Document:

EX-10.9

 Exhibit 10.9 

Execution Copy November 4, 2019 

LESLIE’S POOLMART, INC. EXECUTIVE SEVERANCE PAY PLAN 

Leslie’s Poolmart Inc. (hereinafter the “Company”) hereby adopts the Leslie’s Poolmart, Inc. Executive Severance Pay Plan
(the “Plan”), effective upon the date of its execution. 
 Section 1: Purpose; Definitions 

1.1 Purpose. The purpose of the Plan is to provide severance pay to eligible executives of the Company in the circumstances and
on the conditions specified. The Plan is an “employee welfare benefit plan” within the meaning of Section 3(1) of the Employee Retirement Income Security Act of 1974, as amended, (hereinafter “ERISA”), Neither the receipt
nor the amount of any severance payment is contingent, directly or indirectly, on an employee’s retirement. Severance payments are contingent, prospective payments that may be provided under the circumstances and conditions described. 

1.2 Definitions.  

a. Cause. With respect to any Participant, Cause means (i) the willful and continued failure by Participant to substantially
perform their duties with the Company; (ii) conviction of any felony; (iii) conviction of any crime involving moral turpitude or dishonesty that causes, or is likely to cause, harm to the Company; (iv) participation in a fraud or
willful act of dishonesty against the Company that causes, or is likely to cause, harm to the Company; (v) intentional and material damage to the Company’s property; (vi) the Participant’s intentional failure to follow, or
intentional conduct that violates the Company’s written policies that are generally applicable to all officers of the Company or (vii) the Participant’s intentional violation of any term of agreement between the Participant and the
Company, including non-disclosure and non-competition agreements, or any statutory duty the Participant owes to the Company. 

b. Code. The Internal Revenue Code of 1986 as amended from time to time, or any successor thereto. 

c. Compensation Committee. The Compensation Committee means the Compensation Committee of the Company’s board of directors. 

d. Covered Employer. For purposes of the Plan, the term “Covered Employer” is defined to mean the Company or one of the
Company’s subsidiaries. 
 e. Eligible Employee. An individual designated by the Company, who (i) is not eligible for
severance benefits under any other plan, program, policy, procedure or agreement of or with the Company, (ii) incurs a Separation From Service without Cause, by action of the Company, other than as a result of death, total disability as
contemplated by a long term disability plan of the Company, or any voluntary resignation or termination, and (iv) executes a Final Release, at the time of Separation From Service. 

f. Final Release. A general release effective between or among the Company and the Participant, which is satisfactory in form and
substance to the Company, as applicable, and for which the period has expired for the exercise of any revocation rights of the Participant with respect thereto. 

g. Participant. Each Eligible Employee. 

h. Plan Administrator. The Compensation Committee is the Plan Administrator. The Compensation Committee may delegate its authority
under the Plan to such person(s) as it deems necessary or appropriate from time to time, and any such delegation shall carry with it the Plan Administrator’s discretionary authority. 

i. Plan Year. The Plan Year is the 12-month period beginning each January 1 and ending the next
following December 31. 
 j. Separation From Service. A termination of substantial services for the Company and any affiliate thereof
within the contemplation of Code Sections 414(b) and 414(c). An individual will not be treated as having incurred a Separation From Service where the individual’s level of future services for the Company and any affiliate is reasonably
anticipated by the Employer to exceed 30% of the average level of bona fide services provided by that individual in any capacity for the prior 36 month period, or the prior period of services if less, but will be treated as having incurred a
Separation From Service at any time when such reasonably anticipated level of future services is equal to or less than such 30% average level of prior services. 

k. Senior Officer. An officer of the Company above the level of Vice President and Group Vice President. 

l. Year of Service. A calendar year in which an individual is credited with not fewer than one thousand (1,000) hours of service, as
determined under Department of Labor Regulation 2530.200b-2(b) and (c). 

 Execution Copy November 4, 2019 

 

 Section 2: Eligibility 

Each individual is a Participant in the Plan as of the date the individual becomes a Senior Officer and satisfies all elements of the
definition of an Eligible Employee. No other persons have any rights under the Plan or to receive any benefit under the Plan. No employee will be eligible to receive a benefit under the Plan unless the employee and the Company execute a
Participation Agreement substantially in the form attached as Exhibit A to the Plan (or another form approved by the Compensation Committee). The executed Participation Agreement will constitute an agreement between the Company and the employee that
binds both of them to the terms of the Plan and will bind their heirs, executors, administrators, successors, and assigns, both present and future. 

