Document:

Becky Iliff Offer Letter

 Exhibit 10.21 

 

			
	 Sears Holdings Management Corporation
 3333 Beverly Road
 Hoffman Estates, IL 60179
	  	 Sears Hometown and Outlet Stores, Inc.
 3333 Beverly Road
 Hoffman Estates, IL 60179

 July 17, 2012 
 Ms. Becky Iliff 
 1510 W. Cullom Ave. 
 Chicago, IL 60613 
 Dear Becky, 
 We are pleased to extend to you our offer to join Sears Holdings Corporation (“SHC”) as Vice President, Human Resources of Sears Hometown and Outlet Stores, Inc. (“SHO”). Prior to the
effective date of the spin-off of SHO (“Spin-off”), you will report to Bruce Johnson, Executive Vice President, Off-Mall Businesses of SHC. Your start date is to be determined. This letter serves as confirmation of our offer, on behalf of
SHO, subject to the contingencies listed below. 
 The key elements of your compensation package are as follows: 

 

	 	•	 	 Annual base salary at a rate of $240,000. 

  

	 	•	 	 Participation in the Sears Hometown and Outlet Stores, Inc. Annual Incentive Plan (“SHO AIP”) with an annual incentive opportunity of 50% of
your base salary. Your target incentive under the 2012 SHO AIP will be prorated from your start date through February 2, 2013, the last day of SHC’s 2012 fiscal year. Any incentive payable with respect to a fiscal year will
be paid by April 15th of the following fiscal year, provided that you are actively employed at the payment date. Further details regarding your 2012 SHO AIP target award will be provided to you following the later of your start date and
the approval of the 2012 SHO AIP. 

  

	 	•	 	 Participation in the Sears Hometown and Outlet Stores, Inc. Long-Term Incentive Program (“SHO LTIP”). SHO, like SHC, intends to provide
annual LTIP awards to its executives. You will first become eligible to participate in an LTIP starting with the 2012 SHO LTIP when finalized and approved by the SHO Board of Directors. Further details regarding your 2012 SHO LTIP target award will
be provided to you following the approval of the 2012 SHO LTIP. 

  

	 	•	 	 You will receive a one-time sign-on bonus of $25,000 (gross). This sign-on bonus will be payable within thirty (30) days following your start
date. In the event you voluntarily terminate your employment with SHC prior to the Spin-off or with SHO following the Spin-off, or are terminated by SHC or SHO for misconduct or integrity issues, in either case within twenty four (24) months of
your start date, you will be required to repay the full amount of the payment paid to you, including any taxes withheld, unless prohibited by law, to SHC (or SHO if termination occurs after the Spin-off) within thirty (30) days of your last day
worked. 

  

	 	•	 	 You will be eligible to receive a special cash retention bonus of $150,000 (gross). This special bonus will be scheduled to vest on a graded basis,
with one-third of the bonus vesting and becoming payable as soon as administratively possible following each of the first, second and third anniversaries of your start date, provided you are actively employed on the applicable payment date.

 Ms. Becky Iliff 
 July 17, 2012 
 Page 2 

 

	 	•	 	 You represent and warrant to SHC that (a) as of your start date with SHC, you are not subject to any obligation, written or oral, containing any
non-competition provision or any other restriction (including, without limitation, any confidentiality provision) that would result in any restriction on your ability to accept and perform this or any other position with SHC or any of its
affiliates, including SHO, and (b) you are not (i) a member of any board of directors, board of trustees or similar governing body of any for-profit, non-profit or not-for-profit entity, or (ii) a party to any agreement, written or
oral, with any entity under which you would receive remuneration for your services, except as disclosed to and approved by SHC in advance of your start date. You agree that you will not (A) become a member of any board or body described in
clause (b)(i) of the preceding sentence or (B) become a party to any agreement described in clause (b)(ii) of the preceding sentence, in each case without the prior written consent of SHC pre-Spin-off or SHO post-Spin-Off, such consent not to
be unreasonably withheld. Further, you agree you will not disclose or use, in violation of an obligation of confidentiality, any information that you acquired as a result of any previous employment or otherwise. 

