Document:

SunOpta Inc.: Exhibit 10.14 - Filed by newsfilecorp.com

    

    
        Exhibit 10.14

    

    SEPARATION AGREEMENT AND FULL AND FINAL RELEASE

    This agreement (Agreement) is entered into between James Gratzek (Employee) and SunOpta, Inc.  (Company).

    1. Termination of Employment Relationship.  Employee and the Company will end their employment relationship on September 30, 2019 (the "Termination Date").  The Company may relieve Employee of all duties and place the Employee on administrative leave prior to the Termination Date by providing written notice. Employee no longer will be authorized to transact business or incur any expenses, obligations and liabilities on behalf of the Company after the earlier of being placed on administrative leave or the Termination Date.  Employee acknowledges (i) receipt of all compensation and benefits due through the Termination Date as a result of services performed for the Company with the receipt of a final paycheck except as provided in this Agreement; (ii) Employee has reported to the Company any and all work-related injuries incurred during employment; and (iii) the Company properly provided any leave of absence because of Employee's or a family member's health condition and Employee has not been subjected to any improper treatment, conduct or actions due to a request for or taking such leave. 

    2. Consideration.  In consideration of Employee's promises in this Agreement, and upon expiration of the revocation period so long as Employee has not revoked, the Company will provide Employee:

    A. Severance pay in the total gross amount of $300,000.00, to be paid as soon as administratively feasible; and

    B. If Employee elects COBRA, Company will pay Employer portion and COBRA fees for medical and dental coverage for twelve (12) months. Employee is responsible for the Employee portion of such coverage.

      C. Outplacement Benefits. Employer will provide Employee with outplacement benefits for six (6) months through Challenger, Gray & Christmas.

      D. In addition, any shares granted as part merit for 2019 performance will vest.

    The Company will apply standard tax and other applicable withholdings to payments made to Employee.  Employee agrees that the consideration the Company will provide includes amounts in addition to anything of value to which Employee already is entitled.  The Company also will pay Employee accrued but unused vacation regardless of whether Employee signs this Agreement.  Although the Company is under no obligation to provide reinstatement, employment, re-employment, consulting or other similar status, if the Company recalls Employee within three months of termination, Employee may be obligated to repay certain severance benefits as more fully explained in the Company Severance Plan. 

    3. Full and Final Release.  In consideration of the benefits provided by the Company, Employee, for Employee personally and Employee's heirs, executors, administrators, successors and assigns, fully, finally and forever releases and discharges the Company and its affiliates, as well as their respective successors, assigns, officers, owners, directors, agents, representatives, attorneys, and employees (all of whom are referred to throughout this Agreement as the "Released Parties"), of and from all claims, demands, actions, causes of action, suits, damages, losses, and expenses, of any and every nature whatsoever, as a result of actions or omissions occurring through the date Employee signs this Agreement.  Specifically included in this waiver and release are, among other things, any and all claims of alleged employment discrimination and retaliation prohibited by Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act, the Age Discrimination in Employment Act, including the amendments provided by the Older Workers Benefits Protection Act, or any other federal, state or local statute, rule, ordinance, or regulation, as well as any claims under common law for tort, contract, or wrongful discharge.

    
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    4. Exceptions to the Release and No Interference With Rights.  The above release does not waive claims (i) for unemployment or workers' compensation benefits, (ii) for vested rights under ERISA-covered employee benefit plans as applicable on the date Employee signs this Agreement, (iii) that may arise after Employee signs this Agreement, and (iv) which cannot be released by private agreement. Employee understands that nothing in this Agreement (a) limits or affects Employee's right to challenge the validity of this Release under the ADEA or the OWBPA or (b) prevents Employee from filing a charge or complaint with or from participating in an investigation or proceeding conducted by the EEOC, the National Labor Relations Board, the Securities and Exchange Commission, or any other federal, state or local agency charged with the enforcement of any laws, including providing documents or other information,  or (c) prevents Employee from exercising Employee's rights under Section 7 of the NLRA to engage in protected, concerted activity with other employees, although by signing this Agreement, Employee is waiving his right to recover any individual relief (including any backpay, frontpay, reinstatement or other legal or equitable relief) in any charge, complaint, or lawsuit or other proceeding brought by Employee or on his behalf by any third party, except for any right Employee may have to receive a payment from a government agency (and not the Company) for information provided to the government agency.

