SEC Contract Filing

Filing Date: 2015-08-07

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>s101555_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
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<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><U>SEVERANCE AGREEMENT</U></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SEVERANCE AGREEMENT (this &ldquo;<U>Agreement</U>&rdquo;),
dated as of January 26, 2015, by and between TheStreet, Inc., a Delaware corporation (the &ldquo;<U>Company</U>&rdquo; or &ldquo;<U>TheStreet</U>&rdquo;),
and <U>Vanessa</U> <U>Soman</U> (&ldquo;Ms. Soman&rdquo; and together with the Company, each a &ldquo;<U>Party</U>&rdquo; and collectively
the &ldquo;<U>Parties</U>&rdquo;).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">WHEREAS, the Company desires that Ms. Soman
enter into this Agreement, and Ms. Soman desires to enter into this Agreement, on the terms and conditions set forth herein;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">WHEREAS, the Company granted Ms. Soman 10,000
stock options pursuant to a stock option agreement dated 8/12/2013. (the &ldquo;<U>Equity Agreement</U>&rdquo;);</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">WHEREAS, Ms. Soman agreed to be bound by certain
restrictive covenants in the Equity Agreement; and</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">NOW THEREFORE, the parties hereto agree
as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 1</U>.<U> Severance Benefits</U>.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9;<U>General Severance</U>. In the
event that the Company (or Successor (as defined below), if applicable) terminates Ms. Soman&rsquo;s employment with the Company
(or Successor, if applicable) without Cause (as defined in the Equity Agreement), then Ms. Soman shall be entitled to the following
severance benefits:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">(A)&#9;pay Ms. Soman an amount equal to the greater
of (i) six (6) months or (ii) four (4) weeks per year of service of her base salary (at the annual rate in effect immediately prior
to termination, but in no event less than Ms. Soman&rsquo;s original annual salary of $165,000); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">(B)&#9;If Ms. Soman elects continuation coverage pursuant
to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (&ldquo;COBRA&rdquo;) for herself and her eligible dependents,
within the time period prescribed pursuant to COBRA, the Company will reimburse Ms. Soman for (or pay directly) the COBRA premiums
for such coverage (at the coverage levels in effect immediately prior to Ms. Soman&rsquo;s termination) until the earlier of (x)
a period of twelve (12) months from the last date of employment with the Company, or (y) the date upon which she and/or her eligible
dependents becomes covered under similar plans. COBRA reimbursements will be made by the Company to Ms. Soman consistent with the
Company&rsquo;s normal expense reimbursement policy and will be taxable to the extent required to avoid adverse consequences to
Executive or the Company under either Code Section 105(h) or the Patient Protection and Affordable Care Act of 2010.; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">For purposes of this Agreement, &ldquo;<U>Successor</U>&rdquo;
shall mean any person or entity that acquires all or substantially all of the Company&rsquo;s assets or into which the Company
is merged or combined with the Company ceasing to exist (or the successor to any such entity, whether by merger, assignment or
otherwise).</P>

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