 

	 	•	 	 You will be required to sign an Executive Severance Agreement (“Agreement”). If your employment with SHC is terminated by SHC (other
than for Cause, death or Disability) or by you for Good Reason (as such capitalized terms are defined in the Agreement), you will receive six (6) months of salary continuation, equal to your base salary at the time of termination, subject to
mitigation. Under the Agreement, you agree, among other things, not to disclose confidential information and for twelve (12) months following termination of employment not to solicit employees. You also agree not to aid, assist or render
services for any “Sears Competitor” or “Sears Vendor” (as such terms are defined in the Agreement) for six (6) months following termination of employment. The non-disclosure, non-solicitation, non-compete and
non-affiliation provisions apply regardless of whether you are eligible for severance benefits under this Agreement. This offer is contingent upon you signing this Agreement. This Agreement with SHC will be assigned to and assumed by SHO effective
as of the Spin-off in, accordance with Section 20 of the Agreement.

  

	 	•	 	 You will be eligible to receive four (4) weeks paid vacation, which will be pro-rated during your first year of service based on your start date.
Added to this, you will qualify for six (6) paid National Holidays each year. You also will be eligible for up to four (4) personal days per year, after completing six (6) months of service. 

 

	 	•	 	 You will be eligible to participate in all retirement, health and welfare programs on a basis no less favorable than other SHO executives at your
level, in accordance with the applicable terms, conditions and availability of those programs. 

  

	 	•	 	 This offer also is contingent upon satisfactory completion of a background reference check, employment authorization verification and pre-employment
drug test. 

 Becky, we are excited about the important contributions you will make to the company and look forward to your
acceptance of our offer. If you need additional information or clarification, please call. 

  

 Ms. Becky Iliff 
 July 17, 2012 
 Page 3 

 

 This offer will expire if not accepted within one week from the date of this letter. To accept, sign
below and return this letter along with your signed Executive Severance Agreement to my attention. 
  

					
			
	Sears Holdings Management Corporation	 		 	Sears Hometown and Outlet Stores, Inc.
			
	/s/ Dean Carter	 		 	/s/ Robert Riecker
	Dean Carter	 		 	Robert Riecker
	Vice President, Talent & Human Capital Services	 		 	Interim Financial Officer
		 		 	
		 		 	
	Enclosures	 		 	
		 		 	
		 		 	
	Accepted:	 		 	
			
	/s/ Becky Iliff	 		 	 7/18/12

	Becky Iliff	 		 	DateEX-10.2

 Exhibit 10.2 
 SEPARATION OF EMPLOYMENT AGREEMENT AND GENERAL RELEASE 
 THIS SEPARATION OF EMPLOYMENT AGREEMENT AND GENERAL RELEASE (the “Agreement”) is made this 27th day of April 2012, by and between Atkore International Inc. (“Company”) and James Pinto
(“Employee”). 
 WHEREAS, Employee is employed by the Company as Global Vice President Operations & Supply
Chain; and 
 WHEREAS, the Company is restructuring its business and is eliminating Employee’s job position; and

 WHEREAS, Employee’s employment with the Company will terminate effective May 4, 2012 (“Separation Date”);
and 
 WHEREAS, the Company has offered to provide Employee with separation benefits in exchange for Employee’s acceptance
and compliance with the terms of this Agreement. 
 NOW, THEREFORE, IT IS HEREBY AGREED by and between Employee and the Company
as follows: 
 1. Consideration. (a) Separation Pay. The Company will provide Employee with separation
pay in the amount of $145,000 (which is equivalent to twenty-six (26) weeks of Employee’s current base salary), less applicable withholding taxes and FICA. The separation pay will be paid in bi-weekly direct deposit payments on the dates
corresponding to the Company’s standard payroll practices, provided Employee complies with the terms of this Agreement. No payments shall be made until the seven (7) day revocation period described in paragraph 13 of this Agreement has
expired and this Agreement becomes legally binding. Employee understands and agrees that the payments, benefits and agreements provided in this Agreement are over and above the benefits to which Employee would otherwise be entitled by law, contract
or the under the policies and practices of Company, and that this consideration is being provided in exchange for Employee’s entering into and complying with the terms of this Agreement. 

