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EXHIBIT 10.1

COMPLETE AND PERMANENT RELEASE AND RESIGNATION AGREEMENT

Helena Nelligan (“Ms. Nelligan”) and Brady Corporation (the “Company”) hereby enter into this Complete and Permanent Release and Resignation Agreement (the “Agreement”) to resolve all matters relating to Ms. Nelligan’s employment with, and resignation from, the Company.  Ms. Nelligan and the Company hereby agree as follows:
1.Resignation.
Effective 12:01 a.m. on Friday, April 8, 2022 (the “Effective Date”), Ms. Nelligan hereby resigns from her position as Senior V.P., Human Resources of the Company, and provides notice to the Company of her resignation from any other positions with the Company. From the Effective Date to the September 30, 2022 (the “Separation Date”), Ms. Nelligan will remain employed by the Company serving as Special Advisor to the V.P. of Human Resources, and will receive her current salary and fringe benefits through the Separation Date.  During that time, Ms. Nelligan will be available to consult with respect to transition issues as requested by the Company. As of the Effective Date, Ms. Nelligan shall no longer be entitled to receive any grants in connection with any equity plans or other annual or long-term incentive plans with the Company.
2.Retirement Plan; Equity Agreements; Welfare Plans.
All of Ms. Nelligan’s balances, including Company stock, within any Company retirement plan will be paid out in accordance with the provisions of each plan and Ms. Nelligan’s elections under such plans.  Ms. Nelligan’s rights, as of the Separation Date, to her accrued but unpaid salary, vested retirement benefits, vested equity awards and benefits under any Company-provided welfare plans, are referred to herein as “Vested Benefits.” 
3.Adequate Consideration.
Ms. Nelligan acknowledges that the Company is under no pre-existing obligation to continue her employment (including the continuation of her current base salary, despite no longer serving in an officer role) through the Separation Date, or to provide a release of claims, and that the right to such continued employment, continuation of base salary, and provision by the Company of the release set forth in Section 4, are all adequate consideration for Ms. Nelligan’s commitments in this Agreement.  The parties agree that the foregoing, along with the Vested Benefits, constitute all of the payments and benefits to be provided to Ms. Nelligan under this Agreement, and that they are in full settlement of all payments and benefits, including but not limited to, claims for wages, vacation pay, sick pay, bonuses, commissions, relocation costs, severance payments, stock options, or any other compensation.
4.Mutual Release of All Claims.
In consideration of the benefits described in Section 3, and to the fullest extent allowed by law, Ms. Nelligan, for herself, her spouse, heirs, successors and assigns, hereby releases and forever discharges the Company, its owners, parents, successors, subsidiaries, affiliates, directors, officers, employees and all other representatives, and the Company’s benefit plans and fiduciaries (collectively, the “Released Parties”), from any and all charges, claims, suits and expenses (including attorneys’ fees and costs), whether known or unknown, including, but not limited to, claims under the Fair Labor Standards Act and the Wisconsin Wage Payment and Collection Law; federal, state and local fair employment law(s); the Wisconsin Fair Employment Act; Title VII of the Civil Rights Act of 1964; Sections 1981 through 1988 of the Civil Rights Act of 1866; the Civil Rights Act of 1991; the Equal Pay Act; the Age Discrimination in Employment Act, as amended; the Older Workers Benefit Protection Act of 1990; the Americans with Disabilities Act; state or federal family and/or medical leave acts including, but not limited to, the Family and Medical Leave Act and the Wisconsin Family and Medical Leave Act; the Consolidated Omnibus Budget Reconciliation Act of 1985; the Employee Retirement Income Security Act of 1974, as amended; the Occupational Safety and Health Act; the Fair Credit Reporting Act; the Genetic Information Nondiscrimination 

