Document:

EX-10.1

 Exhibit 10.1 
 

 
 Heather Cohen 
 EVP Human
Resources 
 11311 Concept Blvd 
 Largo, FL 33773 

EXECUTION VERSION 
 March 5, 2022

 John (Jed) E. Kennedy 
 150 Belmont Avenue 

Lowell, MA 01852 
  

	 	Re:	 Group EVP, AET, QA/RA, Dist, CS Transition 

Dear Jed: 
 This letter confirms
our recent discussions regarding your continued employment as a Special Advisor of CONMED Corporation (the “Company”) and your planned retirement. On behalf of the Board of Directors of the Company (the “Board”), I
want to thank you for your years of leadership and your willingness to provide continued service in the role of Special Advisor. 

Continued Service as a Special Advisor: Your service as Group Executive Vice President - AET, QA/RA, Dist, CS will continue through
April 1, 2022. After that, you will serve as a Special Advisor until April 1, 2023. 
 Compensation April 1,
2022 through April 1, 2023: As compensation for services performed as Special Advisor during the period from April 1, 2022 through April 1, 2023, you will be paid an annualized base salary equal to the sum of (1)
$392,188 plus (2) the average of (i) the bonus amount you received with respect to your 2020 annual cash bonus, and (ii) the bonus amount you will receive with respect to your 2021 annual cash bonus, paid in regular payroll
installments and subject to applicable taxes and withholding. You will be eligible for a bonus under the existing annual cash bonus plan for 2022, which will be prorated based on your period of service during 2022 as Group Executive Vice President -
AET, QA/RA, Dist, CS. The bonus will be paid when 2022 bonuses are generally paid to senior executives of the Company (but not later than April 1, 2023). You are not eligible to receive a bonus for 2023 based on your service as Special Advisor
in 2023. 
 You will remain eligible to participate in and receive benefits from the Company’s welfare benefit plans (e.g., medical,
dental, and vision) provided you continue to satisfy the applicable eligibility requirements for such benefits during this period. You will be permitted to make contributions to the Company’s Benefits Restoration Plan and the Company’s
Retirement Savings Plan. 
  

	 	•	 	 Releases. In connection with the execution of this Letter Agreement, you agree to execute the release
attached hereto as Annex A within 30 days after the date of this letter agreement. You also agree to execute a supplemental release and general waiver in a form acceptable to the Company (a “Release”) within 30 days after the
Retirement Date but in no event earlier than the Retirement Date. 

 

 
  

	 	•	 	 Retirement Date: Your service as an employee will end on April 1, 2023 (the “Retirement
Date”). Following the Retirement Date, your employment with the Company will cease. 

  

	 	•	 	 Duties as Special Advisor. Your duties as Special Advisor will include supporting and providing guidance
to the Company and such other reasonable duties as may be assigned to you by the Chief Executive Officer. During this period, you will continue to provide services as a full-time employee of the Company and will devote the appropriate business time
and attention required to fulfill your service as Special Advisor. 

  

	 	•	 	 Equity Awards: Subject to your continued service as Special Advisor and compliance with the release
requirements set forth above, your equity awards shall continue to vest through April 1, 2023 and remain subject to the terms of the applicable award agreements and the Company’s Amended and Restated 2018 Long-Term Incentive Plan (the
“LTIP”). You acknowledge and agree that any equity awards with vesting dates scheduled to occur after April 1, 2023 will be forfeited as of April 1, 2023. 

 

	 	•	 	 Severance Entitlements: You waive any claim to receive payments or other benefits under the Company’s
Executive Management Severance Plan or the CONMED Severance Plan. You further agree that your transition to the position of Special Advisor, the compensation and benefits changes that will occur on April 1, 2022, and any termination of
employment thereafter will not entitle you to any benefits under the Company’s Executive Management Severance Plan or the CONMED Severance Plan. 

Upon a termination of your employment as a result of your death or disability or by the Company for any reason, the Company will, subject to
your (or your estate or beneficiary’s) execution and non-revocation of a supplemental Release within 30 days following the termination date, pay you: (1) the unpaid annual base salary you would have
received between April 1, 2022 and April 1, 2023 (to the extent that any portion of such annual base salary has not been paid); and (2) the unpaid prorated bonus you are entitled to for 2022 based on your period of service during 2022
as Group Executive Vice President – AET, QA/RA, Dist, CS. This amount will be paid to you in a single lump sum within 30 days of such Release becoming effective, subject to the provisions of “Section 409A” set forth below. 

 

	 	•	 	 COBRA Eligibility: Following the Retirement Date (or your earlier termination of employment with the
Company), you will be entitled to continued health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”), if applicable, for a period in accordance with the requirements under COBRA. You will
be solely responsible for paying the full cost of the premiums for such COBRA coverage, and such coverage shall not be provided if during such period you are or become ineligible under the provisions of COBRA for continuing coverage.

  

	 	•	 	 Restrictive Covenants: In connection with your transition, you agree be bound by the covenants and
provisions in Annex B, which apply during your employment with the Company and after your employment with the Company terminates for any reason. You acknowledge the potential restrictions on your future employment imposed by such covenants
and provisions are reasonable in both duration and geographic scope and in all other respects. 

 

 
  

	 	•	 	 Withholding Taxes: The Company shall withhold from all payments due to you (or your beneficiary or estate)
hereunder all taxes which, by applicable federal, state, local or other law, the Company is required to withhold therefrom. 

  

	 	•	 	 Section 409A: The payments under this letter are not intended to constitute
“‘deferred compensation” subject to Section 409A of the Internal Revenue Code (“‘Section 409A”’). The parties agree to interpret and administer this letter in a manner intended to comply with
Section 409A as applicable. If and to the extent that any payment under this letter is determined by the Company to constitute “non-qualified deferred compensation” subject to Section 409A
(because a payment is not a “short-term deferral” and not an involuntary severance payment under Treas. Reg. §1.409A-l(b)(9)(iii)) and that is payable to    you by reason of
your termination of employment, then (1) such payment or benefit shall be made or provided to you only upon a “separation from service” as defined for purposes of Section 409A under applicable regulations and (2) if you are
a “specified employee” (within the meaning of Section 409A and as determined by the Company), such payment will not be made or provided before the date that is six months after the date of your separation from service (or your earlier
death or a change in ownership or effective control within the meaning of Section 409A). To the extent applicable, each payment under this letter shall be treated as a separate payment for purposes of Section 409A. 