(b) Annual Incentive Bonus. The Company will provide Employee with pro-rata payment of his 2010 annual incentive bonus at the
target level set forth in the applicable annual incentive bonus plan. 
 (c) Medical, Prescription Drug, Dental and Health
Care Flexible Spending Account Benefits. Employee shall be able to continue to receive the medical, prescription drug, dental and/or health care flexible spending account coverage, if any, Employee had in place before Employee’s Separation
Date (or generally comparable coverage) provided Employee actively enrolls for COBRA coverage within 60 days of receiving their initial COBRA notice. The cost for COBRA coverage during the 26 week period represented by Employee’s Separation Pay
(“Separation Pay Period”) will be equal to the amount that active employees are required to pay to the Company for similar coverage. Employee will receive election forms and other notices regarding this COBRA coverage from the
Company’s third-party administrator, ADP. 

 
Employee shall be responsible for completing the COBRA election forms and paying the specified amount to initiate and to continue COBRA coverage during the Separation Pay Period. Employee’s
failure to complete the necessary forms or to pay the specified amount shall result in the cessation of the applicable medical, prescription drug, dental and/or health care flexible spending account coverage for Employee and Employee’s spouse
or domestic partner and dependents. The medical, prescription drug, dental and/or health care flexible spending account coverage will be for Employee and, where applicable, Employee’s spouse or domestic partner and dependents, under similar
rights afforded to employees of the Company generally. Upon expiration of the Separation Pay Period, Employee’s coverage as described above will cease. Employee may have rights to continue medical and dental coverage for any remaining time
afforded under Employee’s COBRA rights but at the full COBRA premium permitted under the plans. Any questions regarding these plans should be directed to the COBRA administrator, ADP, at 800-526-2720 (www.benedirect.adp.com) 

(d) Equity Awards. The Company agrees to pay Employee the gross sum of $250,000 to re-purchase the 25,000 shares of Company stock
that Employee purchased pursuant to the terms of the Company’s Stock Incentive Plan. Such payment shall be made within thirty (30) days after the Separation Date via check or wire transfer to Employee’s designated bank account.
Employee agrees that the re-purchase price of $10.00 per share is equal to the price at which Employee purchased such shares and represents the fair market value of the shares as of the Separation Date. All vested stock options held by the Employee
as of the Separation Date will be treated in accordance with the terms of the applicable plan and/or individual option agreements under which such grants were issued. To confirm the number of stock options available to Employee, the remaining
exercise period or to exercise any vested stock options, Employee may call UBS at 877-461-7802 or visit the UBS website at www.ubs.com/onesource/tel. Employee shall be solely responsible for any tax liability arising from the repurchase of shares or
the exercise of any options. In the event of any conflict between the terms of this Agreement and the relevant stock plan document, the plan document shall govern. 
 (e) Outplacement Assistance. The Company shall pay the cost of outplacement services provided by BPI Group to assist Employee with his career transition for a period of one year from the Separation
Date. The vendor and specific program shall be determined by the Company. In accordance with Company policy, cash will not be paid in lieu of outplacement services. 
 (f) Retirement Savings and Investment Plan. Contributions to the Company’s Retirement Savings and Investment Plan (“RSIP”) shall cease as of Employee’s Separation Date. To
request changes to Employee’s RSIP account(s) or to obtain additional information, Employee should call Atkore Employee Service Center at 1-877-964-4333. 
 RSIP contributions and loan repayments will cease as of Employee’s Separation Date. If Employee has an outstanding loan under the RSIP, Employee will have ninety (90) days from the Separation
Date to repay in full the outstanding loan balance and finance charges in order to avoid current taxation on the amount of the loan. Should the repayment not occur, the RSIP will consider Employee to be in default of the loan and the outstanding
amount of the loan will be treated as a distribution to Employee. The distribution would be currently taxable under 