Act; the Occupational Safety and Health Act; federal, state, and local whistleblower laws (to the extent permitted by law); any laws that provide for the payment of attorneys’ fees, costs, expenses or punitive, exemplary or statutory damages; the common law of Wisconsin; and any other federal, state or local laws, ordinances, or regulations of any kind, whether statutory or decisional.  This release also includes, but is not limited to, a release of any claims for wrongful termination, tort, breach of contract, defamation, misrepresentation, violation of public policy, infliction of emotional distress, or invasion of privacy claims.  This release also includes a release of any claims arising out of any Company policy, practice, program, contract, or agreement, but does not include a release of any claims for State Unemployment Compensation or Workers Compensation.
This release includes any and all matters in connection with or relating in any way to Ms. Nelligan’s employment with the Company and her resignation from the Company, provided, however, that nothing herein shall release, diminish, or otherwise affect Ms. Nelligan’s Vested Benefits.  Notwithstanding the foregoing, this release excludes any claims: (a) arising after the execution of this Agreement; (b) to enforce the terms of this Agreement; or (c) for rights to indemnification Ms. Nelligan may have pursuant to the Company’s Bylaws, Articles of Incorporation or applicable laws.
Ms. Nelligan further agrees not to file, pursue or participate in any lawsuits against any of the Released Parties with respect to any matter arising out of or in connection with Ms. Nelligan’s employment with the Company or the termination of that employment (other than pursuing a claim for any Unemployment Compensation benefits to which Ms. Nelligan may be entitled).
The Company, on behalf of its owners, parents, successors, subsidiaries, affiliates, directors, officers, employees and all other representatives, hereby releases and forever discharges Ms. Nelligan from any and all charges, claims, suits and expenses (including attorneys’ fees and costs) within the actual knowledge of the Board of Directors as of the date hereof which it ever had or may presently have against Ms. Nelligan from the beginning of time up to and including the date of Ms. Nelligan’s execution of this Agreement.  Notwithstanding the foregoing, this release excludes any claims: (a) arising after the execution of this Agreement; (b) to enforce the terms of this Agreement; or (c) to enforce any of the Company’s rights under any Company clawback policy in effect as of the date hereof.
5.Non-Admission.
Ms. Nelligan and the Company agree that this Agreement shall not constitute an admission by the Company that it has acted wrongfully with respect to Ms. Nelligan or that it has discriminated against her or against any other individual.
6.Confidential Agreement.
            Ms. Nelligan hereby agrees to keep the terms of this Agreement confidential, and she agrees that she shall neither directly nor indirectly disclose the terms of this Agreement to any other person or entity except to her attorneys, tax preparers or financial advisors, and immediate family members, but only on the condition that they agree to abide by the terms of this confidentiality clause, unless compelled by law or until such time as it has been publicly disclosed by the Company.
7.Existing Obligations; Return of Confidential Information.
This Agreement does not amend any of Ms. Nelligan’s existing obligations which, shall continue in full force and effect after the Separation Date in accordance with their terms. Ms. Nelligan agrees to use her best efforts to return or delete any Company confidential information in her possession or control promptly following the Separation Date and that if she discovers any such information after the Separation Date, she agrees to either return it to the Company or to delete it.
8.Entire Agreement; Severability.
This Agreement sets forth the entire agreement between the parties and fully supersedes any and all prior agreements or understandings between Ms. Nelligan and the Company.  If any portion of this Agreement is found to 

be unenforceable, all other portions that can be separated from it, or appropriately limited in scope, shall remain fully valid and enforceable.
9.Employee Rights.
MS. NELLIGAN ACKNOWLEDGES THAT SHE IS HEREBY ADVISED TO SEEK LEGAL COUNSEL BEFORE SIGNING THIS AGREEMENT, THAT SHE HAS TWENTY-ONE (21) DAYS TO CONSIDER THIS AGREEMENT, THAT UPON HER ACCEPTANCE SHE HAS SEVEN (7) DAYS TO REVOKE HER ACCEPTANCE, AND THAT THIS AGREEMENT WILL NOT BECOME EFFECTIVE UNTIL THAT SEVEN (7) DAY PERIOD HAS EXPIRED.  TO REVOKE ACCEPTANCE, MS. NELLIGAN MUST PROVIDE WRITTEN NOTICE OF REVOCATION TO THE COMPANY’S GENERAL COUNSEL.   MS. NELLIGAN AGREES THAT SHE HAS READ, UNDERSTANDS AND VOLUNTARILY ACCEPTS THE TERMS OF THIS AGREEMENT.

[signature page follows]

									
	 	 	
	April 5, 2022		/s/ HELENA NELLIGAN
	Date	 	Helena Nelligan
			
			
			BRADY CORPORATION
			
		 	
	April 5, 2022	 	/s/ RUSSELL R. SHALLER
	Date		Russell R. Shaller
		 	President and Chief Executive OfficerExhibit 10.9

 

TRANSITION SERVICES Agreement

 

THIS TRANSITION SERVICES AGREEMENT
(the “Agreement”) is dated , 2022, with an effective date of , 2022 by and between Forza X1, Inc. (“Forza”)
and Twin Vee PowerCats Co. (“Twin Vee” and, together with Forza, the “Parties” and, each of them
individually, the “Party”).

