ORTHOFIX MEDICAL INC.
SEVERANCE AGREEMENT
This AGREEMENT (the “Agreement”) is made and entered into as of October 2, 2023 (the “Effective Date”), by and between Orthofix Medical Inc., a Delaware corporation (together with its direct and indirect subsidiaries, the “Company”), and Geoffrey C. Gillespie (the “Executive”).
RECITALS
WHEREAS, the Executive is expected to make significant contributions to the profitability, growth and financial strength of the Company;
WHEREAS, the Company believes that it is important to provide the Executive, during the period that he serves as the Company’s Interim Chief Financial Officer and for one year thereafter, with severance benefits upon certain terminations of employment to provide the Executive with enhanced financial security and incentive and encouragement to remain with the Company; and
NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
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IN WITNESS WHEREOF, each of the undersigned has executed this Agreement as of the date first above written.
ORTHOFIX MEDICAL INC.
By: /s/ CATHERINE BURZIK Catherine M. Burzik |
EXECUTIVE /s/ GEOFFREY GILLESPIE Geoffrey C. Gillespie Interim Chief Financial Officer and VP, Corporate Controller |
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