  
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applicable Internal Revenue Service rules. In the event that Employee elects not to repay the loan, Employee may avoid current taxation by making a rollover contribution of the outstanding loan
balance to an Individual Retirement Account (“IRA”) in accordance with applicable tax law. 
 (g) Life
Insurance. Employee’s life insurance coverage will end on the last day of the month during which Employee is last actively at work for the Company, or as otherwise provided by the plan document. Employee may be eligible to convert basic
term life, personal and family accident, accidental death and dismemberment, and supplemental life policies to individual policies. Conversion information is available by contacting Prudential at (800) 778-3827. Employee must apply and pay the
first conversion premium within 31 days of the end of such coverage, if such conversion is available. Employee’s business travel accident insurance coverage will end on Employee’s last active day at work, and there is no conversion
available for this coverage. 
 (h) Disability Insurance and Sick Pay. Employee’s disability insurance coverage will
end on Employee’s Separation Date. Sick pay will not be granted after Employee’s last active day at work. 
 (i)
Return of Company Property. Employee is required to return all Company property on or prior to the Separation Date. Company property includes, but is not limited to, security badges, office keys, computers, laptops, cellular telephones,
Blackberry and other hand-held electronic devices, software, diskettes, compact disks, product samples, cases, company files and records, brochures, papers, notes, and other documents, and all copies of same, relating to the Company, its business,
customers or suppliers, that Employee has acquired by virtue of Employee’s employment. As of the Separation Date, the Company will make arrangements to remove, terminate or transfer any and all business communication lines including network
access, cellular phone, fax line and other business numbers. 
 (j) Other Benefits. Employee shall receive any amounts
earned, accrued or owing but not yet paid to Employee as of Employee’s Separation Date, including, but not limited to, unused accrued vacation, and unpaid base salary earned by Employee through the Separation Date, payable in a lump sum. Any
benefits accrued or earned will be distributed in accordance with the terms of the applicable benefit plans and programs of the Company. 
 (k) Tax Status of Benefits. In the event that provision of any of the benefits listed above would adversely affect the tax status of the applicable plan or benefits, the Company, in its sole
discretion, may elect to pay to Employee cash in lieu of such coverage in an amount equal to the Company’s contribution or average cost of providing such coverage. 
 (l) Total Benefits. After the date of this Agreement, Employee will not be eligible to receive any other salary, bonus or benefits from the Company other than as provided in this paragraph 1.

 (m) Reduction of Separation Pay. The Company reserves the right to make deductions in accordance with applicable law
for any monies owed to the Company by Employee or the value of the Company property that Employee has retained in his/her possession. 

  
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 (n) Supplemental Savings and Retirement Plan (SSRP). If
applicable, Employee’s participation in the SSRP will cease on Employee’s Separation Date. The portion of Company contributions which have not vested as of the Employee’s Separation Date will be forfeited. Employee will be paid out
according to the elections made under the plan, provided Employee’s account balance is at least $5,000, otherwise Employee’s account balance will be paid out in a lump sum. Payments are subject to plan provisions and will occur on the
February 28th following Employee’s Separation
Date. If Employee has any questions regarding Employee’s balance under the SSRP, Employee should call Atkore Employee Service Center at 1-877-964-4333. 

(o) Deferred Compensation Plan (DCP). If applicable, payment of Employee’s Tyco Deferred Compensation
Plan grandfathered account balance now maintained under the SSRP will be made according to the terms and provisions of the Deferred Compensation Plan, as in effect on December 31, 2004. Payments are subject to plan provisions and will occur on
the February 28th following Employee’s
Separation Date. If Employee has any questions regarding Employee’s grandfathered DCP balance under the SSRP, Employee should call Atkore Employee Service Center at 1-877-964-4333. 

(p) Supplemental Executive Retirement Plan (SERP). If Employee participated in the SERP, payment of the SERP account will be based
on Employee’s irrevocable election. If no election is on file, payment will be made in a lump sum on the last day of the quarter following Employee’s Separation Date, or as soon as administratively practicable thereafter. For installment
elections, payments begin on January 1 following Employee’s Separation Date or as soon as administratively practicable thereafter. All subsequent installment payments are paid out during the same time frame in future years subject to plan
provisions. If Employee has any questions regarding Employee’s balance under the SERP, Employee should call Employee Atkore Employee Service Center at 1-877-964-4333. 
 (q) Tyco Employee Stock Purchase Plan. The Employee Stock Purchase Plan (“ESPP”) was suspended as of July, 2009. Shares purchased under the ESPP from January, 2008 through July, 2009
were deposited into accounts at BNY Mellon. These shares can be accessed by contacting BNY Mellon at BNY Mellon Shareowner Services, 480 Washington Blvd., Jersey City, NJ 07310, 201-680-6578 or 800-685-4509, shrrelations@bnymellon.com. Shares
purchased prior to this time were deposited into accounts at UBS. These shares can be viewed at www.ubs.com/onesource/xxx. The “xxx” is the ticker symbol of the company—TYC for Tyco International; TEL for Tyco Electronics
and COV for Covidien. Employee may have accounts in all three companies. The phone number to contact UBS is 877-785-8926 or 201-272-7611. 
 2. Release and Waiver. (a) Employee, in exchange for the consideration set forth in paragraph 1 of this Agreement, and intending to be legally bound, does hereby REMISE, RELEASE AND
FOREVER DISCHARGE the Company, its parent and affiliates, and each of their present and former officers, directors, employees, and agents, and its and their respective successors and assigns, heirs, executors, attorneys and administrators
(collectively, “Releasees”) 