 

RECITAL

 

WHEREAS,
Twin Vee has the resources and capacity to provide certain services, including office space, personnel and corporate services, such as
cash management, internal audit, information technology, facilities management, promotional sales and marketing, legal, payroll, benefits
administration and other administrative services and insurance services (collectively, the “Services”);

 

WHEREAS,
Twin Vee is willing to provide or arrange for the provision of the Services to Forza, all upon the terms and conditions set forth herein;

 

WHEREAS,
in the absence of obtaining such services from Twin Vee, Forza would require additional staff and would need to enhance its existing administrative
infrastructure; and

 

WHEREAS,
each of the Parties hereto acknowledges that greater efficiencies and reduced costs are expected to be achieved from the economies of
scale associated with the provision of such Services by Twin Vee to Forza in the manner provided herein during the term hereof.

 

NOW,
THEREFORE, in consideration of the foregoing and the mutual covenants set forth herein, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

 

		1.	Terms for Services

 

		(a)	Term. The term of this Agreement (the “Term”) shall commence on the date
hereof and shall continue for an initial term of one (1) month (the “Initial Term”) subject to the early termination
right of Forza for a particular Service category upon not less than ten (10) days prior written notice to Twin Vee. The initial term may
be extended upon mutual and written consent of the Parties on a month-to-month basis. Notwithstanding the foregoing this Agreement can
be terminated prior to the Initial Term or any extension of this Agreement:

 

		(i)	by the Parties at any time by mutual consent;

 

		(ii)	by Forza for convenience upon 30 days’ prior written notice effective after the Initial Term;

 

		(iii)	by either Party if the other Party becomes insolvent or generally unable to pay its debts as they become
due; or

 

		(iv)	by the non-breaching Party in the event of a material breach by the other Party and such breach remains
uncured for five (5) days after written notice thereof was provided by the non-breaching Party.

 

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		(b)	Services and Fees. Twin Vee shall provide, or cause an affiliate to
provide, the Services from time to time throughout the Term subject to Section 1(a) to facilitate the operations of the business of Forza
in a manner consistent with its operations prior to closing of the initial public offering of Forza. In consideration for the provision
of the Services, Forza shall pay to Twin Vee an amount equal to the effectively cost incurred by Twin Vee to provide the Services (the
“Service Fees”). In the event of termination pursuant to Section 1(a) the Service Fee will be pro rated up to the effective
date of termination. Twin Vee shall deliver to Forza monthly invoices in arrears for any Service Fees setting forth in reasonable detail,
the Services provided and the calculation of the Service Fees due with respect to such Services. All invoices shall be payable by Forza
within 30 days of receipt. Overdue amounts shall bear interest at an annual rate of 2%. The Services shall be provided to Forza with a
standard of care consistent with the past practice and custom immediately prior to the date hereof. 

 

		(c)	Additional Services. Notwithstanding the contents of Exhibit
A, Twin Vee agrees to respond in good faith to any request by Forza for access to any additional services that are necessary for the operation
of Forza and which are not currently contemplated in Exhibit A. Any such additional services so provided by Twin Vee shall constitute
Services under this Agreement and be subject in all respect to the provisions of this Agreement as if fully set forth in Exhibit A of
this Agreement.

 

		(d)	Access. Forza shall, without charge, provide Twin Vee
(or any affiliate of Twin Vee) with such access to Forza’s premises (if any), systems and personnel, and such other assistance as
may be reasonably required, to allow the Services to be provided to Forza and for Twin Vee (or any of its affiliates or third party provider)
to the extent necessary to perform its obligations under this Agreement. Twin Vee shall provide such reasonable prior notice of the need
for such access to Forza where practicable.

 

		(e)	Status. In performing the Services hereunder, Twin Vee
and any of its affiliates performing the Services shall operate as and have the status of an independent contractor. Neither Party or
employees or the employees of their respective affiliates shall be considered employees or agents of the other Party, nor shall the employees
of any Party or its affiliates be eligible or entitled to any benefits, perquisites or privileges given or extended to any of the other
Party’s employees. Nothing contained in this Agreement shall be deemed or construed to create a joint venture or partnership between
the Parties. No Party shall have any power or authority to bind or commit any other Party.

