Exhibit
10.2
SEPARATION AGREEMENT AND GENERAL RELEASE
Innodata Inc. (“Innodata”)
and Robert O’Connor (together with his heirs, executors, administrators, successors, and assigns collectively referred to
throughout this Separation Agreement and General Release as “Employee”) (and Innodata and Employee together known herein
as the “Parties”), agree that:
1. Last Day of
Employment. Employee’s last day of employment with Innodata was October 2, 2020 (“Separation Date”).
2. Consideration.
In consideration for signing and not revoking this Separation Agreement and General Release (“Agreement”), and complying
with its terms, Innodata agrees:
(a)
to pay Employee three (3) months of base salary at Employee’s normal rate of pay of $8,333.33/ month, less
lawful deductions, payable as follows: $4,166.67, less lawful deductions, payable on the first through sixth regularly
scheduled payroll dates commencing with the first regularly scheduled payroll date occurring at least fifteen (15) days after
Innodata’s receipt of the executed Agreement. Innodata’s current payroll cycle is twice per month: on or about
the 15th and 30th of each month.
3. No
Consideration Absent Execution of this Agreement. Employee understands and agrees that Employee would not receive the monies
specified in paragraph “2” above, except for Employee’s execution of this Agreement and Employee’s fulfillment
of the promises contained herein that apply to Employee.
4. General
Release, Claims Not Released and Related Provisions
a. General
Release of All Claims. Employee knowingly and voluntarily releases and forever discharges Innodata, its affiliates, subsidiaries,
divisions, predecessors, insurers, successors and assigns, and their current and former partners, affiliates, members, owners,
agents, officers, directors, employees, attorneys thereof, both individually and in their corporate capacities, and their employee
benefit plans, programs and arrangements and their administrators, functionaries and fiduciaries (collectively referred to throughout
the remainder of this Separation Agreement as “Releasees”), of and from any and all claims, known and unknown, asserted
or unasserted, which the Employee has or may have against Releasees as of the date of execution of this Agreement, including but
not limited to, arising out of or related to Employee’s employment or the termination of Employee’s employment with
Innodata, including, but not limited to, any alleged violation of: Title VII of the Civil Rights Act of 1964; Sections 1981 through
1988 of Title 42 of the United States Code; The Employee Retirement Income Security Act of 1974 (“ERISA”) (as modified
below); The Immigration Reform and Control Act; The Americans with Disabilities Act of 1990; The Age Discrimination in Employment
Act of 1967 (“ADEA”); The Family and Medical Leave Act; The Equal Pay Act; The Workers Adjustment and Retraining Notification
Act; The Occupational Safety and Health Act; The Fair Credit Reporting Act; The Genetic Information Nondiscrimination Act of 2008;
Sarbanes-Oxley Act of 2002; New Jersey Law Against Discrimination; New Jersey Civil Rights Act; New Jersey State Wage and Hour
Law; New Jersey Genetic Privacy Act; New Jersey Smokers’ Rights Law; New Jersey Statutory Provision Regarding Retaliation/Discrimination
for Filing a Workers’ Compensation Claim; New Jersey Family Leave Act; New Jersey Equal Pay Act; Millville Dallas
Airmotive Plant Job Loss Notification Act; New Jersey Conscientious Employee Protection Act (Whistleblower Protection); The New
Jersey Public Employees’ Occupational Safety and Health Act; New Jersey Fair Credit Reporting Act; New Jersey laws regarding
Political Activities of Employees, Lie Detector Tests, Jury Duty, Employment Protection, and Discrimination;; any other federal,
state or local law, rule, regulation, or ordinance; any public policy, contract, tort, or common law; or any basis for recovering
costs, fees, or other expenses including attorneys’ fees incurred in these matters.
b. Claims
Not Released. Employee is not waiving any rights he may have to: (a) his own vested accrued employee benefits under Innodata’s
health, welfare, or retirement benefit plans as of the Separation Date, if any; (b) benefits and/or the right to seek benefits
under applicable workers’ compensation and/or unemployment compensation statutes; (c) pursue claims which by law cannot be
waived by signing this Agreement; (d) enforce this Agreement; and/or (e) challenge the validity of this Agreement.
