11.	Miscellaneous Provisions 

The Company is the sponsor and legal obligor under the Plan and shall make all payments hereunder, other than any payments to be made by
any of the Subsidiaries (in which case payment shall be made by such Subsidiary, as appropriate). 
 The company shall not be
required to establish any special or separate fund or to make any other segregation of assets to ensure the payment of any amounts under the Plan, and the Participants’ rights to the payment hereunder shall be no greater than the rights of the
Company’s (or Subsidiary’s) unsecured creditors. All expenses involved in administering the Plan shall be borne by the Company. 
  

	 	12.	Governing Law 

 The
interpretation, performance and enforcement of this Plan and any disputes or controversies arising with respect to the transactions contemplated herein, shall be governed by the laws of the State of Delaware, irrespective of Delaware’s choice
of law principles that would apply the law of any other jurisdiction. 
  

	 	13.	Effective Date 

 The Plan
as amended shall be effective as of December 15, 2009. 
  

 6Form of Severance Agreement

 Exhibit 10.1 

Form of Severance Agreement 

[Date] 
 [Name and Address]

 Dear                     : 

This letter (this “Agreement”) sets forth our agreement concerning certain potential terminations of your employment
with Harman International Industries, Incorporated (the “Company”). 
 1. Severance.
Subject to the other provisions of this Agreement, if your employment with the Company is terminated by the Company other than for Cause or Disability, or by you for Good Reason (any termination entitling you to severance pursuant to this sentence,
a “Qualifying Termination”), subject to your execution and non-revocation of the release of claims described in Section 6 below, the Company will (i) pay you, on the
60th day following such termination, a lump sum severance
payment equal your annual base salary as in effect as of the date of such termination, (ii) pay you a prorated bonus for the fiscal year during which such termination occurs (such proration to be based on the portion of such fiscal year during
which you were employed by the Company and its affiliates), payable based on actual performance (determined according to the procedures the Company would have applied had you remained employed through the bonus payment date) at the same time annual
bonuses for such fiscal year are paid to Company employees generally, and (iii) provide you with reasonable outplacement services for one year after such termination (the cost of such services not to exceed $50,000). In addition, for a period
(the “Continuation Period”) of 12 months following the date of a Qualifying Termination, the Company will arrange to provide you (and your dependents) with coverage under the Company’s medical, dental or other health plan, but
only to the extent that you make a payment to the Company in an amount equal to the monthly COBRA premium payments on a timely basis required to maintain such coverage commencing with the first calendar month following the date of such termination,
and the Company shall reimburse you (in accordance with the schedule set forth in Section 8) on an after-tax basis for the amount of such premiums, if any, in excess of any employee contributions necessary to maintain such coverage for the
Continuation Period (the “COBRA Reimbursement”). 
 2. Change in Control. Notwithstanding any other
provision of this Agreement, this Agreement shall have no application with respect to any termination of your employment during the Severance Period (as defined in the Severance Agreement between the Company and you, dated
                     (the “Change in Control Severance Agreement”), and subject to the modification of such definition set forth in
the next sentence). You and the Company agree that the Change of Control Severance Agreement is hereby amended to provide that the Severance Period will commence on the date of the first occurrence of a Change in Control (rather than six months
prior thereto) and to eliminate provisions addressing the potential occurrence of a Termination Date prior to a Change in Control (all capitalized terms in this sentence not defined herein shall have the meanings ascribed to them in the Change in
Control Severance Agreement). 

 3. Definition of Cause. Termination for “Cause” means a termination
of your employment by the Company based on your (i) commission of a crime (other than a vehicular misdemeanor), (ii) intentional commission of damage to property of the Company or any of its affiliates that causes material harm to the
Company or any of its affiliates, (iii) intentional wrongful disclosure of secret processes or confidential information of the Company or any of its affiliates that causes material harm to the Company or any of its affiliates,
(iv) intentional wrongful engagement in any Competitive Activity (as defined in the Change in Control Severance Agreement), (v) misconduct which materially damages or injures the Company or any of its affiliates, or (vi) gross
negligence in the performance of, or your willful failure to perform, your duties and responsibilities. 
 4. Definition of
Good Reason. Termination by you for “Good Reason” means a termination of your employment by you that follows the occurrence of any of the following: (i) an involuntary relocation that increases your commute by more than 50
miles, (ii) a material diminution in your base salary (other than pursuant to across-the-board reductions that apply uniformly to similarly situated employees generally), (iii) a material diminution in your overall compensation opportunity
(other than pursuant to across-the-board reductions that apply uniformly to similarly situated employees generally), or (iv) a material reduction in your authority or position with the Company. Notwithstanding the foregoing, a termination shall
be deemed to be for Good Reason hereunder only if you provide written notice to the Company of the existence of one or more of the conditions described herein within 90 days following your knowledge of the initial existence of such condition, the
Company fails to cure such condition during the 30-day period (the “Cure Period”) following its receipt of such notice, and you terminate employment within 30 days following the conclusion of the Cure Period. 

