SEC Contract Filing

Filing Date: 2018-03-01

Document Content:
<DOCUMENT>
<TYPE>EX-10.8.2
<SEQUENCE>4
<FILENAME>ex-108220171231.htm
<DESCRIPTION>EXHIBIT 10.8.2
<TEXT>
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<div><a name="s90b81495cbce4013840fa6fe33bccc8e"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:174%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Exhibit 10.8.2</font></div><div style="line-height:174%;text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br></font></div><div style="line-height:174%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">FORM OF ATTORNEY</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">RESTRICTIVE COVENANT AGREEMENT</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">THIS RESTRICTIVE COVENANT AGREEMENT (&#8220;Agreement&#8221;) is executed as of November ____, 2017, by and between </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">______________</font><font style="font-family:inherit;font-size:10pt;">(&#8220;Employee&#8221; &#8220;Executive&#8221; or &#8220;Counsel&#8221;) and </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PHH CORPORATION</font><font style="font-family:inherit;font-size:10pt;">&#32;and its subsidiaries, affiliates and related entities (the &#8220;Company&#8221;). </font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">WHEREAS, Employee is an employee of the Company who has substantial value to the business of the Company due to Employee&#8217;s access to the Company&#8217;s confidential, proprietary and trade secret information and the Company&#8217;s strategic plans, employees, customers and contacts; and</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">WHEREAS, the Company and Counsel realize that the Company&#8217;s confidential and proprietary information divulged for the purposes of receiving legal advice from Counsel is protected by the attorney-client privilege and Counsel&#8217;s ethical obligations, but also realize that Counsel will have access to some confidential and proprietary information merely as an employee of the Company and without regard to its use in conjunction with legal advice;</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">WHEREAS, as the Company and Counsel wish to ensure that confidential information not protected by the attorney-client privilege or Counsel&#8217;s ethical obligation is nevertheless protected from disclosure;</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">WHEREAS, by entering into this Agreement, Employee is eligible to participate in the Company&#8217;s Amended and Restated PHH Corporation Tier I Severance Plan (&#8220;Tier I Severance Plan&#8221;);</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">WHEREAS, Employee and the Board of Directors of PHH Corporation (&#8220;Board&#8221;) acknowledge that the Tier I Severance Plan may be modified, terminated or amended at the Company&#8217;s discretion;</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">WHEREAS, the Board and Employee have entered into a Severance Letter contemporaneous with the execution of this Agreement, a copy of which is attached hereto as Exhibit A and incorporated as if set forth fully herein, which provides Employee with severance benefits equal to those set forth in the Tier I Severance Plan as of the effective date of the Severance Letter in the event of a qualifying separation from employment, regardless of whether the Tier I Severance Plan is subsequently terminated, modified or amended; </font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">WHEREAS, in connection with the Employee&#8217;s eligibility to participate in the Tier I Severance Plan and the receipt of the Severance Letter Employee is required to sign this Agreement.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NOW THEREFORE, intending to be legally bound hereby, the Company and Employee agree as follows:</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">I.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align: