SEC Contract Filing

Filing Date: 2020-05-06

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>2
<FILENAME>a102separationagreement.htm
<DESCRIPTION>EXHIBIT 10.2
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<div><a name="s4C6B5F932D1151BF926FC6DA0A281408"></a></div><div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Exhibit 10.2</font></div></div><div><br></div><div style="line-height:100%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">SEPARATION AGREEMENT, WAIVER AND RELEASE</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">THIS SEPARATION AGREEMENT, WAIVER AND RELEASE (the "Agreement") is made as of the 10th of January 2020, by Brian Boutte, ("Boutte"), GrafTech International Holdings Inc. and each and every one of its predecessors, successors, parents, direct and indirect subsidiaries, affiliates, related entities, partners, officers, directors, agents and employees (collectively referred to as "GrafTech" or "the Company"). Boutte and the Company are sometimes referred to herein collectively as the "Parties" and individually as a "Party."</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">BACKGROUND</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">WHEREAS, </font><font style="font-family:inherit;font-size:12pt;">Boutte was employed by the Company for a period of time as an at-will employee; </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">WHEREAS</font><font style="font-family:inherit;font-size:12pt;">, the Company has decided to end their relationship as employer and at-will employee (hereinafter "Employment"); and</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">WHEREAS</font><font style="font-family:inherit;font-size:12pt;">, Boutte and the Company do not anticipate that there will be any disputes between them or legal claims arising out of Boutte's separation from Employment with the Company, but nevertheless desire to ensure an amicable parting and to settle fully and finally any and all differences and claims that might otherwise arise out of Boutte's Employment with the Company and the separation from his Employment with the Company.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">NOW, THEREFORE</font><font style="font-family:inherit;font-size:12pt;">, and in consideration of the mutual promises contained herein, and for other good and valuable consideration, the adequacy and sufficiency of which are hereby acknowledged, the Parties agree as follows:</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">AGREEMENT</font><font style="font-family:inherit;font-size:12pt;">:</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;</font></div><div style="line-height:100%;padding-bottom:16px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Section 1</font><font style="font-family:inherit;font-size:12pt;">. &#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Termination</font><font style="font-family:inherit;font-size:12pt;">. Upon the mutual agreement of the Company and Boutte, Boutte&#8217;s employment will be terminated effective as of January 10, 2020. Boutte will be paid his base compensation through January 15, 2020. Unless explicitly permitted by law, Boutte shall have no further contact with GrafTech employees, executives or directors regarding matters related to GrafTech and/or matters related to its employees. After his Termination, Boutte agrees to limit his contacts to Brian Blowes, Vice-President, Organizational Development &amp; Administration. &#160;&#160;&#160;&#160;</font></div><div style="line-height:100%;padding-bottom:16px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Section 2</font><font style="font-family:inherit;font-size:12pt;">. &#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Consideration</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">. </font><font style="font-family: