text:
Who Joel Schumacher Blames For Batman & Robin Sucking
Eric Eisenberg
Published: Oct. 12. 2014 10:06 AM
Joel Schumacher's Batman & Robin is a terrible film. The performances are weak, the Day-Glo splattered Gotham is ugly as sin, and the script is incredibly stupid. There are many people whom fans like to blame for this cinematic catastrophe, from the executives at Warner Bros. who gave the project the green light to the people at DC Comics who let Batman be treated so horrifically on the big screen, but there is really only one person whom the movie's director blames for its failings: himself.
Variety had the chance to interview Schumacher at the Hamptons Film Festival, and when the topic turned to the filmmaker's most notorious movie, he pointed a finger only at himself as the man responsible person for Batman & Robin's failings. Specifically citing the fact that he had never made a sequel before, Schumacher said that he simply should have never said "yes" to the project, which was demanded quickly after the blockbuster success of Batman Forever. At this point, his only hopes for the project is that it doesn't go down as one of the worst in history. Said the director,
"I just hope whenever I see a list of the worst movies ever made, we're not on it. I didn't do a good job. George did. Chris [O'Donnell] did. Uma [Thurman] is brilliant in it. Arnold is Arnold."
While Schumacher clearly doesn't like to be reminded of Batman & Robin's failings, he is also aware that one particular element of it is going to follow him for the rest of his life: the Bat-nipples. The director says that he was completely surprised by the negative reaction to the costume feature, but feels that it will be what he is ultimately remembered for. "I think that will be on my gravestone," he said.
Unlike Batman & Robin, though, it also seems that Schumacher still has fond memories making Batman Forever - which made $336 million worldwide when it was released in 1995. The movie was made for less than $100 million and wound up being the biggest film of the year, and Schumacher says it was his "total passion." He added,
My bosses let me change Batman. Jim [Carrey] was inspired as the Riddler. Tom Lee Jones played Harvey Two Face. Drew Barrymore is in it. Debi Mazar plays a bad girl. It has a great cast and everyone did a great job. It was fun to create a Batman movie."
Batman's on-screen presence has obviously changed quite a bit since Joel Schumacher's day, and certainly for the better. Christopher Nolan wowed audiences with his Dark Knight trilogy - completely reinventing the Caped Crusader's Hollywood image - and now the superhero is set to return to the big screen in Zack Snyder's Batman v Superman: Dawn of Justice, which will be out in 2016. As Schumacher knows, however, we will never forget.
Eric Eisenberg View Profile
NJ native who calls LA home; lives in a Dreamatorium. A decade-plus CinemaBlend veteran; endlessly enthusiastic about the career he's dreamt of since seventh grade.
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UK Independence Party candidate Steven Woolfe is in a "serious" condition in hospital after an apparent altercation with another unnamed fellow UKIP MEP, according to Nigel Farage.
It's reported that Mr Woolfe was punched by the colleague inside the European Parliament building in Strasbourg and collapsed in-front of cameras from ITV News. It's thought that a number of fellow MEPs were angry with news that he had been in talks with the Conservative Party about defecting last week. A senior UKIP source has also said that Mr Woolfe is in a "life-threatening" condition.
It's another turn of events in the saga that has befallen the party since Diane James resigned as leader on Tuesday night after 18 days.
Mr Woolfe, who is 49 today, has a wife and a daughter, and was considered by many as the strongest candidate to take the UKIP leadership over from Mr Farage. Fellow leadership candidate Raheem Kassam cancelled an appearance on BBC television's Daily Politics out of respect.
This is a developing story and we will report later with more news when it develops.


text:
Justia Forms Business Contracts HireRight GIS Group Holdings, LLC Form of Employment Agreement by and between HireRight Holdings
Form of Employment Agreement by and between HireRight Holdings Corporation and Guy Abramo
Contract Categories: Human Resources - Employment Agreements
EX-10.11 11 exhibit1011-sx1a1.htm EX-10.11 Document
Exhibit 10.11
[FORM OF] EMPLOYMENT AGREEMENT
THIS EMPLOYMENT AGREEMENT (this "Agreement"), dated as of ______, 2021, by and between HireRight Holdings Corporation, a Delaware corporation (the "Company"), and Guy Abramo (the "Executive").
WHEREAS, the Company desires to continue to employ the Executive, and the Executive desires to continue be employed by the Company, on the terms and conditions set forth herein, effective as of the Effective Date (as defined in Section 2).
NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein and other good and valuable consideration, the receipt and sufficiency of which hereby are acknowledged, the parties hereto agree as follows:
1. Employment. On the terms and conditions set forth in this Agreement, the Company shall employ the Executive, and the Executive shall be employed by the Company, for the term set forth in Section 2 and in the position and with the duties set forth in Section 3.
2. Term. The term (the "Term") of the Executive's employment by the Company pursuant to this Agreement will (a) commence on the effective date (the "Effective Date") of the Company's registration statement on Form S-1 initially filed with the Securities and Exchange Commission on October 5, 2021 relating to the initial public offering of the Company's equity securities (the "IPO"); and (b) end on the date on which the Executive's employment terminates pursuant to Section 13 (the "Termination Date"). Notwithstanding the foregoing, the effectiveness of this Agreement is subject to the consummation of the IPO, and this Agreement will be void ab initio and of no force and effect if the IPO is not consummated.
3. Position and Duties. The Executive will serve as Chief Executive Officer of the Company, with such duties and responsibilities as the board of directors of the Company (the "Board") may from time to time determine and assign to the Executive, and shall be nominated to serve on the Board. The Executive agrees to serve without additional compensation, if elected or appointed thereto, as a director or manager and in one or more executive offices of any member of the Company Group, provided that the Executive is indemnified for serving in any and all such capacities on the same basis as is provided to other officers and directors of the Company Group. The Executive will devote his best efforts and full business time to the performance of his duties and the advancement of the business and affairs of the Company. "Company Group" means, collectively, the Company and its direct and indirect subsidiaries.
4. Place of Performance. In connection with the Executive's employment by the Company, the Executive will be based at the principal executive offices of the Company or at such other place as the Company and the Executive mutually agree. Executive will be required to travel (a) regularly to the Company's other places of business and (b) otherwise as appropriate in the performance of Executive's duties.
5. Compensation.
(a) Base Salary. The Company will pay to the Executive an annual base salary at the rate of $600,000 per year (as may be increased from time to time, the "Base Salary"). The Base Salary will be reviewed for increases on the same basis as such salary reviews are made with respect to other executive officers of the Company, but will not be decreased. The Base Salary will be payable in accordance with the customary payroll practices of the Company.
(b) Annual Bonus. For each fiscal year that ends during the Term, the Executive will be eligible to earn an annual bonus (the "Annual Bonus") in a target amount equal to 100% of the Base Salary (as may be increased from time to time, the "Target Bonus"). The actual amount of the Annual Bonus, if any, earned for a fiscal year will be determined by the Board based on the achievement of specified Company and/or individual performance criteria, and may exceed or be less than the Target Bonus (and may be zero). The Target Bonus will be reviewed for increases on the same basis as such target bonus opportunity reviews are made with respect to other executive officers of the Company, but will not be decreased. The amount of the Annual Bonus, if any, earned for a fiscal year will be determined and paid on or before the time that annual bonuses are paid to other executives of the Company, but not later than March 15 of the following calendar year, subject to the Executive's employment through such payment date (except as may otherwise be provided in Section 14).
(c) Equity Awards. The Executive will be eligible to participate in the Company's long-term incentive equity grant program as the Board determines in its discretion and in accordance with Company practices from time to time (each award granted to the Executive under such program, an "Equity Award").
(d) Other Benefits. The Executive will be entitled to participate in all of the employee benefit and fringe benefit plans and arrangements that are generally available to senior executives of the Company, on terms and conditions no less favorable to the Executive than those applying to other senior executives of the Company generally.
(e) Vacation; Holidays. The Executive will be entitled to all public holidays observed by the Company and vacation days in accordance with the applicable vacation policies in effect for senior executives of the Company, which will be taken at reasonable times. The Executive will be subject to the Company's policies as in effect from time to time regarding vacations and accrued time off. As of the Effective Time, such policies provide that the Executive must take vacation or personal time off on an ad hoc basis and is not entitled to any accrual thereof.
(f) Withholding Taxes and Other Deductions. To the extent required by law, the Company will withhold from any payments due the Executive under this Agreement any applicable federal, state or local taxes and such other deductions as are prescribed by law or Company policy.
6. Expenses. The Executive will be entitled to receive prompt reimbursement for all reasonable and customary expenses incurred by the Executive in performing services hereunder,
provided that all such expenses are accounted for in accordance with the policies and procedures established by the Company.
7. Confidential Information; Intellectual Property.
(a) Confidential Information(a) .
