Document:

Exhibit 10.1

 

 

 

April 3, 2020

 

VIA EMAIL: kgpmah@gmail.com

 

 

Mr. G. Peter Mah 

70 Elementary Road 

Anmore, BC V3H 4Y6

 

 

Dear Peter,

 

Re:       Offer
of Employment

 

I am pleased to provide you with our formal
offer letter of employment to you with McEwen Mining Inc. (the "Company"), referenced hereto as Schedule “A”,
as Chief Operating Officer, effective April 2, 2020. This letter agreement supercedes our letter to you dated April 1, 2020,
which is terminated and of no further force and effect.

 

Kindly note that this offer is conditional
upon you executing and returning a signed copy of this letter and signed/initialed copies of the attached Schedules "A",
B" and "C" (the "Agreement") to me on or before April 6, 2020.

 

Note that the use of the term "ESA"
in the Agreement shall mean Ontario's Employment Standards Act, 2000, as may be amended from time to time, or its successor
legislation.

 

Please ensure you retain a copy of the Agreement for your records.

 

Peter, we look forward to welcoming you
to the Company team and wish you a successful and rewarding career with us.

 

Sincerely,

 

MCEWEN MINING INC.

 

Robert R. McEwen 

Chairman and Chief Owner

 

I, G. Peter Mah, acknowledge that I have
read, understood and accept this offer and the terms and conditions contained in the attached Schedules (which form the Agreement
as defined above) and agree to be bound by the terms and conditions of employment as outlined therein, including those that limit
my entitlements, if any, upon the end of my employment with the Company.

 

	 	 	April 6, 2020
	Signature	 	Date

 

	 	EMPLOYEE INITIALS	 

 

150
King Street West, Suite 2800, P.O. Box 24. Toronto, Ontario Canada M5H 1J9 

Tel:
647.258.0395 Toll Free: 1.866.441.0690 Fax: 647.258.0408 

Website:
www.mcewenmining.com Email: info@mcewenmining.com

 

     

     

    

 

SCHEDULE "A"

 

MCEWEN MINING
INC. 

Terms and Conditions of Employment

 

The following outlines the terms and conditions of
employment with McEwen Mining Inc. (the "Company").

 

	Title	Chief Operating Officer
	Reporting Relationship	Robert R. McEwen, Chairman and Chief Owner 
	Start Date	April 2, 2020, or as otherwise agreed to by the parties in writing.
	Status	Full Time
	Responsibilities	Your job responsibilities include the management of all
                                                                                                                                                                                                                                  McEwen’s operating mines and development
                                                                                                                                                                                                                                  projects, corporate strategic planning, merger and acquisition activities,
                                                                                                                                                                                                                                  due diligence, and relationships with all of McEwen’s stakeholders. A copy of your position description and annual
                                                                                                                                                                                                                                  objectives are described further in the attached Schedule "B."

                                                                                 

                                                                                While employed by the Company, you agree to work on a full-time basis exclusively
                                                                                for the Company and agree that you shall not, while you are
                                                                                employed by the Company, be employed or engaged in any capacity, 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 our prior written permission. It shall be considered a conflict of interest
                                                                                contrary to the Code of Business Conduct, or otherwise, if you are found in violation of this provision. It is
                                                                                your sole responsibility to raise any conflicts or potential conflicts to the attention of the Chairman and Chief Owner for
                                                                                direction.

	Base Salary	$390,000 per annum paid on a semi-monthly basis by way of direct deposit. While travel is prohibited due to the COVID19 threat, and until the following conditions are met:
	 	-   travel restrictions have been lifted for travel from Canada to the United States, Mexico and Argentina;
	 	-   no restrictions inhibiting your ability to travel to Timmins, Ontario as per the rules of Public Health Ontario exist;
	 	-   the Chairman an Chief Owner has authorized employees of the Company to resume business travel in light of the COVID 19 pandemic.
	 	your base salary will be $195,000 per annum paid on a semi-monthly basis by way of direct deposit.
	Stock
    Options	You
                                                                                                 shall receive an initial grant of 300,000 Stock Options in accordance with the
                                                                                                 terms of the Company's Equity Incentive Plan and Grant Agreement to be issued
                                                                                                 and priced at $0.81 (United States Dollars) per New York Stock Exchange
                                                                                                 traded common share, being 115% of the closing price on the Start Date.
  
