SEPARATION AGREEMENT AND GENERAL RELEASE This Separetion Agreement and Generel Release (the “Separation Agreement“) is entered into by and between the Plainfield Municipal utilities Authority (the “Avthority”}) and John Johnsen. The Authority and Mr. Johnson are herein referred to individually as a “Party” and collectively as the “Parties”. This Separation Agreement is dated as of November 15, 2005 (the “Effective Date”). RECITALS WHEREAS, Mr. Johnson was employed by the Authority effective April 14, 2003 as Director of Field Operations of the Authority: and WHEREAS, the terms and conditions of Mr. Johnson's employment with the Authority are set forth in an Employment Agreement executed by the Parties dated January 9, 2004, as amended; and WHEREAS, the Parties desire to terminate their relationship and the Employment Agreement dated January 9, 2004 on the terms described herein. NOW THEREFORE, in consideration of the mutual covenants set forth below and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Authority and Mr. Johnson agree as follows: I. Definitions “Authority” means the Plainfield Municipal Utilities Authority. “Claim” or “Claims” means any indebtednesses, clains, damages, causes of action, suits for legal or equitable relief, costs and liabilities of every nature and description, whether known oz unknown, whether direct or consequential. The word “Claim” further includes any causes of action erising under common law, regulation, statute, executive order, or ordina ce(including, withovt limitation, any one ar more of the Labor Management Relations Act, the National Labor Relations Act, the Equal Pay Act, the Fair Labor Standards Act, Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1866, the Civil Rights Act of 1871, the Civil Rights Act of 1991, the Rehabilitation Act of 1973, the Americans with Disabilities Act of 1990, the Family and Medical Leave Act of 1993, the Age Discrimination in Employment Act of 1967, the Pair Credit Reporting Act of 1997, the Employee Retirement Income Security Act of 1974, and any one or more of laws, regulations, executive orders, or ordinances enacted by federal, stete, or municipal governments, or any one or more of them, regulating, without limitation, any one or more of labor relations, employment relations, employment discrimination, securities transactions, shareholder rights, fair employment practices, human rights, civil rights, exercise of workers’ compensation rights, wages, hours of work, safety and health, retaliatory employment action or discharge, service letters, commission payments, bonus payments or any other aspect of employment or corporate ownership or relations). In addition, the word “Claim” includes any cause of action, complaint, charge, or right enforceable in any forum whether a court or an administrative agency. The word “Claim” also includes any contract claim, such as and without imitation, any claim based upon the Executive Employment Agreement dated January 9, 2004 between the Parties, as well as claim based upon any other contract between the Parties, whether ora} or written, or both. The word “Claim” further includes any tort claim. “Employment Agreement” means the Employment Agreement executed between the Authority and Mr. Johnson dated January 9, 2004 and any and all amendments thereto. “Mr. Gohnson” means John Johnson, an individual, and any one or more of his heirs, successors, assigns, executors, administrators or legal representatives. “Separation Agreement” means this Separation Agreement and General Release dated November 15, 2005.II. Rights end Duties of the Parties 2.61 Mz. Johnson hereby (2) Agrees that the Employment Agreement, his employment and any and all positions held by him with the Authority, shall all terminate effective November 15, 205; (b) Agrees that he has received all accrued vacation and severance pay he is owed by the Authority and except as otherwise provided herein, acknowledges and grees that he will not receive any additional compensation or benefits of any kind from the Authority other than the compensation and benefits set forth below, and he expressly acknowledges and agrees not entitled to any such benefit. (c) Agrees that he has the option to continue his group medical and dental coverage through the COBRA Plan. He acknowledges that he will be receiving a letter in the next few days by certified mail advising him about his medical benefits and the costs of continuation for the next 18 months on a self- pay basis. (d) Releases, waives and agrees net to sue the uthority on any and all Claims against the Authority, or any other persen, corporation, or entity for any action(s} by the Authority, whether known cr unknown, which have arisen or which could have arisen in any manner as of the date on which Mr Johnson signs this Agreement. Mr. Johnson further weives any right of his to receive damages or obtain legal or equitable relief, or both, on any Claim against the Authority (e) Represents that he has not filed any claim against the Authority. Mr. Johnsen further agrees that, except 2s such waiver is prohibited by law, he shall not hereafter file or cause to be filed or otherwise participate in any manner, in any claim against the Authority or seek any compensation or other relief for any claim other than the consideration described in this Separation Agreement, and that if any agency or court assumes jurisdiction over any claim on behalf of or ctherwise for the benefit of him, he will instruct that agency or court to withdraw from or dismiss with prejudice the claim: (£) Agrees that he shall not, at any time or in any 3 5.008 2488151