Section 3: Plan Benefits 
 3.1
Benefits. A Participant is eligible to receive periodic severance payments based upon employment status at the time of a Separation From Service, in accordance with the applicable following schedule: 

 

					
	 Years of Service
	  	Duration of
Periodic Severance	 
	 0-3
	  	 	6 months	 
	 3-7
	  	 	9 months	 
	 7+
	  	 	12 months	 

 3.2 Payment of Benefits. Plan benefits will be the Participant’s base pay
amount, for the appropriate duration described in section 3.1, using the payroll date frequency in effect for the Participant as of the date the individual incurs a Separation From Service, as provided in this section 3.2. 

a. Payment Timing. Payment of Plan benefits will commence on the 30th day
following the Participant’s Separation From Service, provided the Participant has executed a Final Release (for which any revocation rights have expired) before the end of such 30 day period. Plan benefits with respect to the period from the
date of Separation From Service until such payment commencement date will be accumulated and paid on the first business date which occurs after the expiration of such 60 day period, and remaining Plan benefits will be paid thereafter on normal
payroll cycles (except as otherwise provided in section 5.3 with respect to certain death benefits). 
 b. No Final Release. If an
otherwise Eligible Employee fails to execute a Final Release (for which any revocation rights have expired) before the end of the 30 day period described in section 3.2.a. above, such individual shall be ineligible for Plan benefits. 

3.3 Deductions. The employer will effect all legally required deductions. All payments under the Plan will be
subject to tax withholding or other withholding required or permitted by applicable law to the extent deemed necessary by the Administrator. The Participant will bear the cost of any taxes not withheld on benefits provided under the Plan, regardless
of whether withholding is required. 
 Section 4: Financing Plan Benefits 

All Plan benefits shall be paid directly by the Company or Designated Subsidiary out of its general assets. All Plan benefits are unfunded and
unsecured until paid. 
 Section 5: Covenants 

5.1 Generally. In consideration for the benefits provided under the Plan, each Participant will agree to the
covenants set forth in this Section 5. 
 5.2 No Disparagement. The Participant will at no time make any
derogatory, misleading or otherwise negative statement about the actions, performance or behavior of the Company or its officers, directors, employees and agents. 

5.3 Cooperation. The Participant will cooperate with the Company in order to ensure an orderly transfer of his or
her duties and responsibilities. In addition, the Participant will at all times, both before and after termination of employment, (a) provide reasonable cooperation in connection with any action or proceeding (or any appeal from any action or
proceeding) that relates to events occurring during the Participant’s employment hereunder, provided that such cooperation does not materially interfere with the Participant’s then current employment, and (b) cooperate with the
Company in executing and delivering documents requested by the Company, and taking any other actions, that are necessary or requested by the Company to assist the Company in patenting, copyrighting, or registering any programs, ideas, inventions,
discoveries, patented or copyrighted material, or trademarks, and to vest title thereto in the Company. 
 5.4
Recoupment. If the Participant breaches any of the covenants set forth in this Section 5, the Company will have no further obligation to pay to the Participant any benefit under the Plan, and the Participant will be obligated to
repay to the Company all benefits previously paid to, or on behalf of, the Participant under the Plan. 

 Execution Copy November 4, 2019 

 

 Section 6: Miscellaneous 

5.1 Employment Rights. No provisions of the Plan and no action taken by the Company or the Administrator will give any
person any right to be retained in the employ of the Company. The Plan does not constitute a contract of employment and the Company and Participant acknowledge that Participant’s employment is and will continue to be at-will, as defined under
applicable law. Participation does not give any person the right to be rehired or retained. 
 5.2 Controlling Law. ERISA
shall be controlling in all matters relating to the Plan. The provisions of this Plan are intended to be applied in a manner consistent with Code Section 409A, but neither the Company nor any affiliate thereof shall be liable for any
determination by any person(s) that the arrangement or the administration thereof is subject to the tax provisions of Code Section 409A. 