5. Definition of Disability. Termination by the Company for “Disability” means termination based on your
inability to perform your duties and responsibilities by reason of illness or incapacity for a total of 180 days in any twelve-month period. 

6. Release of Claims. The Company’s obligation to make the payments hereunder is conditioned upon your execution and delivery
to the Company (within 50 days after the date of your Qualifying Termination), and non-revocation, of a release of claims, in substantially the form set forth as Exhibit A hereto (with any changes as are reasonably requested by the Company to
reflect changes in law or practice). 
 7. Withholding of Taxes. The Company may withhold from any amounts payable under
this Agreement all federal, state, city or other taxes as the Company is required to withhold pursuant to any applicable law, regulation or ruling. 

8. Section 409A. The intent of the parties hereto is that payments and benefits under this Agreement comply with or be exempt
from Section 409A of the Internal Revenue Code (the “Code”) and the regulations and guidance promulgated thereunder (collectively, “Section 409A”) and, accordingly, to the maximum extent permitted, this
Agreement shall be interpreted and administered to be in compliance therewith. Notwithstanding any provision in this Agreement to the contrary, no payment or benefit that is deferred compensation for purposes of Section 409A and that is due
upon your termination of 
  

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employment will be paid or provided unless such termination is also a “separation from service” (within the meaning of Section 409A). Whenever a payment under this Agreement
specifies a payment period with reference to a number of days (e.g., “payment shall be made within 30 days following the date of termination”), the actual date of payment within the specified period shall be within the sole
discretion of the Company. If at the time of your separation from service (as defined in Section 409A) with the Company, you are a “specified employee” (within the meaning of Section 409A, using the identification methodology
selected by the Company from time to time), any payment hereunder that is considered deferred compensation under Section 409A and that is payable on account of your separation from service (and that would otherwise be paid prior to the
six-month anniversary of such separation) shall be delayed (the “Section 409A Delay”) until the earlier of your death or the six-month anniversary of such separation from service and shall then be promptly paid, together with
interest for the period of delay, compounded annually, equal to the prime rate (as published in The Wall Street Journal and in effect as of the date the payment should otherwise have been provided). All COBRA Reimbursements shall (subject to
the Section 409A Delay) be made within 30 days following the date on which you incur the expense but no later than December 31 of the year following the year in which you incur the related expense, provided that in no event shall the
reimbursements or in-kind benefits to be provided by the Company in one taxable year affect the amount of reimbursements or in-kind benefits to be provided in any other taxable year, nor shall your right to reimbursement or in-kind benefits be
subject to liquidation or exchange for another benefit. 
 9. Section 280G Cutback. Notwithstanding any provision of
this Agreement to the contrary, if any amount or benefit to be paid or provided under this Agreement would be an “excess parachute payment” (within the meaning of Section 280G of the Code, or any successor provision thereto) but for
the application of this sentence, then the payments and benefits to be paid or provided under this Agreement will be reduced to the minimum extent necessary (but in no event to less than zero) so that no portion of any such payment or benefit, as so
reduced, constitutes an excess parachute payment. Whether requested by you or the Company, the determination of whether any reduction in such payments or benefits to be provided under this Agreement or otherwise is required pursuant to the preceding
sentence will be made at the expense of the Company by the Company’s independent accountants. The fact that your right to payments or benefits may be reduced by reason of the limitations contained in this Section 9 will not of itself limit
or otherwise affect any rights you have other than pursuant to this Agreement. In the event that any payment or benefit intended to be provided under this Agreement is required to be reduced pursuant to this Section 9, the Company will reduce
your payments and/or benefits, to the extent required, in the following order: (i) the lump sum payment described in Section 1, (ii) the outplacement benefit described in Section 1, (iii) the health continuation benefits set
forth in Section 1, and (iv) the prorated bonus set forth in Section 1. 
 10. Restrictive Covenants. The
Company and you hereby agree that the provisions of Sections 8(b)-8(d) of the Change in Control Severance Agreement are hereby incorporated herein by reference (for such purposes, references in the Change in Control Severance Agreement to the
“Term” shall be deemed to refer to the entire period of your employment with the Company and its affiliates). In addition, for a period of one year following any Qualifying Termination, you shall not, without the prior written consent of
the Company, 
  

