Document:

EX-10.1

 Exhibit 10.1 
  

 
 Richard P. Lavin 

SEPARATION AGREEMENT AND RELEASE 
 This Separation
Agreement and Release (“Agreement”) entered into as of this 20th day of November, 2015 (the “Effective Date”), serves as the understanding between you and the Company (as hereinafter defined) regarding the terms of
your separation from the Company and the mutual intent of both parties to facilitate an amicable separation. This Agreement is made on behalf of, and for the benefit of, Commercial Vehicle Group, Inc. (the “Company”), and any and
all directly or indirectly owned subsidiaries and affiliated companies of the Company (each, an “Affiliate”), and all of their respective past and present officers, directors, employees, agents (all in both their individual and
official capacities), parent companies, subsidiary companies, predecessors, partners, members, affiliates, principals, insurers, and any and all employee benefit plans (and any fiduciary of such plans) sponsored by the aforesaid entities (all of
which are collectively referred to herein as the “Company Group”). Please read this document carefully as it will outline the terms of all the agreements we have made: 

 

	 	1.	Record of Separation – the Company will record your separation of employment with the Company effective November 20, 2015 (the “Separation Date”), as the result of you voluntarily
terminating your employment from the Company pursuant to that certain employment agreement dated August 14, 2013 (the “Employment Agreement”) between you and the Company. You hereby resign, effective as of the Separation Date,
your positions as President and Chief Executive Officer of the Company and its Affiliates, and all other offices you may hold with the Company and its Affiliates. As of the Separation Date you shall also resign, and hereby resign, as a member of the
Board of Directors of the Company. You further agree to execute promptly upon request by the Company or any Affiliate any additional documents requested by the Company or Affiliate to effectuate or further evidence the provisions of this
Section 1. 

  

	 	2.	Separation Compensation – The Company will pay you $375,000 (herein, “Separation Compensation”) payable in approximately equal installments in accordance with the Company’s payroll
practices and subject to applicable withholdings, if any, during the period from the Separation Date until May 20, 2016 (the “Advisory Period”). During the Advisory Period, you shall serve in an advisory, non-employee capacity.
For avoidance of doubt, you shall not be entitled to any other compensation or benefits of any kind during the time you serve in the advisory, non-employee capacity. For avoidance of doubt, all payments paid to you under this Section 2
will be subject to recovery by the Company if (a) you are in violation of any of your obligations under this Agreement or your Employment Agreement, or (b) the Company, after your termination, learns of any facts about your job performance
or conduct that would have given the Company Cause, as defined in Section 8(c) of the Employment Agreement, to terminate your employment. 

  

	 	3.	Restrictive Covenants - You acknowledge and affirm your continuing obligations under Sections 11 and 12 of your Employment Agreement, which shall survive your termination of employment with the Company as
provided therein. In consideration of the Severance Pay payable pursuant to Section 2 of this Agreement, and without limiting, amending or superseding your continuing obligations under Sections 11 and 12 of your Employment Agreement, you
hereby acknowledge and agree as follows: 

			
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	 	a.	CONFIDENTIALITY During the course of your employment with the Company, you have had access to Confidential Information. For purposes of this Agreement, “Confidential Information” means all data,
information, ideas, concepts, discoveries, trade secrets, inventions (whether or not patentable or reduced to practice), innovations, improvements, know-how, developments, techniques, methods, processes, treatments, drawings, sketches,
specifications, designs, plans, patterns, models, plans and strategies, and all other confidential or proprietary information or trade secrets in any form or medium (whether merely remembered or embodied in a tangible or intangible form or medium)
whether now or hereafter existing, relating to or arising from the past, current or potential business, activities and/or operations of the Company or any of its affiliates, including, without limitation, any such information relating to or
concerning finances, sales, marketing, advertising, transition, promotions, pricing, personnel, customers, suppliers, vendors, raw partners and/or competitors. You hereby agree that you shall not, directly or indirectly, use, make available, sell,
disclose or otherwise communicate to any person, other than in the course of your assigned duties and for the benefit of the Company, either during the period beginning August 14, 2013, and ending as of the Separation Date (the
“Employment Term”) or at any time thereafter, any Confidential Information or other confidential or proprietary information received from third parties subject to a duty on the Company’s and its subsidiaries’ and
affiliates’ part to maintain the confidentiality of such information, and to use such information only for certain limited purposes, in each case, which shall have been obtained by the you during your employment by the Company (or any
predecessor). The foregoing shall not apply to information that (i) was known to the public prior to its disclosure to you; (ii) becomes generally known to the public subsequent to disclosure to you through no wrongful act on your part or
on the part of any of your representatives; or (iii) you are required to disclose by applicable law, regulation or legal process (provided that you provide the Company with prior notice of the contemplated disclosure and you cooperate with the
Company at its expense in seeking a protective order or other appropriate protection of such information). 

  

	 	b.	 NONCOMPETITION. You acknowledge that (i) during the Employment Term you performed services of a unique nature for the Company that
are irreplaceable, and that your performance of such services to a competing business will result in irreparable harm to the Company and its Affiliates, (ii) during the Employment Term you have had access to Confidential Information which, if
disclosed, would unfairly and inappropriately assist in competition against the Company or any of its Affiliates, (iii) in the course of your employment by a competitor, you would inevitably use or disclose such Confidential Information,
(iv) the Company and its Affiliates have substantial relationships with their customers and you have had access to these customers, (v) during the Employment Term you have received specialized training from the Company and its Affiliates,
and (vi) during the Employment Term you have generated goodwill for the Company and its Affiliates. Accordingly, during the period beginning August 14, 2013, and ending on the two-year anniversary of the Separation Date (the
“Restriction Period”), you agree that you will not, directly or indirectly, own, manage, operate, control, be employed by (whether as an employee, consultant, independent contractor or otherwise, and whether or not for compensation)
or render services to any person, firm, corporation or other entity, in whatever form, engaged in competition with the Company or any of its Affiliates or in any other material business in which the Company or any of its Affiliates is engaged on the
Separation Date or in which they have planned, on or prior to such date, to be 

  
 

 

			
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engaged in on or after such date, in any locale of any country in which the Company or an Affiliate conducts business. Notwithstanding the foregoing, nothing herein shall prohibit you from being
a passive owner of not more than one percent (1%) of the equity securities of a publicly traded corporation engaged in a business that is in competition with the Company or any of its Affiliates, so long as you have no active participation in
the business of such corporation. 

  

	 	c.	NONSOLICITATION; NONINTERFERENCE. 

  

	 	i.	During the Restriction Period, you agree that you shall not, directly or indirectly, individually or on behalf of any other person, firm, corporation or other entity, solicit, aid or induce any customer of the Company
or any of its subsidiaries or affiliates to purchase goods or services then sold by the Company or any of its subsidiaries or affiliates from another person, firm, corporation or other entity or assist or aid any other persons or entity in
identifying or soliciting any such customer. 

  

	 	ii.	During the Restriction Period, you agree that you shall not, directly or indirectly, individually or on behalf of any other person, firm, corporation or other entity, (A) solicit, aid or induce any employee,
representative or agent of the Company or any of its Affiliates to leave such employment or retention or to accept employment with or render services to or with any other person, firm, corporation or other entity unaffiliated with the Company or
hire or retain any such employee, representative or agent, or take any action to materially assist or aid any other person, firm, corporation or other entity in identifying, hiring or soliciting any such employee, representative or agent, or
(B) interfere, or aid or induce any other person or entity in interfering, with the relationship between the Company or any of its Affiliates and any of their respective vendors, joint venturers or licensors. An employee, representative or
agent shall be deemed covered by this Section 4.c.ii. while so employed or retained and for a period of six (6) months thereafter. 

  

	 	iii.	Notwithstanding the foregoing, the provisions of this Section 4.c. shall not be violated by (A) general advertising or solicitation not specifically targeted at Company- or Affiliate-related persons or
entities, (B) you serving as a reference, upon request, for any employee of the Company or any of its Affiliates so long as such reference is not for an entity that is employing or retaining you, or (C) actions taken by any person or
entity with which you are associated if you are not personally involved in any manner in the matter and has not identified such Company-related person or entity for soliciting or hiring. 

 

	 	d.	NONDISPARAGEMENT.

  

	 	i.	During the Restriction Period, you agree not to make negative comments about, or otherwise disparage, the Company or its officers, directors or products. The foregoing shall not be violated by truthful statements in
response to legal process, required governmental testimony or filings, or administrative or arbitral proceedings (including, without limitation, depositions in connection with such proceedings). 

  
 

 

			
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	 	ii.	During the Restriction Period, the Company agrees that the Company and its directors and officers will not make negative comments about, or otherwise disparage, you. The foregoing shall not be violated by truthful
statements in response to legal process, required governmental testimony or filings, or administrative or arbitral proceedings (including, without limitation, depositions in connection with such proceedings). 

 

	 	e.	INVENTIONS. 

  

	 	i.	You acknowledge and agree that all ideas, methods, inventions, discoveries, improvements, work products, developments, software, know-how, processes, techniques, methods, works of authorship and other work product,
whether patentable or unpatentable, (A) that are reduced to practice, created, invented, designed, developed, contributed to, or improved with the use of any Company or Affiliate resources and/or within the scope of your work with the Company
or its Affiliates or that relate to the business, operations or actual or demonstrably anticipated research or development of the Company or an Affiliate, and that are made or conceived by you, solely or jointly with others, during the Employment
Term, or (B) suggested by any work that you performed in connection with the Company or an Affiliate, either while performing your duties with the Company or Affiliate or on your own time, shall belong exclusively to the Company (or its
designee), whether or not patent or other applications for intellectual property protection are filed thereon (the “Inventions”). You hereby represent that you have kept full and complete written records (the
“Records”), in the manner prescribed by the Company, of all Inventions as of the Effective Date, and have promptly disclosed all Inventions as of the Effective Date completely and in writing to the Company. The Records shall be the
sole and exclusive property of the Company, and you will surrender them to the Company no later than the Separation Date. You shall irrevocably convey, transfer and assign to the Company the Inventions and all patents or other intellectual property
rights that may issue thereon in any and all countries, whether during or subsequent to the Employment Term, together with the right to file, in your name or in the name of the Company (or its designee), applications for patents and equivalent
rights (the “Applications”). You will, at any time during and subsequent to the Employment Term, make such applications, sign such papers, take all rightful oaths, and perform all other acts as may be requested from time to time by
the Company to perfect, record, enforce, protect, patent or register the Company’s rights in the Inventions, all without additional compensation to you from the Company. You will also execute assignments to the Company (or its designee) of the
Applications, and give the Company and its attorneys all reasonable assistance (including the giving of testimony) to obtain the Inventions for the Company’s benefit, all without additional compensation to you from the Company.

  

	 	ii.	 In addition, the Inventions will be deemed Work for Hire, as such term is defined under the copyright laws of the United States, on behalf of the
Company and you agree that the Company will be the sole owner of the Inventions, and all underlying rights therein, in all media now known or hereinafter devised, throughout the universe and in perpetuity without any further obligations to you. If
the Inventions, or any portion thereof, are deemed not to be Work for Hire, or the rights in such Inventions do not otherwise automatically vest in the Company, 

  
 

 

			
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you hereby irrevocably convey, transfer and assign to the Company, all rights, in all media now known or hereinafter devised, throughout the universe and in perpetuity, in and to the Inventions,
including, without limitation, all of your right, title and interest in the copyrights (and all renewals, revivals and extensions thereof) to the Inventions, including, without limitation, all rights of any kind or any nature now or hereafter
recognized, including, without limitation, the unrestricted right to make modifications, adaptations and revisions to the Inventions, to exploit and allow others to exploit the Inventions and all rights to sue at law or in equity for any
infringement, or other unauthorized use or conduct in derogation of the Inventions, known or unknown, prior to the date hereof, including, without limitation, the right to receive all proceeds and damages therefrom. In addition, you hereby waive any
so-called “moral rights” with respect to the Inventions. To the extent that you have any rights in the results and proceeds of your services to the Company that cannot be assigned in the manner described herein, you agree to
unconditionally waive the enforcement of such rights. You hereby waive any and all currently existing and future monetary rights in and to the Inventions and all patents and other registrations for intellectual property that may issue thereon,
including, without limitation, any rights that would otherwise accrue to your benefit by virtue of you being an employee of or other service provider to the Company. 

 

	 	f.	RETURN OF COMPANY PROPERTY. On or prior to the Separation Date, you shall return all property belonging to the Company or its Affiliates (including, but not limited to, any Company- or Affiliate-provided laptops,
computers, cell phones, wireless electronic mail devices or other equipment, or documents and property belonging to the Company or an Affiliate). You may retain your rolodex and similar address books provided that such items only include contact
information and do not include any Confidential Information. 

  

	 	g.	REASONABLENESS OF COVENANTS. In signing this Agreement, you represent and give the Company and its Affiliates assurance that you have carefully read and considered all of the terms and conditions of this
Agreement, including the restraints imposed under this Section 4. You agree that these restraints are necessary for the reasonable and proper protection of the Company and its Affiliates and their Confidential Information and that each
and every one of the restraints is reasonable in respect to subject matter, length of time and geographic area, and that these restraints, individually or in the aggregate, will not prevent you from obtaining other suitable employment during the
period in which you are bound by the restraints. You agree that, before providing services, whether as an employee, advisor or consultant, to any entity during the period of time that you are subject to the constraints in Section 4.b.
hereof, you will provide a copy of this Agreement (including, without limitation, this Section 4) to such entity, and such entity shall acknowledge to the Company in writing that it has read this Agreement. You acknowledge that each of
these covenants has a unique, very substantial and immeasurable value to the Company and its Affiliates and that you have sufficient assets and skills to provide a livelihood while such covenants remain in force. It is also agreed that each of the
Company’s Affiliates will have the right to enforce all of your obligations to that Affiliate under this Agreement, including without limitation pursuant to this Section 4. 