5.2 No Right To Assets. Participation in the Plan does not create, in favor of any Participant, any right or lien in or against
any asset of the Company. Nothing contained in the Plan, and no action taken under its provisions, will create or be construed to create a trust of any kind, or a fiduciary relationship, between the Company and a Participant or any other person. The
Company’s promise to pay benefits under the Plan will at all times remain unfunded as to each Participant, whose rights under the Plan are limited to those of a general and unsecured creditor of the Company. 

5.4 Interests Not Transferable. The interests of persons entitled to benefits under the Plan may not be sold, transferred,
alienated, assigned nor encumbered; provided, however, that upon the death of a Participant in pay status under the Plan, the sum of any remaining scheduled benefit payments will be paid in a lump sum to the surviving spouse of the Participant, if
any, or if none then to the estate of the Participant. 
 5.5 Headings. The headings of sections and subsections herein are
for convenience of reference only and shall not be construed or interpreted as part of the Plan. 
 5.6 Severability. If any
provision of the Plan shall be held to be illegal or invalid for any reason, such illegality or invalidity shall not affect the remaining parts of the Plan, and the Plan shall be construed and enforced as if such illegal or invalid provision had
never been contained in the Plan. 
 5.7 Administration. The Plan Administrator shall have the sole and final power, duty,
discretion, authority and responsibility of directing and administering the Plan. All directions by the Plan Administrator shall be conclusive on all parties concerned. The Plan Administrator shall have the sole, absolute and final right and power
to construe, interpret and administer the provisions of the Plan including, but not limited to, the power (i) to construe any ambiguity and interpret any provision of the Plan or supply any omission or reconcile any inconsistencies in such
manner as it deems proper, (ii) to determine eligibility to become a Participant in the Plan in accordance with its terms, (iii) to decide all questions of eligibility for, and determine the amount, manner, and time of payment of, any
benefits hereunder, and (iv) to establish uniform rules and procedures to be followed in any matters required to administer the Plan. 

Section 6: Amendment and Termination 

The Company reserves the right, in its sole discretion, to amend the Plan from time to time or to terminate the Plan, all without prior notice.
No representation by anyone can extend the Company’s severance pay policies to provide for severance payments that are not covered by the Plan. 

 Execution Copy November 4, 2019 

 

  

Exhibit A 
 Date:
    November 4, 2019 
 To:        Paula Baker 

Subject: Leslie’s Poolmart, Inc. 2019 Executive Severance Plan Participation Agreement 

I am pleased to advise that you have been designated as an “Eligible Employee” for the purposes of the Leslie’s Poolmart, Inc. 2019 Executive
Severance Plan, as amended from time to time (the “Plan”). A copy of the current plan document is enclosed). 
 This means that, upon your
execution of this agreement, you will be eligible to receive the severance benefits described in the Plan in the event you experience a Separation From Service without Cause as defined under the Plan. If you have any questions, please contact me or
Steve Weddell. 
 By signing the attached signature page and in consideration of the opportunity to participate in the Plan, you agree to be bound by the
terms of the Plan, including the covenants set forth in Section 5 of the Plan. Your participation in the Plan does not confer any rights to continue in the employ of Leslie’s or any of its affiliates. 

Please sign the attached signature page and return the original to Steve Weddell as soon as possible. 

 

	
	Best regards,
	
	/s/ Steven L. Ortega
	
	Steven L. Ortega
	Executive Chairman, Chief Executive Officer and President

  
  

 Execution Copy November 4, 2019 

 

 Leslie’s Poolmart, Inc. 2019 Executive Severance Plan 

Agreement Signature Page 

November 4, 2019 
 I, Paula Baker, have read
the Leslie’s Poolmart, Inc. 2019 Executive Severance Plan and agree to its terms, and I agree to be bound by the terms of the covenants in Section 5 of the Plan. This agreement supersedes any and all prior agreements and communications,
whether written or oral, between the Company and me regarding the subject matter of the Plan. 
  

