SEVERANCE AGREEMENT AND GENERAL WAIVER AND RELEASE
This Severance Agreement and General Waiver and Release (the “Agreement”) is made and entered into by and between
David Blum (“Employee”) and CECO Environmental Corp. (“CECO”).
Whereas, Employee has been employed by CECO as a President of Kirk and Blum and
Whereas, CECO has decided to eliminate Employee’s position; and
Whereas, Employee and CECO mutually desire to resolve amicably all differences or disputes, if any, that exist or may exist
Now, therefore, in consideration of the above and of the payments, mutual promises, and other good and valuable
consideration set forth in this Agreement, the sufficiency of which is hereby explicitly acknowledged, Employee and CECO
agree as follows:
1. Employee’s employment with CECO shall end effective May 28, 2010. CECO shall record Employee’s separation as
mutual agreement due to position elimination.
2. Upon Employee’s signature of this Agreement, and subject to CECO’s rights set forth herein, and provided that
Employee complies with all terms and conditions of the Agreement, CECO shall provide to Employee the following payments
a. A severance payment equal to thirty-one (31) weeks of regular pay, in the gross amount of One Hundred Forty-
Two Thousand Eight Hundred Fifty Seven Dollars and No Cents ($142,857.00) less all applicable, legally required payroll
deductions, to be paid in fifteen (15) bi-weekly payments of Nine Thousand Two Hundred Two Dollars and No Cents
($9,202.00) and one (1) biweekly payment of Four Thousand Eight Hundred Twenty Seven Dollars and No Cents
($4,827.00), less all applicable, legally required payroll deductions starting on the first regularly-scheduled payroll run
falling on or after the eighth (8th) business day following the date Employee signs this Agreement.
b. Payment towards the cost of seven (7) months of Employee’s COBRA health insurance coverage (June 1, 2010
through December 31, 2010), should Employee elect COBRA