 

	 	•	 	 Choice of Law and Forum Selection. This Agreement, and all claims or causes of action (whether in
contract or tort) that may be based upon, arise out of or relate to the execution or performance hereof, shall be governed by the internal Laws of the State of Delaware, without giving effect to any choice of Law or conflict of Laws rules or
provisions (whether of the State of Delaware or any other jurisdiction) that would cause the application of the Laws of any jurisdiction other than the State of Delaware. Any suit, action or other proceeding arising out of or relating to this
Agreement or any transaction contemplated hereby shall be brought exclusively in the Delaware Court of Chancery in New Castle County, or in the event (but only in the event) that such court does not have subject matter jurisdiction over such action,
the United States District Court for the District of Delaware, and each of the parties hereto hereby irrevocably submits to the exclusive jurisdiction of such courts for the purpose of any such suit, action or other proceeding. A final judgment in
any such suit, action or other proceeding may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by Law. Each Party irrevocably and unconditionally waives any objection to the laying of venue of any action,
suit or proceeding arising out of this Agreement or the transactions contemplated hereby in such courts, and hereby irrevocably and unconditionally waives and agrees not to plead or claim in any such court that any such action, suit or proceeding
brought in any such court has been brought in an inconvenient forum. Each Party further agrees that service of any process, summons, notice or document by U.S. registered mail to such Party’s respective address set forth herein shall be
effective service of process for any such action, suit or proceeding. 

 

 
  

 Thank you again for your service. 

 

			
	CONMED Corporation
	
	 /s/ Heather L. Cohen

	By:	 	Heather L. Cohen
	Title:	 	EVP – Human Resources

  

	
	ACCEPTED AND AGREED:
	
	 /s/ John E. Kennedy

	John E. Kennedy

  

 

 
  

 ANNEX A 

This Agreement (the “Agreement”) is entered into by and between CONMED Corporation (the “Company”) and John E.
Kennedy (“Employee” or “You”) in full and complete settlement of all issues concerning Employee’s employment through the Effective Date (as defined herein). As used in this Agreement, the term “Company” shall
include CONMED Corporation, its affiliates, subsidiaries (including Linvatec Corporation), successors and assigns, all of its current and former officers, directors, employees, and agents (in their individual and representative capacities). 

WHEREAS, Employee acknowledges that he is knowingly and voluntarily entering into this Agreement and that by signing this Agreement he is
receiving payment and/or other consideration from the Company to which he was not or would not otherwise be entitled. 
 NOW, THEREFORE, in
consideration of the above premises and of the mutual agreement and undertakings hereinafter set forth in the [insert date] Letter Agreement, the Company and Employee further agree as follows: 

1. Last Day of Employment. April 1, 2023 

2. Company Property. Employee acknowledges that he has returned all of the Company’s property, whether created by
Employee or others, including but not limited to, any keys, credit cards, computers, computer disks, zip or flash drives, documents, identification cards or badges, access codes or devices, phones, smartphones, hand-held electronic devices,
electronic storage devices, software, electronically stored documents or files, physical files, disks, data, manuals, reports, letters, memoranda, agreements, and any other Company property in Employee’s possession, custody, or control. 

 3. Letter Agreement Benefits. In consideration for Employee’s execution of the [insert date] Letter
Agreement and the general releases contained herein, and without any other obligation to do so, the Company will provide Employee with the payments contemplated by the [insert date] Letter Agreement, less applicable federal, state,
local, and other legally required payroll deductions in accordance with the Company’s standard payroll practices (the “Letter Agreement Benefits”). Employee understands, acknowledges and agrees that if he did not execute this
Agreement, he would receive less and different benefits. 
 4. General Release of Claims. In consideration for the
Letter Agreement Benefits, Employee, on behalf of himself, his descendants, dependents, heirs, executors, administrators, assigns, and successors, Employee voluntarily, knowingly and willingly waives and releases, and promises never to assert, any
and all claims that Employee has or might have against the Company, and/or its predecessors, successors, past, current and future parents, subsidiaries, related entities, officers, directors, shareholders, agents, partners, employees, successors or
assigns, relating to any aspect of Employee’s employment, employment compensation, resignation or termination of employment, including any and all rights or claims of unlawful retaliation, discrimination or harassment on the basis of age, race,
sex, marital status, disability, national origin, religion, or any other basis under federal, state, or local law. Those claims being released and discharged include, but are not limited to: 

 

	 	a.	 claims arising under any other federal, state or local fair employment statute, code or ordinance, contract
law; 

 

 
  

	 	b.	 torts of all kinds including, but not limited to, negligence claims and fraudulent inducement to enter into
this contract, misrepresentation, negligent or otherwise, fraud, defamation, slander, libel, duress, fraudulent inducement, workers’ compensation retaliation, interference with an advantageous business relationship, negligent employment,
including negligent hiring, negligent retention and negligent supervision; claims of breach of contract, whether actual or implied, written or oral; promissory estoppel, quantum merit or the like, and any and all claims for attorneys’ fees, any
federal, state and local statutory or common law; 

  

	 	c.	 claims for personal, bodily or emotional injury and monetary loss, without limitation, relating to any
workers’ compensations laws, tort, contract (express or implied), or any other common law theory; all claims for retaliation or discrimination of any type; and all claims for employment - related benefits of any type and any and all
rights or claims to attorneys’ fees; 

  

	 	d.	 claims of any violation of any pension or welfare plans or any other benefit plan or arrangement, including,
without limitation, any claims under the Employee Retirement Income Security Act of 1974 (“ERISA”) [29 U.S.C. Sections 1001-1461], as amended, including claims for breach of fiduciary duty under ERISA; 

 

	 	e.	 claims under the Fair Housing Act [42 U.S.C. Section 3604 et. seq.], as amended; Title IX of the
Education Amendments of 1972 [20 U.S.C. Sections 1681 et. seq.], as amended; the Federal False Claims Act [18 

U.S.C. Sections 287, et seq.], as amended (“FFCA”); the Program Fraud Civil Remedies Act [38 C.F.R. 42.1, et seq.], as
amended (“PFCRA”); the Fair Credit Reporting Act, as amended (“FCRA”); the Uniformed Services Employment and Reemployment Rights Act of 1994 [38 U.S.C. Sections 4301-4333], as amended (“USERRA”); the National Labor
Relations Act [29 
 U.S.C. Sections 151-169], as amended (“NLRA”); the Worker Adjustment
and Retraining Notification Act [29 U.S.C. Sections 2101 et seq.], as amended (“WARN”); the Occupational Safety and Health Act [29 U.S.C. Sections 651-678], as amended (“OSHA”); the
Fair Labor Standards Act [29 U.S.C. Sections 201-219], as amended (“FLSA”); 
  

	 	f.	 claims or rights under state and federal whistleblower legislation including the Consolidated Omnibus Budget
Reconciliation Act of 1985 [Pub. L. 99- 509], as amended (“COBRA”); the Sarbanes-Oxley Act of 2002 15 U.S.C. § 7201, et seq.; (“S-OA”); the Health Insurance Portability and
Accountability Act of 1996, as amended (“HIPAA”); the Family and Medical Leave Act [29 

