Home Contract Samples A Amendment To Severance Agreement

Jump to Section

Quick Facts — Amendment To Severance Agreement Lawyers

What is an Amendment To Severance Agreement?

An amendment to severance agreement is a document intended to modify the terms of the original severance agreement by requiring a signature to affirm changes. The purpose of the document is to make it easy for employers and employees to come to an amicable agreement regarding the latter's separation from the company. It can be used to modify terms, such as what is included in the severance package. It is also often used to give former employees guidance on how long their severance pay will last and for how long they must refrain from competing with their former employer for.

Common Sections in Amendment To Severance Agreements

Below is a list of common sections included in Amendment To Severance Agreements. These sections are linked to the below sample agreement for you to explore.

Amendment To Severance Agreement Sample

Exhibit 10.11

SECOND AMENDMENT TO SEVERANCE AGREEMENT

This Second Amendment to Severance Agreement (this “Amendment”) is entered into as of the 29th day of April 2021, by and between TransAct Technologies Incorporated, a Delaware corporation (the “Company”), and Steven A. DeMartino, an executive officer of the Company (the “Executive”).
WHEREAS, the Executive and the Company are party to that certain Severance Agreement, dated as of June 1, 2004, as amended by the Amendment to Severance Agreement, dated as of December 23, 2008 (as so amended, the “Agreement”); and
WHEREAS, the Executive and the Company wish to enter into this Amendment solely to clarify a possible ambiguity with respect to the meaning of certain provisions of the Agreement and to reflect the understanding of the Executive, the Company and the Board of Directors of the Company (the “Board”) regarding such provisions.
NOW, THEREFORE, in consideration of the Executive’s continuing employment with the Company and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:
1.
Amendment of the AgreementThe Agreement is hereby amended solely to make the following changes:
a.
Clause (iii) of Section 2(a) of the Agreement shall be deleted and replaced in its entirety with the following text:
“(iii) continuation of the following benefits (the “Benefits”):  eligibility to participate in, and receive the maximum benefits available under, the Company’s insurance programs (including health, disability and life insurance) and any ERISA benefit plans, as the same may be adopted and/or amended from time to time, and all other fringe benefits that are provided by the Company to other senior executives, to receive the contribution by the Company to the Executive’s account of the maximum amount permitted under the Company’s 401(k) Plan and any other Company pension or retirement plan to the same extent available to the Executive during the Executive’s employment with the Company, and to receive the automobile allowance provided for the office of President and Chief Financial Officer under the Company’s automobile allowance policy.”
b.
Clause (iii) of Section 2(b) of the Agreement shall be deleted and replaced in its entirety with the following text:
“(iii) continuation of the Benefits.”

2.
Reference to and Effect on the Agreement.  On and after the date of this Amendment, each reference in the Agreement to “this Agreement,” “hereunder,” “hereof” or words of like import referring to the Agreement shall mean and be a reference to the Agreement, as amended by this Amendment. The Agreement, as specifically amended by this Amendment, is and shall continue to be in full force and effect and is hereby in all respects ratified and confirmed.



3.
Governing Law/Jurisdiction.  This Amendment shall be governed by and interpreted and governed in accordance with the laws of the State of Connecticut. The parties agree that this Amendment was made and entered into in Connecticut and each party hereby consents to the jurisdiction of a competent court in Connecticut to hear any dispute arising out of this Agreement.
4.
Headings.  The Section headings used herein are for convenience of reference only, are not part of this Amendment and are not to affect the construction of, or to be taken into consideration in interpreting, this Amendment.
5.
Counterparts.  This Amendment may be executed in any number of counterparts and by different parties hereto on separate counterparts, each of which when so executed and delivered shall be deemed to be an original, but all of which when taken together shall constitute a single instrument. Delivery of an executed counterpart of a signature page of this Amendment by facsimile or any other electronic transmission (including, without limitation, DocuSign, shall be effective as delivery of an original executed counterpart hereof.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date set forth below:
 
TRANSACT TECHNOLOGIES INCORPORATED:
 
 
By:   /s/ Bart C. Shuldman
Name:        Bart C. Shuldman
Title:            Chief Executive Officer
 
 
EXECUTIVE:
 
 
/s/ Steven A. DeMartino
STEVEN A. DEMARTINO
   




Reference:
Security Exchange Commission - Edgar Database, EX-10.11 3 exhibit1011.htm SECOND AMENDMENT TO SEVERANCE AGREEMENT BY AND BETWEEN TRANSACT AND STEVEN A. DEMARTINO, Viewed September 18, 2022, View Source on SEC.