  
 

 

			
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	 	h.	REFORMATION. If it is determined by a court of competent jurisdiction in any state that any restriction in this Section 4 is excessive in duration or scope or is unreasonable or unenforceable under
applicable law, it is the intention of the parties that such restriction may be modified or amended by the court to render it enforceable to the maximum extent permitted by the laws of that state. 

 

	 	i.	TOLLING. In the event of any violation of the provisions of this Section 4, you acknowledge and agree that the post-termination restrictions contained in this Section 4 shall be extended
by a period of time equal to the period of such violation, it being the intention of the parties hereto that the running of the applicable post-termination restriction period shall be tolled during any period of such violation. 

 

	 	j.	COOPERATION. Upon the receipt of reasonable notice from the Company (including outside counsel), you agree that beginning as of the Effective Date and thereafter, you will respond and provide information with
regard to matters in which you have knowledge as a result of your employment with the Company and its Affiliates, and will provide reasonable assistance to the Company, its Affiliates and their respective representatives in defense of any claims
that may be made against the Company or its Affiliates, and will provide reasonable assistance to the Company and its Affiliates in the prosecution of any claims that may be made by the Company or its Affiliates, to the extent that such claims may
relate to the period of your employment with the Company (collectively, the “Claims”). You agree to promptly inform the Company if you become aware of any lawsuits involving Claims that may be filed or threatened against the Company
or its Affiliates. You also agree to promptly inform the Company (to the extent that you are legally permitted to do so) if you are asked to assist in any investigation of the Company or its Affiliates (or their actions) or another party attempts to
obtain information or documents from you (other than in connection with any litigation or other proceeding in which you are a party-in-opposition) with respect to matters you believe in good faith to relate to any investigation of the Company or its
Affiliates, in each case, regardless of whether a lawsuit or other proceeding has then been filed against the Company or its Affiliates with respect to such investigation, and shall not do so unless legally required. During the pendency of any
litigation or other proceeding involving Claims, you shall not communicate with anyone (other than your attorneys and tax and/or financial advisors and except to the extent that you determine in good faith is necessary in connection with the
performance of your duties hereunder) with respect to the facts or subject matter of any pending or potential litigation or regulatory or administrative proceeding involving the Company or any of its Affiliates without giving prior written notice to
the Company or the Company’s counsel; provided, however, nothing herein shall prohibit you providing testimony or information as compelled or required by law. Upon presentation of appropriate documentation, the Company shall pay or reimburse
you for all reasonable out-of-pocket travel, duplicating or telephonic expenses incurred by you in complying with this Section 4.i. 

  

	 	4.	Waiver and Release of Claims. 

  

	 	a.	 This is a release of claims against the Company and those associated with it. Please read it carefully: In exchange for the commitments by the
Company as provided for in this Agreement, including, without limitation, the Separation Compensation, you agree (for yourself, your heirs, executors, and assignees) to fully release and waive any claims

  
 

 

			
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or rights, of any kind or nature whatsoever, whether known or unknown, that you may have against the Company Group which may exist or have arisen up to and including the date of this Agreement,
except as provided in Section 4.b of this Agreement. The claims and rights which are waived and released include any that arise out of your employment or relationship with the Company and its Affiliates, or any of their respective
representatives, and the cessation of your employment, except for enforcement of this Agreement and/or as provided in Section 4.b of this Agreement. Although there may be others, some of the specific claims which are released are all
claims of any nature that may exist with respect to violation of any legal obligations, compensation, company policies, contract obligations, whistleblower status, retaliation, torts or public policy, and/or unlawful discrimination, whether on the
basis of race, creed, color, national origin, disability, age, sex, harassment, or other protected characteristic. (This release and waiver specifically includes any claims of age discrimination under the Federal Age Discrimination in Employment
Act, the Older Workers Benefit Protection Act, or otherwise. This release and waiver specifically does not include any claim related to the enforcement of this Agreement.) You certify and warrant that, to the best of your knowledge, you have not
suffered any workplace injury while in the Company’s or an Affiliate’s employ, other than those regarding which the Company is already on notice; have received all leave time to which you are or were entitled; and have been paid for all
hours worked and properly compensated for all hours worked in excess of forty (40) hours per week. You also certify and warrant that you have not filed, caused to be filed, and presently are not a party to any claims against the Company Group,
you have not divulged any Confidential Information, and will continue to maintain the confidentiality of such Confidential Information, you have been paid and/or received or will be paid and/or will receive pursuant to this Agreement all
compensation, commissions, overtime pay, wages, bonuses, PTO and vacation, benefits, and other compensation to which you were entitled during your employment, you have been granted any leaves of absence to which you were entitled, under the federal
FMLA and disability laws, and in compliance with the Company’s policies, and you have been paid all amounts due to you (including bonus, merit increase, or otherwise) in connection with any absences, you are not aware of any facts or conduct to
suggest that that any member of the Company Group has engaged in any improper or fraudulent conduct with respect to the U.S. government or any other government agency, and to your knowledge you have not engaged in, and are not aware of, any unlawful
conduct related to any of the Company’s or Affiliate’s business activities. 

