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SEPARATION PAY AGREEMENT

Termination Severance Agreement

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WRIGHT MEDICAL TECHNOLOGY, INC

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Title: SEPARATION PAY AGREEMENT
Governing Law: Tennessee     Date: 4/7/2009
Industry: Medical Equipment and Supplies     Sector: Healthcare

SEPARATION PAY AGREEMENT, Parties: wright medical technology  inc
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Exhibit 10.3

 

SEPARATION PAY AGREEMENT

 

By and Between

WRIGHT MEDICAL TECHNOLOGY, INC.

and

JOHN K. BAKEWELL

 

APRIL 1, 2009

 


 

SEPARATION PAY AGREEMENT

TABLE OF CONTENTS

 

 

 

 

 

1. Definitions

 

 

1

 

2. Sarbanes-Oxley Act of 2002

 

 

5

 

3. Notice and Date of Termination

 

 

6

 

4. Termination from the Board and any Offices Held

 

 

6

 

5. Severance Benefits upon Involuntary Termination Prior to Change in Control

 

 

6

 

6. Severance Benefits upon Involuntary Termination in Connection with and after a Change in Control

 

 

8

 

7. Severance Benefits upon Termination by the Company for Cause or by the Executive Other than for Good Reason

 

 

9

 

8. Severance Benefits upon Termination due to Death

 

 

10

 

9. Adjustments to Maximize After-Tax Benefits

 

 

10

 

10. Nonexclusivity of Rights

 

 

10

 

11. Full Settlement; Mitigation

 

 

11

 

12. Representations

 

 

11

 

13. Executive’s Covenants

 

 

11

 

14. Specific Remedies for Executive Breach of the Covenants as outlined in Section 13

 

 

13

 

15. Potential Impact of Accounting Restatements on Certain Bonuses and Profits

 

 

14

 

16. Successors

 

 

14

 

17. Administration Prior to Change in Control

 

 

15

 

18. Delayed Commencement of Certain Payments

 

 

15

 

19. Miscellaneous

 

 

15

 

EXHIBIT A

 

 

18

 

EXHIBIT B

 

 

21

 

 


 

 

 

 

 

 

 

 

 

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