SEC Contract Filing

Filing Date: 2016-12-21

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d314351dex101.htm
<DESCRIPTION>EXHIBIT 10.1
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<TITLE>Exhibit 10.1</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>LEAVE AND TERMINATION AGREEMENT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In
Ermua, on December 15<SUP STYLE="font-size:85%; vertical-align:top">th</SUP> 2016 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On one side, </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>TENNECO AUTOMOTIVE IBERICA, S.A.</B>, with tax number A50005784, and address at Pol&iacute;gono Industrial Ureta, Ermua, Vizcaya, Spain (hereinafter, the
&#147;<B>Company</B>&#148; or &#147;<B>TAISA</B>&#148;), represented in this act by Mr.&nbsp;Danny Pollaris. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On the other side, </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>MR. JOSEP MARIA FORNOS MONTSERRAT</B>, address in Republica de Panama, Casa Arango, Calle 10 Este, <FONT STYLE="white-space:nowrap">5-22,</FONT> San
Felipe, Ciudad de Panama (hereinafter, the &#147;<B>Executive</B>&#148; or &#147;<B>Mr.</B><B></B><B>&nbsp;Fornos</B>&#148;), acting in his own name and behalf. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Hereinafter, and for the purposes of this agreement, unless they are referred to individually, the Company and the Executive will be jointly referred to as
the &#147;<B>Parties</B>&#148;. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Parties declare to have, and recognize each other&#146;s legal capacity to enter into this agreement. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>WHEREAS </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">I.</TD>
<TD ALIGN="left" VALIGN="top">Mr.&nbsp;Fornos is registered as an employee of TAISA since August&nbsp;1, 2010. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">II.</TD>
<TD ALIGN="left" VALIGN="top">TAISA belongs to a multinational group of companies formed by, among others, the following entities: Tenneco Inc. (&#147;<B>Tenneco</B>&#148;) and its subsidiaries and affiliates, including but not limited to, Tenneco
Automotive Europe BVBA, Tenneco Automotive Europe NV and Tenneco GmbH (hereinafter, the &#147;<B>Tenneco Entities</B>&#148;). </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">III.</TD>
<TD ALIGN="left" VALIGN="top">Mr.&nbsp;Fornos has signed the following employment agreements with the Tenneco Entities: (i)&nbsp;Agreement dated June&nbsp;7, 2000 between Tenneco Automotive Europe NV and Mr.&nbsp;Fornos; (ii)&nbsp;Agreement dated
March&nbsp;1, 2007 between Heinrich Gillet GmbH (today known as Tenneco GmbH) and Mr.&nbsp;Fornos; (iii)&nbsp;Letter of Understanding dated August&nbsp;10, 2010 between Tenneco and Mr.&nbsp;Fornos; (iv)&nbsp;Letter of Understanding dated December,
2010 between Tenneco and Mr.&nbsp;Fornos; (v)&nbsp;Letter of Understanding dated January, 2012 between Tenneco and Mr.&nbsp;Fornos; (vi)&nbsp;Letter of Understanding dated October&nbsp;7, 2015 between Tenneco and Mr.&nbsp;Fornos (all together,
hereinafter, the &#147;<B>Previous Agreements</B>&#148;). </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">IV.</TD>
<TD ALIGN="left" VALIGN="top">Mr.&nbsp;Fornos has been on split payroll in TAISA and in other Tenneco Entities for the past years, due to the nature of his position and his international functions. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>

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<TD WIDTH="4%" VALIGN="top" ALIGN="left">V.</TD>
<TD ALIGN="left" VALIGN="top">Since February&nbsp;1, 2012 Mr.&nbsp;Fornos has been working as an expatriate of TAISA, based in the offices of Tenneco Automotive Europe BVBA. During this period, Mr.&nbsp;Fornos&#146; payroll has been managed by
Tenneco Automotive Europe BVBA, even though he has remained as an employee of TAISA for Social Security purposes, specially authorized by the Social Security Authorities of Belgium and Spain, pursuant to the correspondent A1 certificates.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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