c. Governmental
Agencies. Nothing in this Agreement prohibits or prevents Employee from filing a charge with or participating, testifying,
or assisting in any investigation, hearing, whistleblower proceeding or other proceeding before any federal, state or local government
agency, nor does anything in this Agreement preclude, prohibit, or otherwise limit, in any way, Employee’s rights and abilities
to contact, communicate with, report matters to, or otherwise participate in any whistleblower program administered by any such
agencies. However, to the maximum extent permitted by law, Employee agrees that if such an administrative claim is made, Employee
shall not be entitled to recover any individual monetary relief or other individual remedies.
d. Collective/Class
Action Waiver. If any claim is not subject to release, to the extent permitted by law, Employee waives any right or ability
to be a class or collective action representative or to otherwise participate in any putative or certified class, collective or
multi-party action or proceeding based on such a claim in which Innodata or any other Releasee identified in this Agreement is
a party.
5. Acknowledgments
and Affirmations.
Employee
affirms that Employee has not filed, caused to be filed, and is not presently a party to, any claim, charge, action or other legal
proceeding against Releasees in any forum or form as of the date of execution of this Agreement.
Employee affirms that
Employee has been paid and/or has received all compensation, wages, bonuses, commissions, and/or benefits which are due and payable
as of the date Employee signs this Agreement. Employee affirms that Employee has been granted any leave to which Employee was entitled
under the Family and Medical Leave Act or related state or local leave or disability accommodation laws.
Employee further affirms
that Employee has no known workplace injuries or occupational diseases.
Employee affirms that
Employee has returned all of Innodata’s property, documents, and/or confidential information in Employee’s possession
or control. Employee also affirms that Employee is in possession of all of Employee’s property that Employee had at Innodata’s
premises and that Innodata is not in possession of any of Employee’s property. Employee affirms that Employee has not divulged
any proprietary or confidential information of Innodata, its affiliates, subsidiaries or clients and will continue to maintain
the confidentiality of such information consistent with Innodata’s policies and Employee’s agreement(s) with Innodata
and/or common law. Employee further affirms that Employee has provided Innodata with a list of all user names and passwords used
by Employee in connection with Employee performing services for Innodata.
Employee further affirms
that Employee has not been retaliated against for reporting any allegations of wrongdoing by Innodata, its officers, or any other
Releasee identified in this Agreement, including any allegations of corporate fraud.
Employee affirms that
all of Innodata’s decisions regarding Employee's pay and benefits through the Separation Date were not discriminatory based
on age, disability, race, color, sex, religion, national origin or any other classification protected by law.
6. Non-Disparagement.
Employee agrees not to maliciously defame, disparage, or demean Innodata, its affiliates, subsidiaries and their respective
current and former officers, directors and members, to the fullest extent permitted by applicable law, provided that nothing
contained herein shall prevent Employee from providing truthful information about Innodata in connection with any legal proceeding
or to the extent compelled to do so by law.
7. Limited
Disclosure. Employee agrees not to disclose any information regarding the underlying facts leading up to or the existence or
substance of this Agreement, except to Employee’s spouse, tax advisor, an attorney with whom Employee chooses to consult
regarding Employee’s consideration of this Agreement and/or to any federal, state or local government agency.
8. Non-Admission
of Wrongdoing. The Parties agree that neither this Agreement nor the furnishing of the consideration for this Agreement shall
be deemed or construed at any time for any purpose as an admission by Releasees of wrongdoing or evidence of any liability or unlawful
conduct of any kind.
9 Governing
Law and Interpretation. This Agreement shall be governed and conformed in accordance with the laws of the state in which Employee
worked at the time of Employee’s Separation Date without regard to its conflict of laws provisions. In the event of a breach
of any provision of this Agreement, either party may institute an action specifically to enforce any term or terms of this Agreement
and/or to seek any damages for breach. Should any provision of this Agreement be declared illegal or unenforceable by any court
of competent jurisdiction and cannot be modified to be enforceable, excluding the general release language, such provision shall
immediately become null and void, leaving the remainder of this Agreement in full force and effect.
10. Amendment.
This Agreement may not be modified, altered or changed except in writing and signed by both Parties wherein specific reference
is made to this Agreement.
