SEC Contract Filing

Filing Date: 2016-08-10

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d231284dex101.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:10pt; font-family:Times New Roman" ALIGN="center"><B><U>EMPLOYMENT SEPARATION AGREEMENT </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This Agreement (&#147;Agreement&#148;), made effective as of August 5, 2016, (the &#147;Effective Date&#148;), by and between StoneMor GP LLC, a Delaware
limited liability company (the &#147;Company&#148;), and David Meyers (&#147;Meyers&#148;). </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>W&nbsp;I&nbsp;T&nbsp;N&nbsp;E&nbsp;S&nbsp;S&nbsp;E&nbsp;T&nbsp;H: </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">WHEREAS, Meyers has been an employee of the Company since October 22, 2013, serving in the position of Chief Operating Officer; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company and Meyers have agreed that he will resign from his current full-time position with the Company as of August 5, 2016 (the
&#147;Resignation Date&#148;); and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth, the parties hereto agree as follows:
</P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.<U></U></B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Resignation</U> </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>1.01 </B>Effective on the Resignation Date, Meyers hereby submits his resignation
as Chief Operating Officer of the Company and StoneMor Partners L.P., and submits his resignation from similar executive positions of any of the Company&#146;s subsidiaries and affiliated entities, as well as any and all other executive or other
positions he may then hold in any such subsidiaries and affiliates, including, but not limited to, any positions he might hold as director, trustee, manager or governor of any of the Company&#146;s subsidiaries or affiliates. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>2.<U></U></B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Employee Compensation </U> </B></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"><B>2.01</B></TD>
<TD ALIGN="left" VALIGN="top"><B></B>Meyers shall receive a cash payout of his accrued and unused vacation for 2016. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>3.<U></U></B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Termination of Employment</U> </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>3.01</B> Meyers&#146;s employment hereunder shall terminate on the
Resignation Date: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>3.02</B> The obligations of the Company upon termination of employment are as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>a</B>. If Meyers remains employed until the Resignation Date, Meyers shall be entitled to the following: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>i. </B>Base Salary earned but not paid prior to the Resignation Date; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ii. </B>The Severance Package described in paragraph 4.01, below. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>3.03 </B>Any payment under Paragraph 3.02 hereof shall be in lieu of any other severance, bonus or other payments (other than earned or vested benefits) to
which Meyers might then be entitled pursuant to any other agreement, benefit plan or program of the Company or any statutory, common law or other claim. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>4.<U></U></B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Severance Package and Duties During Severance Period</U> </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>4.01 </B>Provided that Meyers executes
this Agreement and the release of all claims which is attached hereto as Appendix A, re-affirms that release following termination of his employment with the Company, does not revoke his acceptance in