 U.S.C. Sections
2601-2654], as amended (“FMLA”); ·the Congressional Accountability Act of 1995 [2 U.S.C. Sections 1311-1317], as amended; the Age Discrimination in Employment Act [29 U.S.C. § 621 et seq.] (“ADEA”), as amended;
the Americans with Disabilities Act [42 U.S.C. Sections 12101-12213], as amended (“ADA”); the ADA Amendments Act of 2008 (“ADAAA”); the Rehabilitation Act of 1973 [29 U.S.C. Section 791, et.seq.], as amended; the
Employee Polygraph Protection Act of 1988 [29 
 U.S.C. Sections 2001, et. seq.], as amended (“PPA”); the Internal Revenue
Code [Title 26, U.S.C.], as amended (“IRC”); the Equal Pay Act [29 U.S.C. Section 206(d)], as amended (“EPA”); the Lilly Ledbetter Fair Pay Act of 2009; Title VII of the Civil Rights Act of 1964 [42 U.S.C. Sections 2000e- 2000e-17J, as amended (“CRA”); the Civil Rights Act of 1991; Elliott-Larsen Civil Rights Act, as amended; the Revised Statutes [42 U.S.C. Sections 1981, 1983 or 1985], as amended; 

 

 
  

	 	g.	 claims under the Florida Civil Human Rights Act [Fla. Stat. Ann. Sections 760.01 et seq.], as amended;
The AIDS Act [Fla. Stat. Ann. Sections 760.50 et seq.); Florida Wage Discrimination Law [Fla. Stat. Ann. Section 725.07), as amended; Florida False Claims Act [Fla. Stat. Ann. Sections 68.081 et seq.]; the Florida Minimum Wage Act;
Whistleblower’s Act [Fla. Stat. Ann. Sections 112.3187 et seq.]; Wage Payment Laws [Fla. Stat. Ann. Sections 448.109 to 448.110]; worker’s compensation retaliation; 

 

	 	h.	 claims under the New York Labor Law, New York State Human Rights Law [N.Y. Exec. Law§§ 296, et.
seq.]; New York City Commission on Human Rights Law [NYC Code§ 8-101]; New York Equal Pay Law [N.Y. Lab. Law§ 194]; New York Equal Rights Law (N.Y. Civ. Rights Law§ 40]; New York Off-duty Conduct Lawful Activities Discrimination Law [N.Y. Lab. Law.§ 201-d]; New York Minimum Wage Act [N.Y. Lab. Law§§ 650 to 665]; New York Wage and Hour
Law [N.Y. Lab. Law §§ 190, et seq.]; New York Whistleblower Statute [N.Y. Lab. Law § 740]; New York Workers’ Adjustment and Retraining Notification Acts, as amended (the New York “Warn” Laws)[N.Y. Lab. Art. 25-A, §§ 860A to 8601] 

  

	 	i.	 claims for severance payments or other benefits pursuant to the CONMED Executive Management Severance Plan and
the CONMED Severance Plan; 

  

	 	j.	 Employee specifically acknowledges and agrees that he is waiving on behalf of himself and his attorneys’
all claims for fees and expenses and court costs. Employee is also waiving his right to recover in his own lawsuit, as well as the right to recover in a suit brought by any other entity or person on Employee’s behalf. Employee is not waiving
any rights or claims which may arise after the date Employee signs this agreement. 

  

	 	k.	 Exclusion. Excluded from the general releases above (“General Release”) are any claims or
rights which cannot be waived by law. This Agreement does not prohibit you from challenging the validity of this Agreement’s waiver and release of claims under the ADEA. Also excluded from the General Release is your right to file a charge with
an administrative agency or participate in any agency investigation. You are, however, waiving your right to recover money in connection with such a charge or investigation. You are also waiving your right to recover money in connection with a
charge filed by any other individual or by the Equal Employment Opportunity Commission or any other federal state or local agency provided that you do not waive, and this letter shall not be read as requiring you to waive, any right you may have to
receive an award for information provided to any governmental entity. 

 5. COBRA. [Not applicable
at this time] 
 6. Breach of Agreement by Employee. In the event that Employee breaches any of his obligations
under this Agreement or as otherwise imposed by law, the Company will be entitled to recover all of the benefits paid under the Letter Agreement and to obtain all other relief provided in law or equity. 

7. Savings Clause. The provisions of this Agreement are severable, and if any part of it is found to be unenforceable, the
other provisions nonetheless shall remain fully valid and enforceable. 

 

 
  

 8. Entire Agreement. This Agreement sets forth the entire agreement
between Employee and the Company, other than the employment agreement signed by Employee at the time of hire, the Letter Agreement, and any supplemental release required thereunder and fully supersedes any and all prior agreements or understandings
between the parties hereto pertaining to the subject matter of this Agreement other than the Letter Agreement. By countersigning this Agreement Employee acknowledges that in doing so he have not relied upon any representation or statement not set
forth in this Agreement made by myself or any other representative of the Company, with regard to the subject matter, basis or effect of this Agreement or otherwise, other than in the Letter Agreement.* 

9. Choice of Law and Forum Selection. This Agreement, and all claims or causes of action (whether in contract or tort)
that may be based upon, arise out of or relate to the execution or performance hereof, shall be governed by the internal Laws of the State of Delaware, without giving effect to any choice of Law or conflict of Laws rules or provisions (whether of
the State of Delaware or any other jurisdiction) that would cause the application of the Laws of any jurisdiction other than the State of Delaware. Any suit, action or other proceeding arising out of or relating to this Agreement or any transaction
contemplated hereby shall be brought exclusively in the Delaware Court of Chancery in New Castle County, or in the event (but only in the event) that such court does not have subject matter jurisdiction over such action, the United States District
Court for the District of Delaware, and each of the parties hereto hereby irrevocably submits to the exclusive jurisdiction of such courts for the purpose of any such suit, action or other proceeding. A final judgment in any such suit, action or
other proceeding may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by Law. Each Party irrevocably and unconditionally waives any objection to the laying of venue of any action, suit or proceeding arising
out of this Agreement or the transactions contemplated hereby in such courts, and hereby irrevocably and unconditionally waives and agrees not to plead or claim in any such court that any such action, suit or proceeding brought in any such court has
been brought in an inconvenient forum. Each Party further agrees that service of any process, summons, notice or document by U.S. registered mail to such Party’s respective address set forth herein shall be effective service of process for any
such action, suit or proceeding* * 
 10. Age Discrimination Release Notification You acknowledge that as part of this
Agreement You are releasing and waiving all charges, claims, and complaints under the Age Discrimination in Employment Act (“ADEA”) and you are agreeing not to sue the Released Parties In connection with any of Your rights under the ADEA.
In order for you to waive Your ADEA rights through this Agreement, pursuant to the requirements of 29 U.S.C. 1626, You acknowledge and agree that: 
  

	 	a.	 You knowingly and voluntarily execute this Agreement and release, waive, and agree not to sue Released Parties;
and 