    5. Restrictive Covenants.  Employee understands and acknowledges that by virtue of his employment with the Company, he had access to and knowledge of Confidential Information (defined hereafter), was in a position of trust and confidence with the Company and benefitted from the Company's goodwill. Employee further understands and acknowledges that the restrictive covenants below are necessary to protect the Company's legitimate business interests in its Confidential Information and goodwill.  Employee further understands and acknowledges that the Company's ability to reserve these for the exclusive knowledge and use of the Company is of great competitive importance and commercial value to the Company and that the Company would be irreparably harmed if the Employee violates the restrictive covenants below.

    (a) Confidentiality.  Employee understands and acknowledges that during the course of his employment, he has had access to and learned about confidential, secret and proprietary documents, materials and other information, in tangible and intangible form, of and relating to the Company, its businesses and existing and prospective customers, suppliers, investors and other associated third parties ("Confidential Information").  For purposes of this Agreement, Confidential Information includes, but is not limited to, all information not generally known to the public, whether oral or written, relating directly or indirectly to financial statements, projections, evaluations, plans, programs, customers, suppliers, facilities, equipment and other assets, products, processes, manufacturing, marketing, research and development, trade secrets, know-how, patent applications that have not been published, technology and other confidential information and intellectual property of the Company.  Employee understands that the above list is not exhaustive, and that Confidential Information also includes other information that is marked or otherwise identified as confidential or proprietary, or that would otherwise appear to a reasonable person to be confidential or proprietary in the context and circumstances in which the information is known or used.  Employee agrees, as a condition of this Agreement, that Employee will not use or disclose any Confidential Information which Employee learned or that came into Employee possession during the course of employment with the Company.  Among other things, and without limitation, Employee will not use or disclose, without the consent of the Company, any trade secrets, confidential or proprietary information of or concerning the Company, its owners, affiliates, customers or suppliers.

    
        2

    

    

    (b) Non-Competition. Because of the Company's legitimate business interest as described in this Agreement and the good and valuable consideration offered to the Employee, for a (12) month period from the Termination Date, Employee agrees and covenants not to engage in any Competitive Activity within the United States.  For purposes of this this non-compete clause, "Competitive Activity" means to, directly or indirectly engage in, provide services to, or otherwise participate in, whether as an employee, employer, owner, operator, manager, adviser, consultant, partner, director, stockholder, officer, or any other similar capacity, in a business that is competitive with the products or services of the Company, including, but not limited to, any business selling frozen fruit, fruit toppings, non-dairy beverages, broth, citrus juice or fruit snacks.  Without limiting the foregoing, Competitive Activity also includes activity that may require or inevitably require disclosure of trade secrets, proprietary information or Confidential Information. Nothing in this Agreement prohibits Employee from purchasing or owning less than five percent (5%) of the publicly traded securities of any corporation, provided that Employee's ownership represents a passive investment and that Employee is not a controlling person of, or a member of a group that controls, the corporation.

    (c) Non-Solicitation of Employees. Employee understands and acknowledges that the Company has expended and continues to expend significant time and expense in recruiting and training its employees.  Employee agrees, as a condition of this Agreement, not to directly or indirectly solicit, hire, recruit, attempt to hire or recruit, or induce the termination of employment of any employee of the Company for a period of twelve (12) months from the Termination Date.

    (d) Non-Solicitation of Customers.  Employee understands and acknowledges that the Company has expended and continues to expend significant time and expense in developing customer relationships, customer information and goodwill, and that because of the Employee's experience with and relationship to the Company, he has had access to and learned about much or all of the Company's customer information. Customer information includes, but is not limited to, names, phone numbers, addresses, e-mail addresses, order history, order preferences, chain of command, product information, pricing information and other information identifying facts and circumstances specific to the customer.  Employee agrees, as a condition of this Agreement, not to directly or indirectly solicit, contact, attempt to contact or meet with the Company's current, former or prospective customers for purposes of offering or accepting goods or services competitive with those offered by the Company, as of the date of this Agreement, for a period of twelve (12) months from the Termination Date.

    
        3

    

    

    (e) Reasonableness of Restrictions.  If any covenant or provision of this Agreement is determined to be void or unenforceable in whole or in part, it shall not be deemed to affect or impair the validity of any other covenant or provision and Paragraphs 5(a), 5(b), 5(c) or 5(d), are each declared to be separate and distinct covenants. If any court of law finds that any provision of this Paragraph 5 is invalid or unenforceable, then such provision shall be enforced to the extent deemed reasonable and enforceable by the court. Employee hereby agrees all restrictions contained in this section are reasonable and valid and all defenses to the strict enforcement thereof by the Company are hereby waived. Employee further acknowledges that a violation of any of the provisions of this section will result in immediate and irreparable damage to the Company and agrees that in the event of such violation, the Company, in addition to any other right of relief, shall be entitled to seek equitable relief by way of a temporary or permanent injunction and to such other relief that any court of competent jurisdiction may deem just and proper. If Employee is in breach of any such restrictions, the running of the period of such restrictions shall be stayed and shall recommence upon the date Employee ceases to be in breach thereof, whether voluntarily or by injunction.