  
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from all causes of action, suits, debts, claims and demands whatsoever in law or in equity, which Employee ever had, now has, or hereafter may have, whether known or unknown, or which
Employee’s heirs, executors, or administrators may have, by reason of any matter, cause or thing whatsoever, from the beginning of Employee’s employment to the date of execution of this Agreement, and particularly, but without limitation
of the foregoing general terms, any claims arising from or relating in any way to Employee’s 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 claims arising under any applicable Company severance plan(s), the Age Discrimination in Employment Act, the Older Workers’ Benefit Protection Act, Title VII of The Civil Rights Act of 1964, the Americans with
Disabilities Act, the Employee Retirement Income Security Act of 1974, the Family and Medical Leave Act, the Fair Labor Standards Act, the Worker Adjustment and Retraining Notification Act, the Illinois Human Rights Act, the Illinois Wage Payment
and Collection Act, the Cook County Human Rights Ordinance, as amended, and any other claims under any federal, state or local common law, statutory, or regulatory provision, now or hereafter recognized, and any claims for attorneys’ fees and
costs. This Agreement is effective without regard to the legal nature of the claims raised and without regard to whether any such claims are based upon tort, equity, implied or express contract or discrimination of any sort. 

(b) To the fullest extent permitted by law, and subject to the provisions of paragraph 3(d) below, Employee represents and affirms that
(i) Employee has not filed or caused to be filed on Employee’s behalf any claim for relief against the Company or any Releasee and, to the best of Employee’s knowledge and belief, no outstanding claims for relief have been filed or
asserted against the Company or any Releasee on Employee’s behalf; and (ii) Employee has no knowledge of any improper, unethical or illegal conduct or activities that Employee has not already reported to any supervisor, manager, department
head, human resources representative, agent or other representative of the Company, to any member of the Company’s legal or compliance departments, or to the ethics hotline; as of the Separation Date; and (iii) Employee will not file,
commence, prosecute or participate in any judicial or arbitral action or proceeding against the Company or any Releasee based upon or arising out of any act, omission, transaction, occurrence, contract, claim or event existing or occurring on or
before the date of execution of this Agreement. 
 (c) The release of claims described in paragraphs 2(a) and (b) of this
Agreement does not preclude Employee from filing a charge with the U.S. Equal Employment Opportunity Commission. However, Employee agrees and hereby waives any and all rights to any monetary relief or other personal recovery arising from any such
charge, including costs and attorneys’ fees. Additionally, this release of claims does not preclude Employee from filing claims that arise after the date of execution of this Agreement. 

(d) Subject to the provisions of paragraph 2(c) of this Agreement, in further consideration of the payments described in paragraph 1,
Employee agrees that Employee will not file, claim, sue or cause or permit to be filed, any civil action, suit or legal proceeding seeking equitable or monetary relief (including damages, injunctive, declaratory, monetary or other relief) for
himself or herself involving any matter released in paragraph 2. In the event that suit is filed in breach of this release of claims, it is expressly understood and agreed that this release of claims shall constitute a complete defense to any such
suit. In the event any Releasee is 