  

	 	b.	 the release, waiver and agreement not to sue includes settlement of any allegation of age discrimination
arising under the ADEA; and 

  

	 	c.	 the release, waiver, and agreement not to sue includes all claims under the ADEA arising up to and including
the date of execution of this release, but not claims occurring thereafter; and 

  

	 	d.	 You have been advised to consult with an attorney concerning Your rights and obligations under the release,
waiver, and agreement not to sue and before signing this Agreement; and 

  

	 	e.	 this Agreement is written in a manner that You can understand, and You have fully considered the terms
and conditions of this Agreement; and 

  

	 	f.	 You are not releasing or waiving any rights that You are prohibited by law, rule, or regulation from releasing
or waiving; and 

  

	 	g.	 You have been given a reasonable period of time from receipt of this Agreement, to consider this Agreement
before executing It and that you may accept and sign this Agreement before expiration of the twenty-one (21) day time period following your receipt of this Agreement, but you are not required to do so
by the Company; and 

 

 
  

	 	h.	 You understand that after signing this Agreement, you may revoke your acceptance within seven
(7) days by providing written notice of revocation to the EVP of HR at 11311 Concept Blvd, Largo, FL 33773. This Agreement will become effective on the eighth (8th) day following your signature (the “Effective Date”).

 TO THE EMPLOYEE: THIS IS AN IMPORTANT DOCUMENT. WHEN YOU SIGN THIS AGREEMENT, YOU ARE WAIVING CERTAIN RIGHTS THAT YOU HAVE UNDER STATE
AND FEDERAL EMPLOYMENT LAWS. YOU MAY DESIRE TO CONSULT WITH A LAWYER BEFORE SIGNING THIS DOCUMENT. 

 

 
  

 IN WITNESS WHEREOF, the parties have executed this Agreement. 

 

			
	CONMED Corporation
	
	  

	By:	 	Heather L. Cohen
	Title:	 	Executive Vice President - Human Resources

  

	
	ACCEPTED AND AGREED:
	
	  

	John E. Kennedy

 Annex B 

To protect the confidential information and other trade secrets of the Company, you agree that: 

 

	 	•	 	 Covenant not to Solicit. During your employment with the Company and for a period of 12 months thereafter,
you will not: (i) Solicit any Client to transact business with a Competitive Enterprise or to reduce or refrain from doing any business with the Company, (ii) interfere with or damage any relationship between the Company and a Client or
(iii) Solicit anyone who is then an employee of the Company to resign from the Company or to apply for or accept employment with any other business or enterprise except pursuant to a general solicitation of employment which is not directed
specifically to any such employees. 

  

	 	•	 	 Covenant not to Compete. During your employment with the Company and for a period of 12 months thereafter,
you will not, directly or indirectly, alone or jointly, with any person or entity, participate in, engage in, consult with, advise, be employed by, own (wholly or partially), possess an interest in, or in any other manner be involved with, any
Competitive Enterprise. Notwithstanding the foregoing, you will not be prohibited from passively owning less than 1% of the securities of any publicly-traded corporation. You agree that the covenants contained in this bullet are reasonable and
desirable to protect the Confidential Information of the Company and its affiliates. 

  

	 	•	 	 Covenant not to Disparage: During your employment with the Company and thereafter, you will not make any
statement that would libel, slander or disparage the Company, any of its subsidiaries or their respective past or present officers, directors, employees or agents. Nothing herein shall prevent you from responding accurately and fully to any
question, inquiry or request for information when required by legal process; provided, however, that you will provide the Company with reasonable prior written notice before responding to such a question, inquiry or request, unless such notice to
the Company is prohibited under applicable law. Notwithstanding anything to the contrary in this letter or otherwise, nothing shall limit your rights under applicable law to provide truthful information to any governmental entity or to file a charge
with or participate in an investigation conducted by any governmental entity. Notwithstanding the foregoing, you agree to waive your right to recover monetary damages in connection with any charge, complaint or lawsuit filed by you or anyone else on
your behalf (whether involving a governmental entity or not); provided that you do not waive, and this letter shall not be read as requiring you to waive, any right you may have to receive an award for information provided to any governmental
entity. 

  

	 	•	 	 Confidentiality: During your employment and thereafter, you will hold in a fiduciary capacity for the
benefit of the Company all trade secrets and confidential information, knowledge or data relating to the Company and its businesses and investments, which will have been obtained by you during your employment by the Company and which is not
generally available public knowledge. Except as may be required or appropriate in connection with your carrying out your duties you will not, without the prior written consent of the Company or as may otherwise be required by law or any legal
process, any statutory obligation or order of any court or statutory tribunal of competent jurisdiction, or as is necessary in connection with any adversarial proceeding against the Company (in which case you will use your reasonable best efforts in
cooperating with the Company in obtaining a protective order against disclosure by a court of competent jurisdiction), communicate or divulge any such trade secrets, information, knowledge or data to anyone other than the Company and those
designated by the Company or on behalf of the Company in the furtherance of its business or to perform duties hereunder. 

You are hereby notified that the immunity provisions in Section 1833 of title 18 of the United States Code provide that an individual
cannot be held criminally or civilly liable under any federal or state trade secret law for any disclosure of a trade secret that is made (1) in confidence to federal, state or local government officials, either directly or indirectly, or to an
attorney, and is solely for the purpose of reporting or investigating a suspected violation of the law, (2) under seal in a complaint or other document filed in a lawsuit or other proceeding, or (3) to your attorney in connection with a
lawsuit for retaliation for reporting a suspected violation of law (and the trade secret may be used in the court proceedings for such lawsuit) as long as any document containing the trade secret is filed under seal and the trade secret is not
disclosed except pursuant to court order. 
 The following terms used in this Annex B have the meanings indicated below: 

 

	 	•	 	 “Client’ means any client or prospective client of the Company to whom you provided services, or
for whom you transacted business, or whose identity became known to you in connection with your relationship with or employment by the Company. 