    (f) Survivability.  The terms of this Paragraph 5 shall survive the expiration or termination of this Agreement for any reason.

    6. Agreement Confidentiality.  The nature and terms of this Agreement are strictly confidential and they have not been and shall not be disclosed by Employee at any time to any person other than Employee's lawyer or accountant, a governmental agency, or Employee's immediate family without the prior written consent of an officer of the Company, except as necessary in any legal proceedings directly related to the provisions and terms of this Agreement, to prepare and file income tax forms, or as required by court order after reasonable notice to the Company. 

    7. Cooperation.  Employee agrees to cooperate with the Released Parties regarding any pending or subsequently filed litigation, claims or other disputes involving the Released Parties that relate to matters within the knowledge or responsibility of Employee.  Without limiting the foregoing, Employee agrees (i) to meet with a Released Party's representatives, its counsel or other designees at mutually convenient times and places with respect to any items within the scope of this provision; (ii) to provide truthful testimony regarding same to any court, agency, or other adjudicatory body; and (iii) to provide the Company with notice of contact by any adverse party or such adverse party's representative, except as may be required by law.  The Company will reimburse Employee for reasonable expenses in connection with the cooperation described in this paragraph.

    8. Non-Admission.  This Agreement shall not be construed as an admission by the Company of any liability or acts of wrongdoing or unlawful discrimination, nor shall it be considered to be evidence of such liability, wrongdoing, or unlawful discrimination.

    9. Non-Disparagement.  Except as otherwise provided in Paragraph 4 above, Employee agrees not to make statements to clients, customers and suppliers of the Company (or any of its affiliates) or to other members of the public that are in any way disparaging or negative towards the Company, any of its affiliates, or the products, services, representatives or employees of any of the foregoing.  Nothing in this paragraph prohibits Employee from complying with a court order or lawful subpoena. The Company agrees that it will instruct Joe Ennen, CEO, Dror Karidi, Interim GM, Chris Whitehair, SVP of Operations and Mike Buick, GM not to make statements to any person or entity external or internal to the Company that are in any way disparaging or negative toward Employee.

    
        4

    

    

    10. Advice of Counsel, Consideration and Revocation Periods, Other Information.  The Company advises Employee to consult with an attorney prior to signing this Agreement.  Employee has 45 days to consider whether to sign this Agreement (the "Consideration Period").  Employee must return this signed Agreement to the Company's representative set forth below within the Consideration Period but not prior to the Termination Date.  If Employee signs and returns this Agreement before the end of the Consideration Period, it is because Employee freely chose to do so after carefully considering its terms.  Additionally, Employee shall have fifteen days from the date of the signing of this Agreement to revoke this Agreement by delivering a written notice of revocation within the fifteen-day revocation period to Jeff Gough, SunOpta, 7301 Ohms Lane Suite 600, Edina MN 55439.  If the revocation period expires on a weekend or holiday, Employee will have until the end of the next business day to revoke. This Agreement will become effective on the sixteenth day after Employee signs this Agreement provided Employee does not revoke this Agreement.  Any modification or alteration of any terms of this Agreement by Employee voids this Agreement in its entirety. The Company has attached as Exhibit A information regarding the group of individuals covered by the employment termination program; the applicable eligibility factors, and the applicable time limits; a list of the job titles and ages of all individuals eligible or selected for the employment termination program as well as those who are not; and the applicable severance plan. Employee agrees with the Company that changes, whether material or immaterial, do not restart the running of the Consideration Period.  Employee knowingly and voluntarily agrees to all of the terms set forth in this Agreement.