  
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required to institute litigation to enforce the terms of this paragraph, Releasee shall be entitled to recover reasonable costs and attorneys’ fees incurred in such enforcement. Employee
further agrees and covenants that should any person, organization, or other entity file, claim, sue, or cause or permit to be filed any civil action, suit or legal proceeding involving any matter occurring at any time in the past, Employee will not
seek or accept personal equitable or monetary relief in such civil action, suit or legal proceeding. Nothing in this Agreement shall prohibit or restrict Employee from: (i) making any disclosure of information required by law;
(ii) providing information to, or testifying or otherwise assisting in any investigation or proceeding brought by any federal regulatory or law enforcement agency or legislative body, any self-regulatory organization, or the Company’s
designated legal, compliance or human resources officers; or (iii) filing, testifying, participating in or otherwise assisting in a proceeding relating to an alleged violation of any federal, state or municipal law relating to fraud, or any
rule or regulation of the Securities and Exchange Commission or any self-regulatory organization. 
 3. Confidentiality
and Restrictive Covenants. (a) Employee agrees that Employee shall not, directly or indirectly, use, make available, sell, disclose or otherwise communicate to any person, other than in the course of Employee’s assigned duties and
for the benefit of the Company, at any time after the Separation Date, any nonpublic, proprietary or confidential information, knowledge or data relating to the Company, any of its subsidiaries, affiliated companies or businesses, which shall have
been obtained by Employee during Employee’s employment by the Company or a subsidiary. The foregoing shall not apply to information that (i) was known to the public prior to its disclosure to Employee; (ii) becomes known to the public
subsequent to disclosure to Employee through no wrongful act of Employee or any representative of Employee; or (iii) Employee is required to disclose by applicable law, regulation or legal process (provided that Employee provides the Company
with prior notice of the contemplated disclosure and reasonably cooperates with the Company at its expense in seeking a protective order or other appropriate protection of such information). Notwithstanding clauses (i) and (ii) of the
preceding sentence, Employee’s obligation to maintain such disclosed information in confidence shall not terminate where only portions of the information are in the public domain. 

(b) Non-Competition. For a period of one (1) year after the Separation Date, Employee agrees that Employee will not, directly
or indirectly, own, operate or provide services as an employee, consultant, officer, director, independent contractor or any other capacity, to any person, firm, corporation or entity that operates, owns or engages in operations that produce or
provide products or services that are the same or substantially similar to the products and services provided by Company, including but not limited to, John Maneely Group (including Wheatland tube/Atlas Tube), Republic Conduit, Western
Tube & Conduit, Encore Wire, Southwire, Northern Cables, United Copper, CME, Cerro, Cooper (B-Line), Bull Moose Tube, U.S. Steel, Reliance Steel, Schnitzer Steel and Allegheny Technologies. 

(c) Non-Solicitation. For a period of two (2) years after the Separation Date, Employee agrees that Employee will not,
directly or indirectly, individually or on behalf of any other person, firm, corporation or other entity, knowingly solicit, aid or induce: (i) any employee of the Company or any of its subsidiaries or affiliates to leave such employment in
order to accept employment with or render services to or with any other person, firm, corporation or other entity unaffiliated with the Company or knowingly take any action to assist or aid any other

  
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person, firm, corporation or other entity in identifying or hiring any such employee; (ii) 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; or (ii) any supplier or vendor
of the Company or any of its subsidiaries or affiliates to cease providing products or services to Company or terminate their supplier relationship with the Company, or assist or aid any other person or entity in interfering with the supply chain of
Company or any of its subsidiaries or affiliates. 
 (d) Reasonableness. Employee acknowledges that the restrictions
contained in this paragraph 3 are reasonable and necessary to protect the legitimate interests of the Company that the Company would not have executed this Agreement in the absence of such restrictions, and that any violation of any provision of
this paragraph will result in irreparable injury to the Company. By executing this Agreement, Employee represents that Employee’s experience and capabilities are such that the restrictions contained in this paragraph 3 will not prevent Employee
from obtaining employment or otherwise earning a living at the same general level of economic benefit as is currently the case. Employee further represents and acknowledges that (i) Employee has been advised by the Company to consult with legal
counsel of Employee’s choosing with respect to this Agreement, and (ii) that Employee has had full opportunity, prior to executing this Agreement, to review thoroughly this Agreement with counsel. In the event the provisions of this
paragraph 3 shall ever be deemed to exceed the time, scope or geographic limitations permitted by applicable laws, then such provisions shall be reformed to the maximum time, scope or geographic limitations, as the case may be, permitted by
applicable laws. 
 (e) Survival of Provisions. The obligations contained in paragraphs 1, 2, 3, 4, 5, 6, 8, 9 and 10,
and any other paragraph that contains obligations to be performed following the termination of Employee’s employment with the Company, shall survive such termination and shall be fully enforceable thereafter. 

