EVERYWARE GLOBAL, INC. FILES (8-K) Disclosing Change in Directors or Principal Officers
(Edgar Glimpses Via Acquire Media NewsEdge)
Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 15, 2014, EveryWare Global, Inc. (the "Company") entered into a
confidential separation agreement and general release (the "Volles Agreement")
with Jacqueline Volles in connection with her previously announced departure.
The Volles Agreement provides, among other things, that (i) Ms. Volles'
separation was effective on February 19, 2014, (ii) the Company will pay her six
months of severance through payroll continuation, in an amount not to exceed
$145,000, a discretionary bonus payment for 2013 in the amount of $47,000, less
all applicable withholdings and taxes, and an additional lump-sum payment in the
amount of $39,280 as an additional settlement amount, less all applicable
withholdings and taxes; (iii) it will make a payment to Ms. Volles's attorneys
in the amount of $38,220, and (iv) the Company will provide Ms. Volles, if she
so elects, with continued medical and dental coverage at the current employee
rate for a period of nine months.
In the Volles Agreement, the Company agreed to waive the non-compete provisions
contained in Ms. Volles' employment agreement and agreed not to contest Ms.
Volles' application for unemployment benefits. In the Volles Agreement, Ms.
Volles agreed to certain non-disparagement covenants and agreed to cooperate
with the Company in any internal investigation or any proceeding or dispute with
a third party involving matters about which she has knowledge for a period of
three years following her separation from the Company. Ms. Volles also agreed to
certain confidentiality covenants and acknowledged that she remains obligated
with respect to the non-solicitation covenants in her employment agreement. In
the Volles Agreement, Ms. Volles released and discharged any and all past and
present claims against the Company, its affiliates (including Monomoy Capital
Partners, L.P., Monomoy Capital Partners II, L.P. and Clinton Magnolia Master
Fund, Ltd.) and its representatives which may exist or have arisen up to and
including the date of the Volles Agreement, including claims that arise out of
her employment or relationship with the Company or any of its representatives
and the termination of her employment, except for the enforcement of the Volles
A copy of the Volles Agreement is attached as Exhibit 10.1 to this Current
Report on Form 8-K and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
Exhibit No. Description
10.1 The Confidential Separation Agreement and General Release dated
April 15, 2014, between the Company and Jacqueline Volles
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