SEPARATION AND RELEASE AGREEMENT
This Separation and Release Agreement ("Agreement") is entered into as of the 18th day of November, 1999,
among Service Corporation International, a Texas corporation ("SCI"), SCI Executive Services, Inc., a
Delaware corporation ("Executive Services"), and George R. Champagne ("Champagne").
SCI, Executive Services and Champagne agree as follows:
1. Effective as of the date hereof, the Company hereby terminates Champagne's employment other than for cause
and Champagne hereby resigns as Executive Vice President and Chief Financial Officer of SCI as well as all
other positions he holds with SCI, its subsidiaries and affiliates (collectively, the "SCI Group"), including without
limitation all positions as officer, director or committee member.
2. The Employment Agreement dated March 10, 1999 between SCI, Executive Services and Champagne shall
remain in effect except as modified herein. Although Champagne's employment is hereby terminated, the
Employment Period as defined in the Employment Agreement shall continue until December 31, 2001 subject to
the provisions of the Employment Agreement. During the Employment Period, Champagne will continue to
receive salary and benefits pursuant to Sections 3(a) and 3(d) of the Employment Agreement except that the
Annual Base Salary shall be $450,000 per year. In lieu of bonuses under Section 3(b) of the Employment
Agreement, Executive Services shall pay to Champagne within 10 days of the date hereof the sum of
$1,590,000, net of applicable withholding taxes. Except as set forth above in this numbered paragraph 2,
Champagne shall not be entitled to any compensation or benefits set forth in
Section 3 of the Employment Agreement.
3. Champagne's participation in the Supplemental Executive Retirement Plan for Senior Officers ("SERP") shall
continue through the Employment Period. Champagne will be eligible to receive his SERP benefit payments
commencing upon his attaining the age of 55.
4. Through the Employm