							
	 /s/ Paula Baker
	 	                            	 	 March 3, 2020
	 	                                    
	Signature	 		 	Date	 	

 Please return to Steven Weddell, EVP and Chief Financial Officer by November 8, 2019.EX-10.10

 Exhibit 10.10 

EXECUTION VERSION 

SUCCESSION AGREEMENT 

This Succession Agreement (this “Agreement”) is made and entered into by and among Leslie’s Poolmart, Inc. (“LPM”),
Leslie’s, Inc. (f/k/a Leslie’s Holdings, Inc.) (the “Company” and, together with LPM, the “Companies”) and Eric Kufel (“Mr. Kufel”) on October 19, 2020 (“Execution Date”), but shall be
effective as of the date of consummation of the Company’s initial public offering (“IPO”) pursuant to its filed Registration Statement on Form S-1 (File
No. 333-249372) (the “Effective Date”). If the Effective Date does not occur for any or no reason, this Agreement shall be null and void ab initio, and the Employment Agreement (as
defined below) shall remain in full force and effect in accordance with its terms. 
 RECITALS 

WHEREAS, LPM and Mr. Kufel are parties to that certain Amended and Restated Employment Agreement, dated as of January 12, 2020, and
effective as of October 1, 2019 (the “Employment Agreement”), pursuant to which Mr. Kufel was employed as Executive Advisor to LPM, after previously serving as the Executive Chairman of LPM. 

WHEREAS, as a result of the Company’s anticipated IPO, the Board of Directors of the Company (the “Board”) and Mr. Kufel
have mutually agreed that a further succession and transition in his roles and responsibilities with the Companies would be in their mutual best interests upon the Company becoming a publicly-traded company on the Effective Date. 

WHEREAS, in accordance with Mr. Kufel’s mutually agreed upon succession and transition as described in this Agreement, the Companies
and Mr. Kufel have agreed that (i) the Employment Agreement and Mr. Kufel’s employment thereunder will automatically terminate on the Effective Date; (ii) Mr. Kufel will continue to serve on the Board as a non-employee director from and after the Effective Date, for an initial term set to expire at the Company’s 2021 annual meeting of stockholders; and (iii) in consideration of terminating the Employment
Agreement and Mr. Kufel changing his roles and responsibilities with the Companies as described in this Agreement, to facilitate Mr. Kufel’s succession and transition to such new roles and responsibilities and to reward Mr. Kufel
for his outstanding contributions to the Company’s success, Mr. Kufel will be paid a one-time cash payment in the amount of $250,000 (the “Succession Payment”). 

WHEREAS, as a result of the above, the Companies and Mr. Kufel desire to enter into this Agreement on the terms and conditions set forth
below. 
 NOW THEREFORE, on the basis of the foregoing premises and in consideration of the mutual covenants and agreements contained
herein, the parties hereto agree as follows: 
 1.    Termination of Employment Agreement. Effective
automatically, and without further deed or action by any party, on the Effective Date, the Employment Agreement will terminate and will be replaced in its entirety by this Agreement. In connection with such termination, Mr. Kufel shall receive
from the Company, in full and final satisfaction of any and all of his entitlements under the Employment Agreement (including, without limitation under Section 8(d) thereof), the following: (a) the amounts and benefits specified in
Section 8(d)(i) of the 

 
Employment Agreement, which will be paid and provided in accordance with Section 8(a) of the Employment Agreement; (b) the Succession Payment, which will be paid through LPM’s
payroll on or before October 23, 2020, provided, that, Mr. Kufel’s right to retain the Succession Payment will be subject to (i) the occurrence of the Effective Date and (ii) his execution and
non-revocation of a release of claims in the form attached hereto as Exhibit A within thirty (30) days after the date hereof, but not before the Effective Date; and (c) in
lieu of the COBRA premium reimbursements due under Section 8(d)(iii) of the Employment Agreement, the opportunity for continued participation in the Companies’ health plans, which will be provided in accordance with Section 2(b)
below. For the avoidance of doubt, in the event of any conflict between this Agreement and the Employment Agreement as it pertains to the Succession Payment or any other matters, this Agreement will govern and control. 