(i) The Executive acknowledges that the continued success of the Company Group depends upon the use and protection of a large body of confidential and proprietary information belonging to one or more members of the Company Group. All such confidential and proprietary information now existing or to be developed in the future will be referred to in this Agreement as "Confidential Information." Confidential Information will be interpreted as broadly as possible to include all information of any sort (whether merely remembered or embodied in a tangible or intangible form, and whether or not specifically labeled or identified as "confidential") that is (x) not publicly or generally known (but for purposes of clarity, Confidential Information will never exclude any such information that becomes known to the public because of the Executive's unauthorized disclosure) and (y) related to the Company Group's (including any of their predecessors' prior to being acquired by the Company) current or potential business, including, but not limited to, the information, observations, and data obtained by the Executive during the course of the Executive's service to the Company Group and its predecessors concerning the business and affairs of the Company Group and its predecessors concerning (A) acquisition opportunities in or reasonably related to the Company Group's business or industry of which the Executive becomes aware prior to or during the Term, (B) identities and requirements of, contractual arrangements with, and other information regarding the Company Group's employees (including personnel files and other information), suppliers, distributors, customers, independent contractors, third-party payors, providers, or other business relations and their confidential information, (C) internal business information, including development, transition, and transformation plans, methodologies and methods of doing business, strategic, staffing, training, marketing, promotional, sales, and expansion plans and practices, including plans regarding planned and potential sales, historical and projected financial information, budgets and business plans, risk management practices, negotiation strategies and practices, opinion leader lists and databases, customer service approaches, integration processes, new and existing programs and services, cost, rate, and pricing structures and terms, and requirements and costs of providing service, support, and equipment, (D) trade secrets, technology, know-how, compilations of data and analyses, operational processes, compliance requirements and programs, techniques, systems, formulae, research, records, reports, manuals, flow charts, documentation, models, data, and data bases, (E) computer software, including operating systems, applications, and program listings, (F) devices, discoveries, concepts, ideas, inventions, innovations, improvements, developments, methods, designs, analyses, drawings, photographs, reports, and all similar or related information (whether or not patentable and whether or not reduced to practice), (G) copyrightable works, (H) intellectual property of every kind and description and (I) all similar and related information in whatever form.
(ii) The Executive acknowledges that the Confidential Information obtained or learned by the Executive during the Term from the Company Group concerning its business or affairs is its property. Therefore, the Executive will not disclose to any unauthorized person or use for the Executive's own account any of such Confidential Information, whether or not developed by the Executive, without the Board's prior written consent, unless and to the extent that any Confidential Information (i) becomes generally known to and available for use by the public other than as a result of the Executive's acts or omissions to act, (ii) is required to be disclosed pursuant to any applicable law or court order, (iii) is disclosed in confidence to a federal, state or local government official or to an attorney solely to report or investigate a suspected violation of law, or (iv) is disclosed under seal in a complaint or other document filed in a lawsuit or other proceeding without fear of prosecution, liability or retaliation provided the Executive so discloses in strict adherence with 18 U.S.C. §1833. The Executive will take reasonable and appropriate steps to safeguard Confidential Information and to protect it against disclosure, misuse, espionage, loss, and theft and agrees to deliver to the Company at the end of the Term, or at any other time the Company Group may request in writing, all copies and embodiments, in whatever form, of memoranda, notes, plans, records, reports, studies, and other documents and data, relating to the business or affairs of the Company Group (including, without limitation, all Confidential Information and Work Product) that the Executive may then possess or have under the Executive's control.
(b) Intellectual Property. The Executive acknowledges that all intellectual property, including all discoveries, concepts, ideas, inventions, innovations, improvements, developments, methods, processes, programs, designs, analyses, drawings, reports, patent applications, copyrightable work, and mask work (whether or not including any Confidential Information) and all registrations or applications related thereto, all other proprietary information, and all similar or related information (whether or not patentable) that relate to the Company Group's actual or anticipated business, research, and development or existing or future products or services and that are conceived, developed, contributed to, made, or reduced to practice by the Executive (whether alone or jointly with others) during the Term, including any of the foregoing that constitutes any proprietary information or records ("Work Product"), belong to the applicable member of the Company Group. Any copyrightable work prepared in whole or in part by the Executive in the course of the Executive's work for any of the foregoing entities will be deemed a "work made for hire" to the maximum extent permitted under copyright laws, and the Company will own all rights therein. To the extent any such copyrightable work or the intellectual property rights in the Work Product is not a "work made for hire," the Executive hereby assigns (with retrospective effect from the Effective Date) and agrees to assign to the applicable member of the Company Group all right, title and interest, including, without limitation, copyright and all other intellectual property rights, in and to such copyrightable work and other Work Product. The Executive will promptly disclose such Work Product to the Board and, at the Company's expense, perform all actions reasonably requested by the Board (whether during or after the Term) to establish and confirm such ownership by the Company Group (including, without limitation, assignments, consents, powers of attorney, and other instruments). To the extent state law where the Executive resides requires it, the Executive is notified that no
provision in this Agreement requires the Executive to assign any of the Executive's rights to an invention for which no equipment, supplies, facility, or trade secret information of the Company was used and which was developed entirely on the Executive's own time, unless (a) the invention relates at the time of conception or reduction to practice of the invention, (i) to the business of the Company, or (ii) to the Company's actual or demonstrably anticipated research or development, or (b) the invention results from any work you performed for the Company. If the Executive has any inventions or improvements relevant to the Executive's work for the Company which were made, conceived, or first reduced to practice by the Executive (alone or with others) prior to becoming employed by the Company or its predecessor, in order to remove such inventions or improvements from the assignment provisions in Section 7(b) the Executive is instructed to identify any and all such inventions or improvements on Schedule A attached hereto. If the Executive has no such inventions or improvements, the Executive is asked to initial in the box above the Executive's signature. If the Executive does not identify any such inventions or improvements on Schedule A, the Executive represents that there are no such inventions or improvements. If the Executive discloses, uses or incorporates any of the retained inventions specified in Schedule A into any product, service or other work product of the Company without the prior written agreement of the Company, the Executive will thereby grant to the Company a perpetual, nonexclusive, royalty-free, fully paid up, irrevocable, worldwide license, including the right to sublicense others, to exercise all intellectual property rights and rights of publicity and/or privacy in such retained inventions which were the subject of such disclosure, use or incorporation without the prior written agreement with the Company.
(c) Conflict. In case of a conflict between this Section 7 and any obligations of the Executive under Company Group policies or any agreement between the Executive and any member of the Company Group, this Section 7 will control.
8. Non-Competition; Non-Solicitation.
(a) Non-Competition. The Executive acknowledges that his employment responsibilities provide the opportunity to be introduced to, become familiar with and learn information about the Company Group's Confidential Information and provides a competitive advantage to the Company Group, and that during employment the Executive will provide unique services to the Company Group. The Executive agrees further that given the nature of the Company Group's business, the Executive can provide services from virtually any geographic location. Therefore, during the Term, and for the balance of the Restricted Period if the Executive's employment terminates other than pursuant to Section 14(c), the Executive will not, individually or for or on behalf of any other person or entity, enter into or accept an employment position, provide services to, consult with, or engage in any other business arrangement with an organization or person that competes with, or that holds a non-passive investment in any company that competes with, the Company Group; provided that the Executive is not prohibited from engaging in passive investments of not more than 3% of the outstanding shares of, or any other equity interest in, any company or entity listed or traded on a national securities exchange or in an over-the-counter securities market.
(b) Non-Solicitation. During the Term, and for the balance of the Restricted Period if the Executive's employment terminates other than pursuant to Section 14(c), the Executive will not, individually or for or on behalf of any other person or entity, (i) directly or indirectly solicit, employ or retain, or have, cause or assist any other person or entity to solicit, employ or retain, any person who is (or was during the preceding six months) employed or engaged by the Company Group or (ii) call on, solicit or service any customer, supplier, licensee, licensor, representative, agent or other business relation of the Company Group in order to induce or attempt to induce such person to cease doing business with, or reduce the amount of business conducted with the Company Group, or in any way interfere with the relationship between the Company Group and any such customer, supplier, licensee, licensor, representative, agent or business relation.
(c) Definitions. For purposes of this Section 8, "Restricted Period" means the period commencing on the Effective Date and ending on the first anniversary of the Termination Date.
(d) Employment Termination under Change-in-Control Circumstances. In case of termination of the Executive's employment pursuant to Section 14(c), the restrictions set forth in this Section 8 will terminate on the Termination Date, provided that in any event for the duration of the Restricted Period the Executive may not engage in the competitive activities described in Section 8(a) or the solicitation activities described in Section 8(b) on the basis of or making material use of any Confidential Information.
(e) Conflict. In case of a conflict between this Section 8 and any obligations of the Executive under Company Group policies or any agreement between the Executive and any member of the Company Group, this Section 8 will control.
9. Non-Disparagement. The Executive shall not disparage the Company Group, any of its products or practices, or any of its directors, officers, stockholders or affiliates (each in their capacities as such), either orally or in writing, at any time; provided, however, that the Executive may (a) confer in confidence with the Executive's spouse or legal representatives, (b) make truthful statements as required by law or when requested by a governmental, regulatory or similar body or entity and (c) make truthful statements in the course of performing the Executive's duties to the Company.
