SEC Contract Filing

Filing Date: 2019-02-21

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d709303dex101.htm
<DESCRIPTION>EX-10.1
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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:12pt; font-family:Times New Roman" ALIGN="center"><B>SEPARATION AGREEMENT AND GENERAL RELEASE </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:12pt; font-family:Times New Roman">This Separation Agreement and General Release (the &#147;<B>Agreement</B>&#148;) dated as of February&nbsp;20, 2019, is entered into by and
between Greggory H. Kalvin (hereinafter referred to as &#147;<B>Executive</B>&#148;) and Dine Brands Global, Inc., a Delaware Corporation, its affiliates and subsidiaries (hereinafter referred to as the &#147;<B>Corporation</B>&#148;). Throughout
this Agreement, Executive and the Corporation may be referred to collectively as the &#147;parties&#148;. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B><U>Recitals</U> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:12pt; font-family:Times New Roman">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive has been employed by the Corporation. Executive&#146;s last day of employment by
the Corporation will be March&nbsp;8, 2019 (the &#147;<B>Separation Date</B>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:12pt; font-family:Times New Roman">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive and the Corporation wish to enter into an Agreement to clarify and resolve any
disputes that may exist between them arising out of the employment relationship and its termination, and any continuing obligations of the parties to one another following the end of the employment relationship. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:12pt; font-family:Times New Roman">C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In consideration of the Corporation&#146;s agreement to pay Executive a severance payment
set forth herein, the Corporation has asked Executive to waive any and all rights Executive may have in potential claims against the Corporation, except for those rights provided in this Agreement and Executive&#146;s continuing right to enforce the
terms and provisions of this Agreement against the Corporation. The Corporation has advised Executive of Executive&#146;s right to consult an attorney at Executive&#146;s own expense prior to signing this Agreement and has provided Executive with 21
calendar days in which to consider this Agreement and seek legal assistance. Executive has either consulted an attorney of Executive&#146;s choice or voluntarily elected not to consult legal counsel, and understands that except for Executive&#146;s
rights preserved and provided for above and elsewhere in this Agreement, Executive is waiving all potential claims against the Corporation and its agents. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:12pt; font-family:Times New Roman">D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Agreement is not and should not be construed as an admission or statement by either
party that it or any other party has acted wrongfully or unlawfully. Both parties expressly deny any wrongful or unlawful action and enter this Agreement for the sole purpose of clarifying and resolving any potential issues between them. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:12pt; font-family:Times New Roman">E.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Effective Date of this Agreement is defined in paragraph 10(d) hereof. Each of the
covenants and obligations set forth herein is contingent upon the occurrence of the Effective Date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B><U>Agreement</U> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:12pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the foregoing recitals and the mutual promises contained below, it is agreed as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:12pt; font-family:Times New Roman">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Employment Ending Date.</U>&nbsp;&nbsp;Executive&#146;s employment with the Corporation
will terminate effective on the Separation Date. Executive will have no further employment duties or responsibilities to the Corporation after the Separation Date. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">A-1 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:5%; font-size:12pt; font-family:Times New Roman">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Payments and
Benefits</U>.&nbsp;&nbsp;In exchange for the promises contained in this Agreement, and so long as Executive does not revoke this Agreement: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:10%; font-size:12pt; font-family:Times New Roman">a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Base Salary</U>:&nbsp;&nbsp;The Corporation shall pay to Executive the sum of $350,000,
representing 12 months of base salary, less applicable tax, withholdings and deductions required by law, as severance pay and in exchange for the promises, agreements, understandings and releases contained in this Agreement. This sum will be paid as
a lump su