SEC Contract Filing

Filing Date: 2016-11-16

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>a16-21504_1ex10d1.htm
<DESCRIPTION>EX-10.1
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 10.1</font></b></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SEPARATION AGREEMENT AND GENERAL RELEASE</font></u></b></p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">THIS SEPARATION AGREEMENT AND GENERAL RELEASE</font></b> (the &#147;Agreement&#148;) is made and entered into by and between <b>STEVEN ANAYA </b>(&#147;Anaya&#148; or &#147;you&#148;) and <b>CANTEL&nbsp;MEDICAL&nbsp;CORP</b>. (&#147;Cantel&#148; or the &#147;Company&#148;) (collectively referred to as the &#147;Parties&#148; and individually as a &#147;Party&#148;).</p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, Anaya entered into an Amended and Restated Executive Severance Agreement with the Company effective as of November&nbsp;17,&nbsp;2014 (the &#147;Severance Agreement&#148;);</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, the Parties desire to supersede, cancel and replace the Severance Agreement with this Agreement; and</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, the Parties wish to enter into this Agreement to set forth the terms of Anaya&#146;s separation from employment and to resolve fully any and all matters, claims and disputes that Anaya may have against the Company and any of the other Company Releasees (as defined below).</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">NOW, THEREFORE, in consideration of the promises, covenants, payments, and release and waivers contained herein, Anaya and Cantel agree as follows:</font></p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Separation from Employment.</u></p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Unless there is an Earlier Separation Date by Anaya or an Earlier Separation Date by the Company (as those terms are defined in Section&nbsp;1.4 below), Anaya&#146;s employment by the Company (and by any and all of the other Company Releasees (defined in Section&nbsp;3 below)) is terminated effective March&nbsp;31,&nbsp;2017.&#160; The term &#147;Separation Date&#148; as used in this Agreement means the earliest to occur of (i)&nbsp;March&nbsp;31, 2017 (the &#147;Outside Date&#148;), (ii)&nbsp;the Earlier Separation Date by Anaya or (iii)&nbsp;the Earlier Separation Date by the Company.&#160; Effective as of the Separation Date, Anaya is also terminated from any and all positions and/or offices and directorships Anaya may hold at or with the Company (and any and all of the other Company Releasees).&#160; The period of time between the Effective Date of this Agreement (defined in Section&nbsp;14 below) and the Separation Date is referred to in this Agreement as the &#147;Continuation Period.&#148;</p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.2</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>During the Continuation Period, subject to Section&nbsp;1.4, Anaya shall continue to perform his usual duties, assist in the transition of those duties and perform such other duties and responsibilities consistent with his position as requested by the Company (collectively, &#147;Duties and Responsibilities&#148;).&#160; It is understood and agreed that Ana