10. Permitted Activities. Nothing in this Agreement will prohibit the Executive from reporting possible violations of federal or state law or regulation to or otherwise cooperating with or providing information requested by any governmental agency or entity, including, but not limited to, the Department of Justice, the Securities and Exchange Commission, the U.S. Equal Employment Opportunity Commission, the Congress and any agency Inspector General, or making other disclosures that are protected under the whistleblower provisions of federal or state law or regulation. The Executive does not need the prior authorization of the Company to make any such reports or disclosures, and the Executive is not required to notify the Company that the Executive has made such reports or disclosures. Notwithstanding anything to the contrary contained herein, the Executive will not be held criminally or civilly liable under any federal or state trade secret law for any disclosure of Confidential Information that (a) is made (i) in
confidence to a federal, state or local government official, either directly or indirectly, or to an attorney and (ii) solely for the purpose of reporting or investigating a suspected violation of law or (b) in a complaint or other document that is filed in a lawsuit or other proceeding. If the Executive files a lawsuit for retaliation by the Company for reporting a suspected violation of law, the Executive may disclose the Company's Confidential Information to the Executive's attorney and use the Confidential Information in the court proceeding if the Executive (A) files any document containing the trade secret under seal and (B) does not disclose the Confidential Information, except as permitted by law or otherwise pursuant to court order.
11. Reasonableness of Restraints; Blue Pencil. The Executive has carefully read this Agreement and has given careful consideration to the restraints imposed upon him by this Agreement, and acknowledges the necessity of such restraints for the reasonable and proper protection of the Company Group's Confidential Information, business strategies, employee and customer relationships and goodwill now existing or to be developed in the future. If a final and non-appealable judicial determination is made that any of the provisions of this Agreement constitutes an unreasonable or otherwise unenforceable restriction against the Executive, such provision(s) will not be rendered void but will be deemed modified to the minimum extent necessary to remain in full force and effect for the longest period and largest geographic area that would not constitute such an unreasonable or unenforceable restriction. However, notwithstanding the foregoing, the parties acknowledge that (i) during the Term the Executive may relocate and applicable law governing restrictive employment covenants may change, and (ii) it is the intent of the parties not to violate applicable law, and accordingly any covenants or restrictions herein are void to the extent they violate applicable law.
12. Injunctive Relief. The Executive acknowledges and agrees that if any of the provisions of Sections 7 through 9 are proven to have been violated by him, the Company Group will immediately and irreparably be harmed, will not have an adequate remedy at law and will be entitled to seek immediate relief enjoining such violation or threatened violation (including, without limitation, temporary and permanent injunctions and/or a decree of specific performance) in any court or judicial body having jurisdiction over such claim, without the necessity of showing any actual damage or posting any bond or furnishing any other security.
13. Termination of Employment.
(a) Death. The Executive's employment hereunder will terminate upon the Executive's death.
(b) By the Company. The Company may terminate the Executive's employment hereunder under the following circumstances:
(i) The Company may terminate the Executive's employment hereunder for Disability. "Disability" means the Executive's substantial inability, due to a physical or mental condition, to perform essential functions of his position, with or without accommodation, for a period of three consecutive months or for shorter periods aggregating three months during any six‐month period.
(ii) The Company may terminate the Executive's employment hereunder with Cause. Subject to Section 13(d), "Cause" means that the Executive: (A) is convicted of, pleads guilty to, does not contest, or obtains any form of deferred adjudication of (i) a felony involving dishonesty or moral turpitude or that manifestly indicates that the Executive is unfit for a role of substantial leadership responsibility, (ii) any crime that involves misappropriation of material assets of the Company Group's assets, or (iii) any crime that (in the Board's reasonable opinion) adversely affects the reputation, goodwill or business position of the Company Group; (B) commits any act against the Company Group that (i) the Executive intends to damage, and does materially damage, the Company Group's property or business; (ii) is criminal (even if clause (A) above does not apply) or (iii) is dishonest (meaning that the Executive gives false information to the Company Group knowing that it is false); (C) willfully fails to perform the Executive's material duties as an employee more than 10 days after the Company gives the Executive written notice; or (D) willfully breaches any material obligations to the Company Group (i) under this Agreement or (ii) related to the failure to follow the Company Group's lawful policies. Notwithstanding the foregoing, the Executive shall not be deemed to have been terminated for Cause unless and until there shall have been delivered to the Executive a copy of a resolution duly adopted by the affirmative vote (which cannot be delegated) of not less than three‐quarters of the Board at a meeting of the Board called and held for such purpose (and after 72 hours' notice of the Executive's right to appear and be heard before the Board's vote), finding that, in the good faith opinion of the Board, the Executive is guilty of the conduct set forth in such applicable clause specifying the details thereof.
(iii) The Company, in the sole discretion of the Board, may terminate the Executive's employment hereunder at any time other than for Disability or Cause, for any reason or for no reason at all.
(c) By the Executive. The Executive may terminate the Executive's employment hereunder at any time, with or without Good Reason. Subject to Section 13(d), "Good Reason" means the occurrence of any of the following events without the Executive's written consent:
(A) the Company materially breaches this Agreement or any other legal or contractual obligation to the Executive in any material respect;
(B) the Executive's job duties, position, status, or reporting relationship (i.e. the position to which the Executive reports, not the individual) is materially reduced, and without limiting other instances, Good Reason is deemed to occur if, following a Change in Control (as defined in the Company's 2021 Omnibus Incentive Plan), the Executive does not have the same job duties, position, status, and reporting relationship with respect to the acquiror or Surviving Company or Parent Company (as defined in the Company's 2021 Omnibus Incentive Plan) following the Change in Control as the Executive had with respect to the Company before the Change in Control;
(C) the Company reduces the Base Salary or Annual Bonus target (but excluding discretionary supplemental bonuses, if any); or
(D) the Company requires the Executive to relocate the Executive's principal residence by more than 20 miles, or assigns duties to the Executive that are impracticable to perform without relocating the Executive's principal residence by more than 20 miles.
(d) Notice of Termination. Any termination of the Executive's employment by the Company with Cause or the Executive for Good Reason will be communicated by written notice of termination to the other party hereto in accordance with Section 15, which notice identifies the event the Cause or Good Reason claimed within 45 days after the Company or the Executive, as the case may be, first has knowledge of the occurrence of the event of Cause or Good Reason, with sufficient specificity to allow the Company or the Executive, as the case may be, to cure the event. Cause or Good Reason as specified in such notice will not exist unless the Executive fails to cure the event(s) of Cause alleged in the notice or the Company fails to cure the event(s) of Good Reason alleged in the notice, in either case within 30 days after receiving such notice (if the event is curable), and the Executive resigns employment within 90 days after the end of such 30‐day cure period, in the case of resignation for Good Reason, or the Company terminates the Executive's employment within 90 days after the end of such 30‐day cure period, in the case of termination for Cause.
(e) Termination of All Positions. Upon termination of the Executive's employment for any reason, the Executive will have been deemed to resign, as of the Termination Date or such other date requested by the Company, from his position on the Board, if applicable, and all committees thereof (and, if applicable, from the board of directors or similar governing bodies (and all committees thereof) of all other members of the Company Group) and from all other positions and offices that the Executive then holds with the Company Group.
14. Compensation Upon Termination.
(a) Accrued Obligations. If the Executive's employment hereunder is terminated for any reason, the Company will pay or provide the following accrued amounts (the "Accrued Obligations") to the Executive or to the Executive's estate (or as may be directed by the legal representatives of the estate), as the case may be, (x) not later than 30 days after the Termination Date in the case of the payments referred to in clause (i) below, (y) at the time that such amount would otherwise be paid to the Executive but for such termination of employment in the case of the payment referred to in clause (ii) below, and (z) at the time when such payments are due in the case of the payments referred to in clause (iii) below:
(i) the Base Salary through the Termination Date;
(ii) other than following a termination of the Executive's employment by the Company for Cause or by the Executive without Good Reason, the Annual Bonus, if any, earned but not yet paid for the fiscal year preceding the fiscal year in which the Termination Date occurs;
(iii) to the extent not previously paid or provided, any other amounts or benefits required to be paid or provided as of the Termination Date or that the Executive is eligible to receive at the Termination Date in accordance with the terms of any plan, program, policy, practice, contract or agreement of the Company Group (other than any severance plan, program, policy, practice, contract or agreement); it being understood, however, that, unless otherwise specified elsewhere in this Agreement or in the other such plan, program, policy, practice, contract or agreement because of the nature of the termination, no amounts or benefits will vest as a result of the termination, and employee benefits will cease to accrue as of the Termination Date.
(b) Involuntary Termination (Not During Change in Control Period). If the Company terminates the Executive's employment hereunder other than for Cause or Disability, or if the Executive terminates his employment hereunder for Good Reason, and such termination does not occur during the Change in Control Period (as defined in Section 14(c)), then subject to Section 14(d), the Executive will be entitled to receive the following payments and benefits (in addition to the Accrued Obligations):
(i) an amount equal to the product of (A) 1.5 multiplied by (B) the sum of the (x) the Base Salary plus (y) the Target Bonus, payable in equal installments over the 18-month period immediately following the Termination Date, in accordance with the customary payroll practices of the Company (provided that any such installments that otherwise would be payable prior to the Release Effective Date (as defined in Section 14(d)) instead will be accumulated and paid not later than five business days after the Release Effective Date);
(ii) a prorated portion of the Annual Bonus, if any, earned for the fiscal year in which the Termination Date occurs, determined on a daily basis, based on actual performance for such fiscal year, as determined by the Board after the end of such fiscal year, payable on the date that annual bonuses are paid to other executives of the Company (or if such date occurs before the Release Effective Date, then not later than five business days after the Release Effective Date);
(iii) each then-unvested Equity Award that is subject solely to time-based vesting will vest as of the Release Effective Date with respect to the portion of such Equity Award that was scheduled to vest during the period from the Termination Date to the first anniversary of the Termination Date (or, if greater, such portion as is provided under the applicable award agreement in the event of termination of employment by the Company without Cause); and
(iv) if the Executive timely elects continued coverage under the Company's group health plans, payment of COBRA premiums for such coverage substantially the same as the Executive's coverage for him (and, if applicable, his spouse and dependents) before the Termination Date from the Termination Date until the earlier of (A) the 18-month anniversary of the Termination Date and (B) the first date that the Executive is no longer eligible for COBRA (provided that any such premiums that
otherwise would be payable prior to the Release Effective Date instead will be accumulated and paid not later than five business days after the Release Effective Date).
(c) Involuntary Termination (During Change in Control Period). If the Company terminates the Executive's employment hereunder other than for Cause or Disability, or if the Executive terminates his employment hereunder for Good Reason, and such termination occurs during the period (x) beginning three months prior to a Change in Control (as defined in the Company's 2021 Omnibus Incentive Plan, as may be amended from time to time, or any successor to such plan) and (y) ending 18 months following a Change in Control (the "Change in Control Period"), then subject to Section 14(d), the Executive will be entitled to receive the following payments and benefits (in addition to the Accrued Obligations):
(i) an amount equal to the product of (A) two multiplied by (B) the sum of the (x) the Base Salary plus (y) the Target Bonus, payable in a lump sum no later than five business days after the Release Effective Date;
(ii) a prorated portion of the Target Bonus for the fiscal year in which the Termination Date occurs, determined on a daily basis, payable in a lump sum not later than five business days after the Release Effective Date;
(iii) each then-unvested Equity Award that is subject solely to time-based vesting will fully vest as of the Release Effective Date; and
(iv) if the Executive timely elects continued coverage under the Company's group health plans, payment of COBRA premiums for such coverage substantially the same as the Executive's coverage for him (and, if applicable, his spouse and dependents) before the Termination Date from the Termination Date until the earlier of (A) the 18-month anniversary of the Termination Date and (B) the first date that the Executive is no longer eligible for COBRA (provided that any such premiums that otherwise would be payable prior to the Release Effective Date instead will be accumulated and paid no later than five business days after the Release Effective Date).
Notwithstanding the foregoing, if such termination occurs prior to a Change in Control, then (x) during the portion of the Change in Control Period ending on such Change in Control, the Executive will be entitled to the severance payments and benefits under Section 14(b) and (y) following such Change in Control, the Executive will be entitled to the severance payments and benefits under this Section 14(c), as reduced by the severance payments and benefits received by the Executive prior to such Change in Control under Section 14(b).
(d) Conditions to Receiving Severance Benefits. The amounts payable to the Executive under Section 14(b) or (c) (other than the Accrued Obligations) are contingent on the Executive's (i) compliance with the covenants set forth in Sections 7 through 9 and (ii) execution and non-revocation of a separation agreement containing customary terms and a general waiver and release of claims substantially in the form attached hereto as Schedule B (and the expiration of any applicable revocation period) on or prior to the 60th day following the Termination Date (the date on which such release becomes effective, the "Release Effective Date").
Notwithstanding anything in Section 14(b) or (c) to the contrary, if the 60-day period immediately following the Termination Date spans two calendar years, any amount otherwise payable or commencing to be payable pursuant to Section 14(b) or (c) in the first calendar year will in all cases be paid or commence to be paid on the Company's first payroll date in the second calendar year.
(e) No Mitigation/No Set Off. The Company's obligations to make all payments and honor all commitments under this agreement shall not be affected by any circumstances (including, without limitation, any set-off, counterclaim, recoupment or other right which the Company may have against the Executive). In no event shall the Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to him under any of the provisions of this Agreement, nor shall the amount of any payment owed hereunder be reduced by any compensation earned by the Executive as a result of any subsequent employment with another employer.
(f) No Additional Payments. Notwithstanding anything to the contrary in this Agreement, the Executive acknowledges and agrees that in the event of the termination of the Executive's employment, even if in breach of this Agreement, the Executive will be entitled only to those payments specified herein for the circumstances of termination, and not to any other payments by way of damages or claims of any nature, whether under this Agreement or under any other agreements between the Executive and the Company.
15. Notices. All notices, demands, requests or other communications required or permitted to be given or made hereunder will be in writing and will be delivered, emailed or mailed by first class registered or certified mail, postage prepaid, addressed as follows:
(a) If to the Company:
HireRight Holdings Corporation
100 Centerview Drive
Email: [ ]
Attention: General Counsel
(b) If to the Executive, to the Executive's most recent address on the payroll records of the Company and a copy (which will not constitute notice) to:
Barry B. Kaufman, Esq.
Law Offices of Barry B. Kaufman, APC
Email: bbkaufman@earthlink.net
or to such other address as may be designated by either party in a notice to the other. Each notice, demand, request or other communication that will be given or made in the manner described above will be deemed sufficiently given or made for all purposes three days after it is deposited in the U.S. mail, postage prepaid, or at such time as it is delivered to the addressee (with the return receipt, the delivery receipt, the answer back or the affidavit of messenger being deemed conclusive evidence of delivery) or at such time as delivery is refused by the addressee upon presentation.
16. Severability. The invalidity or unenforceability of any one or more provisions of this Agreement will not affect the validity or enforceability of the other provisions of this Agreement, which will remain in full force and effect.
17. Survival. The provisions of Sections 7 through 9 will survive the termination of this Agreement and any termination of employment of the Executive. In addition, all obligations of the Company to make payments hereunder will survive any termination of this Agreement on the terms and conditions set forth herein.
18. Successors and Assigns.
(a) This Agreement is personal to the Executive and will not be assignable by the Executive without the prior written consent of the Company otherwise than by will or the laws of descent and distribution. This Agreement will inure to the benefit of and be enforceable by the Executive's legal representatives.
(b) This Agreement will inure to the benefit of and be binding upon the Company and its successors and assigns.
(c) The Company will require any successor to all or substantially all of the business and/or assets of the Company or any party that acquires control of the Company (whether direct or indirect, by purchase, merger, consolidation or otherwise) to assume expressly and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no succession had taken place. As used in this Agreement, "Company" means the Company as hereinbefore defined and any successor to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement by operation of law or otherwise.
19. Advice of Counsel. Prior to execution of this Agreement, the Executive was advised by the Company of his right to seek independent advice from an attorney of the Executive's own selection regarding this Agreement. The Executive acknowledges that he has entered into this Agreement knowingly and voluntarily and with full knowledge and understanding of the provisions of this Agreement after having consulted with counsel.
20. Binding Effect. Subject to any provisions hereof restricting assignment, this Agreement will be binding upon the parties hereto and will inure to the benefit of the parties and their respective heirs, devisees, executors, administrators, legal representatives, successors and assigns.
21. Amendment; Waiver. This Agreement will not be amended, altered or modified except by an instrument in writing duly executed by the parties hereto. Neither the waiver by either of the parties hereto of a breach of or a default under any of the provisions of this Agreement, nor the failure of either of the parties, on one or more occasions, to enforce any of the provisions of this Agreement or to exercise any right or privilege hereunder, will thereafter be construed as a waiver of any subsequent breach or default of a similar nature, or as a waiver of any provisions, rights or privileges hereunder.
22. Headings. Section and subsection headings contained in this Agreement are inserted for convenience of reference only, will not be deemed to be a part of this Agreement for any purpose and will not in any way define or affect the meaning, construction or scope of any of the provisions hereof.
23. Governing Law. This Agreement, the rights and obligations of the parties hereto, and any claims or disputes relating thereto will be governed by and construed in accordance with the laws of the States of Delaware and California. The Executive and the Company consent to the exclusive personal jurisdiction and venue in the state and federal courts of New Castle County, Delaware or, alternatively, Orange and Los Angeles County in the State of California, for any lawsuit by the Executive against the Company or by the Company against the Executive.