	 	•	 	 “Competitive Enterprise” means (i) any business competing with the businesses of the
Company or any of its subsidiaries, or (ii) any business in which the Company or any of its subsidiaries has entertained discussions or has requested and received information relating to the acquisition of such business by the Company or any of
its subsidiaries during the six-month period immediately preceding the date of your termination of employment. 

  

	 	•	 	 “Solicit’ means any direct or indirect communication of any kind, regardless of who initiates
it, that in any way invites, advises, encourages or requests any person to take or refrain from taking any action. 

 It is
the intent and desire of the parties that the restrictive provisions of this Annex B be enforced to the fullest extent permissible under the laws and public policies as applied in each jurisdiction in which enforcement is sought. If any
particular provision of this Annex B is determined to be invalid or unenforceable, such covenant shall be amended, without any action on the part of either party, to delete the portion determined to be invalid or unenforceable (such deletion
to apply only with respect to the operation of such covenant in the particular jurisdiction in which such adjudication is made). Your obligations under this Annex B shall survive the termination of your employment with the Company.Exhibit 10.8

August 11, 2021
Dear Segun Odunuga,
Re:      Offer of Employment with McEwen Mining Inc.
I am pleased to offer you a position with McEwen Mining Inc. (“McEwen” or the “Company”), in the capacity of Vice President, Corporate Controller.
Please see attached Schedule “A” for the terms and conditions of the Company’s offer of employment. Your new position responsibilities are described in the Role Description attached as Schedule “B”.
In the course of your employment, you will have a need to know or otherwise become aware of confidential, proprietary and non-public information about McEwen. Accordingly, this offer of employment is conditional upon successful completion of reference checks and you also executing and returning to McEwen, and at all times adhering to, the Confidentiality and Intellectual Property Agreement attached as Schedule “C”.
Should you wish to accept the offer of employment outlined in this letter and the schedules attached hereto (collectively, the “Agreement”), please initial and sign where indicated below and return signed copies of the Agreement to Barbara Dorrington at bdorrington@mcewenmining.com by no later than 5.00 p.m. on August 20, 2021 after which time this offer of employment will automatically expire.
Segun, we look forward to your acceptance of this position as Vice President, Corporate Controller and to a successful employment relationship.
Sincerely yours,
McEwen Mining Inc.
/s/ Anna Ladd-Kruger
​
Anna Ladd-Kruger
Chief Financial Officer
Employee Acceptance
I have read, understood and had a reasonable opportunity to obtain independent legal advice regarding this Agreement prior to signing this Agreement. I voluntarily accept the terms and conditions of this Agreement as consituting a binding employment agreement between me and the Company.
​
	/s/ Segun Odunuga
	Date:  
	August 17, 2021

	Segun Odunuga
		

​
1
​

SCHEDULE “A”
​
MCEWEN MINING INC.
Terms and Conditions of Employment
​
Capitalized terms used but not defined in this Schedule “A” have the meaning ascribed to them in the letter to which this Schedule “A” is attached.
​
	​

	​

	​

		
	Title
	
	Reporting Relationship
	Anna Ladd-Kruger, Chief Financial Officer

	Start Date and Term
	Employment will commence on September 7, 2021, or as otherwise mutually agreed to by the parties in writing (the “Start Date”) for an indefinite term.

	Reporting Location
	Toronto Corporate Office

	Status
	Full Time

	Responsibilities
	Your job responsibilities are described in Schedule “B” to this Agreement. Your role, responsibilites and line of reporting may be adjusted from time to time to meet the business needs of McEwen.
While employed by the Company, you agree to work on a full-time basis exclusively for the Company and that you shall not, while you are employed by the Company, be employed or engaged in any other capacity (and in particular, in promoting, undertaking or carrying on any other business that competes with the Company or interferes or could reasonably interfere with your duties to the Company) without the Company’s prior written permission. Any violation of this provision shall be considered a contravention of the Company’s Code of Business Conduct and may constitute a conflict of interest..

	Base Salary
	$225,000.00 per annum paid on a bi-weekly basis by way of direct deposit. Base salaries are reviewed annually.

	Stock Options
	You shall receive an initial grant of 50,000 Stock Options which shall be governed in accordance with the terms of the Company’s Equity Incentive Plan and the applicable Grant Agreement.
You shall also be eligible to participate in such other equity plans as are established in the sole discretion of the Board of Directors of the Company (the “Board”) and in accordance with any applicable plan terms. 

	Short Term Incentive Plan - Bonus
	You will be eligible to participate in the Company’s bonus plan and earn a bonus of up to 35% of your annual base salary, subject to attainment of business and personal objectives and in accordance with the Company’s bonus policy, as may be amended from time to time subject to the approval of the Compensation Committee and the Board. You must be in active employment in order to be eligible to receive such bonus. Except as otherwise required by the Ontario Employment Standards Act, 2000, as amended (the “ESA”), “active employment” will cease on the day you give or receive notice of termination of employment and will not include any period of notice, pay in lieu of notice or severance pay that may follow pursuant to this Agreement, the ESA or the common law (if applicable), regardless of whether the termination of your employment was lawful or unlawful. Payment of a bonus in one year is no guarantee of a bonus in any future year.

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	Vacation
	You will be entitled to four (4) weeks of vacation annually accrued monthly to be taken at a time or times as determined or agreeable to the Company having due regard to its operations (with such entitlement pro-rated for any partial year of employment). Vacation use and scheduling are subject to the terms of the Company’s Vacation Policy.

	Benefits
	You shall be eligible to participate in all benefit plans of Company as may be made available to employees of Company from time to time in accordance with applicable plans and/or insurance contracts. You will receive complete details of all benefits plans as part of your orientation.

	Travel
	You may be required as part of your role to travel to our site operations as business are required.You agree that risks associated with such travel have been described to you as part of the hiring process and that you voluntarily assume those risks. The Company will continue to provide you with ongoing and reasonable information as it relates to such risks.

	Expenses
	You shall be reimbursed for any business expenses that are incurred in the course of performing your duties in accordance with the Company’s expense policy.

	Policies and Standards
	The Company has established a variety of policies and standards, which shall form part of your employment terms with the Company, including the Code of Business Conduct and Ethics, Global Anti-Corruption, Anti-Harassment and the Expense Reimbursement Policy. You agree to be bound by these policies and standards, as amended or otherwise introduced from time to time at the sole discretion of the Company. You agree that you have no reasonable expectation of privacy while using Company IT resources, including its IT networks or property (such as computers, cellular telephones, etc.).