    11. Applicable Law and General Provisions.  This Agreement shall be interpreted under Minnesota law.  This Agreement sets forth the entire agreement between the parties.  Employee is not relying on any other agreements or oral representations not fully addressed in this Agreement.  Any prior agreements between or directly involving Employee and the Company are superseded by this Agreement, except any prior agreements related to inventions, business ideas, confidentiality of corporate information, and non-competition remain intact.  To the extent of any conflict between the terms of this Agreement and the Company's severance plan, the provisions of this Agreement shall prevail.  The provisions of this Agreement are severable, and if any part of this Agreement except Paragraph 3 is found by a court of law to be unenforceable, the remainder of this Agreement will continue to be valid and effective.  The headings in this Agreement are provided for reference only and shall not affect the substance of this Agreement. 

    In exchange for the promises contained in this Agreement, the Company promises to provide the benefits set forth in this Agreement.

    	
                 

                Date: September 30, 2019

                 

            	
                 

                Jeff Gough

                SunOpta

                7301 Ohms Lane, Suite 600

                Edina, MN 55439

                 

            	
                 

                /s/ Jeff Gough

                Signature

            

    

    
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    Employee has read and understood this Agreement, signs this Agreement waiving valuable rights, and acknowledges that this Agreement is final and binding. 

    	
                 

                Date: October 9, 2019

                Not valid if signed before Termination Date

                 

            	
                 

                James Gratzek

                Name Printed

            	
                 

                /s/ James Gratzek

                Signature

            

    

    
        
             

        

    

    
        6SunOpta Inc. - Exhibit 10.15 - Filed by newsfilecorp.com

Exhibit 10.15
 

August 30, 2019

WITHOUT PREJUDICE
PRIVATE &
CONFIDENTIAL

Robert McKeracher
[Address Omitted]

Dear Rob:

Further to our discussions, this letter will confirm our
agreement that your employment with SunOpta Inc. (“SunOpta” or the
“Company”) will cease on December 31, 2019 (the “Departure Date”).
This agreement, including the attached schedules, (“Agreement”) will
serve to memorialize the entirety of the terms of our agreement. 

Transition Period

Between September 3, 2019 and the Departure Date (the
“Transition Period”), your continued support and cooperation is important
to ensure an orderly and efficient transition of the Chief Financial Officer
position (CFO). Effective September 3, 2019, your title and role will change to
“Advisor”, reporting to myself and you will perform the agreed upon duties of
this position in the same professional manner that you always have through the
Transition Period and not leave our employment, for any reason, prior to the
conclusion of the Transition Period. Such duties of this role will include, but
are not limited to: (a) participating in on-site communication activities with
Company employees and the new CFO in order to facilitate a seamless transition;
(b) introducing the new CFO to key lenders, debtholders, investors and analysts
through in-person meetings as requested by the Company; (c) assisting in the
completion and review of the third quarter financials; and (d) assisting with
any other duties as requested by the Company.

In return, the Company will maintain your salary and benefits,
less applicable deductions and withholdings, until the Departure Date subject,
of course, to your continuing to be actively employed through the entirety of
the Transition Period. Should you leave the Company’s employment prior to the
end of the Transition Period, then paragraph 5 of this Agreement will apply.

Upon the earlier of your actual last day of active employment
with the Company or the Departure Date, any employment you have with any parent,
subsidiary, affiliate, predecessor or successor of SunOpta will be terminated.
Other than as expressly set out herein, this Agreement will also terminate any
obligations owed to you by the Company pursuant to any agreement, specifically
including the Employment Agreement between you and SunOpta effective as of
October 10, 2011 and the Letter Agreement dated March 28, 2018 (the
"Employment Agreement").

Departure Date

1.            
Accrued Base Salary, Vacation, 2019 Bonus and Retention
Bonus.

	 	(a) 	
      Accrued Base Salary and Vacation. You will receive
      all base salary earned by you through the Departure Date and payment for
      any accrued and unused vacation owed to you, which shall be calculated
      after the Departure Date and paid out on the following payroll
  date.

	 	 	 
	 	(b) 	
      2019 Bonus. Regarding your 2019 Bonus, any
      resulting payout will be based on the Company’s year-end financial results
      as stated in the 2019 Short Term Incentive Plan. Such bonus payment, if
      any, will be paid out to you (i.e. the vesting of the applicable PSUs) in
      accordance with the normally scheduled payout date for all eligible
      Company employees under the plan and does not require you to be employed
      by the Company on the payout date.

