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CQB > SEC Filings for CQB > Form 8-K on 11-Dec-2009All Recent SEC Filings

Show all filings for CHIQUITA BRANDS INTERNATIONAL INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for CHIQUITA BRANDS INTERNATIONAL INC


11-Dec-2009

Change in Directors or Principal Officers


Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

In connection with Jeffrey M. Zalla's resignation as Chief Financial Officer of the Company, Mr. Zalla and the Company have entered into a separation agreement, which became fully effective as of December 9, 2009. Pursuant to the separation agreement, Mr. Zalla has agreed to cooperate with the Company with respect to specified transition matters and has also agreed to confidentiality, non-competition and non-solicitation covenants in favor of the Company. Mr. Zalla has also agreed to a general release of the Company. In exchange for the foregoing, the Company has agreed to provide Mr. Zalla with benefits under the terms of the Company's Executive Officer's Severance Pay Plan (filed as Exhibit 10.6 to the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2008).


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