	Non Solicitation
	You shall not, while employed by the Company and for 18 months following the termination of your employment with the Company for any reason, directly or indirectly, on your behalf or on behalf or in connection with another person or entity, recruit, attempt to recruit or directly or indirectly participate in the recruitment of, any person who is engaged as an employee or contractor of the Company as of the date of termination of your employment or during the 12-month period preceding such date and who remains so engaged at the time of the recruitment or attempted recruitment.
You agree that irreparable harm will be suffered by the Company in the event of your breach or threatened breach of your obligations under this Agreement, and that the Company will be entitled to seek, in addition to any other rights and remedies that it may have at law or equity, a temporary or permanent injunction restraining you from engaging in or continuing any such breach hereof. Any claims asserted by you against the Company shall not constitute a defence in any injunction action, application or motion brought against you by the Company.

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	Non Disparagement
	You agree that during your employment and thereafter, you shall not comment in any adverse fashion on the Company, its directors or officers, employees or agents.

	No Obligations to Third Parties
	You hereby represent and warrant to the Company that you are not party to any written or oral agreement with any third party that would restrict your ability to enter into this Agreement or Schedule “C” (the Confidentiality and Intellectual Property Agreement) or to perform your obligations hereunder and that you will not, by joining Company, breach any non-disclosure, intellectual property rights, non-competition, non-solicitation or other covenant in favour of any third party.

	Changes to Duties and/or Compensation
	If your duties, reporting lines, or compensation should change during the course of your employment with the Company, the validity of this Agreement, including the section regarding “Termination by You With Notice”, “Termination by the Company For Just Cause” and “Termination by the Company Without Just Cause” will not be affected.

	Termination by You With Notice
	You may terminate your employment under this Agreement by providing the Company with 30 days’ advance written notice. Subject to any requirements under the ESA, the Company may waive all or part of such notice period or change your assignment or place of work (within reason) during such notice period, and you agree that it shall not constitute a constructive dismissal.

	Termination by the Company For Just Cause
	The Company may terminate your employment without notice at any time for just cause.Just cause may include: (a) your willful neglect of your duties as described in Schedule “B”, as may be amended by the Company from time to time; (b) your willful engagement in misconduct which is injurious to the Company, other than business decisions made in good faith; (c) the willful violation by you of the provisions of this Agreement or any material policy, including the Code of Business Conduct and Ethics, Global Anti-Corruption, Anti-Harassment and Expense Reimbursement Policy; (d) dishonesty; (e) you being found guilty of an offence under criminal or quasi criminal legislation that has a reasonably drawn nexus to the workplace which in the Company’s sole determination caused or could cause damage to its reputation; or (f) engaging in a conflict of interest. In the event of a termination under this section, the Company shall provide you with any accrued and unpaid base salary and vacation pay and reimbursement for any outstanding business expenses (the “Accrued Entitlements”). You will not be entitled to any notice of termination or pay in lieu of notice, unless required by the ESA, in which case you will be entitled to only the minimum period of notice or pay and benefits continuation in lieu of notice and severance pay (if any) required by the ESA.

	Termination by the Company Without Just Cause
	The Company may terminate your employment at any time without just cause by providing you with the Accrued Entitlements and only the greater of:

(a)
three (3) weeks’ notice of termination or base salary in lieu of notice,plus one (1) additional weeks’ notice or base salary in lieu of notice for every completed year of employment following the first anniversary of the Start Date, to a maximum of 12 weeks’ notice or base salary in lieu of notice (eg.,2 completed years of service would result in 4 weeks’ notice or base salary in lieu of notice; 3 completed years of service would result in 5 weeks’ notice or base salary in lieu of notice), plus the minimum severance pay,if any, owed to you under the ESA; and

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(b)
your minimum entitlement to notice of termination or pay in lieu of notice and severance pay, if application, as required under the ESA.

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		In either case of (a) or (b) in this Section, your benefits coverage shall be continued for the minimum period required under the ESA. For certainty, any such payments contemplated in this Section shall be inclusive of the notice of termination, pay in lieu of such notice, and severance pay (if any) owing to you under the ESA.
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	Change of Contro
	A “Change of Control” means any of the following:

(a)
a change in the direct or indirect ownership of, or control or direction over, voting securities of the Company, as a result of which, a person, or a group of persons, acting jointly or in concert, is in a position to exercise effective control over the Company for the first time;

(b)
an amalgamation, arrangement, merger, reorganization, or consolidation or other similar event that shifts voting control of the Company or any successor entity to persons other than the persons who had voting control immediately prior to the event;

(c)
a change in the composition of the Board which occurs at a single meeting of the shareholders of the Company or upon the execution of a shareholder’s resolution, such that individuals who are members of the Board immediately prior to such meeting or resolution cease to constitute a majority on the Board constituted immediately prior to such meeting or resolution, without the Board having approved of such change; and

(d)
the sale, lease , transfer, or other disposition of all or substantially all of the Company’s assets.

For the sake of clarity, a Change of Control will not be deemed to have occurred where the current shareholders take the company private, or where one shareholder sells their ownership stake to another existing shareholder.For greater certainty, financing transactions completed in the ordinary course of business do not constitute a change of control.
In the event that the Company terminates your employment without just cause within 6 months following a Change of Control, then in lieu of the entitlements set out above in the Section entitled “Termination by the Company Without just Cause,” the Company will provide you with the Accrued Entitlements and only the greater of:

(a)
a lump-sum payment equal to 6 month’s base salary; and

(b)
your minimum entitlement to notice of termination or pay in lieu of notice severance pay, if applicable, as required under the ESA.

In addition, (1) your benefits coverage shall be continued for the minimum period required under the ESA, and (2) any vested stock options you may have as of the date you receive notice of termination must be exercised within 3 months of the date of termination. For certainty, any such payments contemplated in this Section shall be inclusive of the notice of termination, pay in lieu of such notice, and severance pay (if any) owing to you under the ESA.

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	Release of Claims
	You agree to accept the termination entitlements as outlined herein in full satisfaction of all claims you have or may have against the Company arising out of your resignation or termination, including any claim to notice of termination, pay in lieu of notice and severance pay under the ESA and any further claims under statute, contract and common law. No further notice or payment of any kind whatsoever will be provided except as required by the ESA.
You further agree that any termination payment or other benefit or entitlement referenced herein that exceeds your entitlements under the ESA shall be conditional upon you first executing and returning, within five (5) days of the date the Company provides you with notice of termination, a release in the form attached as Schedule “D”. If you do not sign and return the release by that deadline, you shall be provided with only your minimum entitlements under the ESA, and this shall be your maximum entitlement under the ESA, contract or common law.
The termination provisions outlined herein will continue to apply regardless of any changes to the terms and conditions of your employment, but not limited to promotions and transfers, unless you and the Company mutually agree otherwise in writing.