	 	 	 
	 	(c) 	
      Retention Bonus. The 19,207 Restricted Stock Units
      issued to you on April 5, 2018 (“2018 RSUs”) will immediately vest after
      your Departure Date, as further described in this paragraph. Within 2
      business days of the Departure Date, a true-up will be completed such that
      the Company will calculate any difference in the market value of the 2018
      RSUs as of the grant date and the market value of the 2018 RSUs as of the
      Departure Date; if the market value of the 2018 RSUs as of the grant date
      is greater than the market value as of the Departure Date, then the
      difference will be satisfied, at the Company’s option, through either the
      issuance to you of additional RSUs or a cash payment (less applicable
      deductions and withholdings) within two weeks of the Departure Date.
      Additionally, the 50% cash portion of your retention bonus in the amount
      of $140,100 (CAD) (less applicable deductions and withholdings) will be
      paid to you on the first regular payroll date following the Departure
      Date.

To the extent not otherwise
specifically continued pursuant to this Agreement, all payments, benefits,
perquisites or other entitlements of any type will end on the Departure Date.

2.             Severance
and Other Payments

In accordance with the requirements of the Employment Agreement
and commencing after the Departure Date, SunOpta will provide you with the
payments and entitlements described in Schedule "A", all subject to the terms
and conditions set out in this Agreement, including delivery by you of a Release
in the form attached as Schedule "B" hereto, and confirmation of your acceptance
of these terms and conditions evidenced by you signing the Acceptance at the end
of this Agreement. 

3.             No
Other Payments 

The payments, benefits and other entitlements set out in this
Agreement shall constitute your complete entitlement and SunOpta's complete
obligations to you whatsoever, including with respect to the cessation of your
employment, whether at common law, statute or contract. For greater certainty,
you confirm that, other than the payments and entitlements set out in paragraphs
1 and 2 above and Schedule "A" hereto, you have no further payment, benefits,
perquisites, allowances or entitlements earned or owing to you from SunOpta
pursuant to any employment or any other agreement whatsoever (specifically
including the Employment Agreement), all of which shall cease on the Departure
Date without further obligation to you from SunOpta, excluding any compensation
arrangement for advisory services that may be agreed upon between you and the Company
after the date of this Agreement. All amounts paid or benefits provided to you
pursuant to this Agreement shall be deemed to include all amounts owing pursuant
to the Employment Standards Act, 2000 ("ESA") and you specifically
agree that such payments and benefits (including payment on a payroll basis)
represent a greater right or benefit than that required under the ESA. 

4.             Your
Continuing Obligations 

	 	(a) 	
      Employment Agreement: Notwithstanding the
      cessation of your employment and in consideration of the payments and
      benefits set out in this Agreement, you represent and warrant that you
      have abided by and you confirm that you will continue to abide by all of
      the obligations set out in the Employment Agreement.

	 	 	 
	 	(b) 	
      Return of Property: Upon your Departure Date, you
      are required to return immediately to SunOpta all of the property of
      SunOpta in your possession or in the possession of your family or agents
      including, without limitation, wireless devices and accessories, computer
      and office equipment, keys, passes, credit cards, customer lists, sales
      materials, manuals, computer information, software and codes, files and
      all documentation (and all copies thereof) dealing with the finances,
      operations and activities of SunOpta, its clients, employees, partners,
      investors or suppliers.

	 	 	 
	 	(c) 	
      Non-Disclosure: You will maintain the severance
      arrangements set out in this Agreement in the strictest confidence and you
      will not disclose them except to your immediate family, or to your legal
      or professional advisors (but provided any such person agrees not to
      disclose such information to any other persons) or to the extent that such
      disclosure may be required by law.

	 	 	 
	 	(d) 	
      Confidentiality: You agree you will not use or
      disclose, without the prior written consent of SunOpta, any trade secrets,
      confidential or proprietary information of or concerning SunOpta, its
      affiliates, subsidiaries, directors, officers, employees, customers or
      suppliers.

	 	 	 
	 	(e) 	
      Non-Solicitation: You understand and acknowledge
      that the Company has expended and continues to expend significant time and
      expense in recruiting and training its employees. You agree not to
      directly or indirectly solicit, hire, recruit, attempt to hire or recruit,
      or induce the termination of employment of any SunOpta Finance Employee
      (as hereafter defined) for a period of twelve (12) months from your
      Departure Date. The foregoing solicitation and recruitment prohibitions
      shall not apply to generalized solicitations or other non-targeted
      recruiting efforts. As used herein, “SunOpta Finance Employee” means any
      person employed by SunOpta that has principal responsibilities in the
      finance, financial reporting, accounting, treasury and/or tax functions at
      the Mississauga office.

	 	 	 
	 	(f) 	
      Release: You will execute and return the Release
      attached as Schedule "B" hereto, the terms of which are incorporated
      herein and the delivery of which is a condition of any payment to you by
      SunOpta.