  

	 	b.	 Nothing herein will preclude you from filing a charge of discrimination with the Equal Employment Opportunity Commission; however, you expressly waive
and release any right you may have to any remedy resulting from such a charge, or any action or suit, that may be instituted on your behalf against the Company by the Equal Employment Opportunity Commission, or any other governmental agency, or in
any class or collective action. Additionally, you are not releasing or waiving and nothing in this Agreement shall affect or release (i) any rights you have under this Agreement, (ii) any right or claim you may have in any vested benefits
under any employee benefit plans, including without limitation any health, welfare, retirement, pension, profit-sharing or deferred compensation plan, (iii) any right or claim relating to directors’ and officers’ liability insurance
coverage or any right of indemnification under any of the Company’s or any Affiliate’s organizational documents, your Indemnification Agreement dated May 28, 2013 (the “Indemnification Agreement”), applicable law or
otherwise, (iv) any right or claim you may have as an equity or security holder of the Company or its Affiliates, 

  
 

 

			
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including without limitation any vested restricted stock shares or any vested rights under any equity incentive plan or restricted stock agreement, and (v) any right or claim for
reimbursement of customary business expenses incurred prior to the Separation Date. No money shall be paid under this Agreement until you have executed this Agreement, including its release and waiver of all employment related claims (except
enforcement of this Agreement), in favor of the Company Group within the time limit set forth in Section 7 of this Agreement, and you do not revoke this Agreement within the revocation period set forth in Section 7 of this
Agreement. 

  

	 	c.	In exchange for the above, the Company and its Affiliates agree to fully release and waive any claims or rights, of any kind, whether known or unknown, that it may have against you, which have arisen up to and including
the Effective Date, except for enforcement of this Agreement, Sections 11 through 22 of your Employment Agreement, or acts done in bad faith or criminal offenses. 

 

	 	5.	Other Agreements. You acknowledge and agree that, other than the payments expressly set forth in Section 2 of this Agreement titled “Separation Compensation”, (a) you have received all
compensation to which you are entitled from the Company and its Affiliates, and you are not entitled to any other payments or benefits from the Company and its Affiliates, (b) after the Separation Date, you shall not receive any annual bonus,
other cash incentive compensation, long term incentive award, options, restricted stock, restricted stock units or other equity awards, and (c) after the Separation Date, you shall not receive any base salary, annual bonus, other cash
compensation, long term incentive award, options, restricted stock, restricted stock units or other equity awards, expense reimbursement, welfare, retirement, perquisite, fringe benefit, or other benefit plan coverage or coverage under any other
practice, policy or program as may be in effect from time to time, applying to senior officers or other employees of the Company; however, this Agreement does not affect any vested shares or rights you have under any restricted stock agreement or
equity plan. However, for avoidance of doubt, the Company hereby acknowledges that it remains bound by and subject to the terms of the Indemnification Agreement, which shall survive the termination of your employment with the Company as provided
therein. 

 Nothing in this Agreement is intended to supersede any other non-competition, non-solicitation and confidentiality
agreements between you and the Company and/or an Affiliate, including, for avoidance of doubt, your Employment Agreement. You hereby acknowledge and agree that the non-competition, non-solicitation and confidentiality provisions set forth in
Section 4 of this Agreement are in addition to, and shall not amend or supersede any similar provisions in any other agreements between you and the Company or an Affiliate, including, without limitation, Sections 11 and 12 of your
Employment Agreement. 
  

	 	6.	Period for Review and Right to Revoke. Although we have discussed this Agreement at some length, please feel free to take up to twenty-one (21) days, to consider this Agreement. In addition, if you should
change your mind for any reason after executing this Agreement, you may rescind the Agreement anytime within seven (7) days after the date of your signature. To be effective, any such rescission must be in writing, postmarked, or delivered
before the expiration of the seven (7) day period, to me as provided for in this Agreement. You may use as much or as little of this time as you desire; however, you acknowledge and agree that no Severance Pay will be paid to you until you have
confirmed your agreement. You are encouraged to talk to anyone, including legal counsel, for advice prior to signing this Agreement. 