Who Helps With Amendment To Severance Agreements?

Lawyers with backgrounds working on amendment to severance agreements work with clients to help. Do you need help with an amendment to severance agreement?

Post a project in ContractsCounsel's marketplace to get free bids from lawyers to draft, review, or negotiate amendment to severance agreements. All lawyers are vetted by our team and peer reviewed by our customers for you to explore before hiring.

See Real Severance Agreement Projects

Hawaii Employee Severance Agreement Drafting
  • Hawaii
  • 3 lawyer bids
  • $800 - $1,500
View Details
Colorado Severance Package Review
  • Colorado
  • 3 lawyer bids
  • $400 - $495
View Details
North Carolina Severance Agreement Review Review
  • North Carolina
  • 2 lawyer bids
  • $249 - $400
View Details
Illinois Review a severance agreement that needs to be signed by 7/28/23 Review
  • Illinois
  • 7 lawyer bids
  • $400 - $600
View Details
California Company Restructured - Need Severance Agreement Review Review
  • California
  • 6 lawyer bids
  • $325 - $899
View Details
Illinois Review Severance Agreement Review
  • Illinois
  • 3 lawyer bids
  • $249 - $799
View Details

See all Severance Agreement projects


ContractsCounsel is not a law firm, and this post should not be considered and does not contain legal advice. To ensure the information and advice in this post are correct, sufficient, and appropriate for your situation, please consult a licensed attorney. Also, using or accessing ContractsCounsel's site does not create an attorney-client relationship between you and ContractsCounsel.


Need help with an Amendment To Severance Agreement?

Create a free project posting
Clients Rate Lawyers 4.9 Stars
based on 20,683 reviews

Meet some of our Amendment To Severance Agreement Lawyers

Joshua D. on ContractsCounsel
View Joshua
5.0 (5)
Member Since:
June 5, 2025

Joshua D.

Business Attorney
Free Consultation
Lynn, MA
3 Yrs Experience
Licensed in MA
New England Law | Boston

I am an experienced small business attorney. I work diligently to ensure that small business owners achieve their objectives while maintaining compliance, satisfying legal duties, and engaging in smart contracting opportunities. I provide everything from organization, to lease/commercial real estate purchase agreement review and negotiation, and even IP filings. I can help to navigate commercial and government contracts, as well as other SaaS-type agreements.

Recent  ContractsCounsel Client  Review:
5.0

"Joshua is a phenomenal attorney to work with. He has a personality and isn't monotone to converse with. He is extremely responsive and delivers timely. He answered all my questions, while fairly abiding by the scope of representation. I would work with him again."

Morgan S. on ContractsCounsel
View Morgan
4.9 (17)
Member Since:
July 31, 2023

Morgan S.

Attorney
Free Consultation
Austin, Texas
5 Yrs Experience
Licensed in NY, TX, WV
University of Pittsburgh Law School

Corporate Attorney that represents startups, businesses, investors, VC/PE doing business throughout the country. Representing in a range of matters from formation to regulatory compliance to financings to exit. Have a practice that represents both domestic and foreign startups, businesses, and entrepreneurs. Along with VC, Private Equity, and investors.

Recent  ContractsCounsel Client  Review:
5.0

"Morgan was very detailed in his response and explanations. He showed me red flags, potential solutions, and where problems may occur. He explained some high risk clauses that did not make sense and I should not accept. Overall, Morgan saved me from bad business deal when I flagged his concerns to the counterparty. Thanks Morgan!"

Benjamin W. on ContractsCounsel
View Benjamin
5.0 (32)
Member Since:
March 11, 2021

Benjamin W.

Founder
Free Consultation
Los Angeles, CA
11 Yrs Experience
Licensed in CA
UCLA School of Law

I am a California-barred attorney specializing in business contracting needs. My areas of expertise include contract law, corporate formation, employment law, including independent contractor compliance, regulatory compliance and licensing, and general corporate law. I truly enjoy getting to know my clients, whether they are big businesses, small start-ups looking to launch, or individuals needing legal guidance. Some of my recent projects include: -drafting business purchase and sale agreements -drafting independent contractor agreements -creating influencer agreements -creating compliance policies and procedures for businesses in highly regulated industries -drafting service contracts -advising on CA legality of hiring gig workers including effects of Prop 22 and AB5 -forming LLCs -drafting terms of service and privacy policies -reviewing employment contracts I received my JD from UCLA School of Law and have been practicing for over five years in this area. I’m an avid reader and writer and believe those skills have served me well in my practice. I also complete continuing education courses regularly to ensure I am up-to-date on best practices for my clients. I pride myself on providing useful and accurate legal advice without complex and confusing jargon. I look forward to learning about your specific needs and helping you to accomplish your goals. Please reach out to learn more about my process and see if we are a good fit!

Recent  ContractsCounsel Client  Review:
5.0

"Amazing job. Calm and extremely knowledgeable. Would recommend to anyone."

Jordan M. on ContractsCounsel
View Jordan
5.0 (2)
Member Since:
October 14, 2021

Jordan M.

Partner
Free Consultation
Houston, TX
7 Yrs Experience
Licensed in TX
University of Houston Law Center

I am a software developer turned lawyer with 7+ years of experience drafting, reviewing, and negotiating SaaS agreements, as well as other technology agreements. I am a partner at Freeman Lovell PLLC, where I lead commercial contracts practice group. I work with startups, growing companies, and the Fortune 500 to make sure your legal go-to-market strategy works for you.

Elbert T. on ContractsCounsel
View Elbert
4.8 (7)
Member Since:
March 31, 2022

Elbert T.

Attorney
Free Consultation
Oklahoma City
5 Yrs Experience
Licensed in OK
Oklahoma City University School of Law

Elbert Thomas is the founder of the Thomas Law Group, LLC. Elbert is proficient in contract creation, drafting, reviewing, and negotiating various business contracts and demand letters in industries such as construction, personal, professional services, non-profits, and real estate. Elbert typically represents small and large companies in drafting and negotiating countless agreements such as purchase sale agreements, interconnection agreements, lease agreements, demand letters, cease & desist letters, transfer of deeds in real property, and merger/acquisition agreements. In addition, Elbert is also experienced in start-ups, small business formation, drafting operating agreements, and estate planning.

Recent  ContractsCounsel Client  Review:
5.0

"I enjoyed working with Elbert. He is thoughtful and willing to walk an ambiguous idea forward with you until there's clarity."

Grant P. on ContractsCounsel
View Grant
Member Since:
October 12, 2021

Grant P.

Founder
Free Consultation
New York
23 Yrs Experience
Licensed in FL, NJ, NY
Brooklyn

Founder and owner of Grant Phillips Law.. Practicing and licensed in NY, NJ & Fl with focus on small businesses across the country that are stuck in predatory commercial loans. The firm specializes in representing business owners with Merchant Cash Advances or Factoring Arrangments they can no longer afford. The firms clients include restaurants, truckers, contractors, for profit schools, doctors and corner supermarkets to name a few. GRANT PHILLIPS LAW, PLLC. is at the cutting edge of bringing affordable and expert legal representation on behalf of Merchants stuck with predatory loans or other financial instruments that drain the companies revenues. Grant Phillips Law will defend small businesses with Merchant Cash Advances they can no longer afford. Whether you have been sued, a UCC lien filed against your receivables or your bank account is levied or frozen, we have your back. See more at www.grantphillipslaw.com

Jonathan K. on ContractsCounsel
View Jonathan
Member Since:
November 12, 2021

Jonathan K.

Principal
Free Consultation
New York, Europe (Germany, UK)
17 Yrs Experience
Licensed in NY
Georgetown University Law Center

Pico & Kooker provides hands on legal advice in structuring, drafting, negotiating, interpreting, managing and enforcing complex high value commercial transactions. Adept at navigating complex environments, Jonathan has extensive expertise advising clients on a wide range of long- and medium-term cross border and financial engagements, including public tender participation, PPPs, export sales agreements as well as policy and regulatory formulation. Jonathan and his co-founder, Eva Pico have represented and acted on behalf of lenders, global corporations and other market participants across a range of industries including financial services, infrastructure and transportation. As outside counsel, Pico & Kooker, has developed a strong rapport and working relationship with their clients and appropriately work with their in-house teams to increase consistency, processes and procedures. The company employs a unique approach as practical, business minded outside legal counsel who believe in proactively partnering with their clients to achieve desired results while managing and engaging key stakeholders. They listen to their clients to develop customized solutions that best meet their needs while aligning with their objectives, vision and values. Some representative transactions include advising the World Bank on project finance and portfolio options to address the costs and risks associated with integrating renewable power sources. Also advising them as legal counsel, Jonathan developed policies, regulation and models for emerging market governments entering into public-private partnerships. In addition to his work with the World Bank, Jonathan has worked with some of the world’s largest consulting firms, financial institutions and governmental organizations, including the United Nations, the governments of the US, UK and select African countries. Through out his career, he has worked with large, multinational corporations both by consulting in-house and acting as outside counsel on large cross-border transactions. He graduated from Georgetown University’s law school and was admitted practice as a lawyer in New York, England and Wales and, as a foreign lawyer, in Germany. He has written several articles for trade journals and has been cited by several business publications in worldwide. Jonathan is a native English speaker and has high proficiency in German and a functional understanding of Spanish.

Find the best lawyer for your project

Browse Lawyers Now

Lawyer Reviews for Amendment To Severance Agreement Projects

Review Severance Agreement

5.0

"Excellent work, very quick turnaround, answered all my questions and did a very thorough review that left me feeling confident in my decision."

California
Review
Severance Agreement
ContractsCounsel User

Review my severance agreement with my company

5.0

"Ryenne was easy to work with and helped me fully understand the implications of my contract"

Colorado
Review
Severance Agreement
ContractsCounsel User

Review severance agreement

5.0

"Gill was great. Very response and did a quick turn around on my severance agreement."

Florida
Review
Severance Agreement
ContractsCounsel User

CP Separation Agreement

5.0

"Great job, did exactly what I needed ahead of schedule!"

California
Drafting
Severance Agreement
ContractsCounsel User

Severance Agreement Review and Advice

5.0

"Randy went above and beyond in helping me understand and respond to a severance agreement. He provided very thorough analysis of everything that was written, provided in-depth response help, and answered every question I had quickly (even the vague non-question questions). I would not hesitate to hire him again and would highly recommend him for contract help!"

Virginia
Review
Severance Agreement
ContractsCounsel User

Quick, user friendly and one of the better ways I've come across to get ahold of lawyers willing to take new clients.

View Trustpilot Review

Need help with an Amendment To Severance Agreement?

Create a free project posting
Clients Rate Lawyers 4.9 Stars
based on 20,683 reviews
Employment lawyers by top cities
See All Employment Lawyers
Amendment To Severance Agreement lawyers by city
See All Amendment To Severance Agreement Lawyers

ContractsCounsel User

Recent Project:
Severance Agreement Negotiations
Location: Illinois
Turnaround: Less than a week
Service: Contract Review
Doc Type: Severance Agreement
Page Count: 2
Number of Bids: 4
Bid Range: $240 - $500

ContractsCounsel User

Recent Project:
Review severance agreement and original non-compete; intent is to get a new job in same industry.
Location: Virginia
Turnaround: Less than a week
Service: Contract Review
Doc Type: Severance Agreement
Page Count: 8
Number of Bids: 3
Bid Range: $450 - $900

Need help with an Amendment To Severance Agreement?

Create a free project posting
Clients Rate Lawyers 4.9 Stars
based on 20,683 reviews

Want to speak to someone?

Get in touch below and we will schedule a time to connect!

Request a call

Find lawyers and attorneys by city