EX-10.1
from 8-K
11 pages
Separation Agreement and General Release Methode Electronics, Inc. (“Methode” or “Employer”), on the One Hand, and Andrea J. Barry (“Employee,” as Further Defined Below), on the Other Hand, Agree as Follows. 1. Terms Not Defined Elsewhere in This Agreement. A. “2024 Rsu Agreement” Means the Restricted Stock Unit Award Agreement Between Employer and Employee Effective as of July 25, 2024. B. “Agreement” Means This Separation Agreement and General Release. C. “Employee” Means Andrea J. Barry and Her Heirs, Executors, Administrators, and Assigns. D. “FY2025 Bonus” Means the Annual Bonus Performance Grant Award Agreement (Fiscal 2025) Effective as of September 11, 2024. E. “Performance Award Agreement” Means the 2020 Long-Term Performance-Based Award Agreement Between Employer and Employee Effective as of September 27, 2020. F. “Pipa” Means the Proprietary Interests Protection Agreement Executed by Employee on September 20, 2024. G. “Retention Award Agreement” Means the Retention Award Agreement – Cash Between Employer and Employee Dated and Effective as of September 13, 2023. H. “Time-Based Award Agreement” Means the 2020 Long-Term Time-Based Award Agreement Between Employer and Employee Effective as of September 27, 2020. 2. Remaining Employment. A
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