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Actionable news in TBI: TRUEBLUE Inc,

Departure of Directors or Certain

On October 21, 2015, TrueBlue, Inc. (the Company) entered into an Amended and Restated Executive Employment Agreement (the Amended Agreement) with Steven C. Cooper, the Companys Chief Executive Officer. The Amended Agreement amends and restates Mr. Coopers prior employment agreement dated November 16, 2009 (the Prior Agreement).

The Amended Agreement provides for the payment to Mr. Cooper of an annual base salary of $650,000, subject to adjustment by the Companys Board of Directors (the Board). The Amended Agreement does not provide for any specific or minimum term or duration and Mr. Coopers employment is terminable at will.

The Amended Agreement provides that if the Company terminates Mr. Coopers employment without cause or if Mr. Cooper terminates his employment with good reason, subject to certain conditions, Mr. Cooper will receive monthly separation payments for 18 months from the termination date at a rate equal to his base monthly salary at the time of termination. In addition, if the Company terminates Mr. Coopers employment without cause or Mr. Cooper terminates his employment with good reason, subject to certain conditions, or if the Board determines in good faith that Mr. Cooper has...


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