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which consent shall not be unreasonably withheld, engage in any Competitive Activity (for purposes of incorporation of Section 8(d) of the Change in Control Severance Agreement, the covenant
set forth in this sentence shall be deemed to be included in Section 8 of the Change in Control Severance Agreement). 

11. At-Will Employment. Notwithstanding anything herein to the contrary, your employment with the Company is terminable at will
with or without Cause (subject to the obligations of the Company hereunder). Nothing expressed or implied in this Agreement will create any right or duty on the part of the Company or you to have you remain in the employment of the Company and its
affiliates for any specific duration. 
 12. Governing Law and Dispute Resolution. The validity, interpretation,
construction and performance of this Agreement will be governed by and construed in accordance with the substantive laws of the State of Delaware, excluding any conflicts or choice of law rule or principle that might otherwise refer construction or
interpretation of this Agreement to the substantive law of another jurisdiction. Any disputes, litigation, proceedings or other legal actions by any party to this Agreement in connection with or relating to this Agreement or any matters described or
contemplated in this Agreement may be instituted in the courts of the State of Delaware or of the United States sitting in the State of Delaware. Each party to this Agreement irrevocably submits to the jurisdiction of the courts of the State of
Delaware and of the United States sitting in the State of Delaware in connection with any such dispute, litigation, proceeding or other legal action arising out of or relating to this Agreement. 

13. Entire Agreement. This Agreement sets forth the entire understanding with respect to the subject matter hereof and supersedes
all prior agreements, written or oral or express or implied, between you and the Company or any affiliate of the Company as to such subject matter, other than the Change in Control Severance Agreement. Any payments provided hereunder shall, subject
to Section 2, constitute the exclusive payments due to you from, and the exclusive obligation of, the Company and its affiliates in the event of any termination of your employment, except for any benefits which may be due you in normal course
under any employee benefit plan of the Company (other than a severance plan) which provides benefits after termination of employment. 

14. Notices. For all purposes of this Agreement, all communications, including without limitation notices, consents, requests or
approvals, required or permitted to be given hereunder will be in writing and will be deemed to have been duly given when hand delivered or dispatched by electronic facsimile transmission (with receipt thereof orally confirmed), or five business
days after having been mailed by United States registered or certified mail, return receipt requested, postage prepaid, or three business days after having been sent by a nationally recognized overnight courier service such as FedEx, UPS, or
Purolator, addressed to the Company (to the attention of the Secretary of the Company) at its principal executive office and to you at your address on the books of the Company, or to such other address as any party may have furnished to the other in
writing and in accordance herewith, except that notices of changes of address shall be effective only upon receipt. 
  

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 15. Miscellaneous. This Agreement may not be amended, nor may any provision hereof be
modified or waived, except by an instrument in writing duly signed by you and the Company. If any provision of this Agreement, or any application thereof to any circumstances, is invalid, in whole or in part, such provision or application shall to
that extent be severable and shall not affect other provisions or applications of this Agreement. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original but all of which together will constitute
one and the same agreement. 
 Please indicate your agreement by signing below and retain one copy for your records. 

 

			
	Sincerely,
	
	HARMAN INTERNATIONAL INDUSTRIES, INCORPORATED
		
	 By:
	 	  

	 Name:
	 	
	 Its:
	 	

 Agreed and Accepted: 
  

	
	  

  

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 Exhibit A 

SAMPLE RELEASE (“RELEASE”) 

In consideration of the agreement by Harman International Industries, Incorporated (the “Company” or “Employer”) to
provide the benefits described in the letter agreement between me and the Company dated                      (the “Agreement”) and in
consideration for the Company’s other promises in the Agreement and herein, I agree as follows: 
  