24. Dispute Resolution; Attorneys' Fees and Costs. Any suit, action or proceeding brought by or against such party in connection with this Agreement will be brought in accordance with Section 23 above provided that if the Company brings any action or proceeding against the Executive in connection with this Agreement in Delaware, the Executive will be entitled to remove such action or proceeding to California and the Company hereby consents to any such removal. Each party expressly and irrevocably consents and submits to the jurisdiction and venue of each such court in connection with any such legal proceeding, including to enforce any settlement, order or award, and such party agrees to accept service of process by the other party or any of its agents in connection with any such proceeding. EACH PARTY HEREBY IRREVOCABLY WAIVES ALL RIGHT TO A TRIAL BY JURY IN ANY SUIT, ACTION OR OTHER PROCEEDING INSTITUTED BY OR AGAINST SUCH PARTY IN RESPECT OF ITS RIGHTS OR OBLIGATIONS HEREUNDER. If the Executive brings an action to enforce or effect the Executive's rights under this Agreement and is successful, in whole or part, the Company shall pay or reimburse the Executive for all costs and expenses incurred by the Executive in connection with such action, including without limitation the attorney's fees and costs incurred by counsel to the Executive.
25. Entire Agreement. This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof, and it supersedes all prior oral or written agreements, commitments or understandings with respect to the matters provided for herein, including, without limitation, the letter agreement, dated as of November 30, 2017, by and between General Information Solutions LLC and the Executive and any Confidentiality, Non-Solicitation and Proprietary Rights Agreement or other agreement addressing the same topics as Sections 7 and 8 of this Agreement.
26. Section 409A Compliance. It is the intent of this Agreement to comply with the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the "Code"), so that none of the severance and other payments and benefits to be provided hereunder will be subject to the additional tax imposed under Section 409A of the Code, and this Agreement will be interpreted accordingly. The Executive's right to a series of installment payments under this Agreement will be treated as a right to a series of separate payments within the meaning of Treas. Reg. § 1.409A-2(b)(2)(iii). The foregoing notwithstanding, the Company will in no event whatsoever be liable for any additional tax, interest or penalty incurred by the Executive as a result of the failure of any payment or benefit to satisfy the requirements of Section 409A of the Code. Notwithstanding any provision to the contrary in this Agreement, (a) no amount of nonqualified deferred compensation subject to Section 409A of the Code that is payable in connection with the termination of the Executive's employment will be paid to the Executive unless the termination of the Executive's employment constitutes a "separation from service" within the meaning of Section 1.409A-1(h) of the Department of Treasury Regulations; (b) if the Executive is deemed at the time of his separation from service to be a "specified employee" for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent that delayed commencement of any portion of the termination benefits to which the Executive is entitled under this Agreement (after taking into account all exclusions applicable to such termination benefits under Section 409A) is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of the Executive's termination benefits will not be provided to the Executive prior to the earlier of (i) the expiration of the six-month period measured from the date of the Executive's "separation from service" with the Company (as such term is defined in the Department of Treasury Regulations issued under Section 409A) and (ii) the date of the Executive's death; provided that upon the earlier of such dates, all payments deferred pursuant to this clause (b) will be paid to the Executive in a lump sum, and any remaining payments due under this Agreement will be paid as otherwise provided herein; (c) the determination of whether the Executive is a "specified employee" for purposes of Section 409A(a)(2)(B)(i) of the Code as of the time of his separation from service will be made by the Company in accordance with the terms of Section 409A of the Code and applicable guidance thereunder (including, without limitation, Section 1.409A-1(i) of the Department of Treasury Regulations and any successor provision thereto); and (d) to the extent that any reimbursement of expenses or in-kind benefits constitutes "deferred compensation" under Section 409A of the Code, such reimbursement or benefit will be provided no later than December 31 of the year following the year in which the expense was incurred. The amount of expenses reimbursed in one year will not affect the amount eligible for reimbursement in any subsequent year. The amount of any in-kind benefits provided in one year will not affect the amount of in-kind benefits provided in any other year.
27. Section 280G of the Code. If there is a change of ownership or effective control or change in the ownership of a substantial portion of the assets of a corporation (within the meaning of Section 280G of the Code) and any payment or benefit (including payments and benefits pursuant to this Agreement) that the Executive would receive from the Company or otherwise ("Transaction Payment") would (a) constitute a "parachute payment" within the meaning of Section 280G of the Code and (b) but for this sentence, be subject to the excise tax imposed by Section 4999 of the Code (the "Excise Tax"), then the Company will cause to be
determined, before any amounts of the Transaction Payment are paid to the Executive, which of the following two alternative forms of payment would result in the Executive's receipt, on an after-tax basis, of the greater amount of the Transaction Payment notwithstanding that all or some portion of the Transaction Payment may be subject to the Excise Tax: (i) payment in full of the entire amount of the Transaction Payment (a "Full Payment") or (ii) payment of only a part of the Transaction Payment so that the Executive receives the largest payment possible without the imposition of the Excise Tax (a "Reduced Payment") and the Executive will be entitled to payment of whichever amount that will result in a greater after-tax amount for the Executive. For purposes of determining whether to make a Full Payment or a Reduced Payment, the Company will cause to be taken into account all applicable federal, state and local income and employment taxes and the Excise Tax (all computed at the highest applicable marginal rate, net of the maximum reduction in federal income taxes which could be obtained from a deduction of such state and local taxes). If a Reduced Payment is made, the reduction in payments and/or benefits will occur in the following order: (x) first, reduction of cash payments, in reverse order of scheduled payment date (or if necessary, to zero), (y) then, reduction of non-cash and non-equity benefits provided to the Executive, on a pro rata basis (or if necessary, to zero) and (z) then, cancellation of the acceleration of vesting of equity award compensation in the reverse order of the date of grant of the Executive's equity awards.
28. Counterparts. This Agreement may be executed in two or more counterparts, each of which will be an original and all of which will be deemed to constitute one and the same instrument.
IN WITNESS WHEREOF, the undersigned have duly executed this Agreement, or have caused this Agreement to be duly executed on their behalf, as of the day and year first hereinabove written.
HIRERIGHT HOLDINGS
CORPORATION:
THE EXECUTIVE:
Guy Abramo
Doc#: US1:15375531v1
Retained Inventions
The following is a complete list of all inventions or improvements relevant to the subject matter of my employment (which includes my acting as a consultant or part-time employee) by the Company or its predecessors which have been made or conceived or first reduced to practice by me alone or jointly with others prior to my engagement by the Company or its predecessors:
Initial in box if No Retained Inventions
In connection with the termination of employment of Guy Abramo (the "Executive") pursuant to the Employment Agreement, dated as of ______________, 2021, by and between HireRight Holdings Corporation (the "Employment Agreement"), a Delaware corporation (the "Company"), and the Executive, the Executive agrees as follows:
1. Release of Claims
In partial consideration of the payments and benefits described in Section 14[b][(c)] of the Employment Agreement (the "Separation Payments"), to which the Executive agrees that the Executive is not entitled until and unless the Executive executes this waiver and release of claims (this "Release") and it becomes effective in accordance with the terms hereof, the Executive, for and on behalf of the Executive and the Executive's heirs, successors and assigns, subject to the last sentence of this Section 1, hereby waives and releases any common law, statutory or other complaints, claims, charges or causes of action of any kind whatsoever, both known and unknown, in law or in equity, which the Executive ever had, now has or may have against the Company and its former, present or future shareholders, parents, subsidiaries, affiliates, predecessors, successors, assigns, directors, officers, partners, members, managers, employees, trustees (in their official and individual capacities), employee benefit plans, and their administrators and fiduciaries (in their official and individual capacities), representatives or agents and each of their affiliates, successors and assigns (collectively, the "Releasees"), by reason of facts or omissions which have occurred on or prior to the date that the Executive signs this Release, including, without limitation, any complaint, charge or cause of action by or on behalf of the Executive arising out of the Executive's employment or termination of employment, or any term or condition of that employment, or arising under federal, state, local or foreign laws pertaining to employment, including, without limitation, the Age Discrimination in Employment Act of 1967 ("ADEA," a law which prohibits discrimination on the basis of age), the Older Workers Benefit Protection Act, the National Labor Relations Act, the Civil Rights Act of 1991, the Americans with Disabilities Act of 1990, Title VII of the Civil Rights Act of 1964, the Employee Retirement Income Security Act of 1974, the Family and Medical Leave Act, the Worker Adjustment Retraining and Notification Act and similar state laws, the Equal Pay Act, the Fair Labor Standards Act, the Securities Act of 1933, the Securities Exchange Act of 1934, the Sarbanes-Oxley Act of 2002, the California Fair Employment and Housing Act, California Labor Code Section 200 et seq., and any applicable California Industrial Welfare Commission order, all as amended, and any other federal, state and local laws relating to discrimination on the basis of age, sex or other protected class, all claims under federal, state or local laws for express or implied breach of contract, wrongful discharge, defamation, intentional infliction of emotional distress and any related claims for attorneys' fees and costs. The Executive further agrees that this Release may be pleaded as a full defense to any action, suit, arbitration, or other proceeding covered by the terms hereof which is or may be initiated, prosecuted or maintained by the Executive, the Executive's descendants, dependents, heirs, executors, administrators or permitted assigns. By signing this Release, the Executive acknowledges that the Executive intends to waive
and release any rights known or unknown that the Executive may have against the Releasees under these and any other laws; provided that the Executive does not waive or release claims with respect to (i) any rights the Executive may have to the Separation Payments and (d) of the Employment Agreement and rights to any vested benefits under the Company's employee benefit plans, (ii) any claims or rights under the Company's indemnification policy and (iii) rights that cannot be released as a matter of law (collectively, the "Unreleased Claims"). The Executive hereby waives any and all claims to reemployment with the Company or any of its affiliates and affirmatively agrees not to seek further employment with the Company or any of its affiliates.