2.    Director Position. Prior to the Effective Date, Mr. Kufel will be appointed by the Board to serve as a
Class I director on the Board, for an initial term that will commence on the Effective Date and expire at the Company’s 2021 annual meeting of stockholders, and in all events subject to the terms and conditions of the Company’s
Certificate of Incorporation and Bylaws and Delaware General Corporate Law. During his tenure as a member of the Board, (a) Mr. Kufel will receive compensation from the Company in such amounts and types, at such times and subject to such
terms and conditions, in each case, as other non-employee directors serving on the Board; and (b) Mr. Kufel, his spouse and his eligible dependents will continue to be eligible to participate in any
medical, dental, vision plans or policies otherwise then generally made available by the Company to its executives, provided, that, Mr. Kufel pays the same portion of the premiums and related deductibles and copays required under the
plan in connection with such participation as paid by other actively-employed executives of the Companies, all of which are subject to change at least annually; and provided, further, that in the event that Mr. Kufel obtains other
employment, such continuation of coverage by the Company under this Section 2 shall immediately cease. 

3.    Restrictive Covenants. Mr. Kufel hereby reaffirms the restrictive covenants and related provisions set
forth in Sections 10 and 12 of the Employment Agreement; provided, that, (a) the term “Company Group” will be defined as the Company and its direct and indirect subsidiaries and affiliates; and (b) the restrictive covenants set
forth in Sections 10(b) and 10(c) of the Employment Agreement will apply during the term of Mr. Kufel’s services on the Board and for two (2) years after termination thereof. 

4.    Governing Law; Jurisdiction. Section 18 of the Employment Agreement will apply mutatis mutandis to this
Agreement. 
 5.    Indemnification; D&O Insurance. Mr. Kufel shall be provided with an indemnification
agreement on the same terms as the Company’s other directors and shall be covered as an officer and director under any directors’ and officers’ liability insurance policy maintained from time to time by the Company for the benefit of
its directors. 
 6.    Assignability. Section 13 of the Employment Agreement will apply mutatis mutandis to
this Agreement. 
 7.    Notice. Any written notice or other document required or permitted to be given under
this Agreement, including payments, shall be personally delivered or mailed, by certified 

  
 2 

 
mail or by first class U.S. mail, if to Mr. Kufel, to his residential address on file at the Company and, if to either of the Companies, to its corporate headquarters, attention General
Counsel. Notice shall be deemed to have been given immediately upon personal delivery or on the third business day following placement in the U.S. mail in the continental United States (or on the fifth business day if placed in the U.S. mail
elsewhere in the United States) as specified above. 
 8.    Successors. Any payments and benefits due to
Mr. Kufel under this Agreement that have not been made to Mr. Kufel at the time of Mr. Kufel’s death will be made to his surviving spouse or, if none, to his estate. This Agreement will inure to the benefit of, and be enforceable
by, the Companies and their successors and Mr. Kufel and his beneficiaries, administrators and executors. 

9.    Survival of Obligations. Provisions of this Agreement imposing obligations that, by character, design or
otherwise, must be or can be discharged following termination of Mr. Kufel’s term as a member of the Board will remain in effect after the end of Mr. Kufel’s term as a member of the Board until all such obligations are
discharged. 
 10.    Counterparts. This Agreement may be executed in counterparts, which may be delivered by any
electronic means. When each party has signed and delivered at least one such counterpart, each counterpart shall be deemed an original, and, when taken together with other signed counterparts, shall constitute one Agreement which shall be binding
upon and effective as to all parties. No counterpart shall be effective until all parties hereto have executed and exchanged an executed counterpart hereof. 

11.    No Waiver. A party’s failure to enforce any provision or provisions of this Agreement will not prevent
that party thereafter from enforcing each and every other provision of this Agreement. 
 12.    Partial
Invalidity. The invalidity or unenforceability of any provision or portion of this Agreement will not affect the validity or enforceability of the other provisions or portions of this Agreement. 

13.    Entire Agreement. This Agreement constitutes a single integrated contract expressing the entire agreement of
the parties with respect to the subject matter hereof and, on the Effective Date, supersedes all prior and contemporaneous oral and/or written agreements, including the Employment Agreement (except for the provisions that survive in accordance with
this Agreement). Other than as described in this Agreement, there are no other agreements, written or oral, expressed or implied, between the parties hereto concerning the subject matter hereof. This Agreement may be modified or amended only by an
agreement in writing signed by the parties. 
 14.    Representations and Warranties. The Companies represent and
warrant to Mr. Kufel that this Agreement has been approved by the Board. Mr. Kufel represents and warrants to the Companies that the execution and performance of this Agreement do not and will not conflict with, violate or give rise to any
liability on the part of Mr. Kufel or the Companies under any agreement or policy to which Mr. Kufel is subject or bound. 

