EX-10.2.9 2 ex1029.htm EXHIBIT 10.2.9 SEVERANCE CALCULATION
Severance Calculation
Contingent on receipt of a signed Separation and Release Agreement
Exhibit 10.2.9

Employee Name | Ray Pepper
Hire Date | 6/23/97
Anticipated Separation Date | 1/4/19
Annualized Salary | $258,000.00
Baseline Severance | 12 months = $258,000.00
Additional Severance based on Tenure at 18 years (At 5 years, 2 weeks per full year of service up to additional 26 weeks’ severance) | 26 weeks =$129,000
| Total Severance: $387,000
COBRA Subsidy or Cash Equivalent (choose one) (FY19 coverage: Employee only) | 18 months or $9,000
Outplacement | 12 months

You must meet the following conditions in order to receive the severance, Cobra Subsidy/cash and outplacement (as outlined above):

• | Have not accepted a position within Jack in the Box or Qdoba

• | Actively working through agreed separation date

• | Have satisfactory performance

• | Have a signed Separation and Release Agreement

Please note that this represents the severance calculation that we anticipate you would receive and does not constitute a formal offer or agreement.