 

		(f)	Standard of Service.

 

		(i)	Twin Vee represents, warrants and agrees that the Services shall be provided in good faith, in accordance
with applicable laws and, except as specifically provided herein, in a manner generally consistent with the same standard of care as historically
provided by Twin Vee and its affiliates with respect to Forza and its predecessor. Twin Vee agrees to assign sufficient resources, if
available, and qualified personnel as are reasonably required to perform the Services in accordance with the standards set forth in the
preceding sentence.

 

		(ii)	Except as expressly set forth in Section 1(f)(i) or in any contract entered into hereunder, Twin Vee makes
no representations and warranties of any kind, implied or expressed, with respect to the Services, including, without limitation, no warranties
of merchantability or fitness for a particular purpose all of which are specifically disclaimed.

 

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		(g)	Twin Vee agrees that all of its affiliates and their respective employees and any third-party service
providers and subcontractors, when on the premises of Forza or when given access to any equipment, computer, software, network or files
owned or controlled Forza, shall conform to the policies and procedures of Forza concerning health, safety and security in connection
with such access which are made known to Twin Vee in advance in writing.

 

		(h)	Responsibility for Wages and Fees. 

 

For such time as any employees
of Twin Vee or any of its affiliates are providing the Services to Forza under this Agreement, (i) such employees will remain employees
of Twin Vee or such affiliate, as applicable, and shall not be deemed to be employees of Forza for any purpose, and (ii) Twin Vee or such
affiliate, as applicable, shall be solely responsible for the payment and provision of all wages, bonuses and commissions, employee benefits,
including severance and worker’s compensation, and the withholding and payment of applicable taxes relating to such employment.

 

		(i)	Terminated Services. Upon termination or expiration of any or all Services pursuant to this Agreement,
or upon the termination of this Agreement in its entirety, Twin Vee shall have no further obligation to provide the applicable terminated
Services and Forza will have no obligation to pay any future Service Fees relating to such Services (other than for or in respect of Services
already provided in accordance with the terms of this Agreement and received by Forza prior to such termination).

 

		(j)	Invoice Disputes. In the event of an invoice dispute, Forza shall deliver a written statement to
Twin Vee no later than ten (10) days prior to the date payment is due on the disputed invoice listing all disputed items and providing
a reasonably detailed description of each disputed item. Amounts not so disputed shall be deemed accepted and shall be paid, notwithstanding
disputes on other items, within the period set forth in Section 1(b). The Parties shall seek to resolve all such disputes expeditiously,
in a commercially reasonable manner, in good faith.

 

		2.	General

 

		(a)	Severability. If any provision of this Agreement is determined to be illegal, invalid or unenforceable
by an arbitrator or any court of competent jurisdiction from which no appeal exists or is taken, that provision will be severed from this
Agreement and the remaining provisions will remain in full force and effect.

 

		(b)	Governing Law. All questions concerning the construction, validity, enforcement and interpretation
of this Agreement shall be governed by and construed and enforced in accordance with the internal laws of the State of Delaware, without
regard to the principles of conflicts of law thereof. Each Party agrees that all legal proceedings concerning the interpretations, enforcement
and defense of the transactions contemplated by this Agreement (whether brought against a party hereto or their respective affiliates,
directors, officers, shareholders, partners, members, employees or agents) shall be commenced exclusively in the state and federal courts
sitting in the State of Delaware. Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts
sitting in the State of Delaware for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated
hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that
it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is improper or is an inconvenient
venue for such proceeding. Each party hereby irrevocably waives personal service of process and consents to process being served in any
such suit, action or proceeding by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery)
to such party at the address in effect for notices to it under this Agreement and agrees that such service shall constitute good and sufficient
service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any
other manner permitted by law. If either party shall commence an action, suit or proceeding to enforce any provisions of this Agreement,
the prevailing party in such action, suit or proceeding shall be reimbursed by the other party for their reasonable attorneys’ fees
and other costs and expenses incurred with the investigation, preparation and prosecution of such action or proceeding. Notwithstanding
the foregoing, nothing in this paragraph shall limit or restrict the federal district court in which the Investor may bring a claim under
the federal securities laws.