15.    Mr. Kufel’s Legal Fees. Within thirty (30) days of the Execution Date, the
Company shall pay for all of the legal fees reasonably incurred by Mr. Kufel in connection with the preparation and negotiation of this Agreement, subject to Mr. Kufel’s provision of documentation of such legal fees that is reasonably
satisfactory to the Company. 

  
 3 

 16.    Tax Matters. Section 21 of the Employment Agreement
will apply mutatis mutandis to this Agreement; provided, that, with respect to all compensation payable to Mr. Kufel from and after the Effective Date in connection with his service as a a non-employee
director, Mr. Kufel will be solely responsible for payment of all federal, state, local and foreign taxes, as applicable, as Mr. Kufel will be serving in the capacity of an independent contractor. 

[signature page follows] 

  
 4 

 IN WITNESS WHEREOF, the parties hereto have executed and delivered this Agreement as of the
Execution Date. 
  

			
	LESLIE’S POOLMART, INC.
		
	By:	 	  

		 	Michael R. Egeck
		 	Chief Executive Officer
	
	LESLIE’S, INC.
		
	By:	 	  

		 	Michael R. Egeck
		 	Chief Executive Officer
	
	MR. KUFEL
	
	  
 Eric Kufel

 [Signature page to Succession Agreement] 

 Exhibit A 

General Release 

I, Eric Kufel, in consideration of and subject to the performance by Leslie’s Poolmart, Inc. (together with its affiliates, the
“Company”) of its obligations under the Succession Agreement, dated as of October 19, 2020 (the “Succession Agreement”), do hereby release and forever discharge, as of the date hereof, the Company and all
present, former and future directors, officers, agents, representatives, employees, successors and assigns of the Company and its direct or indirect owners (collectively, the “Released Parties”) to the extent provided
herein (this “General Release”). The Released Parties are intended third-party beneficiaries of this General Release, and this General Release may be enforced by each of them in accordance with the terms hereof in respect of the
rights granted to such Released Parties hereunder. Terms used herein but not otherwise defined shall have the meanings given to them in the Succession Agreement. 

1.    I understand that the Succession Payment represents, in part, consideration for signing this General Release and is not salary,
wages or benefits to which I was already entitled. I understand and agree that I will not receive the Succession Payment, unless I execute this General Release and do not revoke this General Release within the time period permitted hereafter or
breach this General Release. The Succession Payment will not be considered compensation for purposes of any employee benefit plan, program, policy or arrangement maintained or hereafter established by the Company or its affiliates. 

2.    Except as provided in paragraphs 4 and 5 below and except for the provisions of the Agreement which expressly survive the
termination of my employment with the Company, I knowingly and voluntarily (for myself and my heirs, executors, administrators and assigns) release and forever discharge the Company and the other Released Parties from any and all claims, suits,
controversies, actions, causes of action, cross-claims, counter-claims, demands, debts, compensatory damages, liquidated damages, punitive or exemplary damages, other
damages, claims for costs and attorneys’ fees, or liabilities of any nature whatsoever in law and in equity, both past and present (through the date on which I execute this General Release) and whether known or unknown, suspected or claimed
against the Company and/or any of the Released Parties, which I, my spouse or any of my heirs, executors, administrators or assigns ever had, now have, or hereafter may have, by reason of any matter, cause or thing whatsoever, from the beginning of
my initial dealings with the Company to the date on which I execute this General Release, and particularly, but without limitation of the foregoing general terms, any claims arising from or relating in any way to my employment relationship with
Company, the terms and conditions of that employment relationship, and the termination of that employment relationship (including, but not limited to, any allegation, claim or violation, arising under: Title VII of the Civil Rights Act of 1964, as
amended; the Civil Rights Act of 1991; the Age Discrimination in Employment Act of 1967, as amended (including the Older Workers Benefit Protection Act); the Equal Pay Act of 1963, as amended; the Americans with Disabilities Act of 1990; the Family
and Medical Leave Act of 1993; the Worker Adjustment Retraining and Notification Act; the Employee Retirement Income Security Act of 1974; any applicable Executive Order Programs; the Fair Labor Standards Act; or their state or local counterparts;
or under any other federal, state or local civil or human rights law, or under any other local, state, or federal law, regulation or ordinance; or under any public policy, contract or tort, or under common law; or arising under any policies,
practices or 