	1.	Release of Known and Unknown Claims by Me. 

  

	 	a)	I hereby release and forever discharge the Company and each of its associates, owners, stockholders, affiliates, divisions, subsidiaries, predecessors, successors,
heirs, assigns, agents, directors, officers, partners, employees, representatives, and insurers (collectively, the “Company Releasees”) of and from any and all manner of action or actions, cause or causes of actions, in law or in equity,
suits, debts, liens, contracts, agreements, promises, liabilities, claims, demands, damages, loss, cost or expense, of any nature whatsoever, known or unknown, fixed or contingent, which I now have or may have against the Company or any Company
Releasee to the extent acting by, through, under or in concert with the Company, by reason of any matter, cause or thing whatsoever from the beginning of time to the Effective Date (as defined below). The claims released herein include, without
limitation, claims arising out of, based upon, or relating to the hire, employment, remuneration or termination of my employment and any claims constituting, arising out of, based upon, or relating to any tort theory, any express or implied
contract, Title VII of the Civil Rights Act of 1964, the Civil Rights of 1866, the Civil Rights Act of 1991, the Age Discrimination in Employment Act (29 U.S.C. §§ 621 et seq.), the Equal Pay Act, the Fair Labor Standards Act, the
Consolidated Omnibus Budget Reconciliation Act, the Employee Retirement Income Security Act, the Family and Medical Leave Act, the Americans with Disabilities Act, and any other local, state or federal law governing the employment relationship.
Notwithstanding anything herein to the contrary, nothing herein or otherwise shall release the Company from any claims, rights or damages that I may have (i) under Section 1 of the Agreement or under this Release; (ii) as a
stockholder in the Company; or (iii) that may not be released or waived as a matter of law. 

  

	 	b)	 I expressly acknowledge, agree and recite that (i) the release and waiver set forth in subsection 1(a) above are written in a manner I understand;
(ii) in executing this Release, I am not waiving rights or claims that may arise after the date that this Release becomes effective; (iii) I am waiving rights or claims only in exchange for consideration in addition to anything to which I
am otherwise entitled; (iv) I have entered into and executed this Release knowingly and voluntarily; (v) I have been given up to twenty-one (21) days to consider the terms of this Release and understand its terms; (vi) I have
been advised of the opportunity to seek the advice of legal counsel in this matter and to obtain my 

	 	
counsel’s assistance in reviewing this Release; (vii) I have read and understand this Release in its entirety; and (viii) I have not been forced to sign this Release by any
employee or agent of Employer. 

  

	 	c)	I represent and warrant that there has been no assignment or other transfer of any interest in any claims released hereunder, and I agree to indemnify and hold the
Company Releasees harmless from any liability, claims, demands, damages, reasonable costs, reasonable expenses and reasonable attorney’s fees incurred by the Company Releasees as a result of any person asserting any such assignment or transfer.
It is the intention of the parties that this indemnity does not require payment as a condition precedent to recovery by the Company Releasees against me under this indemnity. 

 

	 	d)	I agree that, except for claims made to or brought by the Equal Employment Opportunity Commission (“EEOC”), if I hereafter commence, join in, or in any manner
seek relief through any suit arising out of, based upon or relating to any of the claims released hereunder, or in any manner assert against the Company Releasees any of the claims released hereunder, I shall pay to the Company Releasees in addition
to any other damages caused to the Company Releasees thereby, all reasonable attorneys fees incurred by the Company Releasees in defending or otherwise responding to said suit or claim. 

 

	 	e)	It is my intention that my execution of this Release will forever bar every claim, demand, cause of action, charge and grievance released above.

  

	2.	Assumption of Risk. Each of the parties fully understands that if any fact with respect to any matter covered by this Release is found hereafter to be other
than, or different from, the facts now believed by any of the parties to be true, each of the parties expressly accepts and assumes the risk of such possible difference in fact and agrees that the release provisions hereof shall be and remain
effective notwithstanding any such difference in fact. 

  

	3.	No Pending Actions. I represent that I do not presently have on file any complaint, charge or claim (civil, administrative or criminal) against the Company in
any court or administrative forum, or before any governmental agency or entity. I represent that I will not hereafter file any complaints, charges or claims (civil, administrative or criminal) against the Company with any administrative, state,
federal or other governmental entity, agency, board or court (except the EEOC) with respect to the claims released in Section 1 above. 