4. No Rehire Rights. Employee further agrees and recognizes that Employee has permanently and irrevocably severed
Employee’s employment relationship with the Company, and that the Company has no obligation to employ, or retain the services of Employee in the future. 
 5. Non-Disparagement. Employee agrees that Employee will not disparage or subvert the Company, or make any statement reflecting negatively on the Company, its affiliated corporations or
entities, or any of their present or former officers, directors, employees, agents or representatives, including, but not limited to, any matters relating to the operation or management of the Company, Employee’s employment and the termination
of Employee’s employment, irrespective of the truthfulness or falsity of such statement. Company agrees that its response to inquiries from Employee’s prospective employers will be limited solely to Employee’s dates of employment,
last job title and final salary rate. 
 6. Non-Disclosure. Subject to the provisions of paragraphs 3(c), Employee
agrees not to disclose the terms of this Agreement to anyone, except his/her spouse, attorney and, as necessary, tax/financial advisor, provided they agree to be bound by this confidentiality obligation. It is expressly understood that any violation
of the confidentiality obligation imposed hereunder constitutes a material breach of this Agreement. 

  
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 7. Corporate Records. Employee warrants that after the Separation Date,
Employee will not have in Employee’s possession any records and business documents, whether on computer or hard copy, and other materials (including but not limited to originals or copies of computer disks and tapes, computer programs and
software, office keys, correspondence, files, customer lists, technical information, customer information, pricing information, business strategies and plans, sales records) (collectively, the “Corporate Records”) provided by the Company
and/or its predecessors, subsidiaries or affiliates or obtained as a result of Employee’s prior employment with the Company and/or its predecessors, subsidiaries or affiliates, or created by Employee while employed by or rendering services to
the Company and/or its predecessors, subsidiaries or affiliates. Employee acknowledges that all such Corporate Records are the property of the Company and that Employee has returned all Corporate Records to the Company. 

8. No Admission. Employee and Company agree and acknowledge that the negotiation and execution of this Agreement and any
actions taken in fulfillment of representations or obligations described herein, do not constitute an admission by either party of wrongdoing or liability of any kind. 
 9. Remedies. (a) Employee agrees and recognizes that in the event Employee breaches any of the obligations or covenants set forth in this Agreement, the Company will have no further
obligation to provide Employee with the consideration set forth in paragraph 1, and will have the right to seek repayment of some of the consideration paid up to the time of any such breach. Further, Employee acknowledges in the event of a breach of
this Agreement, Releasees may seek any and all appropriate relief for any such breach, including equitable relief and/or money damages, attorneys’ fees and costs. 
 Employee further agrees that the Company shall be entitled to preliminary and permanent injunctive relief, without the necessity of proving actual damages, as well as to an equitable accounting of all
earnings, profits and other benefits relating to or arising out of violation of the paragraph 3 of this Agreement, which rights shall be cumulative and in addition to any other rights or remedies to which the Company may be entitled. 

10. Governing Law. This Agreement and the obligations of the parties hereunder shall be construed, interpreted and enforced
in accordance with the laws of the State of Illinois, excluding its conflict of laws rules, and Employee and Company agree to submit to personal jurisdiction in Illinois and to venue in its federal and state courts. 

11. Legal Representation. Employee certifies and acknowledges that: (a) Employee has read the terms of this Agreement,
and that Employee understands its terms and effects, including the fact that Employee has agreed to RELEASE AND FOREVER DISCHARGE the Company and each and every one of its affiliated entities from any legal action arising out of Employee’s
employment relationship with the Company and the termination of that employment relationship; 

  
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 (b) Employee has signed this Agreement voluntarily and knowingly in exchange for the
consideration described herein, which Employee acknowledges is adequate and satisfactory to Employee and which Employee acknowledges is in addition to any other benefits to which Employee is otherwise entitled; 

(c) Employee has been and is hereby advised in writing to consult with an attorney prior to signing this Agreement; 

(d) Employee does not waive rights or claims that may arise after the date this Agreement is executed; 

