EX-10.1
from 8-K
7 pages
December 9, 2022 Kevin Kennedy via Email/Docusign Dear Kevin: This Letter Sets Forth the Substance of the Separation Agreement (The “Agreement”) That Quanergy Systems, Inc. (The “Company”) Is Offering to You. 1. Separation. You and the Company Have Agreed That You Will Retire as Chief Executive Officer and Your Employment Will Terminate, Effective December 31, 2022 (The “Separation Date”). Although Your Employment Is Ending, You Will Remain Chair of the Board of Directors. 2. Accrued Salary and Paid Time Off. on the Separation Date, the Company Will Pay You All Accrued Salary Earned Through the Separation Date, Subject to Standard Payroll Deductions and Withholdings, as Well as Any Accrued and Unused Pto/Vacation. You Are Entitled to This Payment by Law
12/34/56