SEC Contract Filing

Filing Date: 2025-02-07

Document Content:
<DOCUMENT>
<TYPE>EX-10.30
<SEQUENCE>4
<FILENAME>ex1030-confidentialseveran.htm
<DESCRIPTION>EX-10.30
<TEXT>
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<title>Document</title></head><body><div id="id8a041aa1c5e4a25b38d673e01234302_77"></div><div style="min-height:72pt;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Exhibit 10.30</font></div></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%;text-decoration:underline">CONFIDENTIAL SEVERANCE AGREEMENT AND RELEASE</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">This Confidential Severance Agreement and Release (&#8220;Agreement&#8221;) is made by and between Grant Kadavy (&#8220;EMPLOYEE&#8221;) and Green Plains Inc. (&#8220;EMPLOYER&#8221; or &#8220;Company&#8221;). The terms of this Agreement are as follows&#58;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">A.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:24.34pt">EMPLOYEE has been employed by EMPLOYER pursuant to the terms of an Employment Agreement dated October 3, 2022 (the &#8220;Employment Agreement&#8221;), and pursuant to such Employment Agreement, EMPLOYER will make such payments as are due thereunder&#59;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">B.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:25pt">The parties are terminating their employment relationship as of February 6, 2025&#59; and</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">C.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:25pt">The parties desire to settle and resolve any and all disputes and claims that have been or could have been asserted between them or any other affiliated entities, up to and including the date of this Agreement.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">For and in consideration of the mutual releases, covenants, and undertakings hereinafter set forth, and for other good and valuable consideration, which each party hereby acknowledges, it is agreed as follows&#58;</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">1.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:9pt;text-decoration:underline">Separation from Employment&#59; Consideration</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">. Employee&#8217;s employment with the Company, and each and every one of its parents, affiliates, subsidiaries, and their respective agents, present and former directors, officers, executives, employees, predecessors and&#47;or successors in interest, attorneys, and assigns will be finally, permanently, and irrevocably terminated effective February 6, 2025 (the &#8220;Separation Date&#8221;). Company agrees to as consideration to EMPLOYEE for this Agreement&#58; (a) a one-time payment of $244,800 (Two Hundred Forty Four Thousand Eight Hundred Dollars) in lieu of any bonus&#59; and (b) a one-time payment of $60,437 (Sixty Thousand Four Hundred Thirty Seven Dollars) for the equivalent of 12 months health insurance. The amounts set forth in this Section 1 are referred to herein as the Severance Payment. The amounts set forth in Section 1 shall not be paid until the conditions set forth in Section 12 below have been satisfied. EMPLOYER shall issue a Form W-2 for payments set forth herein, net of applicable federal, state and&#47;or local tax withholding and any other amounts due to EMPLOYER from EMPLOYEE. EMPLOYEE agrees that such payments set forth herein are not otherwise due and owing to EMPLOYEE and that EMPLOYEE is not otherwise entitled to any sum of money from EMPLOYER, and serve as sufficient consideration for the obligations herein. </font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">2.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:9pt;text-decoration:underline">COBRA Healthcare Coverage</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">. At the conclusion of EMPLOYEE&#8217;s employment with EMPLOYER, EMPLOYEE&#8217;s coverage under EMPLOYER&#8217;s medical and dental plans (the &#8220;Group Plans&#8221;) will terminate. EMPLOYEE may elect to continue coverage under the Group Plans after EMPLOYEE&#8217;s employment ends subject to the terms o