severance arrangement

Termination Severance Agreement

You are currently viewing:

This Termination Severance Agreement involves

JOHNSON & JOHNSON

. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here.

Title: severance arrangement
Date: 2/20/2009
Industry: Major Drugs Sector: Healthcare

severance arrangement, Parties: johnson & johnson

Exhibit 10(w)

KAYE FOSTER – CHEEK
Executive Committee Member
Vice President, Human Resources

Johnson & Johnson

One Johnson & Johnson Plaza
New Brunswick, NJ 08550

February 19, 2009

Mr. Alex Gorsky
Worldwide Chairman, Surgical Care Group
Executive Committee Member
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, NJ 08933

Dear Alex:

The forgoing shall reconfirm the mutual understanding between you and Johnson & Johnson (the “Company”) regarding the terms of your severance arrangement, originally agreed to in your offer letter dated January 9, 2008.

If the Company terminates your employment, other than for cause, within two years from February 11, 2008, the date you rejoined the Company, you shall be offered, in return for your execution of a general release, a severance payment in an amount determined in ac

SITE SEARCH

AGREEMENTS / CONTRACTS

CLAUSES

Search Contract Clauses >>

Browse Contract Clause Library>>

Get Email Updates