EX-10.2
from 8-K
14 pages
The Company Received Your Resignation Notice Subject to Terms Being Agreed. This Letter of Agreement and General Release (“Agreement”) Confirms Our Mutual Agreement Regarding the Terms and Conditions of Your Separation From Employment and With F45 Training Holdings Inc. and Each of Its Parents, Subsidiaries and Affiliates, Including Any and All Offices or Positions Held With the Subsidiaries and Affiliates (“F45” or the “Company”). You and the Company Agree as Follows: 1. Separation From Employment. by Mutual Agreement With the Company, and in Consideration of the Mutual Promises and Commitments Set Forth in This Agreement, You Have Resigned From the Company Effective Upon Your Execution of This Agreement (The “Separation Date”). 2. Consideration. A) Provided That You Have Executed This Agreement and That It Becomes Effective in Accordance With Its Terms, and That You Otherwise Comply With Your Commitments and Obligations Under This Agreement, You Shall Receive the Following Consideration: I) a Single Cash Payment in the Amount of Four Million Eight Hundred Thousand Dollars and Zero Cents ($4,800,000.00), Payable Within 7 Days of Your Separation Date
12/34/56