  

	 	7.	Miscellaneous. 

  
 

 

			
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	 	a.	You acknowledge that this Agreement constitutes the complete understanding between the Company and you regarding its subject matter and supersedes any and all prior written, and prior or contemporaneous oral,
agreements, understandings, and discussions, whether written or oral, between you and the Company, including the Employment Agreement; provided, however, that notwithstanding the foregoing, the Indemnification Agreement shall remain in full force
and effect in accordance with its terms. No other promises or agreements shall be binding on the Company unless in writing and signed by both the Company and you after the date of this Agreement. 

 

	 	b.	Nothing in this Agreement shall be construed to admit or imply that the Company or any Affiliate, or anyone associated with either, has acted wrongfully in any way, and all such claims are being specifically denied.

  

	 	c.	Both you and the Company agree that if either party breaches any term of this Agreement and either party successfully enforces any term/right under this Agreement through legal process of any kind (other than an action
regarding the waiver and release under the federal age Act or the Older Workers Benefit Protection Act), then the successful party shall be entitled to recover, from the other, its costs and expenses of such enforcement, including reasonable
attorney’s fees. You and the Company agree that Ohio law shall govern any dispute arising under this Agreement, that any legal action or proceedings with respect to this Agreement must be initiated in the state or federal court located in
Franklin County, State of Ohio, and that the Company and you hereby agree to subject themselves to the jurisdiction of the federal and state courts of Ohio with respect to any such legal action or proceedings. Notwithstanding the foregoing, with
respect to any action which includes injunctive relief, or any action for the recovery of any property, the Company may bring such action in any state or location which has jurisdiction. 

 

	 	d.	This Agreement is intended to comply with Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”), or an exemption thereunder, and shall be construed and administered in
accordance with Section 409A. Notwithstanding any other provision of this Agreement, payments provided under this Agreement may only be made upon an event and in a manner that complies with Section 409A or an applicable exemption. Any
payments under this Agreement that may be excluded from Section 409A either as separation pay due to an involuntary separation from service or as a short-term deferral shall be excluded from Section 409A either as separation pay due to an
involuntary separation from service or as a short-term deferral shall be excluded from Section 409A to the maximum extent possible. For purposes of Section 409A, each installment payment provided under this Agreement shall be treated as a
separate payment. Any payments to be made under this Agreement upon a separation of employment shall only be made upon a “separation from service” under Section 409A. Notwithstanding the foregoing, the Company makes no representations
that the payments and benefits provided under this Agreement comply with Section 409A, and in no event shall the Company be liable for all or any portion of any taxes, penalties, interest, or other expenses that may be incurred by you on
account of non-compliance with Section 409A. 

  

	 	e.	This Agreement may be executed in one or more counterparts, including emailed or telecopied facsimiles, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

  
 

 

			
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 THIS SEPARATION AGREEMENT AND RELEASE IS A LEGALLY BINDING DOCUMENT WITH IMPORTANT LEGAL CONSEQUENCES,
INCLUDING A RELEASE OF ALL CLAIMS, KNOWN AND UNKNOWN AGAINST THE COMPANY GROUP. YOU HAVE THE RIGHT TO REVOKE THIS AGREEMENT WITHIN SEVEN (7) CALENDAR DAYS AFTER SIGNING IT, BY DELIVERING WRITTEN NOTICE OF REVOCATION TO MS. LAURA
MACIAS, CHIEF HUMAN RESOURCES AND PUBLIC AFFAIRS OFFICER, COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY, OHIO 43054, USA. IT IS RECOMMENDED THAT YOU CONSULT YOUR OWN ATTORNEY BEFORE SIGNING THIS DOCUMENT. BY SIGNING
BELOW, YOU ACKNOWLEDGE THAT YOU HAVE READ, FULLY UNDERSTAND AND VOLUNTARILY AGREE TO ALL OF THE PROVISIONS CONTAINED IN THIS AGREEMENT AND RELEASE. 

