SEC Contract Filing

Filing Date: 2018-02-27

Document Content:
<DOCUMENT>
<TYPE>EX-10.28
<SEQUENCE>2
<FILENAME>ex10-28.htm
<DESCRIPTION>SEVERANCE AGREEMENT BETWEEN REALOGY HOLDINGS CORP AND JOHN PEYTON
<TEXT>
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<div><a name="sAB6917F601A64F47F2939EB767F891F0"></a></div><div><div style="line-height:144%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit 10.28</font></div><div style="line-height:144%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">REALOGY HOLDINGS CORP.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXECUTIVE SEVERANCE AGREEMENT</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">THIS SEVERANCE AGREEMENT (this </font><font style="font-family:inherit;font-size:11.5pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Agreement</font><font style="font-family:inherit;font-size:11.5pt;">&#8221;)</font><font style="font-family:inherit;font-size:12pt;">&#32;is hereby entered into as of </font><font style="font-family:inherit;font-size:11.5pt;">October 13</font><font style="font-family:inherit;font-size:12pt;">, 2016, by and between Realogy Holdings Corp. (the </font><font style="font-family:inherit;font-size:11.5pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Company</font><font style="font-family:inherit;font-size:11.5pt;">&#8221;)</font><font style="font-family:inherit;font-size:12pt;">&#32;and </font><font style="font-family:inherit;font-size:11.5pt;">John Peyton (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Executive</font><font style="font-family:inherit;font-size:11.5pt;">&#8221;)</font><font style="font-family:inherit;font-size:12pt;">&#32;(hereinafter collectively referred to as the </font><font style="font-family:inherit;font-size:11.5pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Parties</font><font style="font-family:inherit;font-size:11.5pt;">&#8221;).</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">In consideration of the respective agreements of the Parties contained herein, it is agreed as follows:</font></div><div style="line-height:120%;padding-left:0px;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:48px;"><font style="padding-bottom:8px;padding-top:8px;text-align:left;font-family:inherit;font-size:12pt;padding-right:48px;">1.</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Term</font><font style="font-family:inherit;font-size:12pt;">. The term </font><font style="font-family:inherit;font-size:11.5pt;">Executive&#8217;s</font><font style="font-family:inherit;font-size:12pt;">&#32;employment under this Agreement shall be for the period commencing on </font><font style="font-family:inherit;font-size:11.5pt;">October 13</font><font style="font-family:inherit;font-size:12pt;">, 2016 (the </font><font style="font-family:inherit;font-size:11.5pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Effective Date</font><font style="font-family:inherit;font-size:11.5pt;">&#8221;)</font><font style="font-family:inherit;font-size:12pt;">&#32;and ending, subject to earlier termination as set forth in Section 6, on the third anniversary of the Effective Date (the </font><font style="font-family:inherit;font-size:11.5pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Term</font><font style="font-family:inherit;font-size:11.5pt;">&#8221;);</font><font style="font-family:inherit;font-size:12pt;">&#32;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">, </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">however</font><font style="font-family:inherit;font-size:12pt;">, following a Change in Control (as defined herein), the Term shall be the later of (i) the third anniversary of the Effective Date or (ii) the second anniversary of the Change in Control, in either case, subject to earlier termination as set forth in Section 6.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Employment</font><font style="font-family:inherit;font-size:12pt;">. During the Term:</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Executive shall be assigned with the duties and responsibilities of President and Chief </font><font style="font-family:inherit;font-size:11.5pt;">Operating Officer until such later time and he is assigned the duties of Chief </font><font style