 You
                                                                                                                                                                                                                                                                                                                                                                      shall also be entitled to participate in such other equity plans as are determined
                                                                                                                                                                                                                                                                                                                                                                      in the sole discretion of the Board of Directors of the Company (the “Board”)
                                                                                                                                                                                                                                                                                                                                                                      and any applicable plan terms. The Board shall establish the applicable annual funding targets for any awards. Awards will be
                                                                                                                                                                                                                                                                                                                                                                      granted on an annual basis and payable not later than fourteen
                                                                                                                                                                                                                                                                                                                                                                      (14) days following the annual meeting of shareholders of the
                                                                                                                                                                                                                                                                                                                                                                      Company following the year for which the award is
                                                                                                                                                                                                                                                                                                                                                                      granted.

 

	 	EMPLOYEE INITIALS	 

 

     

     

    

 

	Bonus	You shall be eligible to receive a bonus at a time and in the amount as determined by the Board in its sole discretion.
	Vacation	You will be entitled to five (5) weeks of vacation annually accrued on a monthly basis to be taken at a time as determined or agreeable to the Company having due regard to its operations (with such entitlement pro-rated for any partial year of employment). You must take your vacation in the year that it accrues. Subject to the minimum requirements under the ESA, any unused vacation at the end of the calendar year shall be forfeited and forever lost without further payment to you by the Company.
	Benefits	You shall be entitled to participate in all benefit plans of Company as may be made available to employees of Company from time to time for which you are eligible in accordance with applicable plans and/or insurance contracts. You will receive complete details of all benefits plans as part of your orientation.
	Travel	Until the following conditions are met:
	 	-   travel restrictions have been lifted for travel from Canada to the United States, Mexico and Argentina;
	 	-   no restrictions inhibiting your ability to travel to Timmins, Ontario as per the rules of Public Health Ontario exist;
	 	-   the Chairman an Chief Owner has authorized employees of the Company to resume business travel in light of the COVID 19 pandemic.
	 	You will not be required to travel on business for the Company. Once all of the aforementioned conditions are met, the following travel requirements will apply:
	 	As per the requirements of your position, you will be expected to travel to our sites and otherwise on a frequent basis, as the operations of the business reasonably demand. 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 expenses that are incurred in the course of business and in accordance with the Company's expense policy. The Company shall provide a parking spot for your use, near the Company’s offices in Toronto. Such expense reimbursements do not form part of your compensation and shall not be continued following the effective date of termination of your employment for any reason.
	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.).

 

	 	EMPLOYEE INITIALS	 	3

 

     

     

    

 

	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: (a) recruit, attempt to recruit or directly or indirectly participate
        in the recruitment of, any Company employee or contractor; or (b) offer employment or engagement or otherwise entice away from
        employment or engagement with the Company any individual who is employed or engaged by the Company. In the case of both (a) and
        (b), such restrictions shall apply only to persons that you had business dealings with in the 12 months preceding termination of
        your employment for any reason.

         

        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.

	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 Information 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 Without Notice" and "Termination by the Company With Notice" 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 such further notice, or change your assignment, or place of work (within reason) during such notice of termination, and you agree that it shall not constitute a constructive dismissal.
	Termination by the Company Without Notice	The Company may terminate your employment without notice for any of the following reasons, or as specified under the ESA or "Cause" under common law, including: (a) your continued failure to substantially perform your duties as described in Schedule "B", or otherwise required by the Company; (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 as described above. In the event of a termination under this section, the Company shall pay you any unpaid wages earned to the date of termination and any accrued and unpaid vacation pay earned by you during the same calendar year. Except for as may be required under the ESA, the Company shall have no further obligations to you.

 

	 	EMPLOYEE INITIALS	 	4

 

     

     

    

 

	Termination by the Company With Notice	
        The Company may terminate your employment
        without notice, for any reason, by providing you with the greater of: (a) three (3) weeks' notice if you are terminated in the
        first year of employment from the Start Date, plus an additional three (3) weeks' of notice for every completed year thereafter,
        to a maximum of 12 weeks (e.g. 2 years of service would result in 6 weeks of base wages; 3 years' of service would result in 9
        weeks of base wages); or (b) your minimum entitlement to notice, pay in lieu of notice and statutory severance pay, if applicable,
        or any other entitlement as required under the ESA.  

         

        For certainty, such notice may be provided
        as working notice or pay in lieu of notice, or a combination thereof, at the Company's sole discretion. Note that if you are solely
        provided with working notice, statutory severance pay, if any, shall be provided to you at the end of such working notice period.
         