12. Consideration Period. Employee understands and agrees that he has been given twenty-one (21) calendar days from
receipt of this Agreement to consider whether to sign it. If Employee does not deliver a signed copy of this Agreement to the Company’s Vice President of Human Resources by the close of business (5:00 pm Central Time) on the twenty-first day
after receipt of this Agreement, the offer contained in this Agreement is automatically withdrawn. Employee and Company agree that no proposed or actual change in the terms presented in this Agreement, material or immaterial, shall extend or
recommence the consideration period. 
 13. Revocation Period. Employee may revoke this Agreement within seven
(7) calendar days after Employee’ signs it and this Agreement shall not become legally binding. Any revocation within this period must be submitted, in writing and state, “I hereby revoke my acceptance of our Separation
Agreement.” The revocation must be delivered to the Vice President of Human Resources and be postmarked within seven (7) calendar days of Employee’s execution of this Agreement. If the last day of the revocation period is a Saturday,
Sunday, or legal holiday in the state in which Employee resides, then the revocation period shall not expire until the next following day which is not a Saturday, Sunday, or legal holiday. In the event of a timely revocation by Employee, this
Agreement will be deemed null and void and the Company will have no obligations hereunder. 
 14. Section 409A
Compliance. With respect to any benefits provided under this Agreement that are subject to Section 409 A of the Internal Revenue Code of 1986, as amended (“Section 409”), it is intended that the terms of this Agreement comply
with the terms and conditions of Section 409A and the regulations and guidance promulgated thereunder and all provisions of this Agreement shall be construed in a manner consistent with the requirements for avoiding taxes or penalties under
Section 409A. As such: 
 (a) a termination of employment shall not be deemed to have occurred for purposes of any
provision of this Agreement providing for any payment or distribution upon or following a termination of employment unless such termination is also a “separation from service” within the meaning of Section 409A and Treas. Reg.
§1.409A-1(h) and, for purposes of any such provision of this Agreement, references therein to a “termination”, “termination of employment” or like terms shall mean “separation from service”; 

  
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 (b) if any amount payable under this Agreement is to be paid in two or more installments,
for purposes of Section 409A, each installment shall be treated as a separate payment; 
 (c) notwithstanding anything
herein to the contrary, except to the extent any expense or reimbursement does not constitute a “deferral of compensation” within the meaning of Section 409A, any expense or reimbursement described in this Agreement shall meet the
following requirements (i) the amount of expenses eligible for reimbursement provided to the undersigned in any calendar year will not affect the amount of expenses eligible for reimbursement provided to the undersigned in any other calendar
year; (ii) the reimbursements for expenses for which the undersigned is entitled to be reimbursed shall be made on or before the last day of the calendar year following the calendar year in which such expense is incurred; (iii) the right
to payment or reimbursement or in-kind benefits hereunder may not be liquidated or exchanged for any other benefit; (iv) the reimbursements shall be made pursuant to objectively determinable and nondiscretionary Company policies and procedures
regarding such reimbursements. 
 15. Entire Agreement. Employee acknowledges and agrees that the Company
previously has satisfied any and all obligations owed to Employee under any employment agreement or offer letter Employee has with the Company and, further, that this Agreement fully supersedes any prior agreements or understandings, whether written
or oral, between the parties. Employee acknowledges that, except as set forth expressly herein, neither the Company, the Releasees, nor their agents or attorneys have made any promise, representation or warranty whatsoever, either express or
implied, or written or oral. 
 16. Severability. If any provision(s) of this Agreement is deemed to be invalid or
unlawful by any court of competent jurisdiction, such provision shall be deemed severe and the remaining provisions of this Agreement shall be enforced to the fullest extent permitted by law. 
 BY SIGNING THIS AGREEMENT, EMPLOYEE ACKNOWLEDGES THAT HE: (i) HAS READ AND UNDERSTANDS ALL OF THE PROVISIONS OF THIS AGREEMENT; (ii) HAS BEEN ADVISED IN WRITING OF HIS RIGHT TO CONSULT WITH
AN ATTORNEY OF HIS CHOOSING PRIOR TO EXECUTING THIS AGREEMENT; (iii) HAS SIGNED THIS AGREEMENT VOLUNTARILY AND OF EMPLOYEE’S OWN FREE WILL. 
  

									
	JAMES PINTO	 		 	ATKORE INTERNATIONAL INC.
				
	  
	 		 	By:	 	  

	Signature	 		 		 		 	
		 		 		 		 	

  

											
						
	Date:	 	  
	 		 		 	Date:	 	  

  
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