	 	 	 
	 	(g) 	
      Co-operation: During the 18-month period following
      the Departure Date, at SunOpta's request, you agree to cooperate
      reasonably with SunOpta and its legal advisors in connection with any
      existing or potential claims, investigations,
  administrative proceedings, lawsuits and other legal and business
      matters which arose during your employment or involving SunOpta with
      respect to which you have knowledge of the underlying facts. The Company
      will reimburse you for reasonable out of pocket expenses in connection
  with the cooperation described in this paragraph.

	 	(h) 	
      Non-Disparagement: You agree not to take any
      action or make any statement that criticizes, ridicules, disparages or is
      derogatory to SunOpta, its affiliates or their employees, services,
      directors, officers, shareholders, or its financial status, or that
      damages SunOpta in any of its business relationships, or encourages the
      making of such statements or the taking of such actions by someone else.
      SunOpta agrees not to take any action or make any statement that
      criticizes, ridicules, disparages or is derogatory to you or that damages
      you with respect to your business relationships (including your
      relationship with prospective employers), or encourages the making of such
      statements or the taking of such actions by someone
else.

5.             Early
Departure

Notwithstanding the above and any other provision of this
Agreement, in the event you end your employment with the Company, for any
reason, prior to the Departure Date, and such early departure is not mutually
agreed upon between you and the Company, then subject to the requirements in
paragraph 2, the Severance Payment (as defined in Schedule A) will be payable to
you after your actual last day of active employment with the Company. You will,
of course, by your early departure be foregoing any salary or other payments or
entitlements between your actual last day of active employment and the Departure
Date. 

6.             Death

If you die at any time prior to the Departure Date, the Company
shall, upon receipt of written notification of such event, pay the Severance
Payment in a lump sum to your estate, to the extent permitted by law and upon
receipt of such documents and other information as might reasonably be requested
by the Company to permit it to consider the matter and effect such payment. Your
estate will also be entitled to any Accrued Base Salary or vacation earned as of
your last date of active employment as well as the 2019 Bonus, if applicable,
and the Retention Bonus. 

7.           
 General

	 	(a) 	
      Entire Agreement: This Agreement constitutes the
      entire agreement between you and SunOpta with reference to any of the
      matters herein provided or with reference to your engagement, any
      employment or office with SunOpta or the cessation thereof. All promises,
      representations, collateral agreements, offers and understandings not
      expressly incorporated in this Agreement are hereby superseded and have no
      further effect. For certainty, this Agreement replaces and supersedes any
      obligation owed to you by SunOpta pursuant to the Employment
    Agreement.

	 	 	 
	 	(b) 	
      Full Understanding: By signing this Agreement, you
      confirm that: (i) you have had an adequate opportunity to read and
      consider the terms set out herein, including the Release, and that you
      fully understand them and their consequences; (ii) you have been advised
      to consult with legal counsel of your choosing and that you have obtained
      such legal or other advice as you have considered advisable; and (iii) you
      are signing voluntarily, without coercion, and without reliance on
      any representation, express or implied, by SunOpta, or by any director,
      officer, shareholder, employee or other representative of SunOpta; and
      (iv) this Agreement and any payment referred to herein is not an admission
  of liability on SunOpta's part.

	 	(c) 	
      Taxes: All payments referred to in this Agreement
      will be less applicable withholdings and deductions (if any) and you shall
      be responsible for all tax liability resulting from your receipt of the
      payment and benefits referred to in this Agreement, except to the extent
      that SunOpta has withheld funds for remittance to statutory
      authorities.

	 	 	 
	 	(d) 	
      Severability: You hereby agree that each provision
      and the subparts of each provision of this Agreement shall be treated as
      separate and independent clauses, and the unenforceability of any one
      clause shall in no way impair the enforceability of any of the other
      provisions of this Agreement (which shall continue to be
    enforceable).

	 	 	 
	 	(e) 	
      Governing Law: This Agreement and any claims
      arising out of this Agreement shall be governed by and construed in
      accordance with the laws of the Province of Ontario and the laws of Canada
      applicable therein, shall in all respects be interpreted, enforced and
      governed under the internal and domestic laws of such province, without
      giving effect to the principles of conflicts of laws of such
    province.

***

Your acceptance of the terms and conditions of this Agreement
may be signified by signing and returning a duplicate of this Agreement, where
indicated, together with the Release attached as Schedule "B" hereto.