 

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		(c)	Successors and Assigns. The provisions of this Agreement shall inure to the benefit of the Parties
and shall be binding upon their respective heirs, administrators, executors, legal representatives, successors and permitted assigns.

 

		(d)	Time is of the Essence. Time is of the essence in this Agreement. The mere lapse of time in the
performance of the terms of this Agreement by any Party will have the effect of putting such Party in default.

 

		(e)	Confidentiality. The Parties agree that all business, technical and financial data and information
(including, without limitation, the identity of and information relating to products, formula, research and development, manufacturing
processes, pricing, rebates, equipment, strategy, customers or employees) which either Party develops, generates, learns or obtains pursuant
to this Agreement or that is received by or for a Party in confidence, constitutes confidential and proprietary information (“Confidential
Information”). Confidential Information shall also include all notes, analyses, compilations, studies, interpretations and other
material which contain, reflect or are based upon, in whole or in part, on Confidential Information, either directly or indirectly, by
a Party as well as the content and substance of any discussions between the Parties relating to the Confidential Information. Each Party
will hold in confidence and not disclose or use any of the Confidential Information except on a “need to know” basis in connection
with their respective rights and obligations under this Agreement. The restrictions on use or disclosure of Confidential Information do
not extend to information which: (i) at the time of disclosure is already within the public domain; (ii) subsequent to disclosure becowes
part of the public domain through no fault or breach of this Agreement; (iii) which a Party can demonstrate by written evidence was in
its possession prior to disclosure by such Party; (iv) becomes known to a Party through a third party unless such Party knew or reasonably
should have known such party did not have a right to make such disclosure; or (v) which a Party can demonstrate by written evidence it
was discovered or developed by recipient independently of any disclosure by the other Party. If a Party is legally compelled by court
order or subpoena to disclose any Confidential Information, it will give the other Party immediate notice thereof so that such Party may
seek a protective order and will rpovide only the limited Confidential Information it is required to disclose. The Parties shall provide
reasonable assistance in such effort.

 

In the event of a breach
or threatened breach of any provision of this Section 2(e), the non-disclosing Party shall have the right to have such obligation specifically
enforced by a court of competent jurisdiction, including without limitation, the right to entry of restraining orders and injunctions
(whether preliminary, mandatory, temporary or permanent) against a violation, threatened or actual, and whether or not continuing, of
such obligation, without the necessity of showing any particular injury or damage. It is hereby acknowledged and agreed that any such
breach or threatened breach would cause irreparable injury to a Party and that money damages would not provide adequate remedy. Each Party
may pursue any such remedy available to it concurrently or consecutively in any order as to any such breach or violation and the pursuit
of one of such remedies at any time will not be deemed an election of remedies or waiver of the right to pursue any other of such remedies
as to such breach or violation or as to any other breach, violation or threatened breach or violation.

 

		(f)	Counterparts. This Agreement may be executed in any number of counterparts, each of which is deemed
to be an original, and such counterparts together constitute one and the same instrument. Transmission of an executed signature page by
facsimile, email or other electronic means is as effective as a manually executed counterpart of this Agreement.

 

[Signature page to follow.]

 

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IN WITNESS WHEREOF the Parties
have executed this Agreement this [__] day of [____], 2022.

 

	 	Forza X1, Inc.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

	 	Twin Vee PowerCats Co.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

  

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EXHIBIT A

 

Services

 

During the Term
of the Agreement and upon the terms and conditions set forth therein, Twin Vee shall provide to Forza the following Services as reasonably
requested by Forza from time to time:

 

	 	(1)	procurement, shipping and receiving
services;
	 	(2)	storage services;
	 	(3)	administration and benefits services;
	 	(4)	employee benefits, human resources
and payroll services;
	 	(5)	financial and operations services;
	 	(6)	internal auditing services;
	 	(7)	legal related services;
	 	(8)	risk management services;
	 	(9)	accounting services;
	 	(10)	general tax services;
	 	(11)	communications facilities and services,
including e-mail;
	 	(12)	network and data center facilities;
	 	(13)	hardware and equipment;
	 	(14)	facilities management services;
	 	(15)	promotional, sales and marketing services;
	 	(16)	procuring of insurance coverage;
	 	(17)	use of Twin Vee’s facility until
Forza’s new planned facility is completed; and
		(18)	such other miscellaneous services as the Parties
may reasonably agree.

 

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