  
 A-1 

 
procedures of the Company; or any claim for wrongful discharge, breach of contract, infliction of emotional distress, defamation; or any claim for costs, fees, or other expenses, including
attorneys’ fees incurred in these matters) (all of the foregoing collectively referred to herein as the “Claims”). I understand and intend that this General Release constitutes a general release of all claims and that no
reference herein to a specific form of claim, statute or type of relief is intended to limit the scope of this General Release. 

3.    I represent that I have made no assignment or transfer of any right, claim, demand, cause of action or other matter covered by
paragraph 2 above. 
 4.    I agree that this General Release does not waive or release any rights or claims that I may have under the
Age Discrimination in Employment Act of 1967 which arise after the date I execute this General Release. I acknowledge and agree that my separation from employment with the Company in compliance with the terms of the Agreement and the Succession
Agreement shall not serve as the basis for any claim or action (including, without limitation, any claim under the Age Discrimination in Employment Act of 1967). 

5.    I agree that I hereby waive all rights to sue or obtain equitable, remedial or punitive relief from any or all Released Parties of
any kind whatsoever, including, without limitation, reinstatement, back pay, front pay and any form of injunctive relief. Notwithstanding the foregoing, I acknowledge that I am not waiving and am not being required to waive any right that cannot be
waived under law, including the right to file an administrative charge or participate in an administrative investigation or proceeding; provided, however, that I disclaim and waive any right to share or participate in any monetary award resulting
from the prosecution of such charge or investigation or proceeding. 
 6.    In signing this General Release, I acknowledge and intend
that it shall be effective as a bar to each and every one of the Claims hereinabove mentioned or implied. I expressly consent that this General Release shall be given full force and effect according to each and all of its express terms and
provisions, including those relating to unknown and unsuspected Claims (notwithstanding any state or local statute that expressly limits the effectiveness of a general release of unknown, unsuspected and unanticipated Claims), if any, as well as
those relating to any other Claims hereinabove mentioned or implied. I acknowledge and agree that this waiver is an essential and material term of this General Release and that without such waiver the Company would not have agreed to the terms of
the Agreement or the Succession Agreement. I further agree that in the event that I should bring a Claim seeking damages against the Company or any Released Party, or in the event that I should seek to recover against the Company or any Released
Party in any Claim brought by a governmental agency on my behalf, this General Release shall serve as a complete defense to such Claims to the maximum extent permitted by law. I further agree that I am not aware of any pending claim, or of any facts
that could give rise to a claim, of the type described in paragraph 2 as of the execution of this General Release. 
 7.    I agree that
neither this General Release, nor the furnishing of the consideration for this General Release, shall be deemed or construed at any time to be an admission by the Company, any Released Party or myself of any improper or unlawful conduct. 

  
 A-2 

 8.    I agree that I will forfeit all amounts payable by the Company pursuant to the
Agreement (as modified by the Succession Agreement) if I challenge the validity of this General Release. I also agree that if I violate this General Release by suing the Company or the other Released Parties, I will pay all costs and expenses of
defending against the suit incurred by the Released Parties, including reasonable attorneys’ fees, and return all payments received by me pursuant to the Agreement (as modified by the Succession Agreement) on or after the termination of my
employment. 
 9.    I agree that the Agreement is confidential and agree not to disclose any information regarding the terms of the
Agreement, except to my immediate family and any tax, legal or other counsel that I have consulted regarding the meaning or effect hereof or as required by law and except as provided in Sections 10(a)(i) and 10(a)(ii) of the Agreement, and I will
instruct each of the foregoing not to disclose the same to anyone. 
 10.    Any non-disclosure
provision in this General Release does not prohibit or restrict me (or my attorney) from responding to any inquiry about this General Release or its underlying facts and circumstances by the Securities and Exchange Commission (SEC), the Financial
Industry Regulatory Authority (FINRA), or any other self-regulatory organization or governmental entity. 

