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These excerpts taken from the MGPI 10-Q filed May 11, 2009. WHEREAS, the undersigned employee wishes to
voluntarily resign employment with MGP Ingredients, Inc.;
WHEREAS, this
Separation Agreement and Release of Claims (Agreement) is dated as of April 17,
2009, is by and between Robert Zonneveld (Employee) and MGP Ingredients, Inc.
(Employer), and shall be effective upon the expiration of the Agreements
revocation period;
WHEREAS, MGP
Ingredients is making available to the undersigned employee a separation
benefit in recognition of Employees efforts in the restructuring of Employer
and conditioned upon a release of all claims by the undersigned employee; and
WHEREAS, the
undersigned employee is not entitled otherwise to any separation benefit and
wishes to accept the separation benefit described below.
The undersigned employee agrees as follows:
1. In exchange for the separation benefit described below, Robert Zonneveld (Employee) releases and forever discharges MGP Ingredients, Inc., its predecessors, successors, assigns, officers, directors, stockholders, agents, employees, and all related or subsidiary companies or divisions (collectively referred to as Employer) from all claims, demands, suits, grievances, liabilities, or causes of action of any kind whatsoever now existing including but not limited to those that in any way | EXCERPTS ON THIS PAGE:
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