If the Executive has worked or is working in California, the Executive expressly agrees to waive the protection of Section 1542 of the California Civil Code, which provides:
A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS THAT THE CREDITOR OR RELEASING PARTY DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, AND THAT IF KNOWN BY HIM OR HER, WOULD HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR OR RELEASED PARTY.
2. Proceedings
The Executive acknowledges that neither the Executive nor anyone on the Executive's behalf has filed any complaint, charge, claim or proceeding against any of the Releasees before any local, state, federal or foreign agency, court, arbitrator, mediator, arbitration, or mediation panel or other body (each individually, a "Proceeding"). The Executive represents that the Executive is not aware of any basis on which such a Proceeding could reasonably be instituted; provided that if the Executive is aware of any basis on which such a Proceeding could reasonably be instituted, then the Executive has disclosed such basis to the Company in writing. The Executive (i) acknowledges that the Executive will not initiate or cause to be initiated on the Executive's behalf any Proceeding (except with respect to an Unreleased Claim) and will not participate in any Proceeding (except with respect to an Unreleased Claim), in each case, except as required by law, and (ii) waives any right the Executive may have to benefit in any manner from any relief (whether monetary or otherwise) arising out of any Proceeding, including any Proceeding conducted by the Equal Employment Opportunity Commission ("EEOC"). Further, the Executive understands that, by executing this Release, the Executive will be limiting the availability of certain remedies that the Executive may have against the Company and limiting also the ability of the Executive to pursue certain claims against the Releasees. Notwithstanding the above, nothing in Section 1 of this Release will prevent the Executive from (a) initiating or causing to be initiated on the Executive's behalf any complaint, charge, claim or proceeding against the Company before any local, state or federal agency, court or other body challenging the validity of the waiver of the Executive's claims under ADEA contained in Section 1 of this Release (but no other portion of such waiver), (b) enforcing the Executive's rights to receive the Separation Payments or (c) initiating or participating in an investigation or proceeding conducted by the EEOC.
3. Time to Consider
The Executive acknowledges that the Executive has been advised that the Executive has [twenty-one][forty-five] days from the date of receipt of this Release to consider all the provisions of this Release and to the extent the Executive signs this Release prior to the expiration of such period the Executive does hereby knowingly and voluntarily waive the remaining portion of such [twenty-one][forty-five]-day period. THE EXECUTIVE FURTHER ACKNOWLEDGES THAT THE EXECUTIVE HAS READ THIS RELEASE CAREFULLY, HAS BEEN ADVISED BY THE COMPANY TO CONSULT, AND HAS IN FACT CONSULTED, AN ATTORNEY AND FULLY UNDERSTANDS THAT BY SIGNING BELOW THE EXECUTIVE IS GIVING UP CERTAIN RIGHTS WHICH THE EXECUTIVE MAY HAVE TO SUE OR ASSERT A CLAIM AGAINST ANY OF THE RELEASEES, AS DESCRIBED IN SECTION 1 OF THIS RELEASE AND THE OTHER PROVISIONS HEREOF. THE EXECUTIVE ACKNOWLEDGES THAT THE EXECUTIVE HAS NOT BEEN FORCED OR PRESSURED IN ANY MANNER WHATSOEVER TO SIGN THIS RELEASE, AND THE EXECUTIVE AGREES TO ALL OF ITS TERMS VOLUNTARILY.
4. Revocation
The Executive hereby acknowledges and understands that the Executive will have seven days from the date of execution of this Release to revoke this Release (including, without limitation, any and all claims arising under ADEA) and that neither the Company nor any other person is obligated to provide any payments or benefits to the Executive pursuant to the Employment Agreement until eight days have passed since the Executive's signing of this Release without the Executive having revoked this Release. If the Executive revokes this Release, the Executive will be deemed not to have accepted the terms of this Release, and no action will be required of the Company under any section of this Release. Any revocation of this Release must be made in writing and delivered to the Company in accordance with Section 15 of the Employment Agreement.
5. Remedies
The Executive understands and agrees that if the Executive breaches any provisions of this Release or fails to timely execute and deliver this Release, or timely revokes the Executive's acceptance of its terms, in addition to any other legal or equitable remedy the Company may have, the Company will be entitled to cease making any Separation Payments, and the Executive will reimburse the Company for all attorneys' fees and costs incurred by it arising out of any such breach (but will not reimburse for any attorneys' fees or costs in the event that the Executive does not execute this Release or if the Executive revokes this Release). The remedies set forth in this section will not apply to any challenge to the validity of the waiver and release of the Executive's rights under ADEA. In the event that the Executive challenges the validity of the waiver and release of the Executive's rights under ADEA, then the Company's right to attorneys' fees and costs will be governed by the provisions of ADEA, so that the Company may recover such fees and costs if the lawsuit is brought by the Executive in bad faith. Any such action permitted by this section, however, will not affect or impair any of the Executive's obligations under this Release, including, without limitation, the release of claims in Section 1. The
Executive agrees further that nothing herein will preclude the Company from recovering attorneys' fees, costs or any other remedies specifically authorized under applicable law.
6. Reaffirmation of Existing Agreements
The Executive acknowledges and reaffirms that the Executive's existing obligations under the Employment Agreement and any other agreement to which the Executive and the Company are parties (the "Existing Agreements") survive the end of the Executive's employment and continue according to their respective terms, and that the Executive has fully complied with such obligations.
7. No Admission; Confidentiality
This Release does not constitute an admission of liability or wrongdoing of any kind by the Executive or the Company. Except as expressly set forth otherwise in this Release, the Executive agrees that the Executive will not disclose the terms of this Release, except to the Executive's immediate family and the Executive's financial and legal counsel and advisors or as may be required by law or ordered by a court. The Executive further agrees that any disclosure to the Executive's financial and legal counsel and advisors will only be made after such counsel and advisors acknowledge and agree to maintain the confidentiality of this Agreement and its terms.
The provisions of this Release will be binding upon the Executive's heirs, executors, administrators, legal representatives and assigns. A failure of any of the Releasees to insist on strict compliance with any provision of this Release will not be deemed a waiver of such provision or any other provision hereof. If any provision of this Release is determined to be so broad as to be unenforceable, such provision will be interpreted to be only so broad as is enforceable, and in the event that any provision is determined to be entirely unenforceable, such provision will be deemed severable, such that all other provisions of this Release will remain valid and binding upon the Executive and the Releasees. For the avoidance of doubt, each of the Releasees will be a third-party beneficiary to this Release and will be entitled to enforce this Release in accordance with its terms.
The validity, interpretations, construction, and performance of this Release will be governed by the laws of the State of Delaware without giving effect to conflict of laws principles. By execution of this Release, the Executive waives any right to trial by jury in connection with any suit, action or proceeding under or in connection with this Release. The Executive hereby represents that the Executive was represented by counsel and expressly agrees to all the provisions in this Agreement, including, without limitation, this Section 9.
IN WITNESS WHEREOF, the Executive has executed and delivered this Release as of the date written below.
DATE Guy Abramo
Not to be executed until termination of employment

redpajama_set_name: RedPajamaCommonCrawl


by Sadness... :) 2 mins.
As Eyva stood in her cabin, all frozen, waiting for her brothers to come, she loaded her mind with pictures of death and avail, and her mother's mutilated face. She did not know why, or how to stop it. Her heart ached, for she does not want to remember the day. The day her mother turned to her, just so Eyva saw a blank stare with no eyes, nose or mouth. Her mind was never the same, and since that, she was numb. And felt nothing, even when her brothers started to abuse her with words, or even with brute force. She was a mindless soul now.
Eyva started to hear voices. Raspy and hollow, the voice kept saying her name. Eyva felt something she never did before, FEAR. She ignored it, but the voice did not stop. Covering her ears, the voice was gone.
She then went to the window, looking for her brothers. She didn't like to be alone, even though they weren't the nicest to her. She liked being in company of humans, it allowed her to be numb, as she made herself to be. But you cannot escape solitude.
As she looked through the thick snow outside of her cottage, she heard a child say her name. She was stunned, her back clenched. A tear on her eyelid, did not fall for she did not move. She did not dare.
As a minute passed, she turned, and regret befell her. A crocked smile in the dark, grinned at her. She swallowed the air, and let out a scream. The grin disappeared, and she could not scream, like her voice was taken.
She looked at the abyss of the corner, in which a dark silhouette resided. It was tall, and its head crocked, you could not see it's eyes, or anything else, except the wide open mouth, with teeth like knives coming out like a storm.
Eyva could not move, scream or close her eyes. The thing said again, like a child "Eyva".
She did not dare to answer, for she heard of demons, that seek your respond, And if you do respond, you are in their command.
The silhouette started shaking, trembling. A weird and uneasy feeling came over Eyva. The creature vanished and so did Eyva's emotions, all but one. And that is fear. She started sobbing, you could not know if she was screaming or crying.
The door slammed,it was her brother.
"What are you doing!?" he yelled.
He yanked her on his shoulder, and went towards her room. When Eyva cried on his back, she saw it, IT. The little child, pail, curly black hair, and one orange eye. She then just descended into deep sleep.
© Sadness... :), 2019. All rights reserved.


text:
Tulsa's Carter does it all, including big plays
BY foxsports • August 29, 2012
Tulsa coach Bill Blankenship really couldn't blame Willie Carter for being impatient.
Carter was ready for his chance to get on the field and show what he could do. He was just stuck behind a talented player with the skills that wound up landing him on an NFL roster.
So, Carter bided his time and just as soon as his number was called, he blossomed into a threat for the Golden Hurricane. In his first season in a starting role, Carter led the team with 61 catches and 868 yards receiving, helping to make up for the dismissal of top receiver Damaris Johnson just before the opener.
The big, beefy H-back has returned for his senior year and could have an even larger role this time around.
''He's a playmaker,'' Blankenship said Tuesday. ''It's just funny as you watch him, he's kind of the jack of all trades, master of none. He's not the best route-runner. He's not the best blocker. And yet he leads our team in receiving, is the best blocker in the backfield. He just does all that even though any one skill is not the thing he's mastered.''
Carter, who hails from Crockett in East Texas, follows in a line of talented players who have made the leap to the NFL from his position. Garrett Mills set an NCAA record for receiving yards by a tight end in 2005 before heading into the NFL, and Charles Clay scored the second-most touchdowns in school history before becoming a backup tight end with the Miami Dolphins.
Before Carter could get his chance, he had to wait and learn behind Clay. He emerged last season and was one of five captains chosen for 2012 - along with starting quarterback Cody Green, safety Dexter McCoil, center Trent Dupy and defensive tackle Derrick Jackson.
Although he's considered an H-back in Tulsa's current offensive scheme, Carter fills a similar do-it-all role to Mills and Clay before him.
''Some people look at my role as far as me doing everything. I look at it as I do whatever I can do to help my team win,'' Carter said. ''That's my role. That's going to always be my role. If that requires me scoring touchdowns to help my team win, I'll do that. But if I have to block also in order for us to score a touchdown, I would rather do that.''
It wasn't always that way for Carter. Before Blankenship was promoted to head coach before to last season, he had a young Carter in his position group as the wide receivers coach.
''As a player, he's just amazing to have developed into the player he (is). When he was fresh out of Crockett, he was not real big on sticking his nose in there and blocking people and doing those kind of things,'' Blankenship said. ''He learned how to do that and he has become a tremendous weapon for us.''
Green calls him ''the mismatch person from hell.''
''Nobody wants to see him. He's bigger, faster and stronger than linebackers. He's bigger, faster and stronger than safeties,'' said Green, a transfer from Nebraska. ''Nobody wants to see him.''
As has become custom at Tulsa in recent years, the season opener will come on the road against an opponent from a BCS conference. This year starts Saturday with a trip to Iowa State, one of the schools that recruited Carter out of high school.
''They're going to move him around, they're going to line him up in different locations. But you better know where he's at when they do that,'' Cyclones coach Paul Rhoads said. ''He's a very dangerous player, a high quality player and he's a big component of our game plan against them.''
Carter entered the offseason with a chip on his shoulder after he pulled his hamstring two days before the Armed Forces Bowl and had to sit out a loss to BYU. He added about 15 pounds to his frame and now weighs between 240 and 245 pounds. Yet Blankenship believes he has done it while maintaining the speed that makes the high-school track athlete such a versatile threat.
The goal is to make Carter that much more difficult to defend.
''He always provides that mismatch in the game and he provides that stable player that you can put anywhere anytime - that team player that you always want on your team in order for your team to be successful,'' McCoil said.
Carter does it all without saying much. While Green is the team's vocal leader, Carter is known as the one who sets an example, although he's not afraid to pipe up when the situation calls for it.
''That's just my personality. Most people tell me that I'm a quiet person,'' Carter said. ''I'm quiet but I'm going to make sure I get my work done at the same time.''
AP Sports Writer Luke Meredith contributed to this report from Ames, Iowa.


Hey all...sharing this cute little card I made using Oak Tree Stamps New Chibi Girl set & Layered Blossoms Set, along with DCWV 's Watercolor Stack....I love it. Full list of supplies at the bottom.
I love all the combo of the colors in the DCWV Watercolor Stack.
I also used DCWV's Double Sided Card Stock Stack.
This little Chibi Girl was colored in using Copics & Windsor Newton White Blending Marker.
The flower & Leaf were stamped out using Tim Holtz Distress Inks.
Isn't she adorable...I love those lashes.
Copics sorry forgot to write down the colors.


text:
Thu, 28 July 2016
Bryan Slusarchuk--K92 Ahead of Schedule and Under Budget #3190
When last we talked with Bryan Slusarchuk K92 Mining had just gone public and there was much optimism. Production at this world class mine was expected to commence by the end of 2016. Fast forward to the end of July and our sponsor has great news. The project has gone better than anyone had a right to expect. Production is going to start in mere days and will build-up rapidly and they're under budget. That's great news in an industry that's often plagued by lengthy delays and excessive cost overruns.
Direct download: Brian_K92_28.Jul.16.mp3
Rob McEwen--What It Takes To Be A Miner #3189
Rob McEwen sat down with us in Vancouver. For those not in the know, Rob's a legend in the mining business. He helped build Goldcorp into a powerhouse and now he's looking to repeat the process with McEwen Mining. He says it's something that gets in your blood and you just get hooked on it. And while the business has certainly gotten more complex and more regulated, the opportunities for huge profits haven't gone away. His current company is well situated to take advantage of the current bull market. We wish him well.
Direct download: Rob_McEwen_28.Jul.16.mp3
Wed, 27 July 2016
Andrew Hoffman--They Shoot Central Bankers, Don't They? #3188
We're Screwed Wednesdays With Andrew Hoffman:
The Fed meets its maker today
Abysmal Deutschebank earnings
Crashing oil prices
Japan Helicopter Money
The "commercials" CAN'T COVER THEIR SILVER SHORTS!
Direct download: Andy_Hoffman_27.Jul.16.mp3
Richard Duncan--Central Banks Will Not Let The System Collapse No Matter What #3187
Noted Economist and author Richard Duncan joined us for an in depth discussion of the continuing economic malaise. Richard reviews the causes of the collapse and what governments and central banks have done to try and arrest the decline. He believes the whatever it takes mentality will continue on and that no politician or banker will risk a prolonged depression or collapse. Therefore, look for more of the same only worse, as the alternative is even more frightening. There's a special offer for FSN community members for Richard's Macrowatch service. Go to RichardDuncanEconomics.com and use the code survival.
Direct download: Richard_Duncan_25.Jul.16.mp3
John Rubino--Everyone Will Know Everything Eventually! #3186
The latest Wikileaks document dump is proving particularly disastrous to the democrats. It has forced party chair Deborah Wasserman Schultz to resign and has shown devious alignment between the media and the party. Also disclosed, potential appointments to wealthy donors--I'm shocked! What started out as a Philadelphia lovefest is quickly turning into a nightmare as Bernie Sanders allegations of a rigged process have been proven all too true. Next up, Clinton Foundation Emails, where the bodies are really buried.
Direct download: John_Rubino_25.Jul.16.mp3
Ellory Wells--Everyone Needs An Exit Strategy #3185
Ellory Wells woke up one day in 2009 and found himself unemployed. He stayed that way for 3 months. While he found other employment in the tech industry, he was dissatisfied. This led to his creation of an Exit Strategy. Now he shows others how to do what he did. For him it was the key to finding happiness. Getting out of the rat race made all the difference. For you, it's time to start planning yours now.
Direct download: Ellory_Wells_20.Jul.16.mp3
Andrew Hoffman--Deutsche Bank's Final Stand! #3183
DEUTCHEBANK DOWNGRADE!
Turkey Coup
Collapsing Oil
Cartel desperation
Euro to fall below 1.10, as Commodity Currencies implode
End game approaching!
Danielle Park--Return of Glass–Steagall #3184
Not much usually comes of presidential conventions, but perhaps this time will be different. Donald Trump has called for the reimposition of the Glass-Steagall Act. That was the Depression Era law which split commercial banking from investment banking. It helped keep the financial sector safe for nearly 60 years. During the Clinton Admin, it was done away with and we all know what happened next. Now we have Dodd-Frank, which has done absolutely nothing to prevent another financial crisis. While it has imposed certain controls upon the big banks, the Too Big To Fails keep getting ever bigger, virtually insuring the next crisis is even larger. Glass-Steagall is exactly what's needed now and Trump's plan is a major step in the right direction.