Thank you again for your valued contributions to SunOpta. We
wish you well in your future endeavors. 

Sincerely,

SUNOPTA INC. 

 

/s/ Joe Ennen 
Joseph Ennen
Chief
Executive Officer

 

ACCEPTANCE:

I hereby acknowledge receipt of this Agreement, and hereby
accept and agree to be bound by the terms and conditions set out in this
Agreement together with the enclosed Release.

 

	/s/ Robert
      McKeracher 	 	November 5, 2019 
	Robert McKeracher 	 	Date 

Schedule "A" 

Severance and Other Entitlements

Note: All amounts are in Canadian Dollars and are subject to
applicable withholdings and deductions. 

	  	Employment Agreement
      Entitlement 
	Severance Payment: 	You are entitled to receive a severance payment of
      $792,056.27 in accordance with the terms of your Employment Agreement (the
      "Severance Payment"). The Severance Payment will be payable to you
      in a lump sum on the next payroll following the Departure Date. 
	  	The Severance Payment is determined by application
      of the following formula: 1.5 times the sum of: (i) your current base
      salary ($467,000); (ii) your average STI for the prorated year to date and
      the prior year (38,527.50); (iii) and the annual cost incurred by SunOpta
      for your auto allowance, life insurance and accidental death and
      dismemberment coverage ($22,510.01). 
	Equity: 	Any unvested long-term incentive awards granted to
      you shall continue to vest through May 24, 2020, subject to and in
      accordance with the terms of the applicable award agreements. Any equity
      awards that do not meet the performance requirements will be forfeited and
      cancelled and you will not be entitled to any payment in lieu of such
      forfeited and cancelled awards. Your vested options can be exercised until
      the earlier of (i) the expiry date of the option or (ii) June 24, 2020. A
      summary of your equity awards is provided below. 
	  	RSUs: Your outstanding RSUs are as follows: 
	  	      
      •        3,500 RSUs scheduled to vest
      on March 5, 2020 
	  	      
      •        5,545 RSUs scheduled to vest
      on May 24, 2020 
	  	PSUs: Your outstanding PSUs are as follows: 
	  	      
      •        83,172 PSUs scheduled to vest
      on May 24, 2020 
	  	Options: Your outstanding options are as follows:
    
	  	      
      •        70,000 vested options
      exercisable at $5.73 per share 
	  	      
      •        60,000 vested options
      exercisable at $7.36 per share 
	  	      
      •        18,861 vested options
      exercisable at $11.30 per share 
	  	      
      •        45,658 vested options
      exercisable at $3.27 per share 
	  	      
      •        17,696 vested options
      exercisable at $10.08 per share 
	  	      
      •        4,424 unvested options
      scheduled to vest on May 24, 2020 exercisable at $10.08 per share 
	  	      
      •        37,131 unvested options
      scheduled to vest on May 24, 2020 exercisable at $9.50 per share 
	Benefits: 	Your employment benefits will be continued for a
      period of eight weeks in accordance with the requirements of the ESA. You
      will be entitled to continuation of your medical, prescription and dental
      care benefits for an 18-month period commencing from the Departure Date
      and ending on June 30, 2021. Your life insurance benefits will terminate
      eight weeks following the Departure Date due to limitations imposed by the
      insurance provider. You may convert your group life insurance benefits to
      individual coverage without evidence of insurability within 31 days of the
      cessation of your group life insurance benefits. 
	Expense Reimbursement: 	You will be reimbursed for any incurred but
      unreimbursed business and travel expenses. 

SCHEDULE "B"
Release

	FROM: 	
      Robert McKeracher 

	  	     
	TO: 	
      SunOpta Inc., its affiliates, subsidiaries, parents
      and related organizations and their respective partners, directors,
      officers, shareholders, employees and agents (collectively
      "SunOpta") 

	1. 	
      In consideration of the terms of the letter from SunOpta
      Inc. to me, Robert McKeracher, dated August 30, 2019 (the "Agreement"),
      which terms are deemed to be and are accepted by me in full and final
      satisfaction of the Employment Agreement between SunOpta and me, Robert
      McKeracher, dated October 10, 2011 (including the Letter Agreement dated
      March 28, 2018) (the receipt and sufficiency of which consideration are
      hereby acknowledged) and except for SunOpta's obligations referred to in
      the Agreement or a claim by me for indemnification of a third party claim
      for actions taken as a former officer of the Company in accordance with
      the Indemnity Agreement between myself and SunOpta Inc. dated July 17,
      2008, I hereby remise, release and forever discharge SunOpta of and from
      all manner of actions, causes of action, suits, debts, dues, accounts,
      bonds, contracts, liens, claims and demands whatsoever which I now have,
      ever had or hereafter can, shall or may have for or by reason of any
      cause, matter or thing whatsoever existing to the present time, and
      particularly and without limiting the generality of the foregoing, of and
      from all claims and demands of every nature and kind in any way related to
      or arising from my employment or other engagement with SunOpta, or from
      any employment agreement between me and SunOpta (express or implied and
      specifically including the Employment Agreement), or the termination of
      such employment, engagement or employment agreement, and specifically
      including all damages, salary, remuneration, commission, vacation pay,
      overtime pay, termination pay, severance pay, notice of termination,
      profit-sharing, employee stock options or other equity arrangements,
      bonus, proceeds of any insurance or disability plans, or any other fringe
      benefit or perquisite of any kind whatsoever, excluding any compensation
      arrangement for advisory services that may be agreed upon between myself
      and the Company after the date of this Release. The payments contemplated
      by the Agreement are deemed to satisfy all requirements or money owing
      under all applicable laws including without limitation, Part XV of the
      Employment Standards Act, 2000 (Ontario).

	 	 
	2. 	
      I acknowledge that the payments referred to in paragraph
      1 above will be made for the purposes of fully and finally resolving all
      possible claims that I might have against SunOpta in respect of my
      employment with SunOpta and, therefore, in this respect, I covenant and
      agree not to file any complaint under the Employment Standards Act,
      2000 (Ontario), under the Human Rights Code (Ontario), under
      the Workplace Safety and Insurance Act (Ontario) re-employment
      provisions, under the Occupational Health & Safety Act
      (Ontario), under the Pay Equity Act (Ontario), under the Labour Relations Act (Ontario), or pursuant to any other applicable law or legislation
      governing or related to my employment with SunOpta. For greater certainty,
      I agree that I am aware of my rights under the Human Right Code (Ontario) and I represent, warrant, and hereby confirm that I am not
      asserting such rights, alleging that any such rights have been breached,
      or advancing a human rights claim or complaint. In the event that I
      hereafter make any claim or demand or commence or threaten to commence any
      action, claim or proceeding or to make any complaint against SunOpta in
      this respect, this Release may be raised as an estoppel and complete bar
      to any such action, claim or proceeding. I confirm that I have
  no right to re-instatement, recall or re-employment with
      SunOpta and I waive and release all rights I had or may have had in this
  regard.

	3. 	
      I further agree not to make or cause to be initiated any
      claims (expressly including any cross- claim, counterclaim, third party
      action or application) against any other person or corporation who might
      claim contribution or indemnity against the persons or corporations
      discharged by this Release, but solely with respect to matters covered by
      this Release.

	 	 
	4. 	
      I agree that the terms and contents of this Release and
      the payments contemplated in paragraph 1 above shall all remain
      confidential and shall not be disclosed except to the extent required by
      law or as otherwise agreed to in writing by SunOpta. I confirm that it
      shall not be a violation of this paragraph to make disclosure to my
      immediate family or to my legal or professional advisors.

	 	 
	5. 	
      This Release shall be binding upon me and my heirs,
      executors and administrators and shall ensure to your benefit and to the
      benefit of your respective heirs, executors, administrators, successors
      and assigns.

	 	 
	6. 	
      I acknowledge having had an opportunity to review this
      Release and to obtain independent legal advice and that the only
      consideration for this Release is as referred to above. I confirm that no
      other promises or representations of any kind have been made to me to
      cause me to sign this Release.

	 	 
	7. 	
      I acknowledge that this Release or the payment of any
      monies to me by SunOpta, shall not constitute an admission of liability on
      the part of SunOpta, which liability is denied.

	 	 
	8. 	
      I alone shall be responsible for all tax liability
      resulting from my receipt of the payments referred to in paragraph 1 as
      contemplated by the Employment Agreement except to the extent that SunOpta
      has withheld funds for remittance to statutory authorities. I agree to
      indemnify and save SunOpta harmless from any and all amounts payable or
      incurred by SunOpta (or any of you) if it is subsequently determined that
      any greater amount should have been withheld in respect of income tax,
      employment insurance, Canada Pension Plan, or any other statutory
      withholding.

SIGNED this 5th day of November, 2019. 

	/s/
      G. K. McBride 		 
  /s/ Robert McKeracher 

	
      Witness 

       
	 Robert
  McKeracher

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