11.    I hereby acknowledge that Sections 10 through 13, 16 and 18 through 21 of the Employment Agreement (as defined in the
Succession Agreement) shall survive my execution of this General Release. 
 12.    I represent that I am not aware of any Claim by me,
and I acknowledge that I may hereafter discover Claims or facts in addition to or different than those which I now know or believe to exist with respect to the subject matter of the release set forth in paragraph 2 above and which, if known or
suspected at the time of entering into this General Release, may have materially affected this General Release and my decision to enter into it. 

13.    Notwithstanding anything in this General Release to the contrary, this General Release shall not relinquish, diminish, or in any
way affect any rights or claims arising out of any breach by the Company or by any Released Party of the Agreement or the Succession Agreement after the date hereof. 

14.    Whenever possible, each provision of this General Release shall be interpreted in such manner as to be effective and valid under
applicable law, but if any provision of this General Release is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any
other provision or any other jurisdiction, but this General Release shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been contained herein. This General Release
constitutes the complete and entire agreement and understanding among the parties, and supersedes any and all prior or contemporaneous agreements, commitments, understandings or arrangements, whether written or oral, between or among any of the
parties, in each case concerning the subject matter hereof. 

  
 A-3 

 BY SIGNING THIS GENERAL RELEASE, I REPRESENT AND AGREE THAT: 

 

	 	1.	 I HAVE READ IT CAREFULLY; 

 

	 	2.	 I UNDERSTAND ALL OF ITS TERMS AND KNOW THAT I AM GIVING UP IMPORTANT RIGHTS, INCLUDING, BUT NOT LIMITED TO,
RIGHTS UNDER THE AGE DISCRIMINATION IN EMPLOYMENT ACT OF 1967, AS AMENDED, TITLE VII OF THE CIVIL RIGHTS ACT OF 1964, AS AMENDED, THE EQUAL PAY ACT OF 1963, THE AMERICANS WITH DISABILITIES ACT OF 1990, AND THE EMPLOYEE RETIREMENT INCOME SECURITY ACT
OF 1974, AS AMENDED; 

  

	 	3.	 I VOLUNTARILY CONSENT TO EVERYTHING IN IT; 

 

	 	4.	 I HAVE BEEN ADVISED TO CONSULT WITH AN ATTORNEY BEFORE EXECUTING IT AND I HAVE DONE SO, OR, AFTER CAREFUL
READING AND CONSIDERATION, I HAVE CHOSEN NOT TO DO SO OF MY OWN VOLITION; 

  

	 	5.	 I HAVE HAD AT LEAST TWENTY-ONE (21) DAYS FROM THE DATE OF MY
RECEIPT OF THIS GENERAL RELEASE TO CONSIDER IT AND THE CHANGES MADE SINCE MY RECEIPT OF THIS GENERAL RELEASE ARE NOT MATERIAL OR WERE MADE AT MY REQUEST AND WILL NOT RESTART THE REQUIRED TWENTY-ONE (21)-DAY PERIOD; 

  

	 	6.	 I UNDERSTAND THAT I HAVE SEVEN (7) DAYS AFTER THE EXECUTION OF THIS GENERAL RELEASE TO REVOKE IT AND THAT
THIS GENERAL RELEASE SHALL NOT BECOME EFFECTIVE OR ENFORCEABLE UNTIL THE REVOCATION PERIOD HAS EXPIRED; 

  

	 	7.	 I HAVE SIGNED THIS GENERAL RELEASE KNOWINGLY AND VOLUNTARILY AND WITH THE ADVICE OF ANY COUNSEL RETAINED TO
ADVISE ME WITH RESPECT TO IT; AND 

  

	 	8.	 I AGREE THAT THE PROVISIONS OF THIS GENERAL RELEASE MAY NOT BE AMENDED, WAIVED, CHANGED OR MODIFIED EXCEPT BY
AN INSTRUMENT IN WRITING SIGNED BY AN AUTHORIZED REPRESENTATIVE OF THE COMPANY AND BY ME. 

  

											
	SIGNED:	 	  
	 		 	DATE:	 	  

  
 A-4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00315-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00315-of-00352.parquet"}]]