SEC Contract Filing

Filing Date: 2016-11-18

Document Content:
<DOCUMENT>
<TYPE>EX-10.15
<SEQUENCE>3
<FILENAME>amtd_20160930xex1015.htm
<DESCRIPTION>EXHIBIT 10.15
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<div><a name="s6364687B4D1C298F3AE90AC19E655C42"></a></div><div><div style="line-height:120%;text-align:right;"><img src="amtdimage.jpg" alt="amtdimage.jpg" style="height:62px;width:178px;"></div></div><div><br></div><div style="line-height:138%;padding-bottom:13px;text-align:center;padding-left:34px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:94.80122324159022%;border-collapse:collapse;text-align:left;"><tr><td colspan="1"></td></tr><tr><td style="width:100%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit 10.15</font></div><div style="line-height:120%;padding-top:16px;text-align:left;padding-left:34px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">August 1, 2016</font></div><div style="line-height:120%;padding-top:16px;text-align:left;padding-left:34px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Private and Confidential </font></div><div style="line-height:120%;padding-top:16px;text-align:left;padding-left:34px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mr. Marvin Adams</font></div><div style="line-height:120%;text-align:left;padding-left:34px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">*************</font></div><div style="line-height:120%;text-align:left;padding-left:34px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">***************</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:138%;padding-bottom:13px;text-align:left;padding-left:34px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Separation Agreement and Release of Claims</font></div><div style="line-height:138%;padding-bottom:13px;padding-top:4px;text-align:left;padding-left:34px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Dear Marv:</font></div><div style="line-height:138%;padding-bottom:13px;text-align:left;padding-left:34px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">This Separation Agreement and Release of Claims ("Agreement") sets forth the terms of your resignation from employment with TD&#160;Ameritrade Holding Corporation (together with any of its predecessors, subsidiaries, parents or other affiliates, and their respective successors, assigns, representatives, agents, shareholders, officers, directors, attorneys, and employees, "TD&#160;Ameritrade" or the "Company"). We hope that the separation of your employment will occur on an amicable basis. This Agreement describes the terms agreed upon to accomplish these objectives and sets forth the consideration and benefits you shall receive if you sign and do not revoke this Agreement.</font></div><div style="line-height:138%;padding-left:34px;padding-bottom:13px;text-align:left;text-indent:0px;"><font style="padding-bottom:13px;text-align:left;font-family:inherit;font-size:10pt;padding-right:24px;">1.</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Advisor Position and Resignation of Employment</font><font style="font-family:inherit;font-size:10pt;">. You agree that effective as of the close of business on December 1, 2016 you will resign your employment with TD&#160;Ameritrade and your employment with the Company will cease (your "Resignation Date"). However, as of July 28, 2016, you relinquished the title of EVP, Chief Operations Officer, any and all titles and authorities you may have had with respect to TD&#160;Ameritrade unless expressly authorized by the CEO and President of TD&#160;Ameritrade and agree to render Advisory Services as provided in Section 2 below. You are no longer authorized to incur expenses, obligations or liabilities on behalf of TD&#160;Ameritrade unless it is in your role as Advisor and only until the Resignation Date at which time that authorization will be relinquished and you will immediately return to TD&#160;Ameritrade all TD&#160;Ameritrade property within your possession, including, but not limited to, iPhone, iPad Pro, iPad Air2, MacBook Air, iMac, EX 90; Confidential Information (as defined below), employee badge, and any other items provided to you by the Company during your employment. The termination of your employment shall be represented internally and externally as one by mutual agreement.</font></div><div style="line-height:138%;padding-bottom:13px;text-align:left;padding-left:58px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During your employment with the Company as an Advisor, you will receive the same base salary compensation and remain eligible to participate in the various incentive programs for the Company's fiscal year 2016 as are in effect and applicable to you immediately before your transition to the Advisor role. Accordingly, during such employment period, you will:</font></div><div style="line-height:138%;padding-left:58px;paddin