YOU UNDERSTAND THAT, BY SIGNING THIS AGREEMENT AND RELEASE AND ACCEPTING THE CONSIDERATION DESCRIBED IN THIS AGREEMENT, YOU ARE FOREVER
GIVING UP THE RIGHT TO SUE ANY MEMBER OF THE COMPANY GROUP FOR ANY CLAIMS, OF ANY TYPE, THAT YOU MIGHT HAVE AGAINST ANY OF THEM, INCLUDING CLAIMS BASED ON YOUR EMPLOYMENT OR YOUR SEPARATION, THAT HAVE OCCURRED UP TO AND INCLUDING THE MOMENT YOU SIGN
THIS AGREEMENT, EXCEPT AS PROVIDED IN SECTION 4.b OF THIS AGREEMENT. 
 IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date(s)
set forth below. 
  

					
	Employee	 		  	Commercial Vehicle Group, Inc.
			
	 /s/ Richard P. Lavin
	 		  	 /s/ Roger L. Fix

	Richard P. Lavin	 		  	By: Roger L. Fix
		 		  	Member of the Board of Directors
			
	Date: November 20, 2015	 		  	Date: November 20, 2015Exhibit

                                                                          Avaya Inc. 
     211 Mt. Airy Road 
Basking Ridge, NJ 07920 USA

August 1, 2012

David Vellequette
13944 Fremont Pines Lane 
Los Altos Hills, CA 94022

Dear David,  
It gives me great pleasure to offer you a Senior Vice President position in Avaya Inc. In addition to confirming my offer, this letter sets out the terms and conditions of your employment and outlines the current major features of Avaya’s compensation and benefit plans, programs and practices under which you will be covered. 
Assumption of Duties: Effective on or about October 1, 2012, you will assume the role of SVP, Chief Financial Officer, reporting to me. Your office will be located at 4655 Great America Parkway, Santa Clara, CA 95054.  
Cash Compensation: 
Weekly Base Salary: Your annual base salary will be $575,000, paid weekly. Based on your hire date of October 1, 2012, you will receive your first paycheck on October 12, 2012 and at the end of each week thereafter. 
Short Term Incentive Plan: Avaya offers a Short Term Incentive Plan (STIP) which provides the opportunity a mid-year and year-end discretionary bonus for the fiscal year (Avaya’s fiscal year is from October 1 through September 30). You will be eligible for these discretionary bonus payments based on your individual performance and service time during the performance period. Your target annual bonus opportunity under the STIP is 90% of your base salary. Your actual bonus payment will ultimately be determined based on both company and individual performance and may be below, at, or above your target opportunity. In your first year, your bonus will be pro-rated to reflect your actual service during the fiscal year.
Avaya is a pay-for-performance company and is committed to providing significant pay opportunities for high levels of contribution. You will receive performance evaluations on a semi-annual basis in which your supervisor will review your results against objectives, key behaviors, contribution to Avaya and individual growth and development. 
Executive Committee 3 Year Performance Recognition: You will be eligible to participate in the Avaya Inc. Executive Committee 2011-2013 Performance Recognition Plan (the “EC3 Year LTIP”). Your total target opportunity under this program will be $575,000 for fiscal year 2013. 

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Your actual award will be the greater of $400,000 or the actual award earned based on achievement of the FY13 financial target established in the plan. 
The terms and conditions of the EC 3 Year LTIP will be communicated to you through the Plan document and the related award agreement, under separate cover. 
Sign-On Bonus: We will pay you a cash sign-on bonus in the amount of $400,000 less applicable taxes according to the following schedule: $200,000 to be paid in the final payroll of April 2013, and $200,000 to be paid in the final payroll of February 2014. These payments are conditioned upon your continued employment through the date the payment is due. If your employment is terminated for any reason prior to payment, you will be ineligible to receive any unpaid portion of this cash sign-on bonus. 
Stock Option Grant: Subject to approval by the Board of Directors or its delegate, you will be awarded options to purchase 500,000 shares of common stock of Avaya Holdings Corp, the parent company of Avaya. The strike price of these options will be determined by the Board of Directors or its delegate based on the fair market value of Avaya Holdings common stock at the earlier of the future valuation of, or an initial public offering with respect to Avaya Holdings common stock. This award will consist of stock options where:
		
	•
	65% of the options will vest 25% on each of the first, second, third and fourth anniversaries of the date of grant and 

		
	•
	35% of the options will vest based-on the return of Avaya’s majority stockholders receive on their initial investment in Avaya, following an exit event as defined by the equity plan. 