         

        In either case of (a) or (b) in this Section,
        benefits 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 required by the ESA and/or pay in lieu of such notice, or statutory severance pay (if
        any) owing under the ESA.  

         

        You agree that such notice is reasonable
        and that no further notice or other payments or compensation or entitlements are owing to you under contract, statute or common
        law. In no circumstance will you receive less than any amounts or other benefits or entitlements owing to you under the ESA.

         

        In the event of a takeover of the Company,
        as a result of which you are terminated or you choose to resign you will be entitled to a payment equal to twice the sum of your
        annual salary and bonus of the preceding year.

	Release of Claims	You further agree that any payment or other benefit or entitlement that the Company's provides to you under the "Termination by the Company With Notice" provision that is greater than your entitlements under the ESA shall be provided in exchange for you executing a release within five (5) days of the termination date in the form attached as Schedule "D". If you do not wish to sign the release you shall be provided with your minimum entitlements under the ESA as set out above and this shall be your maximum entitlement under the ESA, contract or common law.

 

	 	EMPLOYEE INITIALS	 	5

 

     

     

    

 

	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 ESA, such 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 Carmen Diges, General Counsel at 647.258.0395 or by e-mail at cdiges@mcewenmining.com
        before your start date so that, subject to measures constituting undue hardship, the appropriate accommodations can be in place
        before you begin work.

	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 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	As highlighted in the offer letter, attached, this Agreement is conditional upon you agreeing to and abiding by the "Confidentiality and Intellectual Property Information Agreement" attached hereto as Schedule "C."
	Legal Advice	If you are uncertain about the contents this Agreement, you should seek independent legal advice.

 

	 	EMPLOYEE INITIALS	 	6

 

     

     

    

 

SCHEDULE "B"

 

SUMMARY OF ROLE AND KEY RESPONSIBILITIES

 

		·	Management of the operating mines and development projects

 

		·	Corporate strategic planning

 

		·	Merger and acquisition activities

 

		·	Due diligence

 

		·	Management of relationships with stakeholders

 

SKILLS AND QUALIFICATIONS:

 

		·	Mining engineering degree

 

		·	Strong operating background

 

		·	Managed multiple operations simultaneously

 

		·	Capital markets experience – capital raising

 

		·	Persuasive presenter

 

		·	Good problem solver

 

	 	EMPLOYEE INITIALS	 	 

 

     

     

    

 

SCHEDULE "C"

 

Employee Covenants 

Confidentiality and Intellectual Property Agreement

 

In consideration
of employment with McEwen Mining Inc. (the "Company"), G. Peter Mah (the "Employee") and for
other payments and benefits provided, the sufficiency of which is acknowledged by the Employee, 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 in 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.

 

		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.

 

     

     

    

 

		4.	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.

 

		5.	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.

 

		6.	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.

 

		7.	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.

 

		8.	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.

 

		9.	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.

 

IN WITNESS WHEREOF the
Company has caused this Agreement to be executed as of the 6th day of April, 2020.

 

	SIGNED,
                           SEALED AND DELIVERED

                           In
                           the presence of:
	)

                                              ) 
	 
	 	)

                                   )
	G.
    Peter Mah
	Witness	)Exhibit

Exhibit 10.1

General Release Agreement
YOU ARE ADVISED TO CONSULT AN ATTORNEY ABOUT THIS AGREEMENT
This General Release Agreement (this “Agreement”) sets forth the agreement between you and Levi Strauss & Co. (“LS&Co.” or the “Company”) regarding Separation Pay and benefits and your release of claims in connection with the cessation of your employment with LS&Co.
You and LS&Co. agree:
		
	1.
	Separation Date: Your employment with LS&Co. will terminate on February 16, 2020 (your “Separation Date”). Whether or not you accept this Agreement, you will be paid (or you have been paid) all wages, including accrued and unused vacation, due to you as of your Separation Date.  By executing this Agreement, you acknowledge that you have received all wages and benefits due to you as of the Separation Date.

		
	2.
	Separation Pay. In consideration of your acceptance of this Agreement, you will receive $1,248,000.00 (one-million two-hundred and forty-eight thousand dollars and zero cents), representing 78 weeks of base pay, in Separation Pay. This pay will be subject to withholding and deductions for all taxes required by law and those deductions you have already authorized in writing, will be treated as supplemental wages, and will be paid out in biweekly increments during normal payroll periods of the Company.