Direct download: Danielle_Park_19.Jul.16.mp3
Trevor Louden--When Freedom Dies In The US It Dies All Over #3182
The United States was an accident of history. However, it led to an unprecedented expansion of individual rights and liberty never before seen in the history of man. Now it's all in jeopardy. The collectivists are winning the battle, opening the way for China, Russia and the Islamists to destroy freedom. Never before has freedom's grip hung so tenuously. Is Donald Trump freedom's last chance? While he's an imperfect messenger, Trevor believes he's all we have.
Direct download: Trevor_Louden_18.Jul.16.mp3
John Mulvey--Open A Safe Deposit Box In New Zealand OnLine #3181
You never know what you're going to find at Freedomfest. John Mulvey's New Zealand Vault allow's you to open a safe deposit box online and accept bullion deliveries remotely. You watch it all online and a major accounting firm takes delivery for you. And then they send you the keys. Could it be any easier? Just one of the many quirky little services you'll find at Freedomfest.
Direct download: John_Miley_15.Jul.16.mp3
John Rubino--Truth Is The First Casualty Of Government #3180
John joined us to discuss the coup in Turkey and his inability to get his podcast out because there was too much happening because events were moving too quickly. The Turkish Coup is rapidly evolving into a dictatorship. It has some elements of a false flag. Where did he learn that. Cop shootings all over the US. The terrorist attack in France using a truck which means that it's impossible to stop. And how do you stop cop killings?
Dan Johnson--Auditing The IRS #3179
Dan Johnson of the Tax Revolution Institute has a novel idea, audit the IRS. The first thing is to know the enemy. They're surveying people to understand what the IRS is doing. They want find out how the agency is overstepping it's bounds. How is it exceeding its statutory limitations, is it actually doing it at all? Once this information is known then it will be published and hopefully solutions will be proposed. As we all know ignorance of law is no defense, but people of average intelligence should be able to understand these laws without possessing an advanced degree.
Direct download: Dan_Johnson_15.Jul.16.mp3
Peter Schiff--All Coming To Pass As Peter Said It Would #3178
Peter and I have been speaking for 5 years now. We're seeing state sponsored civil unrest. 2016 is the beginning of the process that Peter has been warning of. People have been distracted by the bubble that the Fed blew. Bernanke was the hero. However, the reality is that everything that was done actually made the problems much worse and now we're heading for a much worse disaster for which there are now bail-outs. There is no riding out this disaster.
Direct download: Peter_Schiff_15.Jul.16.mp3
Matt Bellis--Liberty HealthShare's Explosive Growth Continues #3177
Matt Bellis is communications director of Liberty HealthShare. In the past year enrollment has grown to 25,000 families and 65,000 people. The reason for this growth is quite simple, the nature of healthcare cost sharing is that it shifts control from government bureaucrats and insurance company employees back to you the patient. And the cost is as much as 80% less than conventional health insurance. I have personally save thousands in the past year. Recently I had minor surgery and Liberty took care of it all. Liberty is truly a revolution in healthcare cost payment and sharing.
Direct download: Matt_Bellis_15.Jul.15.mp3
Doug Casey--On To His Next Career-Novelist #3176
Doug Casey has done so much in his life. Investor, speculator, best-selling writer, real estate investor and much more. Now he's entered the realm of fiction write. His upcoming series of novels will start with The Speculator. It promises to be an entertaining yet educating series. As Doug says, I can now say things that I could never says before, since I'm writing fiction. The book will be out in September, we can't wait!
Direct download: Doug_Casey_15.Jul.16.mp3
Jeff Berwick--Everybody's Favorite Anarchist-Time To Tax Everyone's Breath #3175
Jeff joined us at Freedomfest. As always he was ranting against the overreach of the state and it's increasing demands and extortion of the people. Jeff believes that the world is leaning more towards anarcho-capitalism. The Freedomfest group now opposes all criminalization of drugs and much government control of the market. Bitcoin's assent is another example. And here's a great Churchill quote, "One day, Winston Churchill went to the bathroom and ran into the head of the Labour Party, who was his political opponent. Churchill took the urinal furthest from him. The head of the Labour Party asked Churchill if he was just being modest. Churchill responded, 'Not at all. It's just that whenever you Labourite chaps see something that is large, privately owned and working well, you want to nationalize it." His rival burst out laughing, and the Labour Party abandoned the nationalization bill it was planning to introduce.'"
Direct download: Jeff_Berwick_14.Jul.16.mp3
Nicholas Sarwark--Head Of The National Libertarian Party #3174
Nicholas Sarwark has big plans for the National Libertarian Party. Faced with unprecedented dissatisfaction with the current two party system, he plans to push the party beyond its current limits. The Johnson-Weld presidential ticket is poling double digits, although where it will finish is anybody's guess. Sarwark is determined to make the party a viable national alternative to the current corrupt choices. From the looks of things, he's well on his way!
Direct download: Nicholas_Sarwark_14.Jul.16.mp3
Jared Meyer--Living In The Uber Economy #3173
Jared Meyer has written a book about Uber's success taking on the entrenched Taxi monopolies around the globe. He sees it as proof that entrepreneurs will win out over government and that eventually government will surrender to the will of the people. Additional example abound. Airbnb, Amazon and so many others. The sooner government gets out of the way and lets the market function, the better off we'll all be. Jared is a fellow at the famed Manhattan Institute.
Direct download: Jared_Meyer_14.Jul.16.mp3
Matt Nye--Are Libertarians Welcome In The Republican Party? #3172
Matt Nye heads up the Republican Liberty Caucus. The Republican Party hasn't exactly rolled out the red carpet for him. What's so hard for the Party to understand about fundamental rights and freedom? But somehow that Party has lost its way and they don't want to hear from the little guy. Matt would rather see Trump than Hillary, obviously.
Direct download: Matt_Nye_rlc.org_14.Jul.16.mp3
Mike Gazzola-Matt Behdjou--Mining The Amazon Mother Load #3171
You heard from Mike Gazzola before about his recent discovery about how easy it is to start a 6 or 7 figure business on Amazon. Now his partner Matt Behdjou appears with him and they talk about some of their successes and their blunders and how they can teach just about anyone to replicate their success. When we first spoke they had just broken the $150k mark. A few short weeks later and they're closing in on $200k, pulling in over $2000 per day. All this in less than 6 months of operations. If I didn't know these two guys personally, I wouldn't believe it was possible! Listen in and tell me what you think.
Direct download: Mike_G_Amazon_2_12.Jul.16.mp3
Andrew Hoffman--Silver 20.50 or Bust #3170
Where Will It Go Wednesdays, special Tuesday edition, with Andrew Hoffman:
Imminent end of the Cartel, as it's "Achilles Heel," silver, is causing record "commercial" short position to surge
The expanding, negative ramifications of BrExit
Japan's last ditch effort - with "partner" Ben Bernanke" - of "Helicopter Money"
Jason Hartman--Biggest Problem Is A Shortage Of Quality Properties #3169
We're now living in the Post-Brexit Era or PB and Jason's biggest problem is not enough quality product. We're talking single family homes in landlord friendly jurisdictions at the right price. Mortgage rates continue to stay low and have even declined slightly. Jason believes that this is a case where debt actually becomes an asset, which actually makes quite a bit of sense when you take a closer look at it. Undervalued debt on an income producing asset actually increases your return. It also has the negative effect of making investments that would otherwise not be viable, appear to be so. But that's living life under government control and the Fed.
Direct download: Jason_Hartman_11.Jul.16.mp3
Jordan Goodman--Post Brexit Volatility-What's Next? #3168
What's next with Brexit? All the world's markets fell initially and then a miracle, the markets recouped their losses and then some. Bond yields are falling like a stone! Precious metals a booming, so what does it all mean? People are looking for safety at all costs. What's an investor to do? Vix is looking bad. Jordan still likes commercial real estate bridge loans and domestic US companies like Home Depot and Utilities. But be careful at all costs.
Direct download: Jordan_Goodman_11.Jul.16.mp3
John Rubino--Bad News Is Good News--Strength Through Ignorance #3167
What was bad news just one week ago is now good news. That was a crazy world we're living through. But gold seems to be seeing through this charade. We've never been in this situation before. 5 countries with negative interest rates. Will gold and silver keep going up? John thinks it will? He'll be writing about it in his next book due out in the Fall and about the investment opportunities that will be available when the system resets itself.
Sat, 9 July 2016
Marin Katusa--Convinced That Gold Has Nowhere To Go But Up #3166
Best selling author Marin Katusa has surveyed the worldwide economic landscape and finds it greatly lacking. From negative interest rates, to Brexit, to deteriorating currencies and collapsing nations, there's just no way to fix it. That's why he's wildly bullish about gold and gold stocks. One in particular is Brazil Resources (BRI.V), which is currently hitting new highs, he believes has much further to go. Another interesting factor is that gold as a percentage of wealthy investors' holdings has never been lower at just a meager .2 % of total holdings. Once this group wises up, and they most definitely will, who knows where the price will go. These are the things that Marin focuses on in his free newsletter at KatusaResearch.com
Direct download: Marin_Katusa_07.Jul.16.mp3