SEPARATION AND RELEASE AGREEMENT
This SEPARATION AND RELEASE AGREEMENT (this “Agreement”) is made as of October
3, 2023 (the “Effective Date”), between Generation Income Properties, Inc. a Maryland corporation (including its successors and assigns, the “Company”), and Allison Davies (“Employee”).
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all the other covenants and obligations contained in the Employment Agreement which survive the termination of employment shall remain in full force and effect including, but not limited to, the covenant of non-solicitation contained in Sections 4(c) and 4(d) of the Employment Agreement and the covenant of non-disclosure of confidential contained in Section 4(e) of the Employment Agreement.
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(b) Employee’s right to indemnification, (c) any claim for compensation for illness or injury or medical expenses under any worker’s compensation statute, (d) benefits under any plan currently maintained by the Company in which Employee is currently a participant and that provides for retirement benefits, (e) rights under any law or any policy or plan currently maintained by the Company that provides health insurance continuation or conversion rights, or (f) any claim that by law cannot be waived or released. In addition, nothing herein shall release the Company of its indemnification obligations to Employee under the Indemnification Agreement, dated January 24, 2022, and under the Company’s charter and bylaws and under the Maryland General Corporation Law.
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Agreement, including the General Release set forth in Section 3, and understands its terms and that Employee enters into this Agreement freely, voluntarily, and without coercion.
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IN WITNESS WHEREOF, the parties hereto, intending to be legally bound, have executed this Agreement as of the date first written above.
THE COMPANY
By: /s/ David Sobelman
David Sobelman
Chief Executive Officer
EMPLOYEE
By: /s/ Allison Davies
Allison Davies
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