		
	3.
	Group Health Benefits. Except for COBRA continuation, your group health benefits end as of February 29, 2020. Whether or not you sign this Agreement, you may be eligible to continue receiving group health benefits pursuant to the federal COBRA law. The details of the COBRA continuation benefit are provided with your exit package.

Provided you sign and do not timely revoke this Agreement, if you are eligible for and properly elect continued group medical coverage through COBRA, then LS&Co. will subsidize the cost of medical coverage under COBRA for up to 78 weeks following your February 16, 2020 Separation Date (the “Separation Period”). The subsidy will reduce the COBRA coverage cost so that you will pay an amount equivalent to the contribution required for active employees, plus a 2% administrative fee. When the Separation Period ends, you must pay the full cost of medical coverage plus a 2% administrative fee to continue coverage for the remaining COBRA period. The subsidy also will cease when you accept other employment and become eligible for group medical benefits through another employer, whether or not you elect to participate in such plan. There is no COBRA subsidy for dental or vision benefits.
		
	4.
	Additional Benefits Coverage.

		
	a.
	Life Insurance. During the Separation Period, LS&Co. will provide you with free basic life insurance with a death benefit equal to your base salary as of the Separation Date.

		
	b.
	Equity Awards. If you have (i) been granted a Stock Appreciation Right or Restricted Stock Unit award from the Company, (ii) such Stock Appreciation Right or Restricted Stock Unit award is subject to time-based vesting, and (iii) your Separation Date is at least twelve (12) months after the date of grant of such Stock Appreciation Right or Restricted Stock Unit award, the Stock Appreciation Right or Restricted Stock Unit award will continue to vest for the duration of the Separation Period.

		
	c.
	Prorated Annual Bonus. You will be entitled to a prorated annual bonus for fiscal year 2020 based on actual Company financial results and 100% of your individual component. Such bonus will be paid in the first quarter of fiscal year 2021 at the time annual bonuses are paid to continuing employees.

		
	d.
	One-Year Ayco Benefits Continuation.  For a period of one-year following your Separation Date, you will continue to be eligible for Ayco Financial Services benefits.  

		
	e.
	Executive Physical Exam Continuation.  For a period of one-year following your Separation Date, you will continue to be eligible to receive executive physical exam benefits.  Spousal benefits shall not be included in this continued benefit.

		
	f.
	E&Y Tax Assistance Continuation.  For tax years 2020 and 2021, you will continue to be eligible for personal tax assistance from Ernst & Young, in the same manner as when you were employed by LS&Co.

		
	5.
	General Release and Waiver of Claims

		
	a.
	In consideration of the separation pay and benefits (collectively referred to as “Separation Benefits”) to be provided pursuant to this Agreement, you release and forever discharge LS&Co., its subsidiaries and affiliates, and each of their parent organizations, predecessors, successors and assigns, and all of its and their past and present officers, 

directors, employees, agents, attorneys, associates, insurers and employee benefit plans (collectively, the “Company Releasees”) from any and all claims, demands, liabilities, damages or causes of action arising out of facts or occurrences before the date you sign this Agreement, whether known or unknown to you, including claims arising out of your employment with the Company or any of its wholly-owned U.S. subsidiaries and your separation from employment (collectively, the “Claims”).

		
	b.
	You understand that by releasing the Company Releasees from each and every Claim, you are giving up rights to bring all Claims against any Company Releasee based on any action, decision or event occurring before the date this Agreement is signed. This release covers all Claims against the Company Releasees, including but not limited to those arising under tort, contract and local, state or federal statute, including, but not limited to (as amended), Title VII of the Civil Rights Act of 1964; the Age Discrimination in Employment Act of 1967; the Equal Pay Act; section 1981 of the Civil Rights of 1864; the Employee Retirement Income Security Act; the Family and Medical Leave Act of 1993; the Fair Labor Standards Act; the American’s with Disabilities Act; the Worker Adjustment and Retraining Notification Act; whistleblower protection statutes; and any other federal, state, tribal or local law, statute, regulation or ordinance concerning employment, including termination of employment, including, but not limited to, laws prohibiting discrimination based on race, creed, color, religion, national origin, sex, marital status, sexual orientation, age, disability, HIV/AIDS status, genetic information, military service, or veteran status, or any other protected classification; and claims for monetary damages, attorney’s fees, litigation costs or other monetary relief.

		
	c.
	You understand that notwithstanding the above, nothing in this Agreement is intended to unlawfully release or waive any of your rights under any laws or to prevent, impede, or interfere with your ability right to: (i) provide truthful testimony if under subpoena to do so, (ii) file a charge with any state or federal agency or participate or cooperate in an agency investigation (except that you acknowledge that you cannot recover money in connection with any such charge or investigation), (iii) challenge the validity of this release, or (iv) pursue any rights or claims that may arise after the date this Agreement is signed.