	Compliance with Ontario Legislation
	Nothing in this Agreement is intended to conflict with the ESA. In the event of a conflict between any provision or language in this Agreement and the minimum standards prescribed by the ESA, the minimum standards prescribed by the ESA shall govern.You agree that you have received a copy of the ESA Poster. The Company provides accommodations for employees with disabilities. If you require a specific accommodation because of a disability or medical need, please contact Barbara Dorrington, Director Human Resources by e-mail at bdorrington@mcewenmining.com before the Start Date so that, subject to measures constituting undue hardship, the appropriate accommodations can be in place before you begin work.

	Paid Administrative Leave
	You agree that the Company may place you on a paid administrative leave, in which case you shall not perform your regular duties, nor attend the Company’s premises, provided that the Company continues to provide your base salary and benefits during the leave and advises you of the reason for such leave. During any period you are placed on paid administrative leave, you must observe all obligations of employment and this Agreement (which are not inconsistent with any direction given). You must also observe all contractual and common law duties owed to the Company during such period.

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	Layoff
	You agree that the Company has a right to temporarily lay you off from employment as per the provisions of the ESA.

	Deductions and Withholdings
	Any payments made to Employee under this Agreement shall be subject to applicable deductions and statutory withholdings.

	Severability
	If any court of competent jurisdiction renders any provision or section of this Agreement unenforceable, such unenforceability shall not affect the enforceability of any other provision or section of this Agreement.

	Entire Agreement
	This Agreement, inclusive of the Schedules, supersedes any and all other agreements, whether oral or in writing, between the parties with respect to your employment with the Company.

	Governing Law
	This Agreement is governed by the laws of the Province of Ontario and you agree to the non-exclusive jurisdiction of the courts and tribunals of the Province of Ontario in relation to this Agreement.

	Currency
	Unless otherwise specified, all currency in this Agreement shall be in CAD.

	Confidentiality and Intellectual Property
	This Agreement is conditional upon you agreeing to and abiding by the “Confidentiality and Intellectual Property Agreement” attached hereto as Schedule “C.”

	Legal Advice
	If you are uncertain about the contents this Agreement, you should seek independent legal advice. You acknowledge and agree that the Company has provided you with a reasonable opportunity to obtain independent legal advice prior to signing this Agreement.

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SCHEDULE “B”
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	Role Description

	Reporting Relationships
	​

	Reports to: Chief Financial Officer (CFO)
	  Location: Toronto corporate office.

	Objective of the Role
	​

	Reporting directly to the CFO, the Vice President, Corporate Controller will be a technically strong financial executive, with proven experience in global financial reporting with solid technical experience in US GAAP. The responsibilities are varied with an emphasis on reporting, controls and analysis.

	Key Responsibilities include but limited to:
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The Vice President, Corporate Controller will collaborate with the Chief Financial Officer, the corporate finance leadership team, and site finance personnel at McEwen’s operations in Canada, USA, Mexico and Argentina, to ensure ongoing improvements in external and internal financial and operational controls, systems and reporting;

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Direct reports: Manager, Tax; Manager, Internal Controls (dotted line); Manager, Financial Reporting; Manager;

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There are key relationships with the Director of Operations Finance, the Global Systems Manager, and Site Management;

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A key leader within the McEwen finance team, the position will be responsible for treasury functions, debt compliance reporting, payroll, global risk management, global tax & insurance programs and accountability for all external financial reporting including SOX compliance, external auditor liaison and will be an integral part of business system implementation & continous automation of financial systems and processes;

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Assist in establishing internal controls program leading eventually to a robust and functioning Internal Audit function in 1 to 2 years’ time;

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Leadership and mentoring of a young group of professionals is critical.

	Relationships
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	Internal:
	External:

	Executives, managers and employees at the corporate office and sites
	Consultants, auditors, regulatory authorities, lenders

	Scope of Responsibility & Complexity
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	Qualifications & Skill Requirements
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Undergraduate degree in buisness, economics, accounting or related field is highly desired

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10+ years of experience, including prior experience in the Mining industry

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Canada Chartered Accountant and or US CPA designation

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Strong financial reporting experience for inter listed mining companies (TSX and NYSE)

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Must have experience in external and internal financial and operational controls and reporting, treasury management, payroll, global tax & insurance planning and accountability for all external financial reporting including SOX compliance

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Experience with process and change management: drive improvement in daily accounting operations, systems and procedures & contract review & negotiations

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Leadership, influencing and communication skills are a key factor, you will have an ability to work cross-functionally, and with senior management and executive staff and will also work with outside parties (auditors, tax, board members)

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Must be able to develop, coach and mentor financial team

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Able to support the CFO in numerous initiatives around fund raising, potential M&A transactions.

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SCHEDULE “C”
Confidentiality and Intellectual Property Agreement
In consideration of employment with McEwen Mining Inc. (the “Company”), and for other payments and benefits provided, the sufficiency of which is acknowledged, Segun Odunuga (the “Employee”) agrees, and covenants as follows:
		1.
	Employment with the Company will give the Employee access to intellectual and confidential information belonging to the Company, its customers, its suppliers and others (the confidential information is collectively referred to in this Agreement as “Confidential Information”). Confidential Information includes records, data, materials and information and copies thereof and all information relating to any properties, procedures, suppliers, services, personnel, policies and practice, cost and expense structure, business, prospects and business/organizational opportunities and plans of the Company and all financial information and other information or disclosure relating to the business and affairs of the Company. Confidential Information does not include information that at the time it was received was in the public domain, was disclosed to the Employee through no fault of the Employee, was legitimately known to Employee prior to disclosure, or is required by law to be disclosed.

		2.
	The Employee covenants and agrees that the Company shall solely and exclusively own all right, title and interest in, and to, all “Intellectual Property”, which is defined as follows: all intellectual and industrial property and rights therein, whether or not registered or registrable, and all registrations, applications, divisional, extensions, and reissues therefor, including without limitation all works in which copyright subsists or may subsist, derivative works, computer software, moral rights, designs, industrial designs, Confidential Information, as defined above, trademarks and trade names including all goodwill associated therewith, patents, discoveries, improvements, inventions and integrated circuit topographies, specifically developed, created, produced or contributed to by the Employee at any time, pursuant to this Agreement. The Employee hereby assigns all Intellectual Property to the Company. The Employee further agrees to sign and deliver to the Company all documents the Company may reasonably require to confirm or evidence such assignment and the Company’s ownership of the Intellectual Property, when and as requested by the Company. The Employee agrees to waive, and hereby waives, any and all moral rights or rights of a similar nature which the Employee has or in the future may have (including in Intellectual Property which may come into existence after the date of this Agreement) in each jurisdiction throughout the world, to the extent that such rights may be waived in each respective jurisdiction. The Employee further agrees to sign and deliver to the Company all documents the Company may reasonably require to confirm or evidence such waiver of the moral rights, when and as requested by the Company. For clarity, the Employee acknowledges that the Company and its affiliates and licensees have the unlimited right to use (or not to use) the Intellectual Property and all elements thereof, including the right to edit, change, distort, transpose and otherwise modify the Intellectual Property in any manner and to use the Intellectual Property higin association with any and all goods, services, products and institutions and the Employee shall waive and hereby waives any right to receive authorship or ownership credit in connection with any use of the Intellectual Property or elements thereof.