11. Entire Agreement. This
Agreement sets forth the entire agreement between the Parties hereto, and fully supersedes any prior agreements or understandings
between the Parties, except for the Agreement Concerning Confidentiality and Non-Disclosure Employee previously executed (the “CNDA”)
and paragraph 8 of the offer of employment between the Employee and Innodata dated April 12, 2019 (the “Offer Letter”),
which is incorporated herein by reference. Employee acknowledges that Employee has not relied on any representations, promises,
or agreements of any kind made to Employee in connection with Employee’s decision to accept this Agreement, except for those
set forth in this Agreement. By signing this Agreement, Employee reaffirms his continuing obligations under the CNDA and the Offer
Letter, including, without limitation, Employee’s obligations of non-solicitation of Innodata customers and employees, and
Employee’s obligations of confidentiality and non-disclosure.
EMPLOYEE IS ADVISED THAT
EMPLOYEE HAS UP TO TWENTY-ONE (21) CALENDAR DAYS TO CONSIDER THIS AGREEMENT. EMPLOYEE ALSO IS ADVISED TO CONSULT WITH AN ATTORNEY
PRIOR TO EMPLOYEE’S SIGNING OF THIS AGREEMENT.
EMPLOYEE MAY REVOKE THIS
AGREEMENT FOR A PERIOD OF SEVEN (7) CALENDAR DAYS FOLLOWING THE DAY EMPLOYEE SIGNS THIS AGREEMENT. ANY REVOCATION WITHIN THIS PERIOD
MUST BE SUBMITTED, IN WRITING, TO MARCIA NOVERO, DIRECTOR OF HUMAN RESOURCES AT INNODATA INC., 55 CHALLENGER ROAD, SUITE 202, RIDGEFIELD
PARK, NEW JERSEY 07660, AND STATE, "I HEREBY REVOKE MY ACCEPTANCE OF OUR AGREEMENT." THE REVOCATION MUST BE PERSONALLY
DELIVERED TO MARCIA NOVERO, OR TO HER DESIGNEE, OR BE MAILED TO INNODATA INC. 55 CHALLENGER ROAD, SUITE 202, RIDGEFIELD PARK, NEW
JERSEY 07660 AND POSTMARKED WITHIN SEVEN (7) CALENDAR DAYS AFTER EMPLOYEE SIGNS THIS AGREEMENT. THIS AGREEMENT SHALL NOT BECOME
EFFECTIVE OR ENFORCEABLE UNTIL THE REVOCATION PERIOD HAS EXPIRED. IF THE LAST DAY OF THE REVOCATION PERIOD IS A SATURDAY, SUNDAY
OR LEGAL HOLIDAY RECOGNIZED IN THE STATE IN WHICH EMPLOYEE LAST WORKED, THEN THE REVOCATION PERIOD SHALL NOT EXPIRE UNTIL THE NEXT
FOLLOWING DAY THAT IS NOT A SATURDAY, SUNDAY OR LEGAL HOLIDAY.
EMPLOYEE AGREES THAT
ANY MODIFICATIONS, MATERIAL OR OTHERWISE, MADE TO THIS AGREEMENT, DO NOT RESTART OR AFFECT IN ANY MANNER THE ORIGINAL UP TO TWENTY-ONE
(21) CALENDAR DAY CONSIDERATION PERIOD.
EMPLOYEE FREELY AND KNOWINGLY,
AND AFTER DUE CONSIDERATION, ENTERS INTO THIS AGREEMENT INTENDING TO WAIVE, SETTLE AND RELEASE ALL CLAIMS EMPLOYEE HAS OR MIGHT
HAVE AGAINST RELEASEES.
The Parties knowingly
and voluntarily sign this Agreement as of the date(s) set forth below:
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Employee
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Innodata Inc.
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By:
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/s/ Robert O’Connor
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By:
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/s/ Marcia Novero
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Robert O’Connor
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Marcia Novero
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Director of Human Resources
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Date:
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10/2/20
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Date:
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10/2/20
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Exhibit 99.1
Innodata Announces Appointment
of Mark Spelker as CFO
NEW YORK – October 8, 2020 –
INNODATA INC. (NASDAQ: INOD) today announced that Mark Spelker has been appointed as its Executive Vice President, Chief Financial
Officer, Principal Financial Officer and Principal Accounting Officer.
Spelker retired recently from CohnReznick
LLP, a leading accounting, tax and business advisory firm, where he served as an audit and technical consulting partner for 20
years and its National Director of SEC Services for eight years. CohnReznick previously served as Innodata’s auditor for
approximately 12 years beginning September 2008, with Spelker serving as Innodata’s engagement partner for two rotations.