Further excluded from this release are any claims you may have for:
		
	a)
	unemployment benefits under applicable law;

		
	b)
	workers’ compensation insurance benefits;

		
	c)
	continued participation in certain of the Company’s group health benefit plans pursuant to COBRA, if applicable, and/or any applicable state law counterpart to COBRA;

		
	d)
	any benefit entitlements vested as of your Separation Date, pursuant to written terms of any applicable employee benefit plan sponsored by the Company; and

		
	e)
	any claims that are not waivable as a matter of applicable law.

Section 1542 Waiver - You understand and agree that this release covers not only claims presently known to you, but also all unknown or unanticipated claims, rights, demands, actions, obligations, liabilities, and causes of action of every kind and character that would otherwise come within the scope of the released claims. You understand that you may hereafter discover facts different from what you now believe to be true, which if known, could have materially affected this Agreement, but you nevertheless waive any claims or rights based on different or additional facts. You knowingly and voluntarily waive any and all rights or benefits under the terms of Section 1542 of the Civil Code of the State of California (or any law of similar effect in any jurisdiction other than California), which provides:
"A general release does not extend to claims that the creditor or releasing party does not know or suspect to exist in his or her favor at the time of executing the release and that, if known by him or her, would have materially affected his or her settlement with the debtor or released party."

		
	6.
	Confidential Information. You hereby acknowledge that you are bound by all confidentiality agreements that you entered into with the Company and/or any and all of the Company Releasees (which agreements are incorporated into this Agreement by this reference); that as a result of your employment you have had access to the Confidential Information (as defined in such agreement(s)); that you will hold all such Confidential Information in strictest confidence; and that you may not make any use of such Confidential Information on behalf of yourself or any third party. By signing this Agreement, you further confirm that you have delivered to the Company all documents and data of any nature containing or pertaining to such Confidential Information and that you have not taken with you any such documents or data or any reproduction.

		
	7.
	Non-Solicitation. For 12 months immediately following your Separation Date, you will not directly or indirectly solicit or induce any employee of the Company or any Company Releasee to leave employment with that entity or person. The 

Company has advised you, and hereby advises you, that, subject to any durational or other limitations imposed by law in a particular jurisdiction, the Company will enforce this section to the fullest extent legally permissible.

		
	8.
	Non-Disparagement. You promise that you will not at any time make or publish any statements or comments that injure the reputation or goodwill of any Company Releasee. LS&Co. agrees that no current members of the Board of Directors, Executive Committee and/or Global Leadership Team will at any time make or publish any statements or comments that injure your reputation. 

		
	9.
	Employment with Competitor.  The amounts payable and other benefits provided to you under this Agreement will immediately cease in the event that you accept employment with a Competitor of the Company (as such Competitors are defined in Exhibit “A” to this Agreement, which is attached and incorporated by reference), or if you breach any of your material obligations under this Agreement, including without limitation your obligations regarding Confidentiality, Non-Solicitation and Non-Disparagement, as set for the above in paragraphs 6-8 of this Agreement.

		
	10.
	Re-Employment. If you are re-employed by LS&Co. before you receive all of your Separation Payments, the remaining payments will cease as of your re-employment or return date. In addition, LS&Co. will upon your rehire or return, discontinue the COBRA subsidy described as well as any Life Insurance coverage provided.

		
	11.
	Non-Admission of Liability. This Agreement is not an admission by the Company or any other Company Releasee that the Company or any other Company Releasee has acted wrongfully with respect to you or any other person. The Company and other Company Releasees specifically deny any liability for wrongful acts against you or any other person.

		
	12.
	Return of Employer Property. You affirm that you have returned to LS&Co. all documents, notes, reports, plans, keys, computers, office equipment, security cards and/or identification cards, charge cards, customer lists, computer or other files, employee directories, product information and other documents, copies of documents and  property  which were created, developed, generated or received by you during your employment or which are Company property, whether or not such items are confidential to LS&Co., unless the return of a particular item has been expressly excepted by the Company in writing.

		
	13.
	Further Cooperation. You agree to cooperate with LS&Co. in connection with any pending or future investigation or litigation in which LS&Co. or other Company Releasees believe you are an individual with relevant knowledge, subject to and without waiving your rights specified in Section 5(C) above.