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		3.
	The Employee shall, during and after employment, keep all Confidential Information and Proprietary Property confidential and shall not use any of it except for the purpose of carrying out authorized activities on behalf of the Company. The Employee covenants and agrees not to make any unauthorized use whatsoever of or to bring onto the Company’s premises for the purpose of making any unauthorized use whatsoever of any trade secrets, confidential information or intellectual property of any third party, including without limitation any trade-marks or copyrighted materials, during the course of employment. The Employee agrees and represents that employment and the execution of this Agreement do not and will not breach any agreement to which the Employee is currently a party or which currently applies to the Employee.

		4.
	The Employee agrees that the Employee will, if requested from time to time by the Company, execute such further reasonable agreements as to confidentiality and intellectual property rights as the Company’s customers or suppliers reasonably required to protect Confidential Information or Intellectual Property.

		5.
	Regardless of any changes in position, salary or otherwise, including, without limitation, termination of the Engagement, unless otherwise stipulated pursuant to the terms hereof, the Employee will continue to be subject to each of the terms and conditions of this Agreement and any other(s) executed pursuant to the preceding paragraph.

		6.
	The Employee acknowledges that the services provided by the Employee to the Company are unique. The Employee further agrees that irreparable harm will be suffered by the Company in the event of the Employee’s breach or threatened breach of any of their obligations under this Agreement, and that the Company will be entitled to seek, in addition to any other rights and remedies that it may have at law or equity, a temporary or permanent injunction restraining the Employee from engaging in or continuing any such breach hereof. Any claims asserted by the Employee against the Company shall not constitute a defence in any injunction action, application or motion brought against the Employee by the Company.

		7.
	This Agreement is governed by the laws of the Province of Ontario and the Employee agrees to the non-exclusive jurisdiction of the courts of the Province of Ontario in relation to this Agreement.

		8.
	If any court of competent jurisdiction renders any provision or section of this Agreement unenforceable, such unenforceability shall not affect the enforceability of any other provision or section of this Agreement.

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IN WITNESS WHEREOF this Agreement has been executed as of the 17 day of DATE August, 2021.
	SIGNED, SEALED AND DELIVERED
	    
	)
	    
	
	In the presence of:
		)
		/s/ Segun Odunuga

			)
		Segun Odunuga

	/s/ Sade Odunuga
		)
		
	Witness
		)
		

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SCHEDULE “D”
Acceptance and Release
l, Segun Odunuga, have read, understand and, after having obtained independent legal advice, voluntarily accept the terms and conditions outlined in the letter from McEwen Mining Inc. (the “Company”) to me dated August 16, 2021 (the “Letter”) in full and final settlement and release of any and all claims I may have, statutory or otherwise, against the Company and its successors, assigns and any related or affiliated Company and any and all of their past, present and future respective directors, officers, employees, agents and shareholders (collectively, the “Releasees”), in any way relating to my employment with the Company or the termination of my employment, including any claims under my employment agreement dated August 16, 2021, the Employment Standards Act, 2000 (Ontario), the Human Rights Code (Ontario) and the Occupational Health and Safety Act (Ontario), common law, equity or otherwise, any claims for reinstatement, salary, wages, bonus, commissions, stock options, termination pay, severance pay, overtime pay, vacation pay, holiday pay or compensation in lieu of notice, any claims which may arise under any benefit plans or pension plan in which I participated during my employment, and any claims I may have in any way relating to improper workplace behaviour, including workplace violence, workplace harassment (including sexual harassment) and discrimination.
I further agree that I am aware of my rights under the Human Rights Code (Ontario) and confirm that I am not asserting such rights or advancing a human rights complaint.
I further agree that the terms and conditions of the Letter and this Acceptance and Release shall constitute a settlement under, among other things, section 112(1) of the Employment Standards Act, 2000 (Ontario).
I further agree to indemnify and save the Releasees harmless from any and all claims or demands under the Income Tax Act (Canada), the Income Tax Act (Ontario), the Canada Pension Plan, the Employment Insurance Act (Canada), the COVID-19 Emergency Response Act (Canada), and the Canada Emergency Response Benefit Act (Canada), including any regulations made thereunder, and any other statute or regulations, or for in respect of any overpayment of wages or salary by the Company while I am receiving payments under the Employment Insurance Act or the Canada Emergency Response Benefit Act, or any failure on the part of the Company to withhold income tax, Canada Pension Plan contributions, employment insurance premiums or benefit overpayments or any other tax, premium, payment or levy from all or any part of the said consideration.
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I acknowledge and agree that I have not been either directly or indirectly involved in, witnessed or asked or directed to participate in any conduct that could give rise to an allegation that any of the Company, its directors, officers, employees or agents has violated any laws applicable to its businesses or that could otherwise be construed as inappropriate or unethical in any way, even if such conduct is not, or does not appear to be, a violation of any law. I acknowledge and represent that I have been given the opportunity to report such conduct to the Company and to third parties and that I have not made any such report to the Company or to any third parties. I will not cooperate with, encourage or assist any other person or entity in pursuing claims or litigation against the Releasees. The foregoing is agreed, however, not to limit my obligation to testify honestly and accurately in any legal proceeding if compelled to do so by a court order, summons or subpoena.
I further agree not to disclose the terms of the Letter and this Acceptance and Release, except to my legal counsel, my financial advisors, my immediate family, as required by law or as permitted under applicable regulatory whistleblowing legislation. I further agree not to comment in any adverse fashion on the Releasees, unless permitted to do so in accordance with applicable regulatory whistleblowing legislation.
I further agree that this Acceptance and Release shall be governed by the laws of Ontario and shall be determined by any court of competent jurisdiction to be invalid or unenforceable, the remainder of this Acceptance and Release shall not be affected by such invalidity.
	

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	Date:
	August 17th 2021
	    
	
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	/s/ Segun Odunuga

	Witness:  
	/s/ Sade Odunuga
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	Segun Odunuga

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EMPLOYEE INITIALS ______
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