The specific terms of your award are contained in the Amended and Restated Avaya Holdings Corp. (formerly known as Sierra Holdings Corp.) 2007 Equity Incentive Plan and in the related individual award agreement, which exclusively control your stock options and supersede any other written or oral representations concerning your options, including this letter. Included with this letter as Appendix A and B are current versions of the plan and award agreement, which contain, among other things, post-employment provisions regarding Non-Disclosure, IP Assignment, Non-Solicitation and Non-Compensation. You will receive a final copy of the plan and the agreement after your award has been approved by the Board of Directors. You must be an employee of Avaya on the vesting dates specified in your award agreement to receive your award. 
Restricted Stock Units (RSUs): In addition to the stock option grant noted above, subject to approval by our Board of Directors, you will be awarded a grant of Restricted Stock Units (RSUs). The value of these RSUs is $600,000; the specific number of shares will be determined by the Board of Directors or its delegate based on the fair market value of Avaya Holdings common stock. Each RSU represents one share of common stock of Avaya Holdings Corp. The award will be governed by the terms and conditions of the Amended and Restated Avaya Holdings Corp. 2007 Equity Incentive Plan and your individual RSU Award Agreement.  In 

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addition, any shares received on vesting would be subject to the terms and conditions of a stockholders’ agreement, including restrictions on the sale or other permitted transfers of the issued shares. The RSUs will vest and become non-forfeitable annually over a four (4) year period, according to the following schedule: 25% of the RSUs will become vested on each of the first, second, third, and fourth anniversaries of the Grant Date. You must be an employee of Avaya on each vesting date in order for each respective portion of your award to vest. Included with this letter as Appendix C is the current version of the award agreement pertaining to the RSUs, which is subject to change at the Company’s sole discretion between the time of this letter and Board of Directors’ approval. 
Employee Benefit Plans:  Attachment B is a summary of benefits available to you under Avaya’s Executive and general employee benefits plans. For most plans, you will be covered immediately from the date of hire. 
Contingency of Offer: This offer of employment is contingent upon the successful completion of reference checks, a background check and a mandatory drug screen. A positive drug screen will automatically result in rescission of this offer. This Offer is also contingent upon your execution of the Employee Agreement regarding Intellectual Property and Proprietary Information, attached as Attachment C 
Benefit and Incentive Plan Terms:  The benefit and incentive plans, programs and practices briefly outlined in this letter, reflect their current provisions. Payments and benefits under these plans, programs and practices, as well as other payments referred to in this letter are subject to IRS rules and regulations with respect to withholding, reporting, and taxation, and will not be grossed-up unless specifically stated. The Company reserves the right to discontinue or modify any compensation, incentive, benefit, perquisite plan, program or practice at its sole discretion and without prior notice. Moreover, the very brief summaries contained herein are subject to the written terms of such plans, programs and practices, which supersede any other written or oral representations concerning such plans, programs and practices, including this letter. 
For purposes of the Executive and employee benefits plans, the definitions of includable compensation is set forth in the respective plans, and may be amended or modified at any time and without prior notice. No other compensation and payments reflected in this offer are included in the calculation of any employee or Executive benefits. You may consult with the respective summary plan descriptions, which are available on request, for specific plan information. 
There may be other benefits at Avaya that include certain non-solicitation obligations, e.g. equity grants, that are not meant to conflict with this offer letter. In case of any conflict between the provisions of this letter and the provisions of any other applicable benefit plan program or agreement in which you participate, the obligations set forth in such benefit plan, program or agreement shall govern. 

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Employment At-Will: This letter is neither an express nor implied contract for continued employment or employment for a specific length of time. Your employment with Avaya will be “At-Will.” This means that you have the right to terminate your employment at any time and for any reason. Likewise, Avaya may terminate your employment at any time and for any reason. 
Prior Representation: By acceptance of this offer you further agree that this offer supersedes and completely replaces any prior oral or written communications or representations concerning or relating to your employment with Avaya. 
If you agree to the foregoing terms and conditions of employment, and affirm that there are no agreements or other impediments that would prevent you from provide exclusive service to Avaya, please sign this letter by August 15, 2012 in the space provided below. Please fax the signed letter, as well as the signed Employee Agreement, to Ashley Holland of our Executive Staffing Group at (908) 953-3317, or sign, scan and email to akholland@avaya.com. Also, assuming your acceptance of our offer, you will receive an email from Carol Bonura to initiate the background check process through HireRight.  
David, I feel the package we have developed for you is attractive and anticipates that you will make a critical contribution to Avaya.  As a Company, we have never been better positioned to take full advantage of the opportunities for growth and success in the marketplace. I look forward to having you join us. If you have any questions, please do not hesitate to call me. 

Sincerely, 

___/s/ Kevin J. Kennedy_________

                                                                          Avaya Inc. 
     211 Mt. Airy Road 
Basking Ridge, NJ 07920 USA

Kevin J. Kennedy
President & Chief Executive Officer

_____/s/ David Vellequette_______                _____8/10/12_________
Acknowledged and Agreed to:                     Date
David Vellequette

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