  

	4.	 Proprietary and Privileged Information. I agree and acknowledge that during the course of my employment with Company, I received confidential
and/or proprietary information relating to, without limitation, Company and its subsidiaries’ and affiliates’ business and marketing strategies, finances, benefit plans, systems, products and employees. I agree on the date upon which I
sign this Release to return to the Company any and all documents, papers and material (including any of the same stored on electronic media 

 

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such as diskettes or tapes) containing such confidential and/or proprietary information which has not theretofore been returned to the Company, although I may retain the laptop computer as
provided in the Agreement. I further agree that, following my signing of this Release and for so long thereafter as such information is not in the public domain through no fault of mine, I will not use or disclose any such confidential and/or
proprietary information, either directly or indirectly, to or for the benefit of any other person, firm or corporation. The provisions of this Section 4 supplement, but do not replace, my legal and other contractual obligations relating to
confidential Company information. 

  

	5.	No Admission of Liability. I understand and agree that neither the execution of this Release nor the performance of any term hereof shall constitute or be
construed as an admission of any liability whatsoever by either the Company or me, as both the Company and I have consistently taken the position that it/I have no liability whatsoever to the other. 

 

	6.	Attorneys’ Fees. If the Company or I bring an action or proceeding for breach of the Agreement or this Release or to enforce its or my rights hereunder or
thereunder, the prevailing party shall be entitled to recover its reasonable attorneys’ fees, if any, incurred in connection with such action. 

  

	7.	Return of Employer Property. I represent that I have returned to the Company all Company products, samples, equipment, parts, inventory, manuals, technical
information and other Company materials in my possession or under my control, except those with respect to which I have made arrangements with the Company to pick up or otherwise deliver to the Company and except as otherwise provided in the
Agreement. Company’s receipt of all such items which I am obligated to return is a condition of its obligation to provide me the benefits described in the Agreement. 

 

	8.	Construction of Agreement and Release. This Release shall be construed as a whole in accordance with its fair meaning and in accordance with the laws of the
State of Delaware. Neither the language of the Agreement nor that of this Release shall be construed for or against any particular party, solely by reason of authorship. Each and every covenant, term, provision and agreement herein contained shall
be binding upon and inure to the benefit of the successors and assigns of the parties hereto. The headings used herein and in the Agreement are for reference only and shall not affect the construction of any of them. 

 

	9.	Sole Agreement. The Agreement, this Release, and the obligations referred to in the last sentence of Section 4 above (if any), represent the sole and entire
agreement between the parties and supersede all prior agreements, negotiations and discussions between the parties and/or their respective counsel with respect to the subject matters covered hereby. 

 

	10.	 Severability. In the event that any one or more of the provisions contained in the Agreement and this Release shall, for any reason, by held to
be invalid, void, illegal or unenforceable in any respect, such invalidity, voidness, illegality or lack of enforceability 

 

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shall not affect any other provision of the Agreement or this Release, as the case may be, and the remaining portions shall remain in full force and effect. 

 

	11.	Amendment to Agreement. 

  

	 	a)	Any amendment or modification of the Agreement or this Release must be made in a writing signed by me and a duly authorized representative of the Company and stating
the intent of both parties to amend the Agreement or the Release, as applicable. 

  

	 	b)	Notices. All notices, requests, demands and other communications hereunder must be in writing, marked “Personal and Confidential,” and shall be deemed
to have been given if delivered by hand or mailed by first class, postage and registry fees prepaid, and addressed as follows: 

  

					
	(1)	  	If to Employee:	  	XXXXXX
			
	(2)	  	If to Company:	  	 Attn: Chief Executive Officer

Harman International Industries, Incorporated

400 Atlantic Street,
15th Floor

Stamford, CT 06901

  

	12.	Revocation; Effectiveness. I understand that I have the right to revoke this Release within seven (7) calendar days after I sign it. This Release will
become effective and enforceable only after I have signed it and upon expiration of the seven-day revocation period with no revocation taking place (the “Effective Date”). I understand that if I desire to revoke this Release, I must give
actual, written notice of revocation to the above person at the above address before the seven-day revocation period expires. 

The date indicated and my signature below acknowledge my review, understanding and full, knowing and voluntary acceptance of the terms
and conditions set forth in this Release. 
 IN WITNESS WHEREOF, I, intending to be legally bound hereby, have executed this
Release. 
  

			
	                             
                                         
                   	  	                     
	    XXXXXXXXX (“Employee”, “me”, or “I”)	  	Date
		
	Accepted and Agreed:	  	
		
	                             
                                         
                   	  	
	HARMAN INTERNATIONAL INDUSTRIES, INCORPORATED	  	

  

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