		
	14.
	Confidentiality of Agreement. You agree to keep confidential this Agreement and will not reveal its contents to anyone except your attorney, your spouse/partner or your accountant, or as required by law or legal process.

		
	15.
	Consideration and Revocation Periods. You agree that you have been provided a period of greater than 21 calendar days to consider whether to accept this Agreement. This Agreement must be signed no earlier than your separation Date on February 16, 2020 and no later than February 23, 2020.

Please send your signed Agreement to: 
Seth Jaffe
Executive Vice President & General Counsel
Levi Strauss & Co.
1155 Battery Street
San Francisco, California 94111 
Alternatively, you may send your signed Agreement to Mr. Jaffe by electronic mail at his LS&Co. email address: sjaffe@levi.com. 
If you have not signed and returned this Agreement within this time period, the offer of this Agreement will expire. In addition, you have 7 calendar days after you sign this Agreement to revoke it, which you may do by delivering a written notification of revocation to Mr. Jaffe at the address or email address shown above. If you revoke within 7 days, you will receive no benefits under this Agreement.  
		
	16.
	Effect of Failure to Sign or of Revocation. You acknowledge that if (i) you do not sign this Agreement; or (ii) you do sign the Agreement but thereafter timely revoke, you will still be terminated as of your Separation Date and you will not be eligible to receive any Separation Benefits.

		
	17.
	Counterparts/Photocopies/PDFs. This Agreement may be executed in counterparts, and each counterpart, when executed, shall have the efficacy of a signed original. Photographic copies (including PDFs) of such signed counterparts may be used in lieu of the originals for any purpose.

		
	18.
	Additional Understandings and Acknowledgements. You further acknowledge and agree:

A.You are advised to consult with an attorney of your own choosing before deciding whether to execute this Agreement;
B.You have entered into this Separation Agreement knowingly and voluntarily, having given the matter full and careful consideration;
C.The Separation Benefits provided to you under this Separation Agreement are in addition to those you are entitled to receive apart from this Agreement; 
D.As of your Separation Date, you have received all pay to which you are entitled, including overtime if any, as well as all accrued PTO/vacation time.
E.You have not relied upon any prior or contemporaneous promises or representations in choosing to execute this Agreement, but have relied solely upon the promises and representations expressed.
		
	19.
	Severability. The provisions of this Agreement are severable, and if any provision is found to be unenforceable, the other provisions will remain fully valid and enforceable.

		
	20.
	Governing Law. This Agreement will be construed under federal law and, where applicable, the laws of the State of California without reference to its conflicts of choice of law rules.  

		
	21.
	Entire Agreement. This Agreement is an integrated document and supersedes any prior or contemporaneous agreement, understanding or representation concerning its subject matter. In particular, you acknowledge and agree that any prior offer of participation in the Levi Strauss & Co. Separation Plan for the Worldwide Leadership Team (effective March 1, 2017) (the “Plan”) has been withdrawn and that, in consideration of your acceptance of this Agreement, you are not eligible to receive any separation pay or benefits under the Plan.

PLEASE READ CAREFULLY. THIS AGREEMENT INCLUDES A GENERAL RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS. I AM ENTERING INTO THIS AGREEMENT VOLUNTARILY, HAVING BEEN ADVISED OF MY RIGHT TO CONSULT AN ATTORNEY BEFORE SIGNING THIS AGREEMENT. I AM NOT RELYING ON ANY REPRESENTATION OR UNDERSTANDING NOT STATED IN THIS AGREEMENT.
You may NOT sign or return this Agreement prior to your Separation date.

	
				
	AGREED:
	 
	 
	 

	Dated:  February 20, 2020.
	 
	 
	ROY BAGATTINI

	 
	 
	 
	/s/ Roy Bagattini

	 
	 
	 
	 

	AGREED:
	 
	 
	 

	Dated:  February 4, 2020.
	 
	 
	LEVI STRAUSS & CO.

	 
	 
	By:
	/s/ Chip Bergh

	 
	 
	 
	Chip Bergh
President and CEO

EXHIBIT A

(List of Competitors as of Effective Date of Agreement)

		
	•
	VF Corporation

		
	•
	Gap, Inc.

		
	•
	Ralph Lauren Corporation

		
	•
	PVH Corp.

		
	•
	American Eagle Outfitters

		
	•
	Kontoor Brands, Inc.

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