The parties to this Severance Agreement (hereinafter “Agreement”) are MARK J. SANDQUIST and COLUMBIA
SPORTSWEAR COMPANY, an Oregon corporation, with its principal place of business at 14375 NW Science Park Drive,
Portland, Oregon 97229 (“COLUMBIA”).
For the purposes of this Agreement, SANDQUIST means MARK J. SANDQUIST, and SANDQUIST’s heirs, executors,
administrators, and assigns.
For purposes of this Agreement “Company” means COLUMBIA SPORTSWEAR COMPANY, and all subsidiaries,
affiliated companies and other business entities thereof, all predecessors and successors of each, and all of each entity’s
officers, shareholders, directors, employees, agents, or assigns, in their individual and representative capacities.
SANDQUIST has been employed by COLUMBIA since March 23, 1995. SANDQUIST’s employment is ending effective
March 24, 2009 (hereinafter Termination Date). The parties are entering into this Agreement to define the severance relationship
and to settle fully and finally any and all claims SANDQUIST may have against Company, whether asserted or not, known or
unknown, including, but not limited to, claims arising out of or related to SANDQUIST’s employment, termination, and claim for
reemployment, or any other claims whether asserted or not, known or unknown, past or future, that relate to SANDQUIST’s
employment, termination, reemployment, or application for reemployment. SANDQUIST has twenty-one (21) days to consider
SANDQUIST waives, acquits and forever discharges Company from any and all claims SANDQUIST may have.
SANDQUIST hereby releases Company from any and all claims, demands, actions, or causes of action, whether known or
unknown, arising from or related in any way to any employment of or past or future failure or refusal to employ SANDQUIST by
Company, or any other past or future claim (except as reserved by this Agreement or where expressly prohibited by law) that
relates in any way to SANDQUIST’s employment, t