Jack Abuhoff, CEO, said, “I am pleased
to welcome Mark to our leadership team. Mark’s extensive experience working with a broad range of public companies and his
in-depth knowledge of our business makes him distinctively qualified to help us position Innodata for the future.”
“I can’t imagine a more exciting
time to join Innodata,” Spelker said. “Innodata has a compelling opportunity to put its unique strengths to work for
a burgeoning market embracing AI and machine learning. I look forward to supporting the team in translating this market opportunity
to shareholder value.”
Mr. Spelker will replace Mr. Robert O’Connor
who has been serving as Innodata’s Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer.
Innodata wishes Mr. O’Connor well in his future endeavors and thanks him for his services to the Company.
About Innodata
Innodata (NASDAQ: INOD) is a leading
data engineering company. Prestigious companies across the globe turn to Innodata for help with their biggest data challenges.
By combining advanced machine learning and artificial intelligence (ML/AI) technologies, a global workforce of over 3,000 subject
matter experts, and a high-security infrastructure, we’re helping usher in the promise of digital data and ubiquitous AI.
Forward Looking Statements
This press release may contain forward-looking
statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, and Section 27A of the Securities
Act of 1933, as amended. Words such as “project,” “believe,” “expect,” “can,”
“continue,” “could,” “intend,” “may,” “should,” “will,”
“anticipate,” “indicate,” “forecast,” “predict,” “likely,” “goals,”
“optimistic,” “estimate,” “plan,” “potential,” or the negatives thereof and
other similar expressions generally identify forward-looking statements, which speak only as of the date hereof.
These forward-looking statements are based
on management’s current expectations, assumptions and estimates and are subject to a number of risks and uncertainties, including
without limitation, the expected or potential effect of the novel coronavirus (COVID-19) pandemic and the responses of governments,
the general global population, our customers, and the Company thereto; that contracts may be terminated by clients; projected or
committed volumes of work may not materialize; continuing Digital Data Solutions segment reliance on project-based work and the
primarily at-will nature of such contracts and the ability of these clients to reduce, delay or cancel projects; the likelihood
of continued development of the markets, particularly new and emerging markets, that our services support; continuing Digital
Data Solutions segment revenue concentration in a limited number of clients; potential inability to replace projects that are completed,
canceled or reduced; our dependency on content providers in our Agility segment; difficulty in integrating and deriving synergies
from acquisitions, joint venture and strategic investments; potential undiscovered liabilities of companies and businesses that
we may acquire; potential impairment of the carrying value of goodwill and other acquired intangible assets of companies and
businesses that we acquire; changes in our business or growth strategy; a continued downturn in or depressed market conditions,
whether as a result of the COVID-19 pandemic or otherwise; changes in external market factors; the ability and willingness of our
clients and prospective clients to execute business plans that give rise to requirements for our services; changes in our business
or growth strategy; the emergence of new or growing competitors; various other competitive and technological factors; our use of
and reliance on information technology systems, including potential security breaches, cyber-attacks, privacy breaches or data
breaches that result in the unauthorized disclosure of consumer, client, employee or Company information, or service interruptions;
and other risks and uncertainties indicated from time to time in our filings with the Securities and Exchange Commission.
Our actual results could differ materially
from the results referred to in forward-looking statements. Factors that could cause or contribute to such differences include,
but are not limited to, uncertainty around the COVID-19 pandemic and the effects of the global response thereto and the risks discussed
in Part I, Item 1A. “Risk Factors,” Part II, Item 7. Management’s Discussion and Analysis of Financial Condition
and Results of Operations, and other parts of our Annual Report on Form 10-K, filed with the Securities and Exchange Commission
on March 16, 2020, or as updated or amended by our other filings with the Securities and Exchange Commission. In light of these
risks and uncertainties, there can be no assurance that the results referred to in the forward-looking statements will occur, and
you should not place undue reliance on these forward-looking statements. We undertake no obligation to update or review any
guidance or other forward-looking statements, whether as a result of new information, future developments or otherwise, except
as may be required by the Federal securities laws.
Company Contact
Suzanne Srsich
Innodata Inc.